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A1US GDP 2025 $30.86T│A2Real growth +2.3%│A3CPI, 12 mo to Sep 2026 +3.7%│A4Unemployment 2025 4.3%BEA · BLS · Census — updated October 29, 2026
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AZ!A1=PROFILE("Arizona")

Arizona economy

Arizona produced $592.1 billion of goods and services in 2025, ranking #15 among the states. Below: growth, income, prices, jobs and the industries behind the total.

Capital Phoenix7,623,818 people, 2025Statehood 1912Southwest region
GDP, 2025$592.1B#15 of 51 · 1.9% of US
Real GDP growth, 2025+1.5%#36 of 51 · US +2.3%
Income per person, 2025$68,373#35 of 51 · US $77,028
Unemployment, September 20264.9%#46 of 51 · #1 = lowest
Fig. 1GDP, 1997–2025Current dollars and real (chained 2017) dollars, billions
$0B$200B$400B$600B200020052010201520202025Current dollarsReal, 2017 dollars
Current dollarsReal, 2017 dollars

BEA, GDP by state (SAGDP1). 2025 is the latest annual estimate.

Industries, 2025

Value added by industry and its share of the state economy; rank among 51 by share.

IndustryValue addedSharevs US shareRank
Real estate$100.0B16.9%+3.2 pp2
Government$57.7B9.7%−1.4 pp38
Manufacturing$44.0B7.4%−2.1 pp36
Finance & insurance$58.1B9.8%+1.1 pp13
Professional services$33.7B5.7%−2.3 pp34
Health care$50.3B8.5%+0.9 pp21
Wholesale trade$33.4B5.6%−0.7 pp30
Retail trade$42.3B7.1%+1.3 pp10
Information$19.8B3.3%−2.4 pp24
Construction$37.3B6.3%+2.0 pp5
Transportation & warehousing$19.1B3.2%0.0 pp25
Accommodation & food$20.7B3.5%+0.4 pp17
Administrative & waste services$24.1B4.1%+1.1 pp1
Other services$11.1B1.9%−0.2 pp41
Management of companies$8.3B1.4%−0.4 pp29
Utilities$10.8B1.8%+0.2 pp19
Mining, oil & gas$6.7B1.1%−0.2 pp15
Education$6.4B1.1%−0.1 pp18
Arts & recreation$5.5B0.9%−0.1 pp25
Agriculture$2.8B0.5%−0.3 pp36
Fig. 2Unemployment rate, 2000–2026Monthly, seasonally adjusted, percent of the labor force
0%5%10%15%200020052010201520202025Unemployment rate

BLS, Local Area Unemployment Statistics. Latest month: September 2026.

Metro areas in Arizona

Metro areas with at least one county in the state; multi-state metros are shown in full. Sums of BEA county estimates, 2024.

Metro areaPopulationGDPIncome per personUnemployment
Phoenix-Mesa-Chandler, AZ5,186,958$435.5B$70,0553.8%
Tucson, AZ1,080,149$66.7B$60,4254.3%
Prescott Valley-Prescott, AZ252,013$12.1B$60,8544.1%
Lake Havasu City-Kingman, AZ226,479$9.5B$48,5865.1%
Yuma, AZ220,310$11.4B$47,58214.0%
Flagstaff, AZ145,161$10.7B$63,7944.7%
Sierra Vista-Douglas, AZ125,773$6.6B$55,3035.2%