Search Results for 'North Dakota'

State Personal Income, Third Quarter 2017

State personal income increased 0.7 percent on average in the third quarter of 2017. In the second quarter, state personal income increased 0.6 percent. Increases in earnings and personal current transfer receipts were the leading contributors to the acceleration in personal income in the third quarter.

spi1217_fax

  • Personal income increased 1.0 percent in Washington, faster than in any other state. Texas had the next largest increase at 0.9 percent. South Dakota, New Mexico, Nebraska, Kansas, and Iowa had the slowest increases in personal income.
  • Earnings increased 0.8 percent in the third quarter of 2017, after increasing 0.6 percent in the second quarter, and was the leading contributor to the increase in personal income in most states. The percentage change in earnings ranged from an increase of 1.2 percent in Washington to a decrease of less than 0.1 percent in South Dakota.
  • Farm earnings decreased for the nation and in most states in the third quarter, and was the leading contributor to the decrease in total earnings in South Dakota, and to the relatively small increases in total earnings in Nebraska, Kansas, Iowa, and North Dakota.

For more information, read the full report.

Gross Domestic Product (GDP) by State: Second Quarter 2017

GDP By state nov 21

• Real GDP increased in 48 states and the District of Columbia in the second quarter of 2017. Real GDP by state growth ranged from 8.3 percent in North Dakota to –0.7 percent in Iowa.

• Nationally, mining increased 28.6 percent and was the leading contributor to growth for the nation and in the three fastest-growing states of North Dakota, Wyoming and Texas in the second quarter. Mining contributed to growth in 49 states led by increases in oil and natural gas production.

• By contrast, agriculture, forestry, fishing, and hunting decreased 10.6 percent and subtracted from growth in 25 states, including every state in the Plains region, which experienced high levels of crop production in 2016. This industry was the leading contributor to the decreases in real GDP in Iowa and South Dakota— the only two states to decrease in the second quarter.

Personal Consumption Expenditures by State, 2016

State personal consumption expenditures (PCE) grew on average 4.0 percent in 2016, the same rate as in 2015. In 2016, PCE growth ranged from 0.2 percent in North Dakota to 6.2 percent in Utah.

PCE By State Oct 4

  • Growth in housing and utilities and in health care were the leading contributors to PCE growth nationally as well as in most states.
  • Gasoline and other energy goods was the only category that subtracted from national PCE growth, declining on average 10.3 percent. Spending on gasoline and other energy goods declined in every state.
  • Across all states and the District of Columbia, per capita PCE in 2016 was $39,664. It ranged from a high of $51,981 in Massachusetts to a low of $30,200 in Mississippi.

For more information, read the full report.

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