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Crawford County, Arkansas, has an annual GDP of approximately 2.15 billion dollars, with a GDP per capita of 35,457 dollars. The county's GDP growth rate over the past year stands at 1%, which is below the state average of 1.3% and significantly lower than the national average of 1.9%. Over the past 13 years, Crawford County's compound annual growth rate (CAGR) is 0.64%, indicating sluggish economic growth compared to the state's 2.12%. Notably, the goods-producing sector contributes 28.2% to the county's GDP, which is higher than the state average of 22%, suggesting a stronger manufacturing base. However, the service sector's contribution is lower than the state average of 66.3%, indicating potential areas for growth in service-oriented industries. Overall, Crawford County's economic performance reflects challenges in growth relative to both state and national trends.
Crawford County, AR, exhibits an employment rate of 64.2% for individuals aged 20-64, which is notably lower than the state average of 69.3% and significantly below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 81.3%, slightly below the state rate of 83.5% and the national rate of 84.3%. Additionally, the high school graduate employment rate in Crawford County is 60.4%, again trailing behind Arkansas's 63.4%. The county's employment rate for seniors (75+) is relatively high at 11.4%, indicating a potentially active older workforce. Compared to neighboring counties like Benton (79%) and Washington (74.1%), Crawford County faces challenges in employment, suggesting a need for targeted economic development strategies to enhance job opportunities and workforce participation.
Crawford County, AR, exhibits a mean household income of $56,702 and a median household income of $74,478, which are slightly below the state averages of $56,335 and $79,592, respectively. The county's income per capita stands at $28,920, indicating a lower economic output per individual compared to the state average of $31,868. Notably, Crawford County has a relatively low income inequality, as reflected by its Gini index of 0.4445, which is better than the state average of 0.4821. In terms of income distribution, 9.5% of households earn over $200,000, while 13.1% earn less than $20,000, suggesting a moderate economic stratification. Compared to neighboring counties like Benton and Washington, Crawford County's income levels are lower, highlighting the need for economic development initiatives to enhance local prosperity.