Archive for September 17th, 2009
By the NUMBERS - Despite falling metal prices, the state’s copper industry saw increases in employment and production in 2008
Arizona’s copper industry
Economics
Estimated direct statewide impact in 2008: $3.86 billion
Combined direct and indirect impact: $10.39 billion
Direct impact in Pima County $1.12 billion
Sales to copper industry by other Arizona businesses: $2.84 billion
Increase in sales from 2007: 16%
Direct tax and fee payments to state and local governments: $165.7 million
Increase in taxes and fees from 2007: 20%
Jobs and income:
Direct copper industry jobs in 2008: 11,200
Increase in direct jobs from 2007: 9%
Peak copper industry employment in Arizona, in 1974: 28,700
Total direct personal income payments: $857 million
Average copper industry weekly earnings, 2008: $1,335
Production
Tons of copper and other minerals: 949,354
Value of production: $6.9 billion
Increase in value from 2007: 13%
SOURCE: Western Economic Analysis Center
Arizona total GDP compared to other countries in the world:
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