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Perry County, Alabama, exhibits significant economic challenges, with an annual GDP of approximately 202 million dollars and a GDP per capita of just 23,843 dollars, which is notably lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate has plummeted by 11.1% over the last year, contrasting sharply with Alabama's growth rate of 1.7% and the national rate of 1.9%. Over the past 13 years, Perry County has experienced a compound annual growth rate (CAGR) of -4.56%, indicating a persistent economic decline. While goods-producing sectors contribute 29.7% to the GDP, the service sector's contribution of 50.6% reflects a reliance on services, yet this has not been sufficient to foster growth. Comparatively, counties like Jefferson and Madison show robust economic performance, underscoring Perry County's need for strategic economic revitalization.
Perry County, AL exhibits significant challenges in employment compared to both state and national averages. With an employment rate of just 49.8% for individuals aged 20-64, it falls well below Alabama's average of 68.7% and the national average of 73.8%. The county's employment rate for high school graduates (56.1%) and Black residents (32.3%) also lags behind state figures (63.3% and 52.5%, respectively). While the employment rate for those with a bachelor's degree (77.2%) is relatively competitive, it still trails the state average of 82.6%. This disparity highlights the need for targeted economic development initiatives in Perry County to improve job opportunities and workforce participation, particularly among marginalized groups.
Perry County, AL exhibits significant economic challenges compared to both state and national averages. With a mean household income of $32,332 and a median household income of $41,226, it falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $16,581 is markedly lower than the state’s $33,344 and the national average of $41,261. Additionally, Perry County has a high percentage of households earning less than $20,000 (29.4%), which is substantially higher than Alabama's 16.6% and the national figure of 12.1%. The income inequality, indicated by a Gini index of 0.3953, suggests a more equitable income distribution compared to the state (0.4797) and national levels (0.4829). Overall, Perry County's economic indicators highlight a pressing need for development and support to improve living standards.