Search Results for 'North Dakota'

State Personal Income, First Quarter 2017

State personal income growth accelerated to 1.0 percent on average in the first quarter of 2017 from 0.3 percent in the fourth quarter of 2016. Earnings and personal current transfer receipts were the leading contributors to growth for the nation and in most states.

State Personal Income

 

  • Personal Income grew 1.6 percent in Idaho, faster than in any other state. Four other states— Louisiana, Michigan, Florida, and Texas—had the next fastest growth in personal income at 1.3 percent.
  • Kansas, Minnesota, North Dakota, and Iowa had the slowest growth, and Nebraska at -0.1 percent was the only state where personal income declined.
  • Earnings increased 0.9 percent for the nation in the first quarter of 2017. Earnings growth ranged from 1.5 percent in Michigan to -0.7 percent in Nebraska.
  • Personal current transfer receipts grew 1.5 percent for the nation in the first quarter of 2017. Growth rates ranged from 2.9 percent in Florida to -0.7 percent in Illinois.

For more information, real the full report.

Real Personal Income for States, 2015

Growth of real state personal income — a state’s current-dollar personal income adjusted by the state’s regional price parity (RPP) and the national personal consumption expenditure (PCE) price index — ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware.

Real Personal Income for States June 2217

  •  States with the fastest growth in real personal income were Delaware (7.0 percent), Oregon (6.1 percent), and California (6.1 percent). The District of Columbia’s real personal income grew 6.6 percent.
  • The only state with declining real personal income was North Dakota (-2.3 percent). States with the slowest growth in real personal income were Wyoming (0.5 percent), Nebraska (0.7 percent), and Oklahoma (1.3 percent).
  • States with the highest all items RPPs were Hawaii (118.8), New York (115.3), New Jersey (113.4), and California (113.4). The District of Columbia’s RPP was 117.0.
  • States with the lowest all items RPPs were Mississippi (86.2), Alabama (86.8), and Arkansas (87.4).
  • Across states, Hawaii had the highest rents RPP (163.4) and Alabama had the lowest (62.8).

For more information, read the full report.

Finance and Insurance Led Growth Across States in the Fourth Quarter

Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi. Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to U.S. economic growth in the fourth quarter.

gdp-state-q4-2016

  • Texas was the fastest growing economy (3.4 percent), followed by Utah and Washington which grew 3.2 percent and 3.1 percent, respectively.
  • Finance and insurance grew 6.3 percent nationally, and was the leading contributor to real GDP growth in 24 states.
  • Retail trade grew 5.7 percent nationally, contributing to real GDP growth in every state.
  • Professional, scientific, and technical services grew 3.6 percent nationally, contributing to real GDP growth in 47 states and the District of Columbia.
  • Mining grew 5.2 percent nationally after six consecutive quarters of decline, and was the largest contributor to real GDP growth in West Virginia, North Dakota, and Oklahoma.

For more information, read the full report.

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