We are in the midst of a new industrial revolution. These are never comfortable, but they do bring about huge increases in economic wealth. The current industrial revolution is being driven by advancements in artificial intelligence, robotics, genetic engineering, and...
The Tucson Metropolitan Statistical Area (MSA) generated inflation-adjusted GDP growth of 3.6% in 2018. That growth ranked Tucson eighth out of 12 comparable western MSAs. Tucson’s growth was just behind the state’s rate of 4.1% but ahead of the nation...
The Census Bureau has collected data on race since the very first census in 1790. Categories of race and ethnicity have changed a great deal over that time, reflecting changes in culture and society as well as the composition of...
The nation’s demographic mix is changing but what does that mean for Tucson? In recent years, demographics have shifted with the population aging and birth rates declining. In order to plan for the future, it’s important to understand how demographic...
In 2018, Arizona posted a patent rate of 8.6 patents per 10,000 workers. This ranked Arizona seventh among 10 western states and slightly behind the national rate. Arizona’s patent rate has declined for two straight years, but remains well above...
We know that access to recreational opportunities is important for our well-being, but have you ever wondered how much economic value those opportunities add to the region? Recently released data by the Bureau of Economic Analysis (BEA) shows that the...
Mexico became the #1 trading partner of the U.S. in 2019, surpassing China for the first time ever. However, Mexico has long been Arizona’s #1 trading partner. As shown in Figure 1, Arizona exported $22.5 billion in goods to the...
In 2018, the Tucson MSA generated no growth in the number of establishments employing workers. This ranked Tucson 12th among peer western MSAs. Tucson’s growth in business establishments was down from 0.6% in 2017. Despite Tucson’s slow or non-existent growth...
