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Real Personal Income for States, 2013

Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 2.0 percent in 2013. In 2013, the U.S. PCE price index grew 1.2 percent.

Real Personal Income for States July 1

Growth in real state personal income in 2013 ranged from an increase of 3.5 percent in Idaho to a decline of 4.4 percent in North Dakota. These growth rates reflect the year-over-year change in the state’s nominal personal income, the change in the national PCE price index, and the change in the regional price parity for that state. After Idaho, the states with the largest growth rates were Utah (2.3 percent), California (2.2 percent), Nebraska (2.2 percent), and South Dakota (2.0 percent). After North Dakota, the states with the largest rates of decline were New Mexico (-0.6 percent), New York (-0.4 percent), Maryland (-0.3 percent), and Montana (-0.2 percent). States with growth rates close to the national average were Wyoming (0.8 percent), Oklahoma (0.7 percent), Ohio (0.7 percent), New Hampshire (0.7 percent), and Illinois (0.7 percent).

For more information, read the full report.

Value of U.S. Assets Increased More than U.S. Liabilities in First Quarter 2015

The U.S. net international investment position was -$6,794.0 billion (preliminary) at the end of the first quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S .assets. At the end of the fourth quarter of 2014, the net investment position -$7,019.7 billion (revised).

Intl chart june 30

  • The $225.7 billion increase in the net investment position reflected a $728.8 billion increase in the value of U.S. assets that exceeded a $503.1 billion increase in the value of U.S. liabilities.
  • The increase in the net investment position was mostly attributable to the increase in foreign equity prices that raised the value of U.S. direct and portfolio investment assets; these prices increases were partly offset by the depreciation of major foreign currencies against the U.S. dollar that lowered the value of U.S. assets in dollar terms.
  • The net investment position increased 3.2 percent in the first quarter, compared with a decrease of 13.1 percent in the fourth quarter and an average quarterly decrease of 6.9 percent from the first quarter of 2011 through the third quarter of 2014.
  • U.S. assets $25,324.4 billion at the end of the first quarter compared with $24,595.5 billion at the end of the fourth quarter.
  • U.S. liabilities were $32,118.3 billion at the end of the first quarter compared with $31,615.2 billion at the end of the fourth quarter.

For more information, read the full report.

BEA to Release 2013 Statistics on Real Personal Income for States and Metro Areas July 1

The Bureau of Economic Analysis will publish real personal income statistics for the 50 states, the District of Columbia, and all metropolitan areas on Wednesday, July 1 at 8:30 a.m. eastern time.

The report provides annual statistics for 2013. These statistics use regional price parities in combination with the personal consumption expenditure price index to adjust BEA’s personal income data for differences in price levels across the country and over time.

These statistics offer insight into the relative purchasing power of consumers in different states and metropolitan areas. In addition, the data can be used by businesses and households alike to inform their decision making – from deciding where to move for a new job or locate a new store to helping economic development offices chart regional marketing plans.