About the data
Public Administration, Education & Health is the largest sector in Devon with an output of over £3.5bn, followed by Distribution, Transport, Accommodation and Food at £3.17bn. Whilst output is high in these sectors, they employ large proportions of the labour force, reducing productivity and output per head.
Conversely the smallest sector by output in Devon, Finance and Insurance at £257m, is one of the most productive industries. Increasing output in more productive areas of the local economy is important if Devon is going to reduce the productivity gap with the national average. With a fully employed labour market, upskilling the labour force and increasing capital investment to boost innovation will become the principal means of increasing output in the economy.
Last Updated: August 2018