Moray

Economic profile. Data last updated 2026-03-28.

Moray supports 36,685 workplace jobs with median earnings 19% below the England average. The claimant rate (2.7%) is lower than the England average of 4.1%.

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Workplace Jobs

36,685

Claimant Rate

2.7%

England: 4.1%

Median Annual Earnings

£26,943

340th of 348

England: £33,080

Median House Price

£224,389

1.8%

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£60,960

England: £63,763

Source: ONS, Nomis, HM Land Registry, 2024-2025·Last updated March 2026

Employment & Labour Market

Monthly claimant count rate over the past 3 years.

Source: Claimant Count via Nomis, BRES, 2020-2026·Last updated March 2026

Industry Structure

Location quotients and shift-share analysis for Moray's economy.

The most specialised sectors are Agriculture, forestry & fishing (LQ 7.18) and Mining & quarrying (LQ 3.86). Agriculture, forestry & fishing shows the strongest local competitive advantage. Wholesale & retail trade underperforms its national sectoral trend.

Largest Sector

Manufacturing

Most Specialised

Agriculture, forestry & fishing

England: LQ 7.18

Fastest Growing

Agriculture, forestry & fishing

Specialised Sectors

7

England: LQ > 1.25

Source: BRES via Nomis, 2020-2024·Last updated March 2026

Economic Output

Estimated Gross Value Added for Moray, derived from sector employment and national productivity ratios.

Total GVA

£2.2bn

GVA per Job

£60,960

England: £63,763

Productivity Rank

164

164th of 391

Top GVA Sector

Manufacturing

Estimates based on national GVA-per-job ratios applied to local sector employment (BRES). Indicative only. See Methodology for details.

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £26,943 are significantly below the England median of £33,080.

Median Annual

£26,943

England: £33,080

10th Percentile

N/A

90th Percentile

N/A

90/10 Ratio

N/A

Source: ASHE via Nomis, 2025·Last updated March 2026

Skills & Qualifications

Census 2021 highest qualification and occupation data.

Source: Census 2021, ONS

Business Environment

Active enterprises in Moray from the UK Business Counts dataset.

3,095 active enterprises operate in this area. The business base has declined by 1.3% over three years. 74.9% of enterprises have fewer than 5 employees.

Active Enterprises

3,095

3-Year Growth

-1.3%

1.3%

Share of England

0.1%

Source: UK Business Counts via Nomis, 2024·Last updated March 2026

Housing & Property Market

Estimated house prices for Moray vs England, 2015-2025.

The median house price of £224,389 is significantly below the England median of £290,000. The price-to-earnings ratio is 8.3x. Prices have risen 1.8% over the past year.

Median Price

£224,389

England: £290,000

Price-to-Earnings

8.3x

12-Month Change

1.8%

Source: HM Land Registry, Census 2021, 2015-2025·Last updated March 2026

Place & Deprivation

Deprivation data not available for this area.

IMD data is only available for English local authorities.

The English Indices of Deprivation 2019 cover 317 English local authorities. Scottish and Welsh areas use separate indices (SIMD and WIMD) with different methodologies.

Impact Calculator

Estimate the economic impact of investment or job creation in Moray using regional input-output multipliers.

Source: Derived from ONS Supply-Use Tables, regionalized via SLQ, 2019·Last updated March 2026