LotsCap

Economy Profile

Cleveland County

  • Arkansas State
  • October, 2024
TSAC-CFD-05025

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 213825
AVG Real Growth (2017-2022)
3.76 %
Unemployment Rate (May, 2024)
4.5 %
Labor Force Size
3118
Number of Businesses
127
Average Annual Wage
$ 44507

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 213825
GDP Per Capita
$ 28329
GDP Growth Rate (2022)
19.5 %
Average Growth Rate (2017-2022)
3.76 %
Goods Producing Contribution (%)
60.8%
Service Providing Contribution (%)
28.5%
Goverment Contribution
10.7%
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
3118
Labor Force Growth
0.87%
Unemployment
139
Unemployment Rate
4.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
65.4%
Employment Rate (with Bachelor's Degree)
79.5%
Employment Rate (75+ y.o.)
0.8%
Employment Rate (Black)
52.3%
Employment Rate (Female)
62%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
127
Number of Employment
1082
Annual Average Wages
$ 44507
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 53622
Service-providing (avg pay)
$ 40874
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 48913
Household Income (Median)
$ 68293
Per Capita Income
$ 26479
Per Capita Income Growth (2010-2022)
35.9 %
Gini Index
0.4511*
Poverty Rate
13.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov