In the past seven years Arizona has consistently outgrown the GDP of the US
In 2022, Arizona’s GDP reached $341.8b, representing an increase of 2.5% from 2021. Arizona’s GDP has grown at an annualized rate of 1.3% over the five years to 2022. Moreover, Arizona’s trailing five-year GDP growth ranks it 6th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state’s output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state’s economy.IBISWorld