LotsCap

Economy Profile

Drew County

  • Arkansas State
  • October, 2024
TSAC-CFD-05043

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 757290
AVG Real Growth (2017-2022)
-0.34 %
Unemployment Rate (May, 2024)
5.2 %
Labor Force Size
7149
Number of Businesses
523
Average Annual Wage
$ 43016

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 757290
GDP Per Capita
$ 43751
GDP Growth Rate (2022)
-1.2 %
Average Growth Rate (2017-2022)
-0.34 %
Goods Producing Contribution (%)
37.4%
Service Providing Contribution (%)
42.3%
Goverment Contribution
20.3%
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
7149
Labor Force Growth
0.21%
Unemployment
369
Unemployment Rate
5.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
68.5%
Employment Rate (with Bachelor's Degree)
85.8%
Employment Rate (75+ y.o.)
3.8%
Employment Rate (Black)
38.9%
Employment Rate (Female)
63.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
523
Number of Employment
6381
Annual Average Wages
$ 43016
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 50909
Service-providing (avg pay)
$ 37802
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 44968
Household Income (Median)
$ 66829
Per Capita Income
$ 27349
Per Capita Income Growth (2010-2022)
44.7 %
Gini Index
0.4952*
Poverty Rate
21.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov