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Economy Profile

Arkansas County

  • Arkansas State
  • October, 2024
TSAC-CFD-05001

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1271852
AVG Real Growth (2017-2022)
1.32 %
Unemployment Rate (May, 2024)
3.4 %
Labor Force Size
8802
Number of Businesses
943
Average Annual Wage
$ 50261

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1271852
GDP Per Capita
$ 74709
GDP Growth Rate (2022)
-10.3 %
Average Growth Rate (2017-2022)
1.32 %
Goods Producing Contribution (%)
41%
Service Providing Contribution (%)
52.2%
Goverment Contribution
6.8%
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
8802
Labor Force Growth
-5.41%
Unemployment
296
Unemployment Rate
3.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.9%
Employment Rate (with Bachelor's Degree)
84.4%
Employment Rate (75+ y.o.)
5.3%
Employment Rate (Black)
46.9%
Employment Rate (Female)
62.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
943
Number of Employment
10319
Annual Average Wages
$ 50261
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51457
Service-providing (avg pay)
$ 50086
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 58695
Household Income (Median)
$ 70590
Per Capita Income
$ 28759
Per Capita Income Growth (2010-2022)
29.9 %
Gini Index
0.4412*
Poverty Rate
16.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov