Archive for the 'Regional' Category

Advance GDP by State Statistics: Widespread But Slower Growth in 2013


  • Real GDP increased in 49 states in 2013. Leading industry contributors were nondurable-goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting.
  • Nondurable-goods manufacturing was the largest contributor to U.S. real GDP by state growth in 2013. This industry was the leading contributor to real GDP growth in 10 states, contributing 2.65 percentage points to growth in Louisiana and 1.19 percentage points to growth in Texas.
  • Real estate was the leading contributor to growth in the New England region and contributed 0.50 percentage point or more to growth in North Dakota, Nevada, and Massachusetts.
  • Agriculture, forestry, fishing, and hunting contributed to real GDP growth in 49 states and the District of Columbia.
  • In North Dakota, the fastest growing state in 2013, mining contributed 3.61 percentage points to the state’s 9.7 percent growth in real GDP.
  • In contrast, government subtracted from real GDP growth in six of eight BEA regions, 39 states, and the District of Columbia in 2013.
  • Alaska was the only state where real GDP decreased in 2013, primarily due to a decline in mining.
  • Per capita real GDP ranged from a high of $70,113 in Alaska to a low of $32,421 in Mississippi. Per capita real GDP for the U.S. was $49,115.

Read the full report.

State Personal Income: Third Quarter 2013

spi_1State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter. Growth slowed in 25 states, accelerated in 22, and was unchanged in 3 states and the District of Columbia. Growth across states ranged from 0.4 percent in New Mexico to 1.9 percent in Mississippi. The national price index for personal consumption expenditures increased 0.5 percent in the third quarter after remaining unchanged in the second quarter.spi_2

For more information on state personal income, see the full report.

Some Local Economic Statistics Eliminated Due to 2013 Budget Sequester

You probably noticed that today’s release of the Bureau of Economic Analysis’ (BEA) local area personal income statistics is missing some detail that’s normally included.  Why?

Automatic budget cuts due to the 2013 sequester forced BEA to eliminate some data from the release, including detailed county-level statistics showing how much income people received from specific transfer receipts programs (unemployment benefits, Social Security, and Medicare); information on the categories of farm income and expenses; and data on the number of people employed by industry and the average wage per job.

BEA laid out the impact of the 2013 budget sequester on its local area personal income (LAPI) statistics on June 19.  Today’s release is the first LAPI report affected by the automatic budget cuts.

BEA also scaled back some of the local statistical detail normally provided. For instance, today’s report contains detailed compensation and earnings information for 25 industries, instead of the usual 108.

For more information on how BEA’s LAPI statistics were affected by the 2013 sequester, please visit BEA’s Web site.

You can still access historical LAPI statistics that were produced before the detail was eliminated or reduced. Those statistics (which cover the period of 1969–2011 and were published November 2012) are available at, under the heading Local Area Personal Income.