LotsCap

Economy Profile

Hot Spring County

  • Arkansas State
  • October, 2024
TSAC-CFD-05059

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1490917
AVG Real Growth (2017-2022)
2.2 %
Unemployment Rate (May, 2024)
4.4 %
Labor Force Size
14132
Number of Businesses
615
Average Annual Wage
$ 45857

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1490917
GDP Per Capita
$ 45003
GDP Growth Rate (2022)
11.2 %
Average Growth Rate (2017-2022)
2.2 %
Goods Producing Contribution (%)
26.4%
Service Providing Contribution (%)
63.7%
Goverment Contribution
9.9%
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
14132
Labor Force Growth
1.21%
Unemployment
623
Unemployment Rate
4.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59%
Employment Rate (with Bachelor's Degree)
74.9%
Employment Rate (75+ y.o.)
5.7%
Employment Rate (Black)
36.4%
Employment Rate (Female)
63.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
615
Number of Employment
8103
Annual Average Wages
$ 45857
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56726
Service-providing (avg pay)
$ 42852
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 50260
Household Income (Median)
$ 65891
Per Capita Income
$ 25486
Per Capita Income Growth (2010-2022)
39.7 %
Gini Index
0.4379*
Poverty Rate
19.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov