The American Legislative Exchange Council’s annual "Rich States, Poor States" report ranked Arizona second in economic performance.
The economic performance ranking is based on data from the last 10 years, Jonathan Williams, one of the study's authors, told The Center Square. The report was released Tuesday.
Despite Arizona's high ranking for its past performance, the state fell in the outlook for its economic future to sixth place after being ranked third from 2022 to 2024.
”States fall behind by standing still,” said Williams, ALEC president and chief economist.
Williams said states in the top 10 are well-run states with great resumes in domestic migration and job creation. He added that people are going to those states because they have lower taxes, limited government and a free market approach to government, which is “one that works.”
