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Lincoln County, Arkansas, presents a challenging economic landscape, with an annual GDP of approximately 322 million dollars and a GDP per capita of about 24,772 dollars, significantly lower than the state average of 54,988 dollars and the national average of 77,754 dollars. The county's GDP growth rate has declined sharply by 6.9% over the last year, contrasting with Arkansas's modest growth of 1.3% and the national rate of 1.9%. Notably, Lincoln County has a high goods-producing GDP contribution of 35.2%, which is above the state average of 22%, indicating a strong industrial base. However, the heavy reliance on goods production, coupled with a substantial government contribution of 28.7%, suggests potential vulnerabilities in economic diversification compared to more prosperous counties like Pulaski and Benton, which have higher GDPs and growth rates.
Lincoln County, AR, exhibits significantly lower employment rates compared to both state and national averages. With an employment rate of just 34.8% for individuals aged 20-64, it starkly contrasts with Arkansas's rate of 69.3% and the national average of 73.8%. The county's employment rate for high school graduates is particularly concerning at 24.9%, far below Arkansas's 63.4% and the national figure of 67.9%. Additionally, the employment rate for Black residents in Lincoln County is alarmingly low at 10.5%, compared to 52.1% statewide and 57.2% nationally. This data suggests that Lincoln County faces significant economic challenges, particularly in workforce participation and educational attainment, which may hinder its economic development compared to more prosperous counties in Arkansas like Benton and Saline, where employment rates are notably higher.
Lincoln County, AR exhibits significant economic challenges compared to both state and national averages. With a mean household income of $50,526 and a median household income of $68,575, Lincoln County falls below the Arkansas state averages of $56,335 and $79,592, respectively. The county's income per capita is notably low at $18,191, which is substantially less than the state average of $31,868 and the national average of $41,261. Additionally, 21.2% of households earn less than $20,000, indicating a higher level of economic distress compared to the state’s 16.3%. While the income inequality, as measured by the Gini index, is relatively moderate at 0.4713, the economic landscape suggests a need for targeted interventions to improve income levels and reduce poverty in Lincoln County.