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Arkansas County, AR, has an annual GDP of approximately 1.27 billion dollars and a GDP per capita of 74,709 dollars. However, it experienced a significant decline in GDP growth of -10.3% over the last year, contrasting sharply with the state's growth rate of 1.3% and the national rate of 1.9%. Despite this downturn, Arkansas County's goods-producing sector contributes a substantial 41% to its GDP, which is notably higher than the state average of 22%. In comparison to other counties in Arkansas, such as Pulaski County with a GDP per capita of 91,000 dollars, Arkansas County's economic performance appears weaker, particularly given its recent negative growth trend. This suggests potential challenges in sustaining economic momentum and highlights the need for strategic interventions to bolster growth.
Arkansas County, AR exhibits an employment rate of 69.9% for individuals aged 20-64, which is slightly below the state average of 69.3% and significantly lower than the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 84.4%, aligning closely with the state rate of 83.5% but still trailing the national figure of 84.3%. Notably, the employment rate for high school graduates in Arkansas County is 62.9%, which is higher than the state average of 63.4% but lower than the national average of 67.9%. The county's employment rates for Black individuals (46.9%) and females (62.6%) are also below state averages (52.1% and 65.9%, respectively), indicating potential areas for improvement in workforce participation and equity compared to both state and national benchmarks.
Arkansas County, AR, exhibits a Mean Household Income of $58,695 and a Median Household Income of $70,590, which are slightly above the state averages of $56,335 and $79,592, respectively. However, both figures remain significantly lower than the national averages of $75,149 and $105,833. The county's Income Per Capita stands at $28,759, indicating a lower economic output per individual compared to the state ($31,868) and national levels ($41,261). Notably, Arkansas County has a higher percentage of households earning less than $20,000 (20.5%) compared to the state (16.3%), suggesting a greater economic disparity. The Gini index of 0.4412 reflects a relatively lower income inequality compared to other counties in Arkansas, such as Pulaski County (0.5170), indicating a more equitable income distribution within the county.