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Economy Profile

Etowah County

  • Alabama State
  • October, 2024
TSAC-CFD-01055

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 3489358
AVG Real Growth (2017-2022)
-1.08 %
Unemployment Rate (May, 2024)
3.7 %
Labor Force Size
39935
Number of Businesses
2375
Average Annual Wage
$ 44968

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3489358
GDP Per Capita
$ 33763
GDP Growth Rate (2022)
0.8 %
Average Growth Rate (2017-2022)
-1.08 %
Goods Producing Contribution (%)
17.2%
Service Providing Contribution (%)
69.7%
Goverment Contribution
13.2%
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
39935
Labor Force Growth
1.15%
Unemployment
1462
Unemployment Rate
3.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
68.4%
Employment Rate (with Bachelor's Degree)
83.2%
Employment Rate (75+ y.o.)
6.4%
Employment Rate (Black)
53.5%
Employment Rate (Female)
66%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2375
Number of Employment
32651
Annual Average Wages
$ 44968
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 50634
Service-providing (avg pay)
$ 42886
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52177
Household Income (Median)
$ 69693
Per Capita Income
$ 28479
Per Capita Income Growth (2010-2022)
39.3 %
Gini Index
0.4556*
Poverty Rate
15.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov