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Bibb County, Alabama, has an annual GDP of approximately 558.8 million dollars, with a GDP per capita of 25,116 dollars, significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county experienced a GDP growth rate of -2.1% in the last year, contrasting with Alabama's growth rate of 1.7% and the national rate of 1.9%. Despite this downturn, Bibb County's GDP growth rate over the past 13 years has been a positive 2.08%. The county's economy is characterized by a strong goods-producing sector, contributing 31.6% to its GDP, which is higher than the state average of 22.2%. However, the service sector's contribution of 49.2% is below the state average of 62.3%, indicating potential for growth in service-oriented industries. Overall, Bibb County's economic performance highlights challenges compared to both state and national levels, particularly in per capita income and recent growth trends.
Bibb County, AL, exhibits a notably low employment rate of 55.7% for individuals aged 20-64, significantly trailing behind the state average of 68.7% and the national average of 73.8%. The county's employment rate for high school graduates is particularly concerning at just 49.6%, compared to Alabama's 63.3% and the national figure of 67.9%. Additionally, the employment rate for Black residents in Bibb County is only 31.4%, which is substantially lower than Alabama's 52.5% and the national average of 57.2%. While the county's employment rate for those with a bachelor's degree (81%) aligns closely with state and national figures, the overall workforce participation challenges highlight a pressing need for economic development initiatives. Compared to neighboring counties like Jefferson and Madison, which have higher employment rates, Bibb County's figures suggest a need for targeted interventions to boost local employment opportunities.
Bibb County, AL, exhibits a mean household income of $50,669 and a median household income of $65,131, both significantly lower than the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $24,966, which is also below the state average of $33,344. Notably, 24.4% of households earn less than $20,000, a stark contrast to the state rate of 16.6%. In comparison to neighboring counties, Bibb County's income levels are among the lowest, with only Mobile County showing a lower mean household income. The income inequality, as indicated by the Gini index of 0.4553, suggests a relatively balanced income distribution compared to the state average of 0.4797. This data highlights the economic challenges faced by Bibb County, emphasizing the need for targeted economic development initiatives.