Economy Profile
Izard County
- Arkansas State
- October, 2024
TSAC-CFD-05065
Snapshot
-
GDP (2022, Thousands)
$ 360,844
AVG Real Growth (2017-2022)
0.68 %
Unemployment Rate (May, 2024)
5.8 %
Labor Force Size
4,625
Number of Businesses
261
Average Annual Wage
$ 40,240
Economy Structure
Population & Household section gives reader an outlook. of general population profile, structure, and outlook.
GDP
GDP (2022, Thousands)
$ 360,844
GDP Per Capita
$ 26,247
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
4,625
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
2,862
Annual Average Wages
$ 40,240
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 52,676
Service-providing (avg pay)
$ 36,333
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS
Income
Household Income (Mean)
$ 46,159
Household Income (Median)
$ 64,670
Per Capita Income
$ 25,331
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