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Economy Profile

Perry County

  • Alabama State
  • October, 2024
TSAC-CFD-01105

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 202168
AVG Real Growth (2017-2022)
-4.56 %
Unemployment Rate (May, 2024)
7 %
Labor Force Size
3087
Number of Businesses
175
Average Annual Wage
$ 40185

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 202168
GDP Per Capita
$ 23843
GDP Growth Rate (2022)
-11.1 %
Average Growth Rate (2017-2022)
-4.56 %
Goods Producing Contribution (%)
29.7%
Service Providing Contribution (%)
50.6%
Goverment Contribution
19.7%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
3087
Labor Force Growth
2.66%
Unemployment
216
Unemployment Rate
7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
49.8%
Employment Rate (with Bachelor's Degree)
77.2%
Employment Rate (75+ y.o.)
5.4%
Employment Rate (Black)
32.3%
Employment Rate (Female)
49.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
175
Number of Employment
1772
Annual Average Wages
$ 40185
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 46359
Service-providing (avg pay)
$ 37419
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 32332
Household Income (Median)
$ 41226
Per Capita Income
$ 16581
Per Capita Income Growth (2010-2022)
23.4 %
Gini Index
0.3953*
Poverty Rate
32.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov