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Greenlee County, Arizona, presents a unique economic profile characterized by a notably high GDP per capita of $237,918, significantly surpassing both the state average of $66,318 and the national average of $77,754. However, the county faces challenges, as evidenced by a dramatic GDP growth rate decline of 16.2% in the last year, despite a positive compound annual growth rate (CAGR) of 3.74% over the past 13 years. The economy is heavily reliant on goods production, contributing 87.1% to its GDP, which is starkly higher than the state’s 16.1% and the national average of 17.4%. This reliance may expose Greenlee to volatility, particularly in sectors sensitive to market fluctuations. Comparatively, while other counties like Maricopa and Pima show more balanced economic contributions from services, Greenlee's heavy goods focus could be a double-edged sword in the current economic climate.
Greenlee County, AZ exhibits a commendable employment rate of 73.3% for individuals aged 20-64, slightly above the state average of 72.5% and close to the national average of 73.8%. Notably, the county boasts an impressive 86.7% employment rate for those with a Bachelor's degree, surpassing both Arizona's 82.2% and the national figure of 84.3%. The high employment rate among high school graduates at 78.3% also indicates a strong educational foundation in the workforce. However, the employment rate for females at 56.8% is notably lower than both state and national averages, suggesting potential gender disparities in the labor market. Additionally, the striking 94.4% employment rate for Black individuals highlights a unique demographic strength in Greenlee County compared to other counties in Arizona, where such rates are generally lower.
Greenlee County, AZ, presents a mixed economic profile compared to both state and national averages. With a mean household income of $73,756 and a median household income of $79,905, Greenlee County is slightly above the state averages of $72,581 and $98,569, respectively. However, it lags behind the national figures of $75,149 and $105,833. The county's income per capita of $29,394 is notably lower than both state ($38,334) and national ($41,261) levels, indicating potential challenges in individual economic well-being. The income inequality, as measured by the Gini index at 0.3756, is relatively low, suggesting a more equitable income distribution compared to the state (0.4610) and national (0.4829) averages. Overall, while Greenlee County shows some positive indicators, it faces challenges in per capita income that may affect its economic vitality.