LotsCap

Economy Profile

Washington County

  • North Carolina State
  • October, 2024
TSAC-CFD-37187

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 340522
AVG Real Growth (2017-2022)
1.66 %
Unemployment Rate (May, 2024)
4.9 %
Labor Force Size
4249
Number of Businesses
275
Average Annual Wage
$ 46837

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 340522
GDP Per Capita
$ 30814
GDP Growth Rate (2022)
-4.5 %
Average Growth Rate (2017-2022)
1.66 %
Goods Producing Contribution (%)
17.2%
Service Providing Contribution (%)
67.4%
Goverment Contribution
15.4%
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
4249
Labor Force Growth
-1.12%
Unemployment
207
Unemployment Rate
4.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
58.1%
Employment Rate (with Bachelor's Degree)
72.2%
Employment Rate (75+ y.o.)
1.9%
Employment Rate (Black)
39.4%
Employment Rate (Female)
58.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
275
Number of Employment
3101
Annual Average Wages
$ 46837
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 75138
Service-providing (avg pay)
$ 33699
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 38927
Household Income (Median)
$ 55923
Per Capita Income
$ 26209
Per Capita Income Growth (2010-2022)
54.3 %
Gini Index
0.5066*
Poverty Rate
21.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov