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DeKalb County, Alabama, has an annual GDP of approximately 2.6 billion dollars, with a GDP per capita of about 36,372 dollars. The county's GDP growth rate for the last year stands at 2.9%, matching the state's growth rate of 1.7% and slightly below the national average of 1.9%. Over the past 13 years, DeKalb County has experienced a compound annual growth rate (CAGR) of 2.2%, which is consistent with the state’s CAGR of 1.72%. Notably, the county's government contribution to GDP is 11.7%, which is lower than the state average of 15.5%. Compared to other counties in Alabama, DeKalb's GDP per capita is on the lower end, indicating potential room for economic development and diversification, especially in goods-producing sectors, which are not detailed in the data provided.
DeKalb County, AL exhibits an employment rate of 68.7% for individuals aged 20-64, aligning with the state average of 68.7% but falling short of the national average of 73.8%. The county's employment rate for those with a Bachelor's degree is 82%, slightly below Alabama's 82.6% and comparable to the rates in nearby counties like Madison (82.6%) and Jefferson (84.4%). Notably, DeKalb County has a higher employment rate for high school graduates (67.6%) than the state average (63.3%), indicating a relatively strong labor market for those with basic education. However, the employment rate for seniors (3.8%) is notably low, suggesting potential challenges for older workers. Overall, while DeKalb County shows some strengths, it remains on par with state averages, indicating room for improvement to match national benchmarks.
DeKalb County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $47,920 and a median household income of $64,545, DeKalb falls below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $24,915 is notably lower than the state average of $33,344, indicating a lower standard of living. Additionally, 20.2% of households earn less than $20,000, which is higher than Alabama's 16.6%. In contrast, counties like Madison and Shelby show much stronger economic indicators, highlighting DeKalb's relative economic isolation within the state. The income inequality, reflected in a Gini index of 0.4555, suggests a more equitable income distribution compared to other counties, but the overall economic landscape remains a concern.