Tuesday, January 1, 2013

Arizona comes in 38th among state for per capita Gross State Product - Minneapolis / St. Paul Business Journal:

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Arizona’s per capita GSP came in at $32,343 for 2008 comparec to $33,300 in 2007, according to the BEA. Gross state produc t is a measurement of the economic output ofa state. Delaware has the largesr per capita GSP inthe U.S. At Mississippi the lowest at Arizona ranks 43rd in GSP growth for 2008 with adisappointing –0.6 percent GSP figure 2008 versus 2007. Alasksa and its oil dependent economyh was a 2 percent drop in GSP 2007versuss 2008, the worst of any U.S. State. North Dakotqa saw its economy grow 7 percent durinyg the same time frame the bestgrowth mark, accordingf BEA. Arizona’s economy makews up 1.8 percent of the overall U.S.
economy compareds with California’s 13 Arizona State University economist Lee McPheterssaid Arizona’es economy grew by 8.7 percent in 2005 comparec to 2008’s 0.6 percent loss.

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