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Economy Profile

Boone County

  • Arkansas State
  • October, 2024
TSAC-CFD-05009

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 1749621
AVG Real Growth (2017-2022)
1.86 %
Unemployment Rate (May, 2024)
4 %
Labor Force Size
15614
Number of Businesses
976
Average Annual Wage
$ 46386

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1749621
GDP Per Capita
$ 46456
GDP Growth Rate (2022)
0.8 %
Average Growth Rate (2017-2022)
1.86 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
14.8%
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
15614
Labor Force Growth
-1.1%
Unemployment
625
Unemployment Rate
4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
71.1%
Employment Rate (with Bachelor's Degree)
81.9%
Employment Rate (75+ y.o.)
5.2%
Employment Rate (Black)
47.7%
Employment Rate (Female)
68.3%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
976
Number of Employment
14578
Annual Average Wages
$ 46386
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 50192
Service-providing (avg pay)
$ 44818
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52275
Household Income (Median)
$ 69322
Per Capita Income
$ 28886
Per Capita Income Growth (2010-2022)
40.9 %
Gini Index
0.4477*
Poverty Rate
13.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov