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Alabama Economy Grows 2.8% Amid Regional Disparities

1/9/2025

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Summary

Story summary

Alabama's economy expanded by 2.8% in 2023, just shy of the national growth rate of 2.9%.
Perry and Hale counties in the Black Belt region achieved impressive double-digit GDP growth.
Jefferson County, boasting the highest GDP at nearly $50 billion, saw a 2% increase.
Approximately 70% of Alabama counties experienced economic growth, while 20 counties faced contraction.
Clay County was the sole county with a significant GDP decline of 10.3%.

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Story summary

Alabama's economy expanded by 2.8% in 2023, just shy of the national growth rate of 2.9%.
Perry and Hale counties in the Black Belt region achieved impressive double-digit GDP growth.
Jefferson County, boasting the highest GDP at nearly $50 billion, saw a 2% increase.
Approximately 70% of Alabama counties experienced economic growth, while 20 counties faced contraction.
Clay County was the sole county with a significant GDP decline of 10.3%.