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    Women helping Women to Host “Chalk the Walk” Event in Support of Sexual Assault Survivors

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    It’s BBQ Time

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    Winchester Homecoming Festival this Weekend 

    Adams County Murals Completed in West Union

    Adams County Murals Completed in West Union

    The Circus is Coming to Manchester

    The Circus is Coming to Manchester

    “Seussical” the Musical Comes to North Adams High School starting tonight!

    “Seussical” the Musical Comes to North Adams High School starting tonight!

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    Ohio Board to Take Up Proposed Amendment to Raise Minimum Wage

    Ohio Board to Take Up Proposed Amendment to Raise Minimum Wage

    DeWine Taps Baldridge to Lead Ohio Department of Agriculture 

    DeWine Taps Baldridge to Lead Ohio Department of Agriculture 

    Adams County Fair dates announced 

    State announces money for local demolition projects 

    State announces money for local demolition projects 

    Commissioner Pell testifies before the Ohio House Energy and Natural Resources Committee. Image Courtesy: The Ohio Channel/Ohio Government Television

    Pell seeks state support for gas pipeline 

    Photo: Rachael Hazelbaker Hamilton/The Informer

    Celebrating Christmas on the farm 

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    Chalk The Walk Returns in Adams and Brown Counties

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    Mane Hair Company Opens in Peebles

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Home Business & Tech Business Economy

Adams County Ranked Fifth Worst For Economic Growth In The Entire United States

by Web Staff
January 15, 2020
in Economy, Local News
0
Adams County Ranked Fifth Worst For Economic Growth In The Entire United States

Adams County Courthouse used under https://creativecommons.org/licenses/by-sa/3.0/

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A recent report from the United States Department of Labor places Adams County in the top five worst counties in the United States with economic growth.

According to the Local Area Gross Domestic Product report, in 2018, the United States economy expanded by the fastest pace in more than a decade, powered by growth in more than three-fourths of American counties.

Gross Domestic Product is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

Across the United States, gross domestic product (GDP), increased in 2,375 counties in 2018, while it shrank in just 717 counties. It ranged from massive growth in Jackson County, West Virginia at 86.5 percent to Grant County, North Dakota, which shrank by 44 percent.

The most losses occurred in small counties, which have populations under 100,000. Across the 2,508 small counties in the United States, about one-quarter saw their economies contract in 2018.

By percentage, small counties had both the best and worst percentage changes in GDP. Grant County, North Dakota shrank by 44 percent, a result of losses in the area’s agriculture, forestry, fishing and hunting industry. On the other side, Jackson County, West Virginia expanded by 86.5 percent, led by the construction industry.

The counties ranked with the best economic growth are Jackson County, West Virginia (86.5), Harlan County, Nebraska (71.2), Banner County, Nebraska (64.5), Arthur County, Nebraska (61.9), Chouteau County, Montana (60.9).

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The counties ranked with the worst economic growth are Grant County, North Dakota (-44), Blaine County, Nebraska (-43.1), Rock County, Nebraska (-42), Castro County, Texas (-37.8), Adams County, Ohio (-35).

Since 2016, Adams County has dropped by more than 46 percent. In 2016, the Real Gross Domestic Product was $1,528,527. In 2017, the Real Gross Domestic Product was $1,285,726. In 2018, the Real Gross Domestic Product was $835,269.

Adams County was also rated the worst county in Ohio with economic growth.

Web Staff

Web Staff

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