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Clark County, Arkansas, with an annual GDP of approximately 973 million dollars and a GDP per capita of 45,322 dollars, is experiencing economic challenges, evidenced by a GDP growth rate of -3.5% over the last year and a compound annual growth rate (CAGR) of -0.66% over the past 13 years. This decline contrasts sharply with the state of Arkansas, which has a GDP growth rate of 1.3% and a per capita GDP of 54,988 dollars. Notably, Clark County's goods-producing sector contributes a significant 33.9% to its GDP, higher than the state average of 22%, indicating a reliance on manufacturing and agriculture. However, this reliance may also expose the county to economic volatility. Compared to neighboring counties like Pulaski and Benton, which have higher GDPs and growth rates, Clark County's economic performance highlights the need for strategic initiatives to stimulate growth and diversification.
Clark County, AR, exhibits an employment rate of 68.6% for individuals aged 20-64, which is slightly below the Arkansas state average of 69.3% and significantly lower than the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 81.7%, aligning closely with the state average of 83.5% but trailing the national figure of 84.3%. Notably, Clark County has a higher employment rate for high school graduates (70.6%) compared to the state (63.4%), indicating a strong local labor market for those with basic education. However, the county's employment rate for Black individuals (49%) is notably lower than both the state (52.1%) and national averages (57.2%), highlighting potential disparities in employment opportunities. Overall, while Clark County shows strengths in educational attainment, it faces challenges in overall employment rates compared to both state and national benchmarks.
Clark County, AR, exhibits a mean household income of $48,071 and a median household income of $63,424, both significantly lower than the state averages of $56,335 and $79,592, respectively. The county's income per capita stands at $24,532, which is also below the state average of $31,868. Notably, 19.3% of households earn less than $20,000, indicating a higher level of economic distress compared to the state average of 16.3%. In comparison to neighboring counties, Clark County's income levels are among the lowest, with only a few counties like Jefferson and Miller 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.