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Maricopa County, Arizona, demonstrates a robust economic profile with an annual GDP of approximately 350.2 billion dollars and a GDP per capita of 79,029 dollars, significantly higher than the state average of 66,318 dollars and the national average of 77,754 dollars. The county's GDP growth rate of 4.1% over the last year and a compound annual growth rate (CAGR) of 4.66% over the past 13 years outpaces both Arizona's growth rate of 3.2% and the national rate of 1.9%. Maricopa's economy is heavily service-oriented, with 77.5% of its GDP coming from service-providing sectors, compared to 72.9% for the state. This trend highlights the county's role as a key economic engine in Arizona, particularly in contrast to Pima County, which has a much lower GDP per capita of 53,530 dollars and a slower growth rate of 1.9%.
Maricopa County, AZ, exhibits a robust employment landscape, with an employment rate of 76.1% for individuals aged 20-64, surpassing both the state average of 72.5% and the national average of 73.8%. The county also shows strong educational attainment, with an 83.8% employment rate for those with a bachelor's degree, slightly below Arizona's 82.2% but above the national figure of 84.3%. Notably, Maricopa County's employment rate for high school graduates (70.8%) is higher than the state (66.9%) and national averages (67.9%). The county's employment rates for Black individuals (65.4%) and females (70.2%) also reflect a more favorable position compared to the state averages of 61.8% and 67.9%, respectively. Overall, Maricopa County stands out as a strong performer in Arizona, indicating a thriving local economy and workforce.
Maricopa County, AZ, stands out with a mean household income of $80,675 and a median household income of $108,596, both higher than the state averages of $72,581 and $98,569, respectively. This positions Maricopa as a significant economic hub within Arizona, reflecting its robust job market and diverse economy. The county's income per capita of $41,533 also surpasses the state figure of $38,334, indicating a higher standard of living. Notably, Maricopa has a lower income inequality, as evidenced by its Gini index of 0.4555, compared to the state’s 0.4610. Additionally, 11% of households earn over $200,000, which is above the state average of 10.3%, while only 9.4% earn less than $20,000, showcasing a healthier income distribution relative to other counties like Pima, which has a higher percentage of low-income households.