Economy Profile
Geneva County
- Alabama State
- October, 2024
TSAC-CFD-01061
Snapshot
-
GDP (2022, Thousands)
$ 712,291
AVG Real Growth (2017-2022)
1.32 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
11,507
Number of Businesses
614
Average Annual Wage
$ 40,915
Economy Structure
Population & Household section gives reader an outlook. of general population profile, structure, and outlook.
GDP
GDP (2022, Thousands)
$ 712,291
GDP Per Capita
$ 26,731
GDP Growth Rate (2022)
-3.7 %
Average Growth Rate (2017-2022)
1.32 %
Goods Producing Contribution (%)
23.8%
Service Providing Contribution (%)
60.1%
Goverment Contribution
16.1%
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
11,507
Labor Force Growth
1.45%
Unemployment
354
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301
Employment Profile
Employment Rate (20-64 y.o.)
65.2%
Employment Rate (with Bachelor's Degree)
78.8%
Employment Rate (75+ y.o.)
2.8%
Employment Rate (Black)
44%
Employment Rate (Female)
60.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301
Employment by Sectors
Number of Companies
614
Number of Employment
5,461
Annual Average Wages
$ 40,915
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 44,329
Service-providing (avg pay)
$ 38,501
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS
Income
Household Income (Mean)
$ 47,608
Household Income (Median)
$ 63,491
Per Capita Income
$ 25,644
Per Capita Income Growth (2010-2022)
39.7 %
Gini Index
0.4363*
Poverty Rate
20.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov