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Economy Profile

Chambers County

  • Alabama State
  • October, 2024
TSAC-CFD-01017

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1031827
AVG Real Growth (2017-2022)
0.58 %
Unemployment Rate (May, 2024)
3.3 %
Labor Force Size
16700
Number of Businesses
768
Average Annual Wage
$ 49103

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1031827
GDP Per Capita
$ 29811
GDP Growth Rate (2022)
2.6 %
Average Growth Rate (2017-2022)
0.58 %
Goods Producing Contribution (%)
38.8%
Service Providing Contribution (%)
46%
Goverment Contribution
15.2%
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
16700
Labor Force Growth
2.61%
Unemployment
549
Unemployment Rate
3.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.7%
Employment Rate (with Bachelor's Degree)
86.9%
Employment Rate (75+ y.o.)
1.9%
Employment Rate (Black)
53.9%
Employment Rate (Female)
65.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
768
Number of Employment
8705
Annual Average Wages
$ 49103
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 64903
Service-providing (avg pay)
$ 37168
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 48805
Household Income (Median)
$ 64377
Per Capita Income
$ 27006
Per Capita Income Growth (2010-2022)
62.4 %
Gini Index
0.4371*
Poverty Rate
17.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov