LotsCap

Economy Profile

Pike County

  • Alabama State
  • October, 2024
TSAC-CFD-01109

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 1893725
AVG Real Growth (2017-2022)
2.44 %
Unemployment Rate (May, 2024)
3.7 %
Labor Force Size
15966
Number of Businesses
798
Average Annual Wage
$ 48769

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1893725
GDP Per Capita
$ 57391
GDP Growth Rate (2022)
2.6 %
Average Growth Rate (2017-2022)
2.44 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
15%
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
15966
Labor Force Growth
0.29%
Unemployment
587
Unemployment Rate
3.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.4%
Employment Rate (with Bachelor's Degree)
78.6%
Employment Rate (75+ y.o.)
8.8%
Employment Rate (Black)
48.7%
Employment Rate (Female)
59.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
798
Number of Employment
15356
Annual Average Wages
$ 48769
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56941
Service-providing (avg pay)
$ 44138
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 42616
Household Income (Median)
$ 67849
Per Capita Income
$ 26685
Per Capita Income Growth (2010-2022)
40.4 %
Gini Index
0.5191*
Poverty Rate
23.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov