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THURSDAY June 22, 2006 STATE PERSONAL INCOME: FIRST QUARTER 2006 U.S. personal income grew 1.4 percent in the first quarter of 2006 according to estimates released today by the U.S. Bureau of Economic Analysis. This was slower than the 1.9 percent increase in the fourth quarter of 2005 but at a pace equal to the average of the last three years. Nonfarm state growth rates were clustered around the national average while farm states tended to have either lower or higher growth rates, depending on whether they specialized more in crops or livestock. Personal Income: Percent Change, 2005:IV - 2006:I First Quarter 2006 State Personal Income Growth and Ranks State Alabama Alaska Arizona Arkansas California Colorado Connecticut D.C. Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Growth 1.5 1.8 1.9 1.3 1.0 1.8 1.5 1.8 -1.1 1.7 0.8 1.4 0.5 1.2 1.1 0.0 1.6 Rank 21 9 4 31 41 5 22 -50 15 45 27 46 37 39 49 18 State Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina Growth 1.3 0.4 0.9 1.5 1.7 1.0 1.2 1.4 1.2 0.4 1.8 2.1 1.7 1.5 1.4 1.7 1.3 Rank 32 47 44 23 14 42 38 29 36 48 6 2 13 25 26 12 34 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 1.3 2.0 1.6 1.4 1.8 1.6 2.4 1.5 1.6 1.6 0.9 1.8 1.7 1.8 1.1 1.3 Rank 35 33 3 20 28 7 19 1 24 17 16 43 8 11 10 40 30 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. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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