Graph and download economic data for Gross Domestic Product: All Industry Total in Arizona (AZNGSP) from 1997 to 2023 about AZ, GSP, industry, GDP, and USA.

In 2023, the real gross domestic product (GDP) of Arizona amounted to 414.27 billion U.S. dollars. This is an increase from the previous year, when the state's GDP amounted to 403.47 billion U.S. dollars.

In 2023, the real GDP of Arizona increased by about three percent compared to 2022. Arizona's real GDP saw the highest growth in 2005, when it grew by 7.1. Arizona's real GDP saw the most loss in 2009, when it decreased by 8.2. The GDP of the United States grew by 2.9 percent in 2023.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Arizona (AZRQGSP) from Q1 2005 to Q3 2024 about AZ, GSP, real, industry, GDP, and USA.

In 2023, the finance, insurance, real estate, rental, and leasing industry added the most real value to the GDP of Arizona, amounting to around 98.75 billion U.S. dollars. In comparison, the agriculture industry added about 2.05 billion chained 2017 U.S. dollars to Arizona's GDP.

Graph and download economic data for Total Real Gross Domestic Product for Phoenix-Mesa-Scottsdale, AZ (MSA) (RGMP38060) from 2001 to 2023 about Phoenix, AZ, real, industry, GDP, and USA.

In 2023, the per capita real gross domestic product of Arizona stood at 55,747 chained 2017 U.S. dollars, a slight increase from the previous year. Since 2000, the real per capita GDP of Arizona was at its highest in 2023.

Graph and download economic data for Gross Domestic Product: All Industries in Maricopa County, AZ (GDPALL04013) from 2001 to 2023 about Maricopa County, AZ; Phoenix; AZ; industry; GDP; and USA.

Gross Domestic Product: Private Industries in Arizona was 496712.00000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Private Industries in Arizona reached a record high of 496712.00000 in July of 2024 and a record low of 192330.70000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Private Industries in Arizona - last updated from the United States Federal Reserve on March of 2025.

35,508.2 (millions of current dollars) in 2023Q1. Current-dollar GDP (millions of current dollars)

In 2019, the value added to the national gross domestic product of the United States from Arizona's arts and culture production industry reached 10.87 billion U.S. dollars. Its lowest was in 2001 when the value added was at 6.22 billion U.S. dollars.

9,095.4 (millions of current dollars) in 2023Q1. Current-dollar GDP (millions of current dollars)

Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (NAICS 21) in Arizona was 6769.50000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (NAICS 21) in Arizona reached a record high of 8103.40000 in April of 2022 and a record low of 2481.80000 in January of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (NAICS 21) in Arizona - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Gross Domestic Product: State and Local in Arizona (AZGOVSLNGSP) from 1997 to 2023 about state & local, AZ, GSP, government, industry, GDP, and USA.

479.758,8 (million US dollars) in 2023Q1. Gross state product (GSP). A measurement of a state's output; it is the sum of value added from all industries in the state. GSP is the state counterpart to the Nation's gross domestic product (GDP). Value added. The gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to gross domestic product (GDP). Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

24,784.4 (millions of current dollars) in 2023Q1. Current-dollar GDP (millions of current dollars)

United States GDPS: saar: Arizona data was reported at 344.636 USD bn in Jun 2018. This records an increase from the previous number of 338.566 USD bn for Mar 2018. United States GDPS: saar: Arizona data is updated quarterly, averaging 264.997 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 344.636 USD bn in Jun 2018 and a record low of 219.858 USD bn in Mar 2005. United States GDPS: saar: Arizona data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A124: NIPA 2018: GDP by State: Southwest Region: Current Price: saar.

Graph and download economic data for Real Gross Domestic Product: Government and Government Enterprises in Yuma County, AZ (REALGDPGOVT04027) from 2001 to 2023 about Yuma County, AZ; Yuma; enterprises; AZ; government; real; GDP; and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Azerbaijan GDP: % of GDP: Imports of Goods and Services data was reported at 34.574 % in 2023. This records an increase from the previous number of 26.995 % for 2022. Azerbaijan GDP: % of GDP: Imports of Goods and Services data is updated yearly, averaging 37.979 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 76.028 % in 1993 and a record low of 20.681 % in 2010. Azerbaijan GDP: % of GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Gross Domestic Product: Share of GDP. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;