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Winston County, Alabama, has an annual GDP of approximately 1.13 billion dollars, with a GDP per capita of 47,842 dollars. The county's GDP growth rate over the past year is modest at 0.4%, but it has experienced a compound annual growth rate (CAGR) of 2.5% over the last 13 years, indicating a steady long-term growth trend. Notably, Winston County has a high goods-producing GDP contribution of 47.4%, significantly above the state average of 22.2% and the national average of 17.4%. This suggests a strong manufacturing or agricultural base compared to other counties in Alabama, such as Jefferson County, which has a more service-oriented economy. Overall, while Winston County's recent growth is slower than some neighboring counties, its robust goods-producing sector positions it uniquely within the state.
Winston County, AL, exhibits an employment rate of 65.9% for individuals aged 20-64, which is notably lower than the state average of 68.7% and significantly below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 79%, slightly below Alabama's 82.6% but comparable to the national figure of 84.3%. Additionally, Winston County's high school graduate employment rate is 61.8%, trailing behind the state (63.3%) and national averages (67.9%). The county's employment rate for Black individuals is relatively high at 64.6%, surpassing both the state (52.5%) and national (57.2%) averages. Overall, while Winston County shows strengths in educational attainment, it faces challenges in overall employment rates compared to both state and national benchmarks.
Winston County, AL, exhibits a mean household income of $49,494 and a median household income of $66,201, both significantly lower than the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $26,933, which is also below the state average of $33,344. Notably, 17.9% of households earn less than $20,000, indicating a higher level of economic distress compared to the state average of 16.6%. In comparison to neighboring counties, Winston County's income levels are among the lowest, with only DeKalb County showing lower figures. This economic landscape suggests challenges in job opportunities and income growth, highlighting the need for targeted economic development initiatives to improve living standards in the region.