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Butler County, Alabama, has an annual GDP of approximately 821 million dollars, with a GDP per capita of about 43,253 dollars. The county's GDP growth rate for the last year stands at 2.9%, which is a positive trend compared to its compound annual growth rate (CAGR) of 0.78% over the past 13 years. Notably, Butler County has a significant goods-producing sector, contributing 40% to its GDP, which is higher than the state average of 22.2%. In comparison to other counties in Alabama, Butler's GDP per capita is lower than counties like Jefferson and Madison, which have per capita figures of 86,076 dollars and 82,902 dollars, respectively. Overall, while Butler County shows growth potential, it still lags behind more economically robust counties in the state.
Butler County, AL exhibits an employment rate of 66.2% for individuals aged 20-64, which is below the Alabama state average of 68.7% and significantly lower than the national average of 73.8%. However, it stands out with a remarkably high employment rate of 92.8% for those with a Bachelor's degree, surpassing both state (82.6%) and national (84.3%) figures. The county's employment rate for high school graduates is notably low at 59.2%, indicating potential challenges in job accessibility for those without higher education. Comparatively, Butler County's employment rates for Black individuals (50%) and females (65.4%) align closely with state averages, suggesting a consistent demographic employment landscape. Overall, while Butler County faces challenges in overall employment, its educational attainment reflects a strong potential workforce.
Butler County, AL exhibits significant economic challenges compared to both state and national averages. With a mean household income of $44,429 and a median household income of $65,988, Butler County falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $26,334 is also notably lower than the state average of $33,344. Furthermore, 20.5% of households earn less than $20,000, which is considerably higher than Alabama's 16.6%. In contrast, counties like Madison and Shelby show much stronger economic indicators, with mean household incomes exceeding $78,000. The income inequality, as indicated by the Gini index of 0.4837, suggests a moderate level of income disparity, but it is slightly better than the national average of 0.4829. Overall, Butler County's economic landscape reflects a need for targeted development initiatives to improve income levels and reduce poverty.