Economy of Arizona

The Economy of Arizona had a total gross state product $508 billion in 2023.

[1] The composition of the state's economy is moderately diverse; although health care, transportation and the government remain the largest sectors.

[3] Early in its history, Arizona's economy relied on the "five C's": copper (see Copper mining in Arizona), cotton, cattle, citrus, and climate (tourism).

However, some cities in Arizona do levy a tax on food for home consumption.

These added assessments could push the combined sales tax rate to as high as 10.7%.