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Bullock County, Alabama, exhibits significant economic challenges, with an annual GDP of approximately 294 million dollars and a GDP per capita of about 28,493 dollars, both of which are considerably lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate has declined sharply by 4.2% over the last year, contrasting with Alabama's modest growth of 1.7% and the national rate of 1.9%. Notably, Bullock County has a high goods-producing GDP contribution of 35.8%, indicating a reliance on manufacturing and agriculture, yet this has not translated into overall economic growth. Comparatively, counties like Madison and Mobile show more robust economic performance, highlighting the need for targeted economic development strategies in Bullock County to stimulate growth and improve living standards.
Bullock County, AL, exhibits a notably low employment rate of 57.9% for individuals aged 20-64, significantly trailing behind the state average of 68.7% and the national average of 73.8%. Despite a relatively high employment rate of 84.7% for those with a Bachelor's degree, the overall workforce participation remains a concern, particularly among Black residents, who have an employment rate of just 37.9%, well below the state rate of 52.5%. Comparatively, counties like Jefferson and Madison show stronger employment figures, with rates of 71.8% and 74.4%, respectively. This disparity highlights potential challenges in economic opportunities and workforce engagement in Bullock County, suggesting a need for targeted initiatives to boost employment and address systemic barriers.
Bullock County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $36,136 and a median household income of $52,269, Bullock County falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $22,115 is also notably lower than the state average of $33,344. Furthermore, a staggering 29.7% of households earn less than $20,000, indicating a high level of economic distress. In contrast, the national figures show a mean household income of $75,149 and a median of $105,833, highlighting the disparity. The county's income inequality, reflected in a Gini index of 0.5058, suggests a significant wealth gap, further complicating its economic landscape. Overall, Bullock County's economic indicators reveal a pressing need for targeted interventions to improve income levels and reduce poverty.