Need more information about the outlook for Arizona, Phoenix, and Tucson? A lock ( The metro area population of Phoenix in 2021 was 4,584,000, a 1.62% increase from 2020. Phoenix Metro Area Population 1950-2023 | MacroTrends hb```RfV~ !GCqyKg_HuV4CG:%?g`(u;wm qGF@p4u0d Q[[B@[cFP@f@DU@ 9Wj`rjgVj(P2c @. World population projected to reach 9.8 billion in 2050, and 11.2 Only government spending, excluding transfers, rises (slightly) in 2020. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Source: Arizona Office of Economic Opportunity. Similarly, the state needs to invest in public infrastructure, like highways and roads, water and sewer, telecommunications, airports, and border ports of entry, to ensure that the state is competitive around the U.S. and globally. Browse our collection of stories and more. COVID-19 and Projected Older Populations in Latin America. This report discusses projected changes in the U.S. population and summarizes results from the U.S. Census Bureau's 2017 National Population Projections. The nations housing stock grew by about 1.3 million units between July 2020 and July 2021, reaching a total of 142.2 million. The 2017 population projections for the United States are the third set of projections based on the 2010 Census. Across Arizonas metropolitan areas, Sierra Vista-Douglas and Prescott have fared the best, with nonfarm jobs down just 1.4% and 1.5% from February to June. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Population projections are estimates of the population for future dates. 2019 Socioeconomic Projections - AZMAG Beneath the global level, there are of course big differences between different world regions and countries. During the next 30 years, Arizona population is forecast to rise by 2.81 million, hitting 10.1 million by 2050. Future Climate Projections - Graphs & Maps | NOAA Climate.gov The Sun Corridor (Maricopa County, Pima County, and Pinal County) collected $5.6billion in sales tax revenue, making up 85% of the state total for FY 2019. Please check your download folder. Even so, high unemployment keeps inflation low. San Antonio, Texas, had the highest numeric gain of 13,626 people between 2020 and 2021. The forecast calls for employment to return to its first quarter 2020 level by the second quarter of 2021. There is still a huge amount of uncertainty about the future of the outbreak and the economic impacts associated with it. This report highlights projected demographic changes of slower growth, considerable aging, and increased racial and ethnic diversity. statistic alerts) please log in with your personal account. Arizona's 30-Year Outlook: Short-Run Trouble, Long-Run Growth The July 2020 forecast from IHS Markit underpins the state projections. This infographic provides an overview of the Phoenix MSA including demographics, employment, and transportation. The annual growth rate of 1.0% from 2020 to 2021 increased slightly from 0.8% in the 2019 to 2020 period. This paper presents projections of what the population speaking a language other than English might look like in 2020. Growth is positive in 2021 and 2022 at 3.7% and 3.6%, respectively. That was better than the 33.9% replacement rate for the nation through June. Download Historical Data Save as Image These data did not paint such a rosy picture in June. Official websites use .gov U.S. nonfarm payroll jobs are forecast to fall 5.3% this year, then rebound in 2021 and 2022. The data will be embargoed (June 28, 2022). The baseline forecast assumes that the current surge in the spread of the coronavirus is contained quickly and that there is no major resurgence in the fall. Under those assumptions, the state continues to recover gradually, with job, income, population, and sales growth continuing. Browse our topics and subtopics to find information and data. Future Population Growth - Our World in Data The 2017 National Population Projections include a main series and three alternative scenarios. The state also adds 1.58 million jobs and $343 billion in real personal income. Currently, you are using a shared account. The states tax and regulatory structure also needs to be competitive so that investment in private physical capital, like office buildings, machinery, and equipment, is not deterred from locating in the state. Overall, that implies that Arizona has replaced 46.4% of the jobs lost from February to April. This infographic provides an overview of the Phoenix MSA including demographics, employment, and transportation. Income growth is forecast to slow to 2.8% next year, as the fiscal stimulus is replaced by organic income gains. U.S. nonfarm payroll jobs are forecast to fall 5.3% this year, then rebound in 2021 and 2022. State-level population projections come from the Arizona Office of Economic Opportunity's baseline projections (medium series). At this point, possible long-term impacts are speculative at best. This paper uses data from the 2011 ACS to determine the characteristics associated with naturalized citizens reporting the year they naturalized. Share sensitive information only on official, secure websites. Business Solutions including all features. Living Longer: Historical and Projected Life Expectancy in the U.S. The Arizona long-run projections rely on the IHS Markit 30-year forecast generated in March 2020. George W. Hammond directs the Economic and Business Research Center in the Eller College of Management. The difference between the highest and the lowest of the scenarios represents the population size issue that Congress and the administration should be focused on as the debate on immigration policy develops this year. Arizonas per capita personal income gap with the U.S. is expected to decline from -18.4% in 2019 to -13.0% by 2050. From March through August 8, unemployment insurance alone has injected $8.7 billion into the Arizona economy. The current metro area population of Phoenix in 2023 is 4,717,000, a 1.4% increase from 2022. Fastest-Growing Cities Are Still in the West and South - Census.gov Census Bureau Projects U.S. and World Populations on New Year's Day December 29, 2022 The U.S. Census Bureau projected the U.S. population will be 334,233,854 on January 1, 2023. ", University of Virginia (Weldon Cooper Center for Public Service), Projected state population of the United States in 2040, by state (in millions) Statista, https://www.statista.com/statistics/312714/us-projected-state-population-by-state/ (last visited May 01, 2023), Projected state population of the United States in 2040, by state (in millions) [Graph], University of Virginia (Weldon Cooper Center for Public Service), February 11, 2019. Fiscal policy includes the actions to date, but no new major legislation was assumed in the July forecast. Keep in mind that the nonfarm payroll employment data reflect the number of jobs on payrolls of establishments during the pay period including the 12th of the month. This data is critical for government programs, policies, and decision-making. A .gov website belongs to an official government organization in the United States. Overall, Arizona is on pace to recover to pre-pandemic levels of economic activity in 2021, probably well before the nation as a whole. Prior series based on the 2010 Census were released in 2012 and 2014. The forecast calls for employment to return to its first quarter 2020 level by the second quarter of 2021. ) or https:// means youve safely connected to the .gov website. Keep in mind that the projections may be subject to large revisions in the future as new information impacts the outlook. Regional Overview - AZMAG Census Bureau Releases New Population Projections for 30 Countries and Areas. Measuring America's People, Places, and Economy. The Phoenix-Mesa-Scottsdale Metropolitan Statistical Area (Phoenix MSA) includes all of Maricopa County and Pinal County and is 14,587 square miles (Maricopa County, 9,223 square miles and Pinal County, 5,364 square miles). During the next 30 years, Arizona population is forecast to rise by 2.81 million, hitting 10.1 million by 2050. Built to support the U.S. Employment Compare Western States and U.S. Employment Compare Select Western Metros. Personal Income Compare Western States and U.S. Unemployment Rate, SA Compare Western States and U.S. Register Now for the 2023 Eller Breakfast with the Arizona Personal Income Growth Ended 2022 on a High Maricopa County Leads the Nation in Population Growth. The population of Arizona in 2021 was 7,264,877, a 1.18% increase from 2020. Top 30 Largest ARIZONA Cities by 2050 in Population - YouTube Access to this and all other statistics on 80,000 topics from, Show sources information The projections by municipal planning area (MPA) and regional analysis zone (RAZ) were prepared to be consistent with the July 1, 2018 population estimates and have been prepared for July 1st of the base year 2018 and projected for July 1st of 2020, 2030, 2040, 2050, and 2055. These components, each projected separately, are combined to produce population projections by age, sex, race, and ethnic group. Per Capita Personal Income Compare Western States and U.S. PHOENIX, AZ The 2020 Census released its final results, showing Maricopa County's drastic 15.8 percent population growth from 2010 to 2020. Once the pandemic is over, the state will once again consistently generate robust job, outlook, and population gains. The forecast assumes that the executive order affecting activity at bars, indoor gyms, indoor movie theaters, and other activities, has expired. Arizona Table (a) Includes persons reporting only one race (b) Hispanics may be of any race, so also are included in applicable race categories (c) Economic Census - Puerto Rico data are not comparable to U.S. Economic Census data D Suppressed to avoid disclosure of confidential information F Fewer than 25 firms The recovery begins in the third quarter, but even so, real GDP falls by 6.1% in 2020. World population projected to reach 9.8 billion in 2050, and 11.2 billion in 2100 21 June 2017, New York The current world population of 7.6 billion is expected to reach 8.6 billion. Innovation is the main driver and it depends in part on investments in human capital, primarily education. More than 80 percent of Arizona's 2020 population increase moved into Greater Phoenix. A lock ( Chart. Those cities were Jacksonville, Florida (4,151); Austin, Texas (1,056); and Columbus Ohio (adding only 668 people). With roughly 83 million people being added to the worlds population every year, the upward trend in population size is expected to continue, even assuming that fertility levels will continue to decline. Lock The Worst Cities To Live as Climate Change Gets Worse The sixth-fastest-growing area was Fort Myers, Florida (6.8%), followed by Casa Grande, Arizona (6.2%); Maricopa, Arizona (6.1%); North Port, Florida (5.5%); Spring Hill, Tennessee (5.4%); Goodyear, Arizona (5.4%); and Port St. Lucie, Florida (5.2%). Overall, Arizona is on pace to recover to pre-pandemic levels of economic activity in 2021, probably well before the nation as a whole. Whether or not the state makes significant progress in closing the income gap with the U.S. will depend in large part on investments in education, as well as other drivers of innovation. That would put the states income gap back to levels last seen in the 2000s. An official website of the United States government. Learn more about how Statista can support your business. Utah experienced the nations fastest growth in housing units, with an increase of 2.7 percent between July 1, 2020, and July 1, 2021, followed by Idaho (2.5%) and Texas (2.0%). A component methodology accounts for each aspect of demographic change (fertility, mortality, and migration). Seven places joined the list of cities with populations of 50,000 or more in 2021 with one addition located in the West, and the Midwest and the South each contributing three cities. The 2017 series extends this work and for the first time accounts for the generally lower mortality rates and longer life expectancy of the foreign-born. The Phoenix MSA has had a higher annual growth rate than the nation since 1980. The forecast assumes that the current executive order affecting activity at bars, indoor gyms, indoor movie theaters, and other activities, expires in August. The state also adds 1.58 million jobs and $343 billion in real personal income during the forecast period. Share sensitive information only on official, secure websites. Show publisher information This means that net migration will be an increasingly important source of population gains. Projected state population of the United States in 2040, by state (in millions) [Graph]. The short-term outlook for the state remains uncertain and dependent on the progress of the outbreak and scientific progress in generating effective therapeutics and a vaccine. Nonfarm employment in the state bounced back during May and June, with over-the-month gains of 62,900 and 73,800, respectively. 877-861-2010 (U.S. and Canada only) The vintage 2016 sub-county projections only covered 2016-2050 so a new procedure was needed to extend the current series to 2055. These assumptions generate a continued gradual recovery in Arizona through the second half of 2020 and into 2021. The Federal Reserve is expected to keep interest rates near zero through 2026. Even so, Arizona continues to far outpace growth at the national level. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The other six most populous cities experienced some moderate to small growth in population. A locked padlock The states with the fewest housing units were Wyoming (274,400) and Alaska (327,900). Please check your download folder. A lock ( In. The three alternative scenarios are useful for analyzing potential outcomes of different levels of immigration. Note: The inputs remained the same for all migration scenarios. Secure .gov websites use HTTPS 2017 National Population Projections Datasets. The global human population reached 8.0 billion in mid-November 2022 from an estimated 2.5 billion people in 1950, adding 1 billion people since 2010 and 2 billion since 1998. Projections by countries - World Projections - Data - Ined Survey of Income and Program Participation (SIPP). These projections do not include any assumptions about the possible long-run impacts of the pandemic on the U.S. economy.
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