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Economy Profile

Baxter County

  • Arkansas State
  • October, 2024
TSAC-CFD-05005

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1954421
AVG Real Growth (2017-2022)
3.3 %
Unemployment Rate (May, 2024)
4.4 %
Labor Force Size
17103
Number of Businesses
1289
Average Annual Wage
$ 43602

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1954421
GDP Per Capita
$ 46755
GDP Growth Rate (2022)
2.3 %
Average Growth Rate (2017-2022)
3.3 %
Goods Producing Contribution (%)
32.3%
Service Providing Contribution (%)
60.6%
Goverment Contribution
7.1%
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
17103
Labor Force Growth
0.16%
Unemployment
753
Unemployment Rate
4.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
65.6%
Employment Rate (with Bachelor's Degree)
80%
Employment Rate (75+ y.o.)
7.2%
Employment Rate (Black)
60.6%
Employment Rate (Female)
61.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1289
Number of Employment
16074
Annual Average Wages
$ 43602
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 45039
Service-providing (avg pay)
$ 42866
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 47403
Household Income (Median)
$ 66193
Per Capita Income
$ 30264
Per Capita Income Growth (2010-2022)
40.7 %
Gini Index
0.4592*
Poverty Rate
13.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov