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Economy Profile

Carroll County

  • Arkansas State
  • October, 2024
TSAC-CFD-05015

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1156249
AVG Real Growth (2017-2022)
3.2 %
Unemployment Rate (May, 2024)
3.6 %
Labor Force Size
12537
Number of Businesses
811
Average Annual Wage
$ 38467

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1156249
GDP Per Capita
$ 40768
GDP Growth Rate (2022)
6.6 %
Average Growth Rate (2017-2022)
3.2 %
Goods Producing Contribution (%)
43.2%
Service Providing Contribution (%)
48.5%
Goverment Contribution
8.3%
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
12537
Labor Force Growth
0.69%
Unemployment
457
Unemployment Rate
3.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
68.2%
Employment Rate (with Bachelor's Degree)
68.9%
Employment Rate (75+ y.o.)
4.7%
Employment Rate (Black)
76.1%
Employment Rate (Female)
59.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
811
Number of Employment
10856
Annual Average Wages
$ 38467
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 39689
Service-providing (avg pay)
$ 36985
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 56826
Household Income (Median)
$ 71631
Per Capita Income
$ 29123
Per Capita Income Growth (2010-2022)
47.5 %
Gini Index
0.4498*
Poverty Rate
15.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov