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Development Of Alabama’s Gross Domestic Product

by marusia
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According to the US Bureau of Economic Analysis, the gross gross product of the state in 2008 amounted to $ 170 billion, or $29,411 per capita.

Alabama’s GDP in 2012 increased by 1.2% compared to the previous year. The biggest growth occurred in the field of information. In 2010, the per capita income in the state was $22,984.

The seasonally adjusted unemployment rate in April 2015 in the state was 5.8%. This is compared to the national seasonally adjusted unemployment rate of 5.4%.

Alabama does not have a state minimum wage, and uses a federal minimum wage of $7.25. In February 2016, the state passed a law prohibiting Alabama municipalities from raising the minimum wage in their locality. The law repeals the City of Birmingham’s ordinance to raise the city’s minimum wage to $10.10.

As of 2018, Alabama ranks sixth in terms of poverty among US states. In 2017, United Nations Special Rapporteur Philip Alston toured rural Alabama and observed environmental conditions that he said were worse than anywhere else in the developed world.

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@ ANews – Alabama state news, 2022.