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Economy Profile

Blount County

  • Alabama State
  • October, 2024
TSAC-CFD-01009

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1282006
AVG Real Growth (2017-2022)
1.46 %
Unemployment Rate (May, 2024)
2.8 %
Labor Force Size
26444
Number of Businesses
932
Average Annual Wage
$ 43679

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1282006
GDP Per Capita
$ 21701
GDP Growth Rate (2022)
2 %
Average Growth Rate (2017-2022)
1.46 %
Goods Producing Contribution (%)
27.8%
Service Providing Contribution (%)
57.3%
Goverment Contribution
14.9%
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
26444
Labor Force Growth
1.52%
Unemployment
734
Unemployment Rate
2.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
66.4%
Employment Rate (with Bachelor's Degree)
78%
Employment Rate (75+ y.o.)
4.2%
Employment Rate (Black)
35%
Employment Rate (Female)
60.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
932
Number of Employment
8857
Annual Average Wages
$ 43679
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51486
Service-providing (avg pay)
$ 40334
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 57440
Household Income (Median)
$ 75954
Per Capita Income
$ 29053
Per Capita Income Growth (2010-2022)
37.9 %
Gini Index
0.4475*
Poverty Rate
14.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov