LotsCap

Economy Profile

Lowndes County

  • Alabama State
  • October, 2024
TSAC-CFD-01085

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 488453
AVG Real Growth (2017-2022)
-1.46 %
Unemployment Rate (May, 2024)
5.3 %
Labor Force Size
3571
Number of Businesses
212
Average Annual Wage
$ 66380

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 488453
GDP Per Capita
$ 48109
GDP Growth Rate (2022)
4 %
Average Growth Rate (2017-2022)
-1.46 %
Goods Producing Contribution (%)
55.7%
Service Providing Contribution (%)
34.3%
Goverment Contribution
10%
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
3571
Labor Force Growth
1.39%
Unemployment
189
Unemployment Rate
5.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59.5%
Employment Rate (with Bachelor's Degree)
81.6%
Employment Rate (75+ y.o.)
5.7%
Employment Rate (Black)
39.1%
Employment Rate (Female)
68%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
212
Number of Employment
2971
Annual Average Wages
$ 66380
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 69725
Service-providing (avg pay)
$ 71323
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 33125
Household Income (Median)
$ 55548
Per Capita Income
$ 23415
Per Capita Income Growth (2010-2022)
41.7 %
Gini Index
0.5197*
Poverty Rate
25.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov