traducir al español

AZ Economics

AZ EconomicsAZ EconomicsAZ Economics

AZ Economics

AZ EconomicsAZ EconomicsAZ Economics
  • Arizona
  • AZ Counties
    • Apache County
    • Cochise County
    • Coconino County
    • Gila County
    • Graham County
    • Greenlee County
    • La Paz County
    • Maricopa County
    • Mohave County
    • Navajo County
    • Pima County
    • Pinal County
    • Santa Cruz County
    • Yavapai County
    • Yuma County
  • US Economic Research
  • More
    • Arizona
    • AZ Counties
      • Apache County
      • Cochise County
      • Coconino County
      • Gila County
      • Graham County
      • Greenlee County
      • La Paz County
      • Maricopa County
      • Mohave County
      • Navajo County
      • Pima County
      • Pinal County
      • Santa Cruz County
      • Yavapai County
      • Yuma County
    • US Economic Research
  • Arizona
  • AZ Counties
  • US Economic Research

Arizona Economic Information, Data & Statistics

Arizona Economic Information, Data & StatisticsArizona Economic Information, Data & StatisticsArizona Economic Information, Data & Statistics
español

Arizona's Population: 7,151,502

Arizona's population as of Census 2020 was 7,151,502, up 11.9% from 2010 making Arizona the 9th fastest-growing state over the decade. All Arizona counties saw population gains from 2010 to 2020, except La Paz (-19.2%), Apache (-7.7%), Cochise (-4.5%), Navajo (-0.7%), and Gila (-0.6%). The strongest population growth from 2010 to 2020 of Arizona's 15 counties was Maricopa (+15.8%), followed by Greenlee (+13.3%), Pinal (+13.2%), and Yavapai (+11.9%). Maricopa County accounted for 80% of the statewide population gains from 2010 to 2020. Arizona's population is projected to reach 7.8 million in 2025 and 10.5 million in 2055, according to pre-Census 2020 projections by Arizona Office of Economic Opportunity.

AZ Population (1860-current) (xlsx)

Download

AZ Population Projections (2025 to 2055) (xlsx)

Download

Arizona Census Library

Check it out

Labor Market

UNEMPLOYMENT: Arizona's unemployment rate in 2021 was 4.9% (down from 7.7% in 2020, the first year of the COVID pandemic). At the peak of COVID business closures, the unemployment rate in Arizona hit a high of 13.5% in April 2020. Arizona’s unemployment rate of 4.9% in 2021 was lower than the nationwide rate of 5.3%.


NONFARM PAYROLL EMPLOYMENT: Arizona gained 104,100 jobs in 2021 for annual job growth of 3.6%. The largest number of job gains, based on average monthly job numbers for the year, was in accommodation and food services, which added 24,300 jobs (10.1%). By job growth rate, arts, entertainment, and recreation saw the biggest increase, with job numbers gaining 14.5% (4,900 jobs). Arizona's government sector declined by 1.4% in 2021. Within the government sector, federal jobs were down by 1,400 (-2.4%), state government jobs declined by 900 (-1.0%), and local governments dropped 3,400 jobs (-1.3%).


Note: Labor force, employment, unemployment, and jobs data on this site are updated annually. For the most recent monthly labor market data, visit Arizona Office of Economic Opportunity. 

AZ Labor Force, Employment & Unemployment (2000-current) (xlsx)

Download

AZ Nonfarm Payroll Employment (seasonally adjusted) (1990-current) (xlsx)

Download

AZ Nonfarm Payroll Employment (not seasonally adjusted) (1990-current) (xlsx)

Download

BLS Economy at a Glance: Arizona

Get it!

Personal Income & Wages

PERSONAL INCOME: In 2021, Arizona had a per capita personal income (PCPI) of $54,301. This PCPI ranked 41st in the United States and was 86% of the national average, $63,444. The 2021 PCPI reflected an increase of 5.8% from 2020. The 2020-2021 national change was 7.3%. In 2011, the PCPI of Arizona was $35,321 and ranked 41st in the United States. The 2011-2021 compound annual growth rate of PCPI was 4.4%. The compound annual growth rate for the nation was 4.0%.


WAGES: The average annual wage in Arizona in 2020 was $53,396 ($25.67 hourly), up 4.8% from 2019. Arizona's annual wage in 2020 was 95% of the national average wage of $56,310 ($27.07).

AZ Personal Income (1929-current) (xlsx)

Download

AZ Employment & Wages (by Occupation) (2018-current) (xlsx)

Download

BEA Regional Fact Sheet: Arizona

BEARFACTS

Major Industry Sales

In 2021, Arizona's retail sales were up 19% following a 6.5% gain in 2020. Restaurant & bar sales were up 28.6% in 2021, after a COVID-related decline of 13.5% the year prior. Arizona's hotel/motel receipts were up 44.1% in 2021, rebounding from a 28.5% drop in 2020.

AZ Major Industry Sales (2009-current) (xlsx)

Download

Arizona Businesses (by Legal Form of Organization & Employment Size Class)

AZ Business Patterns

Gross Domestic Product

In 2021, Arizona current-dollar GDP was $411,191.8 million and ranked 20th in the United States. In 2011, Arizona GDP was $260,915.7 million and ranked 22nd in the United States. In 2021, Arizona real GDP grew 5.3%; the 2020-2021 national change was 5.7%. The 2011-2021 compound annual growth rate for Arizona real GDP was 2.4%; the compound annual growth rate for the nation was 2.0%.

AZ Gross Domestic Product (by Industry) (1997-current) (xlsx)

Download

Nonemployer Business Establishments & Sales (by Industry)

AZ Nonemployers

Real Estate & New Home Construction

HOME SALES, PRICES & DAYS ON MARKET: In 2021, home sales in Arizona were up 2.5% and were at their highest level on record, according to data from Arizona Regional Multiple Listing Service. In March 2022, the median price of homes sold in  Arizona  was $460,000, up 28.0% from March 2021. The Average Cumulative Days on Market for homes sold in March 2022 was 32, down from 37 in March 2021.


NEW HOME CONSTRUCTION: In 2021, there were 46,561 new single-family homes built in Arizona, up 10.1% from 2020. The average permit value in 2021 was $272,032, up 1.6% from the year prior.  

AZ New Residential Construction (building permits & valuation) (1995-current) (xlsx)

Download

Arizona Agriculture Profile

AG Profile

Tourism

Visits & Impact

In 2021, visits to national parks in Arizona (including monuments, memorials, and sites) were up 37.2%, rebounding from the COVID-related decline of 35.0% in 2020. Visits to state parks in Arizona were up  2.8% in 2021 after falling 5.6% in 2020. Visits to the Grand Canyon (Arizona's busiest national park) were up 56.5% in 2021, after dropping 51.5% in 2020. Visits to Lake Havasu (Arizona's busiest state park) were down 17.8% in 2021, following a 22.5% jump in 2020. Visits to Arizona lakes and recreation areas were down generally in 2021, following increases in 2020 due to the COVID pandemic and deferral of long-distance travel that year.


According to research by Dean Runyan Associates for Arizona Office of Tourism, Arizona's travel industry (including business and leisure travel) generated $15 billion in direct spending in 2020, down 41.2% from 2019. Arizona's travel industry supported 160,500 jobs (down 17.4%) with earnings of $6.7 billion (down 12.9%) in 2020, according to the study.

Tourism Research & Data

Check out Arizona Office of Tourism for research and marketing resources for the Arizona tourism industry.

Arizona Office of Tourism

Census Data Profile (Arizona)

Data Profile

Cross-border Economy

BORDER CROSSINGS: In 2021, pedestrian border crossings into the US at Arizona ports of entry were up 11.5% after declining 44.7% in 2020, the first year of the COVID pandemic.  The number of personal vehicle passengers was up 31.4% in 2021 following a 42% drop in 2020. Despite the increases in 2021, both pedestrian and vehicle passenger border crossings at Arizona land ports remained at near-record lows (with the record low set in 2020 and records back to 1996).


INTERNATIONAL TRADE: In 2020, the value of international trade (imports and exports) passing through Arizona ports of entry totaled $26.4 billion, down 12.9% from 2019. Exports totaled $10 billion (down 14.4%) while imports came in at $16.4 billion (down 11.9%).

AZ Land Border Crossings (1996-current) (xlsx)

Download

AZ International Trade (2006-current) (xlsx)

Download

Arizona Economic Indicators (UARIZONA-EBRC)

Go there!

Bank Deposits

BANK DEPOSITS: In 2021, bank deposits in Arizona (as of June 30) were up 18.1% from 2020. That follows 21.6% growth the year prior - the highest on record (with records back to 1994). Deposits in 2020 and 2021 were helped along by COVID stimulus payments and programs.

AZ Bank Deposits (1994-current) (xlsx)

Download

AZ Economics is a free service of US ECONOMIC RESEARCH


traducir al español

  • Arizona
  • Apache County
  • Cochise County
  • Coconino County
  • Gila County
  • Graham County
  • Greenlee County
  • La Paz County
  • Maricopa County
  • Mohave County
  • Navajo County
  • Pima County
  • Pinal County
  • Santa Cruz County
  • Yavapai County
  • Yuma County
  • Terms of Use