Arizona quarter GDP hits record high; beats U.S. GDP growth

gdpBy Eric Jay Toll | Phoenix Business Journal

Arizona’s gross domestic product hit an all-time high in the first quarter, growing 23.4 percent since the darkest days of the Great Recession.

The $296.6 billion GDP for Q1 2016 was a 3.5 percent gain over Q1 2015. The U.S. economy grew 3.3 percent over that same period. The state’s GDP was up 0.8 percent from Q4 2015, double the U.S. quarterly growth of 0.4 percent from the fourth quarter.

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