LotsCap

Economy Profile

Orange County

  • California State
  • October, 2024
TSAC-CFD-06059

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 314177082
AVG Real Growth (2017-2022)
2.1 %
Unemployment Rate (May, 2024)
4.4 %
Labor Force Size
1596439
Number of Businesses
141909
Average Annual Wage
$ 77892

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 314177082
GDP Per Capita
$ 98946
GDP Growth Rate (2022)
0.9 %
Average Growth Rate (2017-2022)
2.1 %
Goods Producing Contribution (%)
15.4%
Service Providing Contribution (%)
78%
Goverment Contribution
6.7%
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
1596439
Labor Force Growth
0.25%
Unemployment
70192
Unemployment Rate
4.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
75.6%
Employment Rate (with Bachelor's Degree)
82.5%
Employment Rate (75+ y.o.)
7.3%
Employment Rate (Black)
64.7%
Employment Rate (Female)
69.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
141909
Number of Employment
1645472
Annual Average Wages
$ 77892
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 98917
Service-providing (avg pay)
$ 72414
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 109361
Household Income (Median)
$ 147182
Per Capita Income
$ 50683
Per Capita Income Growth (2010-2022)
49 %
Gini Index
0.4680*
Poverty Rate
9.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov