A locked padlock We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Rounding out the list were three suburbs of Boise, Idaho: Meridian (5.2%), Caldwell (5.2%) and Nampa (5.0%). From March through August 8, unemployment insurance alone has injected $8.7 billion into the Arizona economy. On June 30, 2022, the Census Bureau will release estimates of the July 1, 2021, population by age, sex, race, and Hispanic origin for the nation, states and counties, and population by age and sex for the Commonwealth of Puerto Rico and Puerto Rico municipios. Note: The inputs remained the same for all migration scenarios. Please check your download folder. This report highlights projected demographic changes of slower growth, considerable aging, and increased racial and ethnic diversity. While it is difficult to foresee the long-run impacts of the pandemic on Arizona while we are in the middle of the crisis, we do know that the factors that drive long-run economic performance in our per capita standard of living will be innovation, physical capital, and public infrastructure. These data result from a survey of establishments and exclude agricultural workers and the self employed. The series uses the cohort-component method and historical trends in births, deaths, and international migration to project the future size and composition of the national population. In total, the state collected over $6.5billion in sales tax revenue during FY 2019, a 6.7% increase from FY 2018. The population of Arizona in 2020 was 7,179,943, a 1.53% decline from 2019. December 6, 2021 View Ellers 2021 Economic Outlook event, featuring EBRC director George Hammond and former Chase chief economist Anthony Chan. A lock ( The 30-year forecasts call for job, income, and sales growth in Arizona to gradually decelerate, reflecting slowing population gains due to the aging of the baby boom generation. As Exhibit 1 shows, state job gains rebound strongly from the COVID-19 recession, then decelerate to just over 1.0% per year by 2050. Arizona's per capita personal income gap with the U.S. is expected to decline from -18.4% in 2019 to -13.0% by 2050. Use Ask Statista Research Service. Arizonas per capita personal income gap with the U.S. is expected to decline from -18.4% in 2019 to -13.0% by 2050. Demographics will weigh on growth during the next 30 years, as natural increase shrinks as a source of population gains. ) or https:// means youve safely connected to the .gov website. A lock ( Similarly, the state needs to invest in public infrastructure, like highways and roads, water and sewer, telecommunications, airports, and border ports of entry, to ensure that the state is competitive around the U.S. and globally. The forecast assumes that the current executive order affecting activity at bars, indoor gyms, indoor movie theaters, and other activities, expires in August. That translated into 2.6% of Arizonas total personal income last year. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Population Projections - Arizona Business Know How With each new release of annual estimates, the entire time series of estimates is revised for all years back to the date of the last census. The Phoenix MSA is home to 67% of the states population and has been one of the top growth areas in the nation. Get full access to all features within our Business Solutions.