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Economy Profile

Ashley County

  • Arkansas State
  • October, 2024
TSAC-CFD-05003

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 927001
AVG Real Growth (2017-2022)
-1.58 %
Unemployment Rate (May, 2024)
6.7 %
Labor Force Size
6728
Number of Businesses
512
Average Annual Wage
$ 48767

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 927001
GDP Per Capita
$ 48743
GDP Growth Rate (2022)
0.6 %
Average Growth Rate (2017-2022)
-1.58 %
Goods Producing Contribution (%)
50.2%
Service Providing Contribution (%)
42.1%
Goverment Contribution
7.7%
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
6728
Labor Force Growth
5.26%
Unemployment
453
Unemployment Rate
6.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59.8%
Employment Rate (with Bachelor's Degree)
87.1%
Employment Rate (75+ y.o.)
2.2%
Employment Rate (Black)
40.9%
Employment Rate (Female)
57.3%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
512
Number of Employment
5690
Annual Average Wages
$ 48767
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 67240
Service-providing (avg pay)
$ 39484
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 44804
Household Income (Median)
$ 64449
Per Capita Income
$ 25568
Per Capita Income Growth (2010-2022)
36.2 %
Gini Index
0.5126*
Poverty Rate
23.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov