Real GDP (chained 2017 dollars)
$451,494,000,000
2025 · BEA
Real GDP growth
1.5%
2025 · Annual % change in BEA real GDP
Per capita personal income
$68,373
2025 · BEA
Median household income (CPS)
$86,570
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
11.9%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
Nominal GDP (current dollars)
$592,103,000,000
2025 · BEA
Government jobs
431,433
2025 · BLS Current Employment Statistics
GDP
Total economic output.
Real GDP (chained 2017 dollars)
$451,494,000,000
2025 · BEA
Rank
19th in the U.S.
Share of U.S. GDP
1.8%
Real GDP (chained 2017 dollars)
1997–2025$451,494,000,000▲ 150%
BEA, chained 2017 dollars (FRED AZRGSP).
| Indicator | Arizona | U.S. |
|---|---|---|
| GDP (USD B) | 528 | 29200 |
- •Arizona is becoming a semiconductor hub: TSMC and Intel are investing more than $85 billion combined near Phoenix.
GDP Growth
Real growth of output.
Real GDP growth
1.5%
2025 · Annual % change in BEA real GDP
Rank
Top 10 fastest growing
Real GDP growth
1998–20251.5%
Annual % change in BEA real GDP (AZRGSP).
| Indicator | Arizona | U.S. |
|---|---|---|
| Real GDP growth (%) | 4.0 | 2.9 |
Personal Income
Income per resident.
Per capita personal income
$68,373
2025 · BEA
Personal income per capita
$58,600
Per capita personal income
1970–2025$68,373▲ 1601%
BEA, current dollars (FRED AZPCPI).
| Indicator | Arizona | U.S. |
|---|---|---|
| Personal income per capita (USD) | 58600 | 69000 |
Median Household Income
Typical household income.
Median household income (CPS)
$86,570
2025 · Census CPS ASEC
Median household income
$77,315
Rank
25th in the U.S.
Median household income (CPS)
1984–2025$86,570▲ 304%
Census CPS ASEC, current dollars (FRED MEHOINUSAZA646N).
| Indicator | Arizona | U.S. |
|---|---|---|
| Median household income (USD) | 77315 | 77719 |
Poverty Rate
Share living below the poverty line.
Poverty rate, all ages (SAIPE)
11.9%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
12.2%
Child poverty
16.5%
Poverty rate, all ages (SAIPE)
1989–202411.9%
Census Small Area Income and Poverty Estimates (FRED PPAAAZ04000A156NCEN).
| Indicator | Arizona | U.S. |
|---|---|---|
| Poverty rate (%) | 12.2 | 11.1 |
Inflation
Consumer price change.
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI change
+2.4%
Phoenix metro
+2.2%
CPI inflation, U.S.
2007–20242.9%
BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
| Indicator | Arizona | U.S. |
|---|---|---|
| CPI change (%) | 2.4 | 2.9 |
Economic Output
Output per resident and worker.
Nominal GDP (current dollars)
$592,103,000,000
2025 · BEA
GDP per capita
$69,700
Nominal GDP (current dollars)
1997–2025$592,103,000,000▲ 346%
BEA, current dollars (FRED AZNGSP).
| Indicator | Arizona | U.S. |
|---|---|---|
| GDP per capita (USD) | 69700 | 87200 |
Industry Breakdown
Composition of the economy.
Government jobs
431,433
2025 · BLS Current Employment Statistics
Manufacturing jobs
193,042
2025 · BLS Current Employment Statistics
Construction jobs
224,383
2025 · BLS Current Employment Statistics
Manufacturing share of GDP
8.5%
Largest sector
Real estate & finance
Fast growing
Semiconductors
Government jobs
1990–2025431,433▲ 58%
BLS Current Employment Statistics, annual average (FRED AZGOVT).
Manufacturing jobs
1990–2025193,042▲ 9%
BLS Current Employment Statistics, annual average (FRED AZMFG).
Construction jobs
1990–2025224,383▲ 167%
BLS Current Employment Statistics, annual average (FRED AZCONS).
| Indicator | Arizona | U.S. |
|---|---|---|
| Information sector share of GDP (%) | 14.0 | 5.5 |
More figures
GDP
$519 B
19th in the U.S.
GDP per capita
$68,500
Unemployment rate
3.7%
2024
Median annual wage
$48,900
Fortune 500 HQs
8 companies
Leading sector
Semiconductors & healthcare