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Economy Profile

Barbour County

  • Alabama State
  • October, 2024
TSAC-CFD-01005

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 930064
AVG Real Growth (2017-2022)
-0.42 %
Unemployment Rate (May, 2024)
4.5 %
Labor Force Size
7886
Number of Businesses
591
Average Annual Wage
$ 43719

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 930064
GDP Per Capita
$ 37387
GDP Growth Rate (2022)
-0.3 %
Average Growth Rate (2017-2022)
-0.42 %
Goods Producing Contribution (%)
39.1%
Service Providing Contribution (%)
46.5%
Goverment Contribution
14.4%
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
7886
Labor Force Growth
-1.3%
Unemployment
358
Unemployment Rate
4.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
52.4%
Employment Rate (with Bachelor's Degree)
79%
Employment Rate (75+ y.o.)
2.4%
Employment Rate (Black)
37.5%
Employment Rate (Female)
59.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
591
Number of Employment
7702
Annual Average Wages
$ 43719
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51482
Service-providing (avg pay)
$ 36357
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 39712
Household Income (Median)
$ 60128
Per Capita Income
$ 23378
Per Capita Income Growth (2010-2022)
47.3 %
Gini Index
0.5098*
Poverty Rate
24.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov