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Pima County, Arizona, has an annual GDP of approximately 56 million, with a GDP per capita of about 53,530. The county's GDP growth rate over the last year stands at 1.9%, slightly below the state average of 3.2% and significantly lower than Maricopa County's 4.1%. Over the past 13 years, Pima's compound annual growth rate (CAGR) is 2.54%, indicating steady but modest growth. Notably, Pima County has a higher contribution from goods-producing sectors (20%) compared to the state average of 16.1%, while its service sector contribution (62.1%) is slightly below the state’s 72.9%. The government sector plays a significant role in Pima's economy, contributing 17.9%, which is higher than the state average of 11%. Overall, Pima County's economic performance reflects a diverse economy with strengths in goods production and government services, but it lags behind other major counties in growth rates.
Pima County, AZ, exhibits an employment rate of 70.5% for individuals aged 20-64, which is slightly below the state average of 72.5% and significantly lower than Maricopa County's 76.1%. The county's employment rate for those with a Bachelor's degree stands at 80.1%, also trailing behind the state average of 82.2%. Notably, Pima County's employment rate for high school graduates is 65.5%, which is marginally higher than the state average of 66.9%. The employment rate for Black individuals in Pima County is 55.8%, lower than the state average of 61.8%. Overall, while Pima County shows some resilience in educational attainment, it faces challenges in overall employment compared to both state and national levels, indicating potential areas for economic development and workforce engagement.
Pima County, AZ, exhibits a mean household income of $64,323 and a median household income of $88,437, which are notably lower than the state averages of $72,581 and $98,569, respectively. The county's income per capita stands at $36,494, also trailing behind the state figure of $38,334. Additionally, Pima County has a higher percentage of households earning less than $20,000 (13.5%) compared to the state average (11.2%), indicating a greater level of economic disparity. While the income inequality, as measured by the Gini index (0.4679), is slightly higher than the state average (0.4610), it remains lower than the national average (0.4829). This suggests that Pima County faces unique economic challenges compared to both state and national contexts, particularly in terms of lower income levels and higher poverty rates.