By InBusiness Phoenix
A new report comparing state economies ranks Arizona no. 1 for economic performance over the last decade. The latest Rich States, Poor States analysis from the American Legislative Exchange Council gave Arizona the highest marks in the country in its annual ranking based on the state’s Gross Domestic Product (GDP), population, and job growth. This year’s survey is the first time Arizona ranked no. 1 for economic performance.
In addition, Arizona ranked no. 3 for economic outlook, a measure that predicts future economic performance based on 15 policy variables including a state’s tax burden, public debt, and cost of doing business. Arizona’s economic outlook ranking improved ten spots from no. 13 over the last year.
“Governor Ducey and our legislators deserve immense credit for advancing policies that have made Arizona the best place for business and innovation anywhere in the country,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “With advanced industries such as semiconductors, electric vehicles, batteries, medical technology and more surging, we look forward to continue driving economic growth in all parts of our state.”
