LotsCap

Economy Profile

Logan County

  • Arkansas State
  • October, 2024
TSAC-CFD-05083

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 617432
AVG Real Growth (2017-2022)
-0.12 %
Unemployment Rate (May, 2024)
4.6 %
Labor Force Size
8273
Number of Businesses
465
Average Annual Wage
$ 39495

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 617432
GDP Per Capita
$ 29060
GDP Growth Rate (2022)
7.9 %
Average Growth Rate (2017-2022)
-0.12 %
Goods Producing Contribution (%)
40.6%
Service Providing Contribution (%)
43.9%
Goverment Contribution
15.5%
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
8273
Labor Force Growth
0.44%
Unemployment
383
Unemployment Rate
4.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
70.1%
Employment Rate (with Bachelor's Degree)
83.3%
Employment Rate (75+ y.o.)
5.1%
Employment Rate (Black)
45.4%
Employment Rate (Female)
64.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
465
Number of Employment
5177
Annual Average Wages
$ 39495
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 45985
Service-providing (avg pay)
$ 36375
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 51131
Household Income (Median)
$ 70242
Per Capita Income
$ 28495
Per Capita Income Growth (2010-2022)
49 %
Gini Index
0.4486*
Poverty Rate
14.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov