The Latest Arizona Industry Statistics Explained
The Health Care and Social Assistance industry was the highest providing industry to the state GDP of Arizona in 2020.
The statistic indicates that the Health Care and Social Assistance industry contributed the most to the Gross Domestic Product (GDP) of Arizona in 2020 compared to other industries. This suggests that the services and economic activities within the health care and social assistance sector played a significant role in driving the state’s economy during that year. It implies that this industry sector generated substantial value and employment opportunities, highlighting its importance in supporting the overall economic health and stability of Arizona. This statistic may also reflect the growing demand for health care and social services within the state and the essential role these sectors play in meeting the needs of the population and driving economic growth.
Arizona manufacturing contributed approximately $27.1 billion to the state’s economy in 2019.
The statistic “Arizona manufacturing contributed approximately $27.1 billion to the state’s economy in 2019” indicates the significant economic impact of the manufacturing sector within the state of Arizona during the specified year. This figure represents the total value of goods and services produced through manufacturing activities, including the revenue generated from manufacturing operations, employment opportunities created, and the overall contribution to the state’s GDP. The statistic highlights the importance of the manufacturing industry in driving economic growth, creating jobs, and generating revenue within Arizona, emphasizing its role as a key sector in the state’s economy.
In 2020, Arizona’s key industries included aerospace and defense, technology and innovation, film and digital media.
The statistic implies that in the year 2020, the state of Arizona had a strong presence and economic focus on key industries such as aerospace and defense, technology and innovation, as well as film and digital media. This suggests that these industries were significant contributors to Arizona’s economy during that time, likely driving job creation, innovation, and overall economic growth in the state. The emphasis on these specific sectors highlights Arizona’s strategic positioning in attracting and fostering industries that are often associated with cutting-edge technology, creativity, and high-skilled labor.
Advanced Manufacturing in Arizona has a direct employment of over 178,000.
The statistic ‘Advanced Manufacturing in Arizona has a direct employment of over 178,000’ indicates that the advanced manufacturing sector in the state of Arizona plays a significant role in the overall economy by providing employment opportunities to a substantial number of individuals. The term ‘direct employment’ suggests that these jobs are specifically within the advanced manufacturing industry and do not include indirect employment or related sectors. With over 178,000 individuals employed in advanced manufacturing, this sector is a major contributor to job creation and economic growth in Arizona, highlighting its importance in driving the state’s manufacturing industry and overall employment landscape.
Aerospace and Defense in Arizona had a total of 52,100 direct employees in 2019.
The statistic that Aerospace and Defense in Arizona had a total of 52,100 direct employees in 2019 indicates the significant workforce size dedicated to this sector within the state. This data point showcases the substantial employment opportunities provided by the aerospace and defense industry in Arizona, highlighting its importance in driving economic growth and contributing to job creation. The presence of over 52,000 direct employees also underscores the sector’s role as a key employer within the state, further emphasizing its significance in terms of labor market dynamics and overall industry development in Arizona.
Arizona’s technology industry employs more than 168,200 people as of 2020.
The statistic ‘Arizona’s technology industry employs more than 168,200 people as of 2020’ indicates the significant contribution of the technology sector to the state’s economy in terms of employment. This figure represents the total number of individuals directly employed in various technology-related roles within Arizona, ranging from software developers and engineers to IT specialists and data analysts. The fact that over 168,200 people are employed in the technology industry highlights the sector’s importance as a major source of job opportunities and economic growth within the state, reflecting the continued expansion and relevance of technology in Arizona’s workforce and overall development.
Arizona added 2,673 new jobs in the technology sector in 2020.
The statistic stating that Arizona added 2,673 new jobs in the technology sector in 2020 indicates growth and expansion in the state’s technology industry. This increase in jobs suggests a positive trend towards the development and innovation within the technology sector in Arizona throughout the year. Additionally, the rise in technology jobs can also signify increased investment, demand for tech-related services, and overall economic growth within the state. It highlights the potential for Arizona to become a hub for technology companies and professionals, showcasing a promising outlook for the future of the technology industry in the region.
Arizona’s renewable energy sector employed more than 10,300 people in 2020.
The statistic “Arizona’s renewable energy sector employed more than 10,300 people in 2020” indicates the significant impact and growth of renewable energy industries within the state. This data point highlights the increasing adoption of renewable energy sources like solar, wind, and hydroelectric power in Arizona, which has created job opportunities for over 10,300 individuals. The figure represents the workforce directly involved in the design, manufacturing, installation, maintenance, and operation of renewable energy technologies. This statistic showcases the economic benefits and sustainability of transitioning towards renewable energy sources within the state, signaling a positive trend towards a more environmentally friendly and diverse energy industry in Arizona.
Arizona is a leader in solar power, ranking second in total installed solar capacity as of 2021.
The statistic “Arizona is a leader in solar power, ranking second in total installed solar capacity as of 2021” indicates that Arizona has made significant progress in utilizing solar energy as a source of power within the state. By ranking second in total installed solar capacity, it suggests that Arizona has heavily invested in solar infrastructure and technology to generate electricity from sunlight. This accomplishment highlights Arizona’s commitment to renewable energy sources and its efforts to reduce reliance on fossil fuels for electricity generation. Furthermore, being a top state for solar power also showcases Arizona’s potential to contribute to mitigating climate change through the adoption of clean energy practices.
Arizona’s Food and Beverage Industry is one of the fastest-growing industries statewide in 2019.
The statistic “Arizona’s Food and Beverage Industry is one of the fastest-growing industries statewide in 2019” suggests that in the state of Arizona, the sector encompassing food and beverage businesses experienced significant growth compared to other industries during the year 2019. This growth may be indicated by increases in revenue, employment opportunities, new establishments opening, or a surge in consumer demand for food and beverage products and services. The statistic implies that the food and beverage industry in Arizona exhibited promising expansion and economic vitality in 2019, potentially making it a key driver of overall economic growth and development in the state.
More than 200 bioscience companies have operations in Arizona as of 2020.
The statistic that more than 200 bioscience companies have operations in Arizona as of 2020 highlights the significant presence and growth of the bioscience industry in the state. This data underscores Arizona’s position as a hub for biotechnology, pharmaceuticals, medical devices, and related sectors, reflecting the region’s commitment to fostering innovation and research in the life sciences. The large number of bioscience companies operating in Arizona suggests the availability of a skilled workforce, supportive business environment, and potential for collaboration and growth within the industry. This statistic serves as a testament to Arizona’s potential as a leading bioscience destination and signifies the positive impact of these companies on the state’s economy and reputation in the field.
Arizona’s construction industry saw a significant surge in employment, with a growth rate of 8.8% in 2019.
The statistic indicates that Arizona’s construction industry experienced a notable increase in employment during the year 2019, showing a growth rate of 8.8%. This surge in construction industry employment reflects a positive trend in the state’s economy, as increased construction activity typically signifies overall economic expansion. Such growth can be attributed to various factors like increased demand for housing, infrastructure development projects, and favorable economic conditions driving increased construction investments. This statistic not only highlights the vitality of Arizona’s construction sector but also suggests potential benefits for related industries and the state’s overall economic health.
The finance industry added more than 7,000 new jobs in Arizona in 2019.
The statistic indicates that the finance industry in Arizona experienced growth in employment by adding over 7,000 new jobs in the year 2019. This demonstrates a positive trend in the finance sector in Arizona, suggesting potential economic expansion and increased demand for financial services within the state. The influx of new jobs not only contributes to the overall job market development but also signifies the industry’s confidence in Arizona’s economic environment and potential for continued growth. This statistic could be used to assess the health and vitality of the finance industry in Arizona and its impact on the broader economy of the state.
Arizona’s real estate sector had a total GDP contribution of $28.7 billion in 2018.
The statistic “Arizona’s real estate sector had a total GDP contribution of $28.7 billion in 2018” indicates the economic significance of the real estate industry within the state of Arizona during that year. The Gross Domestic Product (GDP) of $28.7 billion represents the total value of goods and services produced within the real estate sector in Arizona. This figure reflects the key role that the real estate industry plays in generating economic activity, creating jobs, and contributing to overall economic growth in the state. It also suggests that the real estate sector is a major driver of Arizona’s economy and highlights the importance of monitoring and supporting its continued growth and development.
In Arizona, the bioscience and health care industry saw a job growth rate of 18% from 2016 to 2021.
The statistic indicates that in the state of Arizona, the bioscience and health care industry experienced a significant surge in job opportunities over the five-year period from 2016 to 2021, with a notable job growth rate of 18%. This growth rate signifies a substantial increase in the number of jobs within this industry sector during this timeframe, reflecting a strong demand for professionals in fields related to bioscience and health care within the state. Such rapid job growth can indicate a thriving industry with ample opportunities for individuals seeking employment in these sectors.
Arizona’s technology exports amounted to $4.6 billion in 2021, supporting 18,600 jobs.
The statistic states that Arizona’s technology exports totaled $4.6 billion in 2021, indicating the value of technology products and services that were sold overseas from the state. This export value signifies a significant contribution to the economy, with the industry supporting 18,600 jobs in Arizona. The high value of technology exports suggests that the sector is a key driver of economic growth and employment opportunities within the state. Additionally, a strong technology export sector can lead to increased revenue, innovation, and competitiveness for Arizona companies in the global marketplace.
References
0. – https://www.www.comptia.org
1. – https://www.www.seia.org
2. – https://www.www.azcommerce.com
3. – https://www.fred.stlouisfed.org
4. – https://www.azbigmedia.com
5. – https://www.www.cisa.gov
6. – https://www.www.nam.org
