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Economy Profile

Bullock County

  • Alabama State
  • October, 2024
TSAC-CFD-01011

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 294277
AVG Real Growth (2017-2022)
0.26 %
Unemployment Rate (May, 2024)
3.9 %
Labor Force Size
4673
Number of Businesses
211
Average Annual Wage
$ 48141

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 294277
GDP Per Capita
$ 28493
GDP Growth Rate (2022)
-4.2 %
Average Growth Rate (2017-2022)
0.26 %
Goods Producing Contribution (%)
35.8%
Service Providing Contribution (%)
47.4%
Goverment Contribution
16.8%
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
4673
Labor Force Growth
2.43%
Unemployment
183
Unemployment Rate
3.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
57.9%
Employment Rate (with Bachelor's Degree)
84.7%
Employment Rate (75+ y.o.)
4.4%
Employment Rate (Black)
37.9%
Employment Rate (Female)
61.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
211
Number of Employment
2739
Annual Average Wages
$ 48141
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 48076
Service-providing (avg pay)
$ 45545
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 36136
Household Income (Median)
$ 52269
Per Capita Income
$ 22115
Per Capita Income Growth (2010-2022)
9 %
Gini Index
0.5058*
Poverty Rate
27.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov