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Economy Profile

Desha County

  • Arkansas State
  • October, 2024
TSAC-CFD-05041

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 666247
AVG Real Growth (2017-2022)
-0.12 %
Unemployment Rate (May, 2024)
6.9 %
Labor Force Size
4829
Number of Businesses
452
Average Annual Wage
$ 46517

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 666247
GDP Per Capita
$ 59038
GDP Growth Rate (2022)
-9.9 %
Average Growth Rate (2017-2022)
-0.12 %
Goods Producing Contribution (%)
41.4%
Service Providing Contribution (%)
48.4%
Goverment Contribution
10.2%
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
4829
Labor Force Growth
-2.72%
Unemployment
332
Unemployment Rate
6.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
60%
Employment Rate (with Bachelor's Degree)
86.8%
Employment Rate (75+ y.o.)
6%
Employment Rate (Black)
43.8%
Employment Rate (Female)
53.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
452
Number of Employment
4397
Annual Average Wages
$ 46517
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 60752
Service-providing (avg pay)
$ 37713
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 38067
Household Income (Median)
$ 51673
Per Capita Income
$ 21588
Per Capita Income Growth (2010-2022)
22.8 %
Gini Index
0.4552*
Poverty Rate
27.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov