London Borough of Haringey - Economy

Economy

In 2006, there were 8,200 businesses in Haringey employing a total of 64,700 people. This accounted for 1.6% of all employment in London.

Haringey's economy is dominated by small businesses with 94.2% of businesses employing less than 24 people. These small businesses account for 39.3% of total employment in the borough.

The main sectors of employment in Haringey are:

  • Retail and wholesale distribution - 19.9%
  • Health and social work - 19.0%
  • Real estate, renting and business activities - 15.3%
  • Education - 12.8%
  • Manufacturing - 8.3%
  • Public administration - 6.8%
  • Hotels and catering - 6.8%
  • Transport and communications - 6.6%
  • Construction - 3.5% (Source:Annual Business Inquiry)
Source

The principal shopping areas in the borough are Wood Green and Turnpike Lane, Muswell Hill, Crouch End, Harringay and Tottenham Hale.

Haringey is situated within the growth corridor connecting London with Stansted, Cambridge and Peterborough.

Read more about this topic:  London Borough Of Haringey

Famous quotes containing the word economy:

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