Arizona Universities

The Economic Impact of Arizona State University, Fiscal Year 2023


Kent Hill, Ph.D.
Principal Research Economist, L. William Seidman Research Institute

Assesses the total (direct, indirect and induced) contribution of Arizona State University and its employees, students, and visitors in fiscal year 2023 on the state economy as follows: gross product of $5.75 billion, labor income of $3.58 billion, and employment of 56,930.


Have questions about this report? Ask the author(s).

 

Kent Hill, Ph.D.
Kent Hill, Ph.D.
Principal Research Economist, L. William Seidman Research Institute

After completing his undergraduate degree in economics at Wake Forest University, Kent received his Ph.D. in economics from Rice University in 1979. He was an assistant professor at ASU from 1978 to 1983. After leaving the university for seven years, during which he worked in the research department of the Federal Reserve Bank of Dallas, he returned to ASU to teach in 1991. He joined ASU’s L. William Seidman Research Institute in 1999.


Related reports

Arizona Universities

The Impact of ASU Graduates Employed in Arizona in 2023

An update to the November 2023 paper that presented data through 2022, estimates are presented of the number of ASU graduates working in Arizona, as well as their average wage, aggregate wages, and tax payments. Estimates are made for each year from 2012 through 2023.

Arizona ASU Economic Impact Substates Arizona Universities
Public Finance

Government Finance in Arizona, with a Focus on Education

Examines Arizona state government finance over time; compares Arizona to the nation and to other states on combined state and local government finance. Investigates public education finance and educational outcomes. Considers public-sector needs and suggests ways to boost revenue.

Arizona General Fund Higher Education Finance K-12 Finance Nation States Tax Burden Tax Structure Public Finance
Arizona Universities

The Economic Impact of Arizona State University, Fiscal Year 2024

Assesses the total (direct, indirect and induced) contribution of Arizona State University and its employees, students, and visitors in fiscal year 2024 on the state economy as follows: gross product of $6.1 billion, labor income of $3.8 billion, and employment of 55,688.

Arizona ASU Economic Impact Arizona Universities

Stay up-to-date