LotsCap

Economy Profile

Columbia County

  • Arkansas State
  • October, 2024
TSAC-CFD-05027

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1251539
AVG Real Growth (2017-2022)
2.62 %
Unemployment Rate (May, 2024)
5.4 %
Labor Force Size
8277
Number of Businesses
637
Average Annual Wage
$ 49672

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1251539
GDP Per Capita
$ 55117
GDP Growth Rate (2022)
3.2 %
Average Growth Rate (2017-2022)
2.62 %
Goods Producing Contribution (%)
54.3%
Service Providing Contribution (%)
35.4%
Goverment Contribution
10.2%
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
8277
Labor Force Growth
1.33%
Unemployment
450
Unemployment Rate
5.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.8%
Employment Rate (with Bachelor's Degree)
82.5%
Employment Rate (75+ y.o.)
6.4%
Employment Rate (Black)
47.3%
Employment Rate (Female)
60.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
637
Number of Employment
8014
Annual Average Wages
$ 49672
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 76348
Service-providing (avg pay)
$ 35200
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 47441
Household Income (Median)
$ 72061
Per Capita Income
$ 27243
Per Capita Income Growth (2010-2022)
35.5 %
Gini Index
0.5224*
Poverty Rate
22.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov