-
Gila County, Arizona, has an annual GDP of approximately 2.25 billion dollars, with a GDP per capita of about 42,048 dollars. The county experienced a decline in GDP growth of 2.9% over the last year, contrasting with Arizona's overall growth rate of 3.2% and the national rate of 1.9%. Gila County's economy is characterized by a significant goods-producing sector, contributing 36.4% to its GDP, which is notably higher than the state average of 16.1%. However, the service sector's contribution is lower at 40.5%, compared to Arizona's 72.9%. This indicates a more industrially focused economy, yet the recent negative growth suggests challenges that may need addressing to align more closely with state and national trends.
Gila County, AZ, exhibits an employment rate of 61.9% for individuals aged 20-64, which is notably lower than the state average of 72.5% and the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 74.3%, slightly below Arizona's 82.2% and the national figure of 84.3%. Additionally, Gila County's high school graduate employment rate is 60.5%, again trailing behind both state and national averages. The employment rate for seniors (75+) is particularly low at 4.2%, indicating potential challenges in retaining older workers. Compared to neighboring counties, Gila County's employment figures are among the lower end, particularly when contrasted with Maricopa County's robust 76.1%. This suggests that Gila County may face economic challenges that could benefit from targeted workforce development initiatives.
Gila County, AZ, exhibits a mean household income of $55,242 and a median household income of $69,681, both significantly lower than the state averages of $72,581 and $98,569, respectively. The county's income per capita stands at $29,945, which is also below the state figure of $38,334. Notably, Gila County has a higher percentage of households earning less than $20,000 (17.3%) compared to the state average (11.2%), indicating a greater level of economic distress. Additionally, the income inequality, as measured by the Gini index (0.4389), is more favorable than the national average (0.4829) and slightly better than Arizona's (0.4610). This suggests that while Gila County faces economic challenges, it has a relatively lower income disparity compared to broader national trends.