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Lowndes County, Alabama, has an annual GDP of approximately 488 million dollars, with a GDP per capita of about 48,109 dollars. The county's GDP growth rate for the last year stands at 4%, a notable increase compared to its 13-year compound annual growth rate (CAGR) of -1.46%, indicating a potential recovery or revitalization in its economic activities. The goods-producing sector is a significant contributor, accounting for 55.7% of the GDP, which is considerably higher than the state average of 22.2% and the national average of 17.4%. In comparison to other counties in Alabama, Lowndes County's GDP per capita is lower than counties like Jefferson and Madison, but its recent growth rate suggests a positive trend that could enhance its economic standing in the future.
Lowndes County, AL, exhibits a notably low employment rate of 59.5% for individuals aged 20-64, significantly trailing behind the state average of 68.7% and the national average of 73.8%. While the county's employment rate for those with a Bachelor's degree (81.6%) is relatively competitive, the overall workforce participation is hindered by a low rate among Black residents at 39.1%, compared to Alabama's average of 52.5%. In comparison to nearby counties, such as Jefferson (71.8%) and Mobile (67.1%), Lowndes County's employment challenges highlight systemic issues that may require targeted economic development strategies. The data suggests a need for initiatives aimed at improving job accessibility and educational opportunities to enhance overall employment rates in the region.
Lowndes County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $33,125 and a median household income of $55,548, it falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $23,415 is also notably lower than the state average of $33,344. Furthermore, Lowndes County has a high income inequality, reflected in its Gini index of 0.5197, which is above the state average of 0.4797. Alarmingly, 32.6% of households earn less than $20,000, indicating a substantial portion of the population faces economic hardship. This stark contrast highlights the need for targeted economic development initiatives to improve living standards in Lowndes County.