 | Parts of this article (those related to employment data) need to be updated. (May 2024) |
The Economy of Arizona had a total gross state product $508 billion in 2023.[1] 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.[2] The state had a median household income of $74,568, making it 19th in the country and just below the U.S. national mean.[3]
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.
- ^ "GDP by State". GDP by State | U.S. Bureau of Economic Analysis (BEA). Bureau of Economic Analysis. Retrieved 20 May 2024.
- ^ Account, Economic (2024-03-29). "Personal Income by State". U.S. Bureau of Economic Analysis (BEA). Retrieved 2024-05-20.
- ^ Bureau, U.S. Census. "S1901: Income in the Past 12 Months". Explore Census Data. Retrieved 2024-05-20.
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