Department of Numbers

Arizona GDP

Arizona GDP was $411,192,000,000 in 2021 according to BEA data. Arizona GDP represents 1.79% of US GDP which made it the 20th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Arizona

2021
(Billions)
1 Year Change 3 Year Change 5 Year Change
Arizona $411.192 +5.64% +9.52% +17.32%

Trends in Arizona Real GDP

Over the 5 years ending in 2021 the Arizona economy grew in real terms by 17.32% at a compound annual growth rate of 3.25% per year. Real Arizona GDP, at $411.192 bn in 2021, is at the highest level recorded to date.

Real GDP (2021 Dollars): Arizona

Historical Real GDP (2021 Dollars) data for Arizona

Date Arizona
(Billions)
2021 $411.192
2020 $389.247
2019 $390.008
2018 $375.437
2017 $362.993
2016 $350.477
2015 $338.512
2014 $328.507
2013 $324.094
2012 $321.304
2011 $314.622

more history ...

Arizona GDP Components: Per-Capita GDP & Popuation

Arizona per-capita GDP was $56,511 in 2021. which is $12,710 lower than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Arizona

2021 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $69,221 +5.53% +3.34% +7.37%
Arizona Per-Capita GDP $56,511 +4.21% +7.84% +11.98%
Arizona Population 7,276,316 +1.37% +1.56% +4.77%

Trends Real in Arizona Real Per-Capita GDP & Population

Real Arizona per-capita GDP is 11.98% higher today than 5 years prior in 2016. In that time the population in Arizona grew by 331,549 (4.77%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Arizona shown above.

Real Per-Capita GDP (2021 Dollars): Arizona, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for Arizona

Date US Per-Capita GDP Arizona Per-Capita GDP Arizona Population
2021 $69,221 $56,511 7,276,316
2020 $65,595 $54,228 7,177,986
2019 $68,164 $53,485 7,291,843
2018 $66,987 $52,404 7,164,228
2017 $65,472 $51,502 7,048,088
2016 $64,472 $50,466 6,944,767
2015 $63,906 $49,542 6,832,810
2014 $62,711 $48,792 6,732,873
2013 $61,792 $48,848 6,634,690
2012 $61,132 $49,007 6,556,344
2011 $60,234 $48,602 6,473,416

more history ...