LotsCap

Economy Profile

Pima County

  • Arizona State
  • October, 2024
TSAC-CFD-04019

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 55799638
AVG Real Growth (2017-2022)
2.54 %
Unemployment Rate (May, 2024)
4.3 %
Labor Force Size
502188
Number of Businesses
23195
Average Annual Wage
$ 59502

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 55799638
GDP Per Capita
$ 53530
GDP Growth Rate (2022)
1.9 %
Average Growth Rate (2017-2022)
2.54 %
Goods Producing Contribution (%)
20%
Service Providing Contribution (%)
62.1%
Goverment Contribution
17.9%
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
502188
Labor Force Growth
1.42%
Unemployment
21752
Unemployment Rate
4.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
70.5%
Employment Rate (with Bachelor's Degree)
80.1%
Employment Rate (75+ y.o.)
5.2%
Employment Rate (Black)
55.8%
Employment Rate (Female)
66.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
23195
Number of Employment
386655
Annual Average Wages
$ 59502
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 87362
Service-providing (avg pay)
$ 51687
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 64323
Household Income (Median)
$ 88437
Per Capita Income
$ 36494
Per Capita Income Growth (2010-2022)
45.4 %
Gini Index
0.4679*
Poverty Rate
14.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov