The University of Arizona Eller College of Management Arizona- Economic Indicators Arizona s Trade and Competiveness in the U.S. Region Summary 215 Prepared by Economic and Business Research Center azmex.eller.arizona.edu Sponsored by
This document highlights changes which occurred in 214, as well as five-year and ten-year trends for selected indicators. Data cover Arizona, U.S. border states, border states, as well as national totals for and the U.S. These figures are drawn from the Arizona- Economic Indicators Report 215, and the AZMEX Indicators website (azmex.eller.arizona.edu). The following list shows year-over-year growth rates for selected indicators in 214: Arizona total population grew 1.5% in 214 Arizona real GDP grew 1.4% in 214 Arizona exports to increased 22.2% in 214 Arizona manufacturing exports to increased 19.1% in 214 Vehicle and passenger crossings are up 4.2% and 5.9%, respectively, at Arizona BPOE in 214; as are buses (8.3%) and bus passengers (1.4%); U.S. commodities exported to via Arizona BPOE increased 1.7% in 214 U.S. electric and electronic products exported to via Arizona BPOE increased 3.7% in 214 U.S. electric and electronic products imported from via Arizona BPOE increased 4.5% in 214 Arizona manufacturing employment grew.7% in 214 Arizona % of population over 25 with a BA or higher increased.4% in 213 (Note: 214 data not yet available.) 25 22.2 year/ year percent growth in 214 2 18.5 15 1 8.3 5 4.2 5.9 3.7 4.5 1.5 1.4 1.4 1.7.7 1 P a g e Economic Business and Research Center, Eller College of Management, The University of Arizona
The following list shows growth for selected indicators over the past decade, 25-214, with a few exceptions due to data availability, which are indicated. It should be noted that this decade spans the Great Recession of 27-29. Export numbers are in U.S. dollar value. Arizona population grew 15.3% (25-214) Share of Arizona population 65 and over grew 18.8% (24-213) Arizona real GDP grew 4.1% (25-214) Arizona exports to grew 81.6% (25-214) Arizona exports to Canada grew 39.6% (25-214) Arizona exports of manufacturing products to and Canada grew 18.9% and 33.2% (25-214), respectively Number of truck crossings through all Arizona BPOE grew 9.9% (25-214) The largest increase in truck crossings occurred at the Nogales BPOE at 17.2% (25-214) Number of truck crossings through Douglas BPOE grew 16.5% (25-214) Number of train crossings at Arizona BPOE grew 1.3% (25-214) Douglas is the only BPOE in Arizona which experienced an increase in pedestrian crossings at 42.% (25-214) Arizona employment in pharmaceutical and medicine manufacturing grew 83.3% (24-213) Number of patents issued in Arizona in 214 grew 72.8% (25-214) Number of life and physical scientists grew 36.2% (23-212) (Note: 212 is latest data available.) Percent of population 25 years and older with bachelor degrees or higher grew 16.6% (25-213) (Note: series begins in 25, and latest available is 213, so this data range is only nine years, rather than a full decade.) 9 8 7 81.6 percent growth 25-214 *See bullet-points for irregular date ranges 83.3 72.8 6 5 4 39.6 33.2 42 36.2 3 2 1 15.3 18.8 4.1 18.9 9.9 17.2 16.5 1.3 16.6 2 P a g e Arizona- Economic Indicators, www.azmex.eller.arizona.edu
The data below describe growth over the past decade in Arizona s percent share of southern border state totals for selected indicators. Southern border state totals refer to the sum of Arizona, California, New, and Texas. The decade covered is 25-214, with two exceptions due to data availability, which are indicated. It should be noted that this decade spans the Great Recession of 27-29. Arizona s percent share of bus crossings from grew 9.% (25-214) Arizona s percent share of personal vehicle crossings from grew 14.5% (25-214) Arizona s percent share of U.S. exports entering via border states grew 8.9% (25-214) Arizona s percent share of U.S. exports of transportation manufacturing products entering via border states grew 13.7% (25-214) Arizona s percent share of transportation manufacturing products entering the U.S. from via border states grew 21.9% (25-214) Arizona s percent share of employment in pharmaceutical and medicine manufacturing grew 63.3% (24-13) (Note: 213 data are the latest available.) Arizona s percent share of life and physical scientist grew 9.% (23-11) (Note: data are only complete through 211, thus this growth represents only eight years.) 7 6 percent growth 25-214 *See bullet-point for irregular date range 63.3 5 4 3 21.9 2 14.5 13.7 1 9 8.9 9 AZ s bus crossings from AZ s personal vehicle crossings from AZ s share of U.S. exports to via border states AZ s share of U.S. exports of transp. mfg. products to AZ s share of U.S. imports of transp. mfg. products from Pharmaceutical and medicine mfg. employment* Life and physical scientists* 3 P a g e Economic Business and Research Center, Eller College of Management, The University of Arizona
The data below show five-year and one-year growth rates for selected indicators for Sonora, border states, and national totals: 18 16 14 12 1 Sonora total population grew 6.1% (21-214) and 1.4% in 214 Sonora real GDP grew 28% (29-213) and 5.3% in 213 (Note: 214 data not yet available.) IMMEX employment grew 23.9% (21-214) and 5.8% in 214 Border states IMMEX employment grew 24.7% (21-214) and 5.7% in 214 (Note: border states total is the sum of Baja California, Coahuila de Zaragoza, Chihuahua, Nuevo Leon, Sonora, and Tamaulipas.) Sonora IMMEX employment grew 24.5% (21-214) and 3.6% in 214 Sonora FDI grew 134.9% (21-214) and 148.2% in 214 Sinaloa FDI grew 71.8% (21-214) and decreased 44.7% in 214 Sonora s share of FDI grew 17.2% (21-214) and 386.1% in 214 (Note: this growth rate was too large to represent on the chart.) 8 6 4 2 percent growth 21-214 *29-213 Sonora population Sonora Real GDP* IMMEX Border States IMMEX Sonora IMMEX Sonora FDI Sinaloa FDI Sonora's share of FDI 7 6 5 year/ year percent growth in 214 *213 4 3 2 1 Sonora population Sonora Real GDP* IMMEX Border States IMMEX Sonora IMMEX 4 P a g e Arizona- Economic Indicators, www.azmex.eller.arizona.edu
Arizona- Economic Indicators: Summary 215 The facts and trends assembled in this document are drawn from the Arizona- Economic Indicators: Annual Report and the Arizona- Indicators website: azmex.eller.arizona.edu The AZMEX website is a dynamic tool providing access to the most recent data at any time. So, if you find these data helpful, we hope you will visit the website often for the most recent data updates, analysis, and news. The site is also designed to be easily accessible from mobile devices, such as tablets and phones. The website monitors Arizona trade and competitiveness in the U.S.- region across six major categories: Arizona Trade Border Crossings Commodity Flows Economy Foreign Direct Investment Population You will find: 3,+ indicator series; visualizations of important trends; comparisons across major border ports of entry, U.S. and border states, and national benchmarks; articles and news; and easy download of all data presented. You can also download the Arizona- Economic Indicators: Annual Report from the website. This report summarizes important changes and trends which have developed over the past year. The AZMEX website was launched in December, 214, by the Economic and Business Research Center in the Eller College of Management at The University of Arizona, with collaboration and financial support from four of Arizona leading economic development organizations Arizona- Commission, Arizona Commerce Authority, Arizona Department of Transportation, and Arizona Department of Tourism. The motivation for building this new set of online indicators is to monitor Arizona trade and competitiveness in the U.S.- region across a range of key economic categories. While designed primarily to meet the needs of organizations engaged with improving Arizona trade and competitiveness, the AZMEX website will also be a useful tool for citizens, business leaders, and public sector decision makers interested in the unique opportunities the border region has to offer. 5 P a g e Economic Business and Research Center, Eller College of Management, The University of Arizona