LotsCap

Economy Profile

Pinal County

  • Arizona State
  • October, 2024
TSAC-CFD-04021

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 11918297
AVG Real Growth (2017-2022)
3.32 %
Unemployment Rate (May, 2024)
4.8 %
Labor Force Size
209532
Number of Businesses
4581
Average Annual Wage
$ 55985

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 11918297
GDP Per Capita
$ 27503
GDP Growth Rate (2022)
1.3 %
Average Growth Rate (2017-2022)
3.32 %
Goods Producing Contribution (%)
27.2%
Service Providing Contribution (%)
53.9%
Goverment Contribution
18.9%
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
209532
Labor Force Growth
3.37%
Unemployment
10030
Unemployment Rate
4.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
64.4%
Employment Rate (with Bachelor's Degree)
77.5%
Employment Rate (75+ y.o.)
5%
Employment Rate (Black)
49.9%
Employment Rate (Female)
63.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
4581
Number of Employment
73626
Annual Average Wages
$ 55985
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 70011
Service-providing (avg pay)
$ 47598
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 73313
Household Income (Median)
$ 92354
Per Capita Income
$ 33158
Per Capita Income Growth (2010-2022)
52.7 %
Gini Index
0.4199*
Poverty Rate
11.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov