LotsCap

Economy Profile

Clarke County

  • Alabama State
  • October, 2024
TSAC-CFD-01025

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 1058878
AVG Real Growth (2017-2022)
0.1 %
Unemployment Rate (May, 2024)
6.1 %
Labor Force Size
7700
Number of Businesses
763
Average Annual Wage
$ 49782

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1058878
GDP Per Capita
$ 45922
GDP Growth Rate (2022)
-3.3 %
Average Growth Rate (2017-2022)
0.1 %
Goods Producing Contribution (%)
43.5%
Service Providing Contribution (%)
42.9%
Goverment Contribution
13.7%
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
7700
Labor Force Growth
1.78%
Unemployment
469
Unemployment Rate
6.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
55.9%
Employment Rate (with Bachelor's Degree)
77.6%
Employment Rate (75+ y.o.)
6.3%
Employment Rate (Black)
37.1%
Employment Rate (Female)
54.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
763
Number of Employment
8152
Annual Average Wages
$ 49782
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 73473
Service-providing (avg pay)
$ 37152
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 47549
Household Income (Median)
$ 71413
Per Capita Income
$ 29310
Per Capita Income Growth (2010-2022)
68.7 %
Gini Index
0.5290*
Poverty Rate
22.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov