LotsCap

Economy Profile

La Paz County

  • Arizona State
  • October, 2024
TSAC-CFD-04012

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 824716
AVG Real Growth (2017-2022)
0.54 %
Unemployment Rate (May, 2024)
5.4 %
Labor Force Size
8828
Number of Businesses
393
Average Annual Wage
$ 49591

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 824716
GDP Per Capita
$ 49440
GDP Growth Rate (2022)
-8.6 %
Average Growth Rate (2017-2022)
0.54 %
Goods Producing Contribution (%)
8.7%
Service Providing Contribution (%)
67.4%
Goverment Contribution
23.9%
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
8828
Labor Force Growth
6.17%
Unemployment
477
Unemployment Rate
5.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.3%
Employment Rate (with Bachelor's Degree)
67.4%
Employment Rate (75+ y.o.)
10.5%
Employment Rate (Black)
26.6%
Employment Rate (Female)
55.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
393
Number of Employment
6253
Annual Average Wages
$ 49591
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 59882
Service-providing (avg pay)
$ 44138
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 46634
Household Income (Median)
$ 62044
Per Capita Income
$ 30399
Per Capita Income Growth (2010-2022)
43.6 %
Gini Index
0.4817*
Poverty Rate
21.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov