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Economy Profile

Chicot County

  • Arkansas State
  • October, 2024
TSAC-CFD-05017

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 324527
AVG Real Growth (2017-2022)
-1.34 %
Unemployment Rate (May, 2024)
6.8 %
Labor Force Size
2895
Number of Businesses
376
Average Annual Wage
$ 42502

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 324527
GDP Per Capita
$ 31711
GDP Growth Rate (2022)
-18.1 %
Average Growth Rate (2017-2022)
-1.34 %
Goods Producing Contribution (%)
19.8%
Service Providing Contribution (%)
61.1%
Goverment Contribution
19.1%
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
2895
Labor Force Growth
-1.7%
Unemployment
196
Unemployment Rate
6.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
52%
Employment Rate (with Bachelor's Degree)
76.5%
Employment Rate (75+ y.o.)
5.1%
Employment Rate (Black)
39.4%
Employment Rate (Female)
58%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
376
Number of Employment
2730
Annual Average Wages
$ 42502
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 54004
Service-providing (avg pay)
$ 40236
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 36593
Household Income (Median)
$ 61443
Per Capita Income
$ 24156
Per Capita Income Growth (2010-2022)
64.7 %
Gini Index
0.5559*
Poverty Rate
27.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov