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Economy Profile

Gila County

  • Arizona State
  • October, 2024
TSAC-CFD-04007

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 2246148
AVG Real Growth (2017-2022)
1.36 %
Unemployment Rate (May, 2024)
4.7 %
Labor Force Size
20856
Number of Businesses
1130
Average Annual Wage
$ 53356

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 2246148
GDP Per Capita
$ 42048
GDP Growth Rate (2022)
-2.9 %
Average Growth Rate (2017-2022)
1.36 %
Goods Producing Contribution (%)
36.4%
Service Providing Contribution (%)
40.5%
Goverment Contribution
23.1%
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
20856
Labor Force Growth
0.11%
Unemployment
989
Unemployment Rate
4.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
61.9%
Employment Rate (with Bachelor's Degree)
74.3%
Employment Rate (75+ y.o.)
4.2%
Employment Rate (Black)
45.2%
Employment Rate (Female)
58.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1130
Number of Employment
14977
Annual Average Wages
$ 53356
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 81784
Service-providing (avg pay)
$ 40708
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 55242
Household Income (Median)
$ 69681
Per Capita Income
$ 29945
Per Capita Income Growth (2010-2022)
52.8 %
Gini Index
0.4389*
Poverty Rate
19.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov