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Arizona Economy





The Arizona economy is considerable in size. It is greater than that of countries like Ireland, Finland, and New Zealand.

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Arizona has a per capita income of $40,828. As of June 2010, the unemployment rate of the state was 9.6%.

Agriculture is an important sector in the economy of Arizona. Lettuce is the biggest crop, comprising about twenty-percent of the total crop-production of Arizona. Barley, potatoes, mining, printing and publishing, and electronics are the major industries. Barley, potatoes, wheat, cotton, cauliflowers, broccoli, and sorghum; cattle, calves, and dairy goods are the important agricultural products.

Electronic equipment, transportation equipment, and chemicals add to the revenue of the state. American West Airlines and Union Pacific Railroad add to the gross state product. Mining is a significant part of the economy. Gold, coal, sand and gravel, crushed stone, molybdenum, silver ore and copper ore are some of the major mined elements.

GSP $232 billion
Per Capita Income $40,828
Unemployment Rate 9.6% (June 2010)
Major Sectors Transportation and utilities, insurance and real estate, manufacturing, services
Major Industries Agriculture, mining, printing and publishing, electronics, tourism

High-technology research and development, construction, electronics, printing, publishing, communications, tourism and service industries are also important.

The national and state forests, museums and historical sites in Arizona attract millions of tourists every year. The Grand Canyon, the Painted Desert, the Petrified Forest, meteor craters, ancient Native American ruins, Spanish colonial ruins, golf courses and other leisure activities are the major attractions.

Arizona State Profile