Arizona Economy Ranks Just Outside of the Top 10 Nationally

Article originally posted on KTAR News on June 7, 2019

PHOENIX — Arizona’s high GDP growth and increase in nonfarm payrolls helped its overall economy to a No. 11 rank nationally in a recent study.

According to a study by WalletHub.com, Arizona ranked fourth nationally in both GDP growth and nonfarm payrolls, two of the many indicators the survey took into consideration.

“We looked at around 30 different indicators of economic performance from state-to-state,” WalletHub spokesperson Jill Gonzalez told KTAR News 92.3 FM.“So that ranges from GDP growth to start-up activity to share of jobs in high-tech industry, and Arizona did pretty well.”

Thirty indicators were then consolidated to three categories: economic activity, economic health and innovation potential. Arizona ranked No. 12, 10 and 14, respectively, among the categories.

Washington, Utah and Massachusetts ranked as the top three states, in order. Washington ranked No. 1 in economic activity, Utah ranked No. 1 in economic health and Massachusetts ranked No. 1 in innovation potential.

West Virginia, Hawaii, Mississippi, Louisiana and Alaska rounded out the bottom five economies on the list.

KTAR News 92.3 FM’s Nailea Leon contributed to this report.

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