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Mobile County, Alabama, has an annual GDP of approximately 26.3 billion dollars, with a GDP per capita of 63,526 dollars, reflecting a robust economic environment. The county's GDP growth rate of 2.4% over the last year outpaces Alabama's overall growth rate of 1.7% and is above the national average of 1.9%. Notably, Mobile County has a higher contribution from goods-producing sectors (27.8%) compared to the state (22.2%) and the nation (17.4%), indicating a strong industrial base. However, its GDP per capita is lower than that of Jefferson County (86,076 dollars) and Madison County (82,902 dollars), suggesting room for improvement in income levels. Overall, Mobile County's economic performance is commendable, particularly in goods production, positioning it favorably within Alabama's economic landscape.
Mobile County, AL exhibits an employment rate of 67.1% for individuals aged 20-64, which is notably lower than the national average of 73.8% and the state average of 68.7%. The county's employment rate for those with a Bachelor's degree stands at 83.6%, slightly below the national figure of 84.3% and comparable to Alabama's 82.6%. Additionally, Mobile County's employment rate for high school graduates is 63%, aligning with the state average but trailing the national average of 67.9%. The employment rate for Black individuals in Mobile County is 50.6%, which is lower than both the state (52.5%) and national (57.2%) averages. Overall, Mobile County faces challenges in employment compared to both state and national benchmarks, indicating potential areas for economic development and workforce improvement.
Mobile County, AL exhibits a mean household income of $55,352 and a median household income of $75,532, both of which are significantly lower than the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $30,482, which is also below the state average of $33,344. Notably, Mobile County has a higher percentage of households earning less than $20,000 (18%) compared to the state average of 16.6%, indicating a greater level of economic distress. In comparison to other counties in Alabama, Mobile County ranks lower in income metrics, with only Calhoun and Etowah counties showing lower mean household incomes. This suggests that Mobile County faces economic challenges that may require targeted interventions to improve income levels and reduce poverty rates.