-
Yuma County, Arizona, has demonstrated a robust economic performance with an annual GDP of approximately 9.88 billion dollars and a notable GDP growth rate of 6.2% over the last year, significantly outpacing the national growth rate of 1.9% and the state rate of 3.2%. The county's GDP per capita stands at 48,358 dollars, which is lower than the state average of 66,318 dollars and the national average of 77,754 dollars. Yuma's economy is characterized by a strong goods-producing sector, contributing 24% to its GDP, which is higher than the state average of 16.1%. Additionally, the government sector plays a significant role, contributing 22.9% to the GDP, indicating a reliance on public sector employment. Overall, Yuma County's growth trajectory and sector contributions highlight its unique economic landscape within Arizona, particularly in comparison to larger counties like Maricopa and Pima.
Yuma County, AZ, exhibits an employment rate of 64.3% for individuals aged 20-64, which is notably lower than the state average of 72.5% and the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 77.8%, slightly below Arizona's 82.2% but comparable to the national figure of 84.3%. Additionally, Yuma County's high school graduate employment rate is 61.7%, which is marginally above the state average of 66.9%. The county's employment rates for older adults (3%) and Black residents (44.6%) also reflect challenges compared to state and national figures. Overall, Yuma County's employment landscape suggests a need for targeted economic initiatives to enhance job opportunities and workforce participation, particularly in comparison to more prosperous counties like Maricopa and Pima.
Yuma County, AZ, exhibits a mean household income of $56,439 and a median household income of $74,377, both significantly lower than the state averages of $72,581 and $98,569, respectively. The income per capita stands at $27,516, which is also below the state average of $38,334. Notably, 15.7% of households earn less than $20,000, a higher percentage compared to the state average of 11.2%. This indicates a greater economic disparity within Yuma County, reflected in its income Gini index of 0.4574, which is slightly better than the state’s 0.4610. Compared to other counties in Arizona, Yuma ranks among the lower-income regions, highlighting challenges in economic development and potential areas for policy intervention to improve income levels and reduce poverty.