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Economy Profile

Conecuh County

  • Alabama State
  • October, 2024
TSAC-CFD-01035

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 501497
AVG Real Growth (2017-2022)
-4.34 %
Unemployment Rate (May, 2024)
4.2 %
Labor Force Size
4378
Number of Businesses
283
Average Annual Wage
$ 45329

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 501497
GDP Per Capita
$ 43322
GDP Growth Rate (2022)
-7.6 %
Average Growth Rate (2017-2022)
-4.34 %
Goods Producing Contribution (%)
43.7%
Service Providing Contribution (%)
45%
Goverment Contribution
11.3%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
4378
Labor Force Growth
0.78%
Unemployment
186
Unemployment Rate
4.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
54.2%
Employment Rate (with Bachelor's Degree)
61.6%
Employment Rate (75+ y.o.)
2.4%
Employment Rate (Black)
35.2%
Employment Rate (Female)
49%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
283
Number of Employment
3252
Annual Average Wages
$ 45329
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 54270
Service-providing (avg pay)
$ 41161
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 39888
Household Income (Median)
$ 56230
Per Capita Income
$ 24426
Per Capita Income Growth (2010-2022)
55 %
Gini Index
0.4639*
Poverty Rate
18.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov