LotsCap

Economy Profile

Grant County

  • Arkansas State
  • October, 2024
TSAC-CFD-05053

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 518154
AVG Real Growth (2017-2022)
-0.04 %
Unemployment Rate (May, 2024)
3.3 %
Labor Force Size
9092
Number of Businesses
352
Average Annual Wage
$ 51063

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 518154
GDP Per Capita
$ 28751
GDP Growth Rate (2022)
-3.8 %
Average Growth Rate (2017-2022)
-0.04 %
Goods Producing Contribution (%)
42.1%
Service Providing Contribution (%)
45.5%
Goverment Contribution
12.4%
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
9092
Labor Force Growth
3.1%
Unemployment
303
Unemployment Rate
3.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
68.3%
Employment Rate (with Bachelor's Degree)
92.9%
Employment Rate (75+ y.o.)
5.7%
Employment Rate (Black)
17.2%
Employment Rate (Female)
65.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
352
Number of Employment
4293
Annual Average Wages
$ 51063
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 65175
Service-providing (avg pay)
$ 39310
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 68598
Household Income (Median)
$ 88493
Per Capita Income
$ 35170
Per Capita Income Growth (2010-2022)
58.2 %
Gini Index
0.4555*
Poverty Rate
13.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov