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Escambia County, Alabama, has an annual GDP of approximately 1.48 billion dollars, with a GDP per capita of about 40,260 dollars. The county's GDP growth rate over the last year has been negative at -0.9%, reflecting ongoing economic challenges, and a compound annual growth rate (CAGR) of -1.28% over the past 13 years indicates a long-term decline. In comparison to Alabama's overall GDP per capita of 55,999 dollars and a state GDP growth rate of 1.7%, Escambia County lags significantly. Notably, the county's goods-producing sector contributes 32.2% to its GDP, which is higher than the state average of 22.2%, while the service sector's contribution is lower than the state average of 62.3%. This suggests a reliance on manufacturing and agriculture, but the overall economic performance remains weak compared to both state and national trends.
Escambia County, AL, exhibits significant challenges in employment compared to both state and national averages. With an employment rate of 55% for individuals aged 20-64, it falls well below Alabama's average of 68.7% and the national rate of 73.8%. The county's employment rate for high school graduates is particularly low at 49.2%, compared to Alabama's 63.3% and the national average of 67.9%. Additionally, the employment rate for Black residents in Escambia County is only 38.5%, significantly lower than Alabama's 52.5% and the national average of 57.2%. This disparity highlights the need for targeted economic development initiatives in Escambia County to improve job opportunities and educational outcomes, especially for marginalized communities.
Escambia County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $41,153 and a median household income of $55,542, it falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $21,758 is also notably lower than the state average of $33,344. Furthermore, Escambia County has a higher percentage of households earning less than $20,000 (25.2%) compared to the state (16.6%) and the nation (12.1%). This disparity highlights the economic struggles within the county, which ranks among the lowest in Alabama, indicating a need for targeted economic development initiatives to improve income levels and reduce poverty.