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Wilcox County, Alabama, presents a stark contrast to both state and national economic indicators. With an annual GDP of approximately 381 million dollars and a GDP per capita of 36,471 dollars, it significantly lags behind Alabama's average GDP per capita of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate has plummeted by 10.4% over the last year, reflecting a troubling trend with a compound annual growth rate (CAGR) of -5.82% over the past 13 years. In comparison, Alabama's GDP growth rate was 1.7% last year, and the national rate was 1.9%. Notably, Wilcox County's economy is heavily reliant on goods production, contributing 46.4% to its GDP, which is significantly higher than the state’s 22.2% and the national average of 17.4%. This reliance on goods production, coupled with declining growth, suggests underlying economic challenges that may require targeted interventions to stimulate recovery and growth.
Wilcox County, AL, exhibits a notably low employment rate of 52.6% for individuals aged 20-64, significantly trailing behind the state average of 68.7% and the national average of 73.8%. This disparity highlights the county's economic challenges, particularly in comparison to nearby counties like Jefferson (71.8%) and Madison (74.4%). While the employment rate for those with a Bachelor's degree is relatively high at 81.8%, the overall workforce participation is hindered by a low rate of 44.1% for high school graduates, indicating potential barriers in education and job readiness. Additionally, the employment rate for Black residents at 37.7% is concerning, reflecting broader systemic issues. Overall, Wilcox County's economic landscape suggests a need for targeted interventions to improve employment opportunities and educational outcomes.
Wilcox County, AL exhibits significant economic challenges compared to both state and national averages. With a mean household income of $38,208 and a median household income of $50,522, it falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $20,442 is also notably lower than the state’s $33,344. Furthermore, a staggering 28.1% of households earn less than $20,000, which is the highest percentage among the counties compared, indicating a high level of economic distress. In contrast, the national mean household income stands at $75,149, highlighting the disparity. This data suggests that Wilcox County faces significant socioeconomic hurdles, necessitating targeted interventions to improve income levels and overall economic health.