LotsCap

Economy Profile

Dale County

  • Alabama State
  • October, 2024
TSAC-CFD-01045

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 3370503
AVG Real Growth (2017-2022)
0.36 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
21620
Number of Businesses
1101
Average Annual Wage
$ 63088

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3370503
GDP Per Capita
$ 68153
GDP Growth Rate (2022)
-0.2 %
Average Growth Rate (2017-2022)
0.36 %
Goods Producing Contribution (%)
24%
Service Providing Contribution (%)
30.5%
Goverment Contribution
45.6%
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
21620
Labor Force Growth
1.47%
Unemployment
673
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
57.8%
Employment Rate (with Bachelor's Degree)
60.5%
Employment Rate (75+ y.o.)
4%
Employment Rate (Black)
48.9%
Employment Rate (Female)
53.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1101
Number of Employment
17991
Annual Average Wages
$ 63088
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 81427
Service-providing (avg pay)
$ 52875
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52813
Household Income (Median)
$ 67432
Per Capita Income
$ 28312
Per Capita Income Growth (2010-2022)
30.3 %
Gini Index
0.4432*
Poverty Rate
17.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov