LotsCap

Economy Profile

Little River County

  • Arkansas State
  • October, 2024
TSAC-CFD-05081

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 606927
AVG Real Growth (2017-2022)
0.26 %
Unemployment Rate (May, 2024)
4 %
Labor Force Size
5341
Number of Businesses
231
Average Annual Wage
$ 58108

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 606927
GDP Per Capita
$ 50476
GDP Growth Rate (2022)
0.6 %
Average Growth Rate (2017-2022)
0.26 %
Goods Producing Contribution (%)
57.1%
Service Providing Contribution (%)
33%
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
5341
Labor Force Growth
1.04%
Unemployment
214
Unemployment Rate
4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.5%
Employment Rate (with Bachelor's Degree)
84.6%
Employment Rate (75+ y.o.)
5.7%
Employment Rate (Black)
50.5%
Employment Rate (Female)
66.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
231
Number of Employment
3040
Annual Average Wages
$ 58108
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 97189
Service-providing (avg pay)
$ 33735
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 58627
Household Income (Median)
$ 71108
Per Capita Income
$ 28764
Per Capita Income Growth (2010-2022)
52.9 %
Gini Index
0.4101*
Poverty Rate
11.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov