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Graham County, Arizona, has an annual GDP of approximately 1.63 billion dollars and a GDP per capita of about 42,493 dollars. The county experienced a significant GDP decline of 8.2% in the last year, contrasting sharply with its robust 5.5% compound annual growth rate over the past 13 years. Notably, Graham County's economy is heavily reliant on goods production, contributing 49% to its GDP, which is substantially higher than the state average of 16.1% and the national average of 17.4%. In comparison to other counties in Arizona, Graham's GDP per capita is lower than that of Maricopa and Pima counties, indicating a less affluent economic environment. The recent downturn raises concerns about sustainability, especially given the county's reliance on goods production amidst broader economic challenges.
Graham County, AZ, exhibits a notably low employment rate of 58.7% for individuals aged 20-64, significantly below 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 68.9%, which is also lower than Arizona's 82.2% and the national figure of 84.3%. Additionally, the high school graduate employment rate in Graham County is 56%, compared to 66.9% statewide. This trend suggests potential challenges in job availability or workforce engagement in Graham County, particularly when compared to more urbanized areas like Maricopa County, which boasts a 76.1% employment rate. The data indicates a need for targeted economic development strategies to enhance employment opportunities and educational attainment in Graham County.
Graham County, AZ, exhibits a mean household income of $64,089 and a median household income of $74,766, which are notably lower than both the state averages of $72,581 and $98,569, respectively. The county's income per capita stands at $24,052, significantly trailing behind the state average of $38,334 and the national average of $41,261. Additionally, Graham County has a relatively low income inequality, as indicated by its Gini index of 0.4057, which is better than the state (0.4610) and national (0.4829) levels. While 8.8% of households earn over $200,000, a higher percentage (14.7%) earn less than $20,000, reflecting economic challenges. Compared to neighboring counties, Graham County's income levels are higher than those in Apache and Navajo Counties but lower than in Pinal and Maricopa Counties, indicating a mixed economic landscape within Arizona.