Arizona Economy 17th Among US States

The Phoenix Business Journal reports that Arizona has the 17th largest economy among the US states. Arizona’s gross state product is $210 billion in 2008, in spite of the real estate crash and the recession. That’s down 0.6% from 2007.

US Bureau of Economic Analysis data shows that Arizona’s gross state product is larger than that of Missouri, Tennessee, Colorado, Wisconsin, Nevada and Indiana. It is less than that of Washington state, Maryland and Minnesota.

Arizona’s $210 billion economy would rank 50th worldwide if it were a country. That’s ahead of Denmark, Israel, Ireland and Iran.