LotsCap

Economy Profile

Bibb County

  • Alabama State
  • October, 2024
TSAC-CFD-01007

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 558848
AVG Real Growth (2017-2022)
2.08 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
8959
Number of Businesses
433
Average Annual Wage
$ 51268

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 558848
GDP Per Capita
$ 25116
GDP Growth Rate (2022)
-2.1 %
Average Growth Rate (2017-2022)
2.08 %
Goods Producing Contribution (%)
31.6%
Service Providing Contribution (%)
49.2%
Goverment Contribution
19.2%
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
8959
Labor Force Growth
1.39%
Unemployment
282
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
55.7%
Employment Rate (with Bachelor's Degree)
81%
Employment Rate (75+ y.o.)
2.1%
Employment Rate (Black)
31.4%
Employment Rate (Female)
60.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
433
Number of Employment
4815
Annual Average Wages
$ 51268
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 68799
Service-providing (avg pay)
$ 42723
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 50669
Household Income (Median)
$ 65131
Per Capita Income
$ 24966
Per Capita Income Growth (2010-2022)
25.3 %
Gini Index
0.4553*
Poverty Rate
20.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov