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Dallas County, Arkansas, has an annual GDP of approximately 326 million dollars and a GDP per capita of about 50,314 dollars. However, the county is experiencing economic challenges, evidenced by a significant GDP growth rate decline of 5.5% over the last year, contrasting with the state's growth rate of 1.3%. The county's economy is heavily reliant on goods production, contributing nearly 48% to its GDP, which is notably higher than the state average of 22%. In comparison to other counties in Arkansas, Dallas County's GDP per capita is lower than that of Pulaski and Benton counties, which boast figures of 91,000 and 74,948 dollars, respectively. This suggests that while Dallas County has a strong goods-producing sector, it faces hurdles in overall economic growth and income levels relative to its peers.
Dallas County, AR exhibits an employment rate of 71.2% for individuals aged 20-64, which is slightly above the state average of 69.3% but below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 83.2%, aligning closely with the state rate of 83.5% and indicating a strong educational impact on employment. Notably, the employment rate for high school graduates in Dallas County is 64.5%, which is higher than the state average of 63.4%. The county also shows a commendable female employment rate of 75.2%, surpassing both the state (65.9%) and national (70%) figures. However, the employment rate for Black individuals at 54.3% is lower than both state (52.1%) and national (57.2%) averages, highlighting an area for potential improvement in equity and inclusion in the workforce.
Dallas County, AR, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $40,085 and a median household income of $58,645, it falls well below Arkansas's state averages of $56,335 and $79,592, respectively. The county's income per capita of $26,378 is also notably lower than the state average of $31,868. Furthermore, Dallas County has a high percentage of households earning less than $20,000 (26%), which is considerably higher than the state average of 16.3%. In contrast, the county's income inequality, as indicated by the Gini index of 0.4456, is relatively moderate compared to other counties in Arkansas, suggesting a more equitable income distribution. Overall, Dallas County's economic indicators highlight a need for targeted development initiatives to improve income levels and reduce poverty.