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Economy of Arizona
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Economy of Arizona
The Economy of Arizona had a total gross state product $508 billion in 2023. The composition of the state's economy is moderately diverse; although health care, transportation and the government remain the largest sectors.
Arizona's per capita income was $61,652 in 2023, ranking 33rd in the U.S. The state had a median household income of $74,568, making it 19th in the country and just below the U.S. national mean.
Early in its history, Arizona's economy relied on the "five C's": copper (see Copper mining in Arizona), cotton, cattle, citrus, and climate (tourism). Copper is still extensively mined from many expansive open-pit and underground mines, accounting for two-thirds of the nation's output.[citation needed]
Total employment 2016
Total employer establishments 2016
The state government is Arizona's largest employer, while Banner Health is the state's largest private employer, with over 39,000 employees (2016). As of March 2016[update], the state's unemployment rate was 5.4%.
The top employment sectors in Arizona are (August 2014, excludes agriculture):
According to The Arizona Republic, the largest private employers in the state as of 2016[update] were:
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Economy of Arizona
The Economy of Arizona had a total gross state product $508 billion in 2023. The composition of the state's economy is moderately diverse; although health care, transportation and the government remain the largest sectors.
Arizona's per capita income was $61,652 in 2023, ranking 33rd in the U.S. The state had a median household income of $74,568, making it 19th in the country and just below the U.S. national mean.
Early in its history, Arizona's economy relied on the "five C's": copper (see Copper mining in Arizona), cotton, cattle, citrus, and climate (tourism). Copper is still extensively mined from many expansive open-pit and underground mines, accounting for two-thirds of the nation's output.[citation needed]
Total employment 2016
Total employer establishments 2016
The state government is Arizona's largest employer, while Banner Health is the state's largest private employer, with over 39,000 employees (2016). As of March 2016[update], the state's unemployment rate was 5.4%.
The top employment sectors in Arizona are (August 2014, excludes agriculture):
According to The Arizona Republic, the largest private employers in the state as of 2016[update] were:
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