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Conway County, Arkansas, has an annual GDP of approximately 982.6 million dollars and a GDP per capita of 47,282 dollars, reflecting a modest economic scale compared to larger counties in the state. The county's GDP growth rate over the past year stands at 1.1%, slightly below the state average of 1.3% and significantly lower than the national rate of 1.9%. Notably, Conway County has a high goods-producing GDP contribution of 41.3%, which is considerably above the state average of 22% and indicates a strong manufacturing or agricultural base. In contrast, the service sector contributes 45.5% to the GDP, which is lower than the state average of 66.3%. Overall, while Conway County shows resilience in its goods-producing sector, it lags behind in overall economic growth compared to both state and national trends.
Conway County, AR exhibits an employment rate of 68.3% for individuals aged 20-64, which is slightly below the Arkansas state average of 69.3% and significantly lower than the national average of 73.8%. However, the county's employment rate for those with a Bachelor's degree (84.4%) aligns closely with the state (83.5%) and is just below the national figure (84.3%). Notably, Conway County's employment rate for high school graduates (65.8%) surpasses the state average (63.4%) but remains below the national average (67.9%). The county's employment rate for Black individuals (61%) is higher than the state average (52.1%), indicating a relatively better employment landscape for this demographic. Overall, while Conway County shows strengths in educational attainment, it still faces challenges in overall employment compared to both state and national levels.
Conway County, AR, exhibits a Mean Household Income of $50,282 and a Median Household Income of $68,736, both of which are significantly lower than the state averages of $56,335 and $79,592, respectively. The county's Income Per Capita stands at $28,694, which is also below the state figure of $31,868. Notably, 19.2% of households earn less than $20,000, indicating a higher level of economic distress compared to the state average of 16.3%. In terms of income inequality, Conway County's Gini index of 0.4697 is slightly better than the state average of 0.4821, suggesting a more equitable income distribution relative to other counties. Overall, Conway County faces economic challenges, particularly in household income levels, compared to both state and national benchmarks.