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Economy Profile

Oconee County

  • Georgia State
  • October, 2024
TSAC-CFD-13219

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 2023520
AVG Real Growth (2017-2022)
4.82 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
21023
Number of Businesses
1545
Average Annual Wage
$ 48496

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 2023520
GDP Per Capita
$ 48204
GDP Growth Rate (2022)
2.7 %
Average Growth Rate (2017-2022)
4.82 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
7.3%
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
21023
Labor Force Growth
4.3%
Unemployment
642
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
78.3%
Employment Rate (with Bachelor's Degree)
83.1%
Employment Rate (75+ y.o.)
5%
Employment Rate (Black)
63.1%
Employment Rate (Female)
70.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1545
Number of Employment
14617
Annual Average Wages
$ 48496
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 59086
Service-providing (avg pay)
$ 46646
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 116221
Household Income (Median)
$ 156856
Per Capita Income
$ 53848
Per Capita Income Growth (2010-2022)
57.1 %
Gini Index
0.4582*
Poverty Rate
4.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov