Economy Profile

Navajo County

TSAC-CFD-04017

Snapshot

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GDP (2022, Thousands)
$ 3395904
AVG Real Growth (2017-2022)
-0.6 %
Unemployment Rate (May, 2024)
6.3 %
Labor Force Size
40518
Number of Businesses
1926
Average Annual Wage
$ 48644

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3395904
GDP Per Capita
$ 31705
GDP Growth Rate (2022)
-0.5 %
Average Growth Rate (2017-2022)
-0.6 %
Goods Producing Contribution (%)
7.6%
Service Providing Contribution (%)
63.2%
Goverment Contribution
29.2%
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
40518
Labor Force Growth
1.74%
Unemployment
2562
Unemployment Rate
6.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
54.2%
Employment Rate (with Bachelor's Degree)
74%
Employment Rate (75+ y.o.)
4.5%
Employment Rate (Black)
12.3%
Employment Rate (Female)
54.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1926
Number of Employment
27869
Annual Average Wages
$ 48644
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51685
Service-providing (avg pay)
$ 43568
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 50335
Household Income (Median)
$ 63992
Per Capita Income
$ 22826
Per Capita Income Growth (2010-2022)
36.3 %
Gini Index
0.4536*
Poverty Rate
25.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov