Arizona Ranked Number 1 In The Nation In Economic Growth...

Ariz. growth fastest of '05, from the Arizona Republic, reports that Arizona ranked number 1 in the nation in economic growth. Gross state product, which measures the output produced by labor and capital, increased 8.7 percent between 2004 and 2005, according to the U.S. Bureau of Economic Analysis. Between 2003 and 2004, Arizona's increase was 4.2 percent. The boost was fueled by construction, followed by state and local government, health care, retail trade, administrative services, finance/insurance and durable goods. The greatest regional growth in the U.S. came from the West and included Nevada, up 8.2 percent; Idaho, up 7.5 percent; and Oregon, up 6.7 percent.



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