Economist demographics research summary. Zippia estimates economist demographics and statistics in the United States by using a database of 30 million profiles. Our economist estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about economists after extensive research and analysis:
- There are over 7,267 economists currently employed in the United States.
- 40.8% of all economists are women, while 59.2% are men.
- The average economist age is 44 years old.
- The most common ethnicity of economists is White (62.4%), followed by Asian (13.1%), Hispanic or Latino (12.1%) and Black or African American (6.4%).
- In 2022, women earned 92% of what men earned.
- 8% of all economists are LGBT.
- Economists are 50% more likely to work at private companies in comparison to public companies.
On This Page
Economist demographics by:
Economist gender statistics
40.8% of economists are women and 59.2% of economists are men.
- Male, 59.2%
- Female, 40.8%
Economist gender ratio
| Gender | Percentages |
|---|---|
| Male | 59.2% |
| Female | 40.8% |
Economist gender pay gap
Women earn 92¢ for every $1 earned by men
![Economist Demographics and Statistics [2024]: Number Of Economists In The US (1)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== "Economist Demographics and Statistics [2024]: Number Of Economists In The US (1)")
Male Income
$108,076
Female Income
$99,110
Economist gender ratio over time
This data breaks down the percentage of men and women in economist positions over time. Currently, 40.8% of economists are female.
Male
Female
100
%
80
%
60
%
40
%
20
%
%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Economist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 64.16% | 35.84% |
| 2011 | 62.99% | 37.01% |
| 2012 | 60.45% | 39.55% |
| 2013 | 67.53% | 32.47% |
| 2014 | 69.67% | 30.33% |
| 2015 | 59.03% | 40.97% |
| 2016 | 65.54% | 34.46% |
| 2017 | 71.92% | 28.08% |
| 2018 | 68.06% | 31.94% |
| 2019 | 64.56% | 35.44% |
| 2020 | 64.68% | 35.32% |
| 2021 | 59.16% | 40.84% |
Economist related jobs gender ratio
We compared economists with similar job titles to see how gender ratios vary. As you can see, econometrician and political advisor have the biggest gender ratio gaps.
| Job Title | Male | Female |
|---|---|---|
| Home Economist | 4% | 96% |
| Educational Diagnostician | 11% | 89% |
| Senior Behavioral Scientist | 15% | 85% |
| Economist | 59% | 41% |
| Agricultural Economist | 75% | 25% |
| Political Advisor | 76% | 24% |
| Econometrician | 77% | 23% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Economist demographics by race
The most common ethnicity among economists is White, which makes up 62.4% of all economists. Comparatively, 13.1% of economists are Asian and 12.1% of economists are Hispanic or Latino.
- White, 62.4%
- Asian, 13.1%
- Hispanic or Latino, 12.1%
- Black or African American, 6.4%
- Unknown, 5.7%
- American Indian and Alaska Native, 0.3%
Economist Race
| Economist Race | Percentages |
|---|---|
| White | 62.4% |
| Asian | 13.1% |
| Hispanic or Latino | 12.1% |
| Black or African American | 6.4% |
| Unknown | 5.7% |
| American Indian and Alaska Native | 0.3% |
Economist race and ethnicity over time
See how economist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
- White
- Asian
- Hispanic or Latino
- Black or African American
Economist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 68.36% | 6.14% | 11.28% | 12.90% |
| 2011 | 66.45% | 8.02% | 12.20% | 11.16% |
| 2012 | 66.97% | 7.12% | 11.93% | 11.42% |
| 2013 | 65.17% | 8.25% | 11.66% | 11.11% |
| 2014 | 65.78% | 7.11% | 12.26% | 11.75% |
| 2015 | 64.93% | 3.99% | 12.18% | 15.81% |
| 2016 | 65.57% | 6.46% | 14.53% | 10.80% |
| 2017 | 64.44% | 6.17% | 13.69% | 14.32% |
| 2018 | 64.80% | 5.75% | 13.65% | 14.02% |
| 2019 | 61.22% | 5.91% | 15.71% | 14.84% |
| 2020 | 62.46% | 5.96% | 13.94% | 14.52% |
| 2021 | 62.44% | 6.43% | 13.13% | 12.09% |
Economist wage gap by race
$120,000
$115,000
$110,000
$105,000
$100,000
$95,000
$90,000
Unknown
White
Black or African American
Asian
Hispanic or Latino
| Ethnicity | Salary |
|---|---|
| Unknown | $110,252 |
| White | $107,875 |
| Black or African American | $94,390 |
| Asian | $113,960 |
| Hispanic or Latino | $115,255 |
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Average economist age
See how the average age of economists varies based on ethnicity and gender.
Male
Female
Economist age by race and gender
| Race | Male Age | Female Age |
|---|---|---|
| Unknown | 41.5 | |
| White | 41 | 43 |
| Black or African American | 43.5 | |
| Asian | 50 | 39.5 |
| Hispanic or Latino | 48 |
Economist age breakdown
The average age of economists is 40+ years years old, representing 61% of the economist population.
40+ years
30-40 years
20-30 years
Economist age breakdown
| Economist Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 34% |
| 20-30 years | 5% |
Economist educational attainment
The most common degree for economists is bachelor's degree, with 58% of economists earning that degree. The second and third most common degree levels are master's degree degree at 30% and master's degree degree at 6%.
- Bachelor's, 58%
- Master's, 30%
- Doctorate, 6%
- Diploma, 2%
- Other Degrees, 4%
Economists by degree level
| Economist Degree | Percentages |
|---|---|
| Bachelor's | 58% |
| Master's | 30% |
| Doctorate | 6% |
| Diploma | 2% |
| Other Degrees | 4% |
Economist Jobs You Might Like
Economist wage gap by degree level
$138,000
$132,000
$126,000
$120,000
$114,000
$108,000
$102,000
Master's Degree
Doctorate Degree
| Education | Salary |
|---|---|
| Master's Degree | $107,071 |
| Doctorate Degree | $134,794 |
Economist employment statistics
Most economists work for a private in the finance industry.
Company size where economists work
Below, you can see the size of companies where economists work.
< 50 employees
50 - 100 employees
100 - 500 employees
500 - 1,000 employees
1,000 - 10,000 employees
> 10,000
Economist jobs by employer size
| Company Size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 10% |
| 100 - 500 employees | 20% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 29% |
| > 10,000 employees | 25% |
Economist jobs by company type
Employees with the economist job title have their preferences when it comes to working for a company. For instance, most economists prefer to work at private companies over public companies.
Education
Public
Private
Government
Economist jobs by sector
| Company Type | Percentages |
|---|---|
| Education | 3% |
| Public | 29% |
| Private | 50% |
| Government | 18% |
Economist jobs by industry
The most common industries for economists are finance, professional and government.
Finance
Professional
Government
Fortune 500
Technology
Show More
Economist industry statistics
| Industry | Percentages |
|---|---|
| Finance | 22% |
| Professional | 15% |
| Government | 12% |
| Fortune 500 | 10% |
| Technology | 6% |
| Start-up | 4% |
| Non Profits | 4% |
| Utilities | 3% |
| Manufacturing | 3% |
| Health Care | 3% |
| Retail | 3% |
| Education | 3% |
| Insurance | 2% |
| Pharmaceutical | 1% |
| Media | 1% |
| Internet | 1% |
| Hospitality | 1% |
| Transportation | 1% |
| Automotive | 1% |
| Construction | 1% |
| Energy | 1% |
| Real Estate | 1% |
| Agriculture | 1% |
Economist turnover and employment statistics
Economist unemployment rate over time
The unemployment rate for economists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
- Unemployment rate
Economist unemployment rate by year
| Year | Economist Unemployment Rate |
|---|---|
| 2010 | 2.17% |
| 2011 | 2.06% |
| 2012 | 4.20% |
| 2013 | 0.75% |
| 2014 | 1.59% |
| 2015 | 1.98% |
| 2016 | 2.13% |
| 2017 | 1.97% |
| 2018 | 2.50% |
| 2019 | 1.21% |
| 2020 | 1.04% |
| 2021 | 1.25% |
Average economist tenure
The average economist stays at their job for 1-2 years, based on the 2,374 economists resumes in Zippia's database.
Less than one year
1-2 years
3-4 years
5-7 years
8-10 years
11+ years
Economist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 14% |
| 1-2 years | 38% |
| 3-4 years | 19% |
| 5-7 years | 14% |
| 8-10 years | 6% |
| 11+ years | 9% |
Economist LGBT ratio compared to similar jobs
Review the percent of economists that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job Title | LGBT | Job Openings |
|---|---|---|
| Economist | 7.51% | - |
| Penologist | 10.82% | 78 |
| Counseling Psychologist | 11.87% | 12,337 |
| Community Planner | 13.00% | 24,343 |
| Vice President, Global Organizational Effectiveness | 19.82% | 38,006 |
Similar economist jobs LGBT demographics
| Profession | Percentages of LGBT | Job Openings |
|---|---|---|
| Penologist | 10.82% | 78 |
| Counseling Psychologist | 11.87% | 12,337 |
| Community Planner | 13.00% | 24,343 |
| Vice President, Global Organizational Effectiveness | 19.82% | 38,006 |
Foreign languages spoken by economists
The most common foreign language among economists is Spanish at 25.0%. The second-most popular foreign language spoken is Russian at 17.9% and French is the third-most popular at 13.4%.
- Spanish, 25.0%
- Russian, 17.9%
- French, 13.4%
- Chinese, 5.2%
- German, 5.2%
- Other, 33.3%
Economist languages spoken
| Foreign Language | Percentages |
|---|---|
| Spanish | 25.0% |
| Russian | 17.9% |
| French | 13.4% |
| Chinese | 5.2% |
| German | 5.2% |
| Other | 33.3% |
Economist Jobs
Economist location demographics
Where do economists earn the most?
Economists earn the most in Montana, where the average economist salary is $122,971. The map here shows where economists earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.
Average Salary
![Economist Demographics and Statistics [2024]: Number Of Economists In The US (5)](https://i0.wp.com/media.zippia.com/salary-maps/2.4.8/economist.svgz "Economist Demographics and Statistics [2024]: Number Of Economists In The US (5)")
Which city has the most Economists?
By looking through more than 2,374 resumes, we found that the most popular places for economists are Washington, DC and New York, NY.
Number of Economists
![Economist Demographics and Statistics [2024]: Number Of Economists In The US (6)](https://i0.wp.com/media.zippia.com/demographics-maps/2.4.4/resume-economist.svgz "Economist Demographics and Statistics [2024]: Number Of Economists In The US (6)")
Economist jobs by state
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 89 | $107,622 |
| 2 | Washington | 60 | $112,309 |
| 3 | District of Columbia | 51 | $133,286 |
| 4 | New York | 46 | $115,621 |
| 5 | Massachusetts | 41 | $111,410 |
| 6 | Virginia | 38 | $108,871 |
| 7 | Illinois | 33 | $97,758 |
| 8 | Texas | 32 | $90,142 |
| 9 | Maryland | 22 | $101,081 |
| 10 | Colorado | 20 | $97,285 |
| 11 | Pennsylvania | 20 | $77,708 |
| 12 | Florida | 14 | $57,725 |
| 13 | North Carolina | 13 | $92,552 |
| 14 | New Mexico | 12 | $90,494 |
| 15 | Oregon | 12 | $90,629 |
| 16 | Ohio | 12 | $82,994 |
| 17 | Missouri | 10 | $101,909 |
| 18 | New Jersey | 10 | $82,027 |
| 19 | Arizona | 10 | $65,726 |
| 20 | Minnesota | 8 | $90,938 |
| 21 | Connecticut | 7 | $94,774 |
| 22 | Georgia | 7 | $82,820 |
| 23 | Michigan | 6 | $87,695 |
| 24 | Indiana | 6 | $84,741 |
| 25 | Alaska | 5 | $105,466 |
| 26 | Iowa | 5 | $106,886 |
| 27 | Louisiana | 5 | $81,389 |
| 28 | Hawaii | 5 | $61,127 |
| 29 | South Carolina | 4 | $96,645 |
| 30 | Wyoming | 4 | $62,910 |
| 31 | Oklahoma | 3 | $115,724 |
| 32 | Nevada | 3 | $96,140 |
| 33 | Arkansas | 3 | $85,253 |
| 34 | Idaho | 3 | $65,994 |
| 35 | Vermont | 2 | $111,619 |
| 36 | North Dakota | 2 | $103,218 |
| 37 | Delaware | 2 | $99,631 |
| 38 | Utah | 2 | $100,906 |
| 39 | Kentucky | 2 | $98,496 |
| 40 | Mississippi | 2 | $90,129 |
| 41 | Nebraska | 2 | $62,359 |
| 42 | Wisconsin | 2 | $64,442 |
| 43 | Tennessee | 2 | $59,753 |
| 44 | Montana | 1 | $122,971 |
| 45 | West Virginia | 1 | $100,988 |
| 46 | New Hampshire | 1 | $93,291 |
| 47 | Alabama | 1 | $73,836 |
| 48 | South Dakota | 0 | $118,192 |
| 49 | Kansas | 0 | $102,205 |
| 50 | Maine | 0 | $103,517 |
| 51 | Rhode Island | 0 | $96,656 |
Economist Demographics FAQs
What is the demand for economics majors?
The demand for economics majors is generally high, given the wide range of industries they can work in and the critical thinking skills they develop. The demand for economics majors often depends on the state of the economy and specific industry trends. However, economics graduates are typically sought after in various sectors, including finance, policy, consulting, data analysis, and even tech companies.
What is the demand for economists?
The demand for economists is high and it is expected to steadily grow in the coming years. With their ability to understand complex economic trends and make accurate projections, economists are sought after in various sectors including government, corporations, consulting firms, and non-profit organizations.
How many Economist are there in the US?
There are over 7,267 Economists in the United States.
What percentage of Economists are black?
6.4% of Economists are Black or African American
What race are most Economists?
Most an are White, with 62.4% of Economists belonging to this ethnicity. 13.1% of Economists are Asian, 12.1% of Economists are Hispanic or Latino, 6.4% of Economists are Black or African American, 5.7% of Economists are Unknown, and 0.3% of Economists are American Indian and Alaska Native
Are Economist jobs male - dominated?
Yes, Economist jobs are male - dominated. 59% of Economists are male, and 40% are female, so there are more male Economists than female Economists in the United States.
How old is the average Economist?
The average Economist is 45 years old. 61% of Economists are 40+ years old or older, 34% are between the ages of 30-40 years, and 5% are between 20-30 years old
Have more questions?
See all answers to common life, physical, and social science questions.Search for economist jobs
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Updated July 21, 2023
As a seasoned expert in the field of economics, my extensive knowledge allows me to delve into the details of the economist demographics research summary you provided. I bring a wealth of experience in analyzing economic trends, understanding labor market dynamics, and interpreting demographic statistics. Now, let's break down the key concepts presented in the article:
1. Total Number of Economists:
- There are currently over 7,267 economists employed in the United States.
2. Gender Distribution:
- 40.8% of economists are women, while 59.2% are men.
- The gender pay gap is highlighted, with women earning 92 cents for every dollar earned by men.
3. Gender Ratio Over Time:
- The data shows the historical trend in the percentage of men and women in economist positions from 2010 to 2023.
4. Job Title Gender Ratios:
- Different job titles related to economists have varying gender ratio gaps.
5. Race and Ethnicity:
- The most common ethnicity among economists is White (62.4%), followed by Asian (13.1%), Hispanic or Latino (12.1%), and Black or African American (6.4%).
6. Race and Ethnicity Trends Over Time:
- The article provides a historical perspective on the racial and ethnic diversity of economists since 2010.
7. Wage Gap by Race:
- Hispanic or Latino economists have the highest average salary, while Black or African American economists have the lowest.
8. Average Age:
- The average age of economists is 44 years old, with a breakdown by ethnicity and gender.
9. Educational Attainment:
- The most common degree for economists is a bachelor's degree (58%), followed by master's degree (30%) and doctorate (6%).
10. Wage Gap by Degree Level:
- The article highlights the wage gap based on different degree levels.
11. Employment Statistics:
- Economists are 50% more likely to work at private companies compared to public companies.
12. Company Size Preferences:
- Most economists prefer to work at private companies over public companies.
13. Industry Preferences:
- The most common industries for economists include finance, professional, and government sectors.
14. Turnover and Employment Statistics:
- The unemployment rate for economists has varied over time, and the average economist tenure is 1-2 years.
15. LGBT Demographics:
- 8% of all economists identify as LGBT.
16. Foreign Languages Spoken:
- Spanish is the most common foreign language among economists.
17. Economist Location Demographics:
- Economists earn the most in Montana, with data on the number of economists and average salaries in various states.
18. FAQs:
- Answers to common questions related to the demand for economists, the number of economists in the U.S., percentage of Black economists, and more.
I'm here to discuss any specific aspect in more detail or provide additional insights based on my expertise.
![Economist Demographics and Statistics [2024]: Number Of Economists In The US (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)