Full text of Bureau of Economic Analysis (BEA) News Releases : State Personal Income 2014, BEA 15-12 : Highlights, Quarterly: State Personal Income: Fourth Quarter 2014

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WEDNESDAY, March 25, 2015

STATE PERSONAL INCOME: FOURTH QUARTER 2014
State personal income grew 1.0 percent on average in the fourth quarter of 2014, the same
average growth rate as in the third quarter. The acceleration in personal income growth in Florida,
Texas, and 30 other states was offset by a slowdown in 15 states, including California and New York.
Growth rates ranged from 0.6 percent in Louisiana to 1.5 percent in Texas. The national price index
for personal consumption expenditures fell 0.1 percent in the fourth quarter after rising 0.3 percent in
the third quarter.

Fourth Quarter 2014 State Personal Income Growth and Ranks
State
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas

Growth
1.1
0.9
1.1
1.2
0.9
1.2
1.0
0.9
1.0
1.1
1.0
0.7
1.2
1.0
1.1
0.9
0.9

Rank
19
40
11
7
33
8
21
29
-9
23
49
6
26
12
35
30

State
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina

Growth
1.0
0.6
0.9
0.9
1.1
1.0
1.0
0.8
0.9
0.9
0.8
1.1
1.1
1.0
1.2
0.8
1.0

Rank
25
50
41
36
13
24
27
46
37
38
44
16
14
28
4
45
20

State
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Growth
1.3
0.9
0.7
1.3
0.9
0.9
1.1
0.7
1.1
1.5
1.2
1.0
0.9
1.1
0.8
1.1
0.8

Rank
2
39
48
3
34
32
10
47
18
1
5
22
31
17
42
15
43

BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and
economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available.
NOTE: State personal income estimates for first quarter 2015 will be released on June 22, 2015.
Contact: Jeannine Aversa or Thomas Dail 202–606–2649

Bureau of Economic Analysis, U.S. Department of Commerce