Are you looking for storage spaces for rent in Arizona? Take a look into the listings above to discover the ideal space for you.Arizona is home to a diverse range of industries that provide a broad base of income and employment opportunities. According to the U.S. Bureau of Labor Statistics, Arizona's labor force was comprised of 3.3 million people in 2020, with the largest industries being education and health services, professional and business services, leisure and hospitality, and government. The state's Gross Domestic Product (GDP) in 2021 was over $429.8 billion,ranking 19th in the country (https://balancingeverything.com/gdp-by-state/)
The state's largest industries are tourism, aerospace and defense, construction, and mining. Tourism is an important contributor to the Arizona economy, providing more than $23.6 billion in economic activity in 2021 (https://tourism.az.gov/economic-impact/)
The aerospace and defense industry is also a major employer, with the state's four military installations and numerous aerospace and defense contractors providing jobs for thousands of people. The construction industry is another major employer in the state, with construction activity contributing over $14 billion to the state's economy in 2019. Mining is another major industry in Arizona, with copper being the state's most valuable mineral.
Arizona is also home to a thriving technology sector, with the state ranking as the fourth-largest tech hub in the U.S. in 2020. Companies such as Intel, Amazon, Apple, and Microsoft have all established major operations in the state, creating thousands of high-paying jobs. The state is also home to a growing number of start-ups and venture capital firms, providing additional economic opportunities.
Overall, Arizona's economy is strong and continues to grow. The state is ranked as the 29th largest economy in the U.S., with a GDP of $429.8 billion in 2021 (https://balancingeverything.com/gdp-by-state/)
The state's labor force is expected to grow by 1.5% annually through 2023, and the state's industries, including tourism, aerospace and defense, construction, and mining, are all expected to experience growth in the near future.