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Greene County, Alabama, has an annual GDP of approximately 249 million dollars, with a GDP per capita of about 32,343 dollars, which is significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate for the last year stands at 2.8%, which is a positive sign compared to its 13-year compound annual growth rate (CAGR) of -1.62%, indicating a recovery from previous declines. Greene County's economy is characterized by a substantial goods-producing sector, contributing 27.5% to its GDP, which is higher than the state average of 22.2%. However, it lags behind more prosperous counties like Jefferson and Madison, which have GDPs exceeding 32 billion dollars and higher per capita incomes, highlighting the economic challenges and potential for growth in Greene County.
Greene County, AL exhibits significantly lower employment rates compared to both state and national averages. The employment rate for individuals aged 20-64 stands at 54.1%, well below Alabama's 68.7% and the national rate of 73.8%. Furthermore, only 48.3% of high school graduates are employed, compared to Alabama's 63.3% and the national average of 67.9%. The county's employment rate for those with a bachelor's degree is also lower at 72.1%, compared to Alabama's 82.6%. Notably, the employment rate for Black residents in Greene County is just 35.2%, significantly trailing Alabama's 52.5%. These figures highlight the economic challenges faced by Greene County, suggesting a need for targeted interventions to improve employment opportunities and educational outcomes, particularly for marginalized groups.
Greene County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $32,796 and a median household income of $48,095, Greene County's income levels are markedly lower than Alabama's state averages of $59,609 and $82,992, respectively. Furthermore, the county's income per capita stands at $20,862, which is substantially below the state average of $33,344 and the national average of $41,261. A striking 29.2% of households earn less than $20,000, indicating a high level of economic distress, especially when compared to the state average of 16.6%. This data highlights Greene County's struggle with poverty and income inequality, as reflected in its Gini index of 0.4702, which is relatively close to the state average of 0.4797, suggesting a consistent pattern of income disparity within Alabama.