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- All Subjects: Income
- All Subjects: Economic development
- Creators: Rex, Tom R.
For decades, Arizona was one of the national leaders in aggregate economic growth, as measured by the percent change in measures such as gross product and employment. However, its growth rate always has been highly cyclical. During expansionary periods, Arizona always has been among the top states on the rate of growth. During recessions, the Arizona economy generally slumped at a rate similar to the national average, but would experience a rapid recovery. This pattern continued through the economic expansion of the mid-2000s.
Per capita earnings in Arizona has been lower than the national average for decades. The 2011 differential of 19 percent is the largest on record; the typical differential has been between 10 and 15 percent. Thus, for residents who have spent some or all of their working life in the state, the state’s historically low per capita earnings help to explain the state’s below-average per capita property income.
Examines the size and growth of Arizona’s economy and the productivity and prosperity of its residents. Learn about Arizona’s gross product, occupational mix, per capita personal income, and more.
This paper examines population and other demographic issues in the Phoenix metropolitan area and more specifically in the area near Superstition Vistas. Projections of population growth metrowide and in Superstition Vistas are provided.