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Greene County, Arkansas, has an annual GDP of approximately 1.88 billion dollars, with a GDP per capita of about 41,021 dollars. The county's GDP growth rate over the last year was modest at 0.9%, but it has shown a stronger compound annual growth rate (CAGR) of 2.72% over the past 13 years. Notably, Greene County has a significant goods-producing sector, contributing 34.5% to its GDP, which is higher than the state average of 22%. In comparison to other counties in Arkansas, Greene's GDP per capita is lower than Pulaski and Benton counties, which boast figures of 91,000 and 74,948 dollars, respectively. This indicates a potential area for economic development, especially in enhancing service sectors, which currently contribute 56% to the county's economy.
In Greene County, AR, the employment rate for individuals aged 20-64 stands at 67.2%, which is slightly below the state average of 69.3% and significantly lower than the national average of 73.8%. However, the county boasts a high employment rate of 87.6% for those with a bachelor's degree, surpassing both the state (83.5%) and national (84.3%) figures. The high school graduate employment rate in Greene County is 63.1%, also below the state (63.4%) and national (67.9%) averages. Notably, the employment rate for Black individuals in Greene County is 41.9%, which is considerably lower than the state average of 52.1% and the national average of 57.2%. Overall, while Greene County shows strengths in higher education employment, it faces challenges in overall employment rates and racial disparities compared to both state and national benchmarks.
Greene County, AR, exhibits a mean household income of $54,879 and a median household income of $67,548, which are below the state averages of $56,335 and $79,592, respectively. The county's income per capita stands at $26,941, significantly lower than both the state ($31,868) and national averages ($41,261). Greene County has a relatively low income inequality, as indicated by its Gini index of 0.4283, which is better than the state average of 0.4821. However, 17.1% of households earn less than $20,000, a higher percentage compared to the state average of 16.3%. This suggests that while Greene County has a more equitable income distribution, it still faces challenges with lower income levels compared to both state and national benchmarks, indicating potential areas for economic development and support.