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Trade, Transportation & Utilities lead contributor to Phoenix GDP growth

  • ​The Trade, Transportation & Utilities sector was the lead contributor to Phoenix GDP growth from 2015 to 2016. Using a weighted formula of chained dollars to calculate growth, the sector contributed 0.6 percent to GDP increases. Phoenix’s total GDP increased 2.6 percent over that time period.
  • GDP growth in the Valley was largely driven by gains in office using sectors. Professional & Business Services, Financial Activities, Education & Health Services and Information contributed the majority of GDP percent growth.
  • Over the last decade, large employment gains in Education & Health Services, Financial Services and Professional & Business Services have resulted in a major shift in Phoenix’s economy, with an increase of over 132,000 jobs.​

Source: JLL Research; U.S. Bureau of Economic Analysis​




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