LotsCap

Economy Profile

Izard County

  • Arkansas State
  • October, 2024
TSAC-CFD-05065

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 360844
AVG Real Growth (2017-2022)
0.68 %
Unemployment Rate (May, 2024)
5.8 %
Labor Force Size
4625
Number of Businesses
261
Average Annual Wage
$ 40240

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 360844
GDP Per Capita
$ 26247
GDP Growth Rate (2022)
3.8 %
Average Growth Rate (2017-2022)
0.68 %
Goods Producing Contribution (%)
21.6%
Service Providing Contribution (%)
58.5%
Goverment Contribution
19.9%
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
4625
Labor Force Growth
5.76%
Unemployment
270
Unemployment Rate
5.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
50.3%
Employment Rate (with Bachelor's Degree)
64.2%
Employment Rate (75+ y.o.)
1.2%
Employment Rate (Black)
2%
Employment Rate (Female)
51%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
261
Number of Employment
2862
Annual Average Wages
$ 40240
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 52676
Service-providing (avg pay)
$ 36333
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 46159
Household Income (Median)
$ 64670
Per Capita Income
$ 25331
Per Capita Income Growth (2010-2022)
42.8 %
Gini Index
0.4908*
Poverty Rate
19.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov