Department of Numbers

Arizona GDP

Arizona GDP was $370,119,000,000 in 2019 according to BEA data. Arizona GDP represents 1.73% of US GDP which made it the 20th largest state economy in the nation in 2019.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Arizona

2019
(Billions)
1 Year Change 3 Year Change 5 Year Change
Arizona $370.119 +3.68% +11.34% +19.95%

Trends in Arizona Real GDP

Over the 5 years ending in 2019 the Arizona economy grew in real terms by 19.95% at a compound annual growth rate of 3.70% per year. Real Arizona GDP, at $370.119 bn in 2019, is at the highest level recorded to date.

Real GDP (2019 Dollars): Arizona

Historical Real GDP (2019 Dollars) data for Arizona

Date Arizona
(Billions)
2019 $370.119
2018 $356.979
2017 $344.108
2016 $332.431
2015 $320.424
2014 $308.563
2013 $303.412
2012 $300.947
2011 $295.063
2010 $289.829
2009 $288.053

more history ...

Arizona GDP Components: Per-Capita GDP & Popuation

Arizona per-capita GDP was $50,849 in 2019. which is $14,391 lower than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Arizona

2019 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $65,240 +1.67% +5.93% +9.49%
Arizona Per-Capita GDP $50,849 +1.96% +6.17% +10.91%
Arizona Population 7,278,717 +1.69% +4.86% +8.15%

Trends Real in Arizona Real Per-Capita GDP & Population

Real Arizona per-capita GDP is 10.91% higher today than 5 years prior in 2014. In that time the population in Arizona grew by 548,304 (8.15%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Arizona shown above.

Real Per-Capita GDP (2019 Dollars): Arizona, National

Historical Real Per-Capita GDP (2019 Dollars) and Population data for Arizona

Date US Per-Capita GDP Arizona Per-Capita GDP Arizona Population
2019 $65,240 $50,849 7,278,717
2018 $64,168 $49,871 7,158,024
2017 $62,633 $48,851 7,044,008
2016 $61,590 $47,893 6,941,072
2015 $60,982 $46,916 6,829,676
2014 $59,587 $45,846 6,730,413
2013 $58,537 $45,744 6,632,764
2012 $57,870 $45,911 6,554,978
2011 $56,997 $45,586 6,472,643
2010 $56,531 $45,235 6,407,172
2009 $55,573 $45,412 6,343,154

more history ...