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Logan County, Arkansas, exhibits a notable annual GDP of approximately 617 million dollars, with a GDP per capita of about 29,060 dollars. The county's GDP growth rate for the last year stands at an impressive 7.9%, significantly outpacing the state growth rate of 1.3% and the national rate of 1.9%. However, over the past 13 years, Logan County has experienced a slight decline in growth at a CAGR of -0.12%. The county's economy is heavily reliant on goods-producing sectors, contributing 40.6% to its GDP, which is higher than the state average of 22%. In comparison to other counties in Arkansas, Logan County's GDP per capita is lower than that of Pulaski and Benton counties, indicating room for economic improvement. Overall, while Logan County shows strong recent growth, its long-term trends suggest challenges that need addressing to sustain this momentum.
Logan County, AR exhibits an employment rate of 70.1% for individuals aged 20-64, which is slightly above the state average of 69.3% but below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 83.3%, aligning closely with the state rate of 83.5% and indicating a strong educational impact on employment. However, the county's employment rate for high school graduates (66.5%) is notably higher than the state average of 63.4%, suggesting better job opportunities for this demographic. Comparatively, Logan County's employment rates for Black individuals (45.4%) and females (64.2%) are lower than both state and national averages, highlighting potential areas for improvement in workforce inclusivity and support. Overall, while Logan County shows promising employment figures, it still faces challenges in certain demographics compared to its peers in Arkansas.
Logan County, AR, exhibits a Mean Household Income of $51,131 and a Median Household Income of $70,242, which are below the state averages of $56,335 and $79,592, respectively. The region's Income Per Capita stands at $28,495, also trailing behind the state figure of $31,868. Notably, Logan County has a Gini index of 0.4486, indicating a relatively lower income inequality compared to the state average of 0.4821. While 8.4% of households earn over $200K, this is slightly above the state average of 8.6%. In comparison to nearby counties, Logan County's income levels are lower than those in Pulaski and Benton Counties, highlighting economic challenges that may stem from limited job opportunities and lower industrial diversity. Overall, Logan County reflects the broader economic struggles faced by many rural areas in Arkansas.