Regional Quarterly Report: GDP, personal income, and more.

By David G. Lenze  |  Volume 99, Number 3  |  March 14, 2019

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Estimates for the Third Quarter of 2018

The regional statistics released by the Bureau of Economic Analysis (BEA) for the third quarter of 2018 provide insight into current economic trends for the 50 states and the District of Columbia. This Regional Quarterly Report first discusses the range of growth rates in real state gross domestic product (GDP), with a look at the contributions to growth of 21 industries. It then presents state personal income statistics, highlighting the contributions to growth of its seven major components.

Real GDP growth slowed in the third quarter of 2018 in 39 states and in the District of Columbia (table A) and ranged from 5.8 percent in the state of Washington to zero in West Virginia.1 U.S. real GDP grew 3.4 percent in the third quarter of 2018, down from 4.2 percent in the second quarter. Current-dollar U.S. GDP growth also slowed to 4.9 percent from 7.6 percent. Even so, the real U.S. GDP growth rates of the second and third quarters were the highest in the 4 years since the third quarter of 2014.

  • Real GDP growth slowed in the four largest states—California, Texas, Florida, and New York—which accounted for 36.3 percent of U.S. GDP in the third quarter.
  • In California, Florida, and New York, the information, real estate, and professional services industries more than accounted for the slowdown.
    • In California, where real GDP growth slowed to 3.5 percent from 3.7 percent, the information, real estate, and professional services industries contributed 1.75 percentage points to real GDP growth in the third quarter (table B); in the second quarter, they contributed 3.02 percentage points.
    • In Florida, where real GDP growth slowed to 3.8 percent from 4.5 percent, the information, real estate, and professional services industries contributed 1.05 percentage points to real GDP growth in the third quarter; in the second quarter, they contributed 2.16 percentage points.
    • In New York, where real GDP growth slowed to 2.8 percent from 3.1 percent, the information, real estate, and professional services industries contributed 0.67 percentage point to real GDP growth in the third quarter; in the second quarter, they contributed 2.19 percentage points.
  • In Texas, real GDP growth slowed to 3.7 percent from 6.0 percent. Mining and durable goods manufacturing contributed 0.41 percentage point to real GDP growth in the third quarter; in the second quarter, they contributed 2.04 percentage points. The contributions of the information, real estate, and professional services industries also declined from the second to the third quarter.
  • Real GDP growth accelerated in eight states in the third quarter; the largest of these states was Washington. Real GDP growth accelerated to 5.8 percent in Washington from 3.7 percent. Information and retail trade contributions to real GDP growth increased to 2.34 percentage points in the third quarter from 1.40 percentage points in the second quarter.
Table A. Real Gross Domestic Product (GDP) by State
[Seasonally adjusted at annual rates]
  Share of current-dollar U.S. GDP1 Percent change in real GDP from preceding quarter
2018:III 2017:II 2017:III 2017:IV 2018:I 2018:II 2018:III
United States2 100.0 3.0 2.8 2.3 2.2 4.2 3.4
Alabama 1.1 1.0 1.2 4.0 1.6 3.8 2.7
Alaska 0.3 2.1 4.0 −1.9 −5.0 3.7 1.0
Arizona 1.7 1.2 7.1 1.0 4.7 4.2 4.3
Arkansas 0.6 1.5 −2.1 2.7 2.0 4.4 1.9
California 14.4 5.3 2.7 5.4 1.6 3.7 3.5
Colorado 1.8 2.5 5.5 3.2 0.3 4.9 3.8
Connecticut 1.3 2.6 1.4 −2.5 1.1 3.1 3.3
Delaware 0.4 −5.7 7.0 −6.1 −0.8 2.5 3.4
District of Columbia 0.7 0.4 7.5 −4.1 2.6 4.2 1.9
Florida 5.0 0.8 3.0 3.7 4.3 4.5 3.8
Georgia 2.9 1.8 3.8 3.1 −0.1 3.9 3.6
Hawaii 0.4 −0.6 1.0 0.3 −0.5 3.1 2.0
Idaho 0.4 6.7 1.8 6.2 2.8 3.0 3.9
Illinois 4.2 0.9 2.8 −0.7 3.5 3.6 2.5
Indiana 1.8 −0.8 0.5 3.9 3.0 3.6 3.0
Iowa 0.9 3.1 −3.7 1.9 −2.5 3.6 3.3
Kansas 0.8 0.9 −0.1 0.3 −1.8 4.7 2.3
Kentucky 1.0 4.0 1.2 2.9 −2.5 3.7 2.1
Louisiana 1.2 −1.4 −1.1 0.0 4.7 4.3 1.9
Maine 0.3 0.2 3.8 0.5 2.0 3.4 2.6
Maryland 2.0 3.2 1.1 2.5 0.1 3.6 2.3
Massachusetts 2.8 3.7 3.5 0.5 4.0 4.0 3.5
Michigan 2.6 3.0 1.9 2.5 1.6 5.4 2.8
Minnesota 1.8 1.4 −2.7 2.6 −0.2 5.0 2.7
Mississippi 0.6 −2.1 1.7 0.7 1.1 3.4 1.9
Missouri 1.5 5.0 0.9 0.5 1.3 5.1 2.9
Montana 0.2 2.3 −1.1 0.5 4.1 4.9 3.4
Nebraska 0.6 5.1 −1.2 0.1 −1.4 3.7 3.6
Nevada 0.8 3.8 6.3 0.1 5.7 4.3 4.1
New Hampshire 0.4 0.8 7.8 −3.6 5.4 4.6 3.7
New Jersey 3.1 4.5 2.0 −1.3 3.3 3.4 3.3
New Mexico 0.5 0.0 4.2 −0.6 −0.8 2.7 2.0
New York 8.2 −0.1 3.1 2.6 0.3 3.1 2.8
North Carolina 2.8 2.5 1.2 3.2 1.9 3.4 1.8
North Dakota 0.3 12.2 −3.0 −0.6 −0.4 4.1 3.8
Ohio 3.3 2.3 2.9 −0.2 0.2 3.7 2.8
Oklahoma 1.0 7.3 −0.7 0.0 −0.3 4.1 2.2
Oregon 1.2 5.5 2.6 5.4 2.4 3.5 3.5
Pennsylvania 3.9 3.0 4.5 0.1 0.6 3.6 2.8
Rhode Island 0.3 5.4 0.7 −1.2 0.4 2.8 2.9
South Carolina 1.1 1.1 0.5 1.1 2.6 3.2 2.9
South Dakota 0.3 1.4 −0.6 −3.3 3.6 3.5 3.6
Tennessee 1.8 2.9 2.8 2.2 1.8 3.6 3.1
Texas 8.6 3.7 2.9 1.2 2.7 6.0 3.7
Utah 0.9 2.6 6.2 3.1 6.2 3.8 4.4
Vermont 0.2 0.8 1.3 0.0 −0.5 3.4 2.2
Virginia 2.6 2.4 2.7 1.3 2.1 4.2 3.3
Washington 2.8 5.0 4.9 5.7 7.8 3.7 5.8
West Virginia 0.4 0.8 6.0 −0.8 −1.1 3.4 0.0
Wisconsin 1.6 1.5 3.7 −0.4 4.1 2.8 2.8
Wyoming 0.2 12.9 0.6 1.5 −4.5 3.3 1.8
  1. Sum of states plus the District of Columbia does not equal the United States, which includes government overseas activities.
  2. Includes government overseas activities not attributable to the states.

Table B. Contributions to Percent Change in Real Gross Domestic Product (GDP) by Industry and by State, 2018:II–2018:III
[Percentage points, seasonally adjusted at annual rates]

  All industry total (percent change) Agriculture, forestry, fishing, and hunting Mining, quarrying, and oil and gas extraction Utilities Construction Durable-goods manufacturing Nondurable-goods manufacturing Wholesale trade Retail trade Transportation and warehousing Information Finance and insurance Real estate and rental and leasing Professional, scientific, and technical services Management of companies and enterprises Administrative and support and waste management and remediation services Educational services Health care and social assistance Arts, entertainment, and recreation Accommodation and food services Other services (except government and government enterprises) Government and government enterprises1
United States1,2 3.4 −0.07 0.00 −0.08 0.12 0.12 0.18 0.43 0.34 0.08 0.41 0.40 0.19 0.32 0.08 0.19 0.03 0.22 0.04 0.06 −0.02 0.12
Alabama 2.7 −0.06 −0.10 −0.15 0.01 0.27 0.29 0.36 0.39 0.05 0.23 0.34 0.02 0.38 0.05 0.17 −0.01 0.17 0.00 0.01 −0.03 0.27
Alaska 1.0 0.32 −0.72 −0.01 −0.27 0.02 0.15 0.09 0.23 0.20 0.14 0.02 0.05 0.14 0.03 0.18 0.01 −0.04 0.00 0.10 −0.04 0.44
Arizona 4.3 0.18 −0.18 −0.11 0.43 0.33 0.06 0.40 0.44 0.15 0.47 0.43 0.42 0.23 0.04 0.40 −0.05 0.29 0.07 0.10 −0.04 0.23
Arkansas 1.9 −0.63 −0.12 −0.11 0.19 0.10 0.22 0.43 0.40 0.01 0.08 0.37 0.04 0.13 0.26 0.26 0.05 0.11 −0.01 0.03 −0.07 0.17
California 3.5 0.17 −0.02 −0.07 0.00 0.03 0.09 0.33 0.32 0.05 0.93 0.25 0.43 0.39 0.08 0.18 0.03 0.19 0.01 0.05 −0.03 0.05
Colorado 3.8 −0.14 0.10 −0.05 0.10 0.13 −0.02 0.42 0.34 0.13 0.99 0.17 0.47 0.36 0.09 0.23 −0.03 0.19 0.08 −0.02 −0.06 0.33
Connecticut 3.3 0.03 0.00 −0.07 0.18 0.11 0.46 0.37 0.27 0.05 0.38 0.64 −0.13 0.33 0.05 0.20 0.07 0.21 0.03 0.09 −0.02 0.05
Delaware 3.4 −0.04 0.00 −0.07 0.07 0.15 0.21 0.17 0.21 −0.06 0.12 1.68 0.00 0.25 0.09 0.14 0.00 0.21 0.03 0.04 −0.02 0.22
District of Columbia 1.9 0.00 0.00 −0.05 −0.01 0.01 0.00 −0.01 0.05 −0.09 0.70 0.33 0.21 0.79 0.02 0.14 0.18 −0.03 0.06 0.10 −0.22 −0.32
Florida 3.8 0.03 −0.01 −0.09 0.23 0.06 0.06 0.45 0.48 0.09 0.30 0.42 0.39 0.36 0.10 0.23 0.06 0.29 0.13 0.14 0.00 0.08
Georgia 3.6 −0.01 −0.01 −0.08 0.16 0.13 0.17 0.51 0.33 0.07 0.65 0.35 0.14 0.24 0.09 0.28 −0.02 0.27 0.00 0.05 −0.03 0.29
Hawaii 2.0 0.19 −0.01 −0.11 −0.12 0.03 −0.05 −0.06 0.44 −0.01 0.04 0.31 0.54 0.13 −0.01 0.22 0.03 0.04 0.00 0.00 −0.05 0.51
Idaho 3.9 0.29 −0.01 −0.07 0.19 0.37 0.41 0.34 0.60 0.05 0.15 0.12 0.24 0.27 0.04 0.31 0.01 0.17 0.03 0.05 −0.01 0.34
Illinois 2.5 −0.33 −0.01 −0.07 0.11 0.16 0.20 0.48 0.23 0.06 0.26 0.55 0.05 0.25 0.07 0.19 −0.03 0.17 0.05 0.05 −0.05 0.11
Indiana 3.0 0.08 −0.04 −0.12 0.18 0.13 0.24 0.45 0.42 0.08 0.13 0.45 0.07 0.26 0.03 0.15 0.03 0.19 0.05 0.03 −0.07 0.24
Iowa 3.3 −0.28 0.00 −0.07 0.27 0.26 0.70 0.57 0.17 0.14 0.20 0.80 0.09 0.00 0.09 0.09 0.06 0.13 0.07 −0.04 −0.06 0.07
Kansas 2.3 −0.49 −0.03 −0.08 0.14 0.28 0.14 0.34 0.38 0.19 0.11 0.39 −0.01 0.17 0.10 0.13 0.02 0.13 0.03 0.02 −0.02 0.35
Kentucky 2.1 −0.16 −0.09 −0.08 0.04 0.14 0.16 0.32 0.36 0.10 0.16 0.33 0.06 0.16 0.06 0.17 0.00 0.18 0.02 0.03 −0.02 0.18
Louisiana 1.9 −0.03 −0.26 −0.09 −0.13 0.15 0.77 0.32 0.36 0.10 0.12 0.13 0.06 0.27 0.03 0.02 −0.02 0.09 0.02 −0.04 0.01 0.04
Maine 2.6 0.27 0.00 −0.05 −0.01 −0.03 0.16 0.26 0.45 −0.04 0.06 0.35 0.03 0.09 0.13 0.14 0.02 0.23 0.07 0.23 0.01 0.19
Maryland 2.3 −0.02 −0.01 −0.09 0.01 0.06 0.08 0.22 0.27 0.00 0.19 0.17 0.06 0.62 0.07 0.25 −0.03 0.29 0.03 0.08 −0.03 0.04
Massachusetts 3.5 0.07 0.00 −0.07 0.12 0.11 0.11 0.35 0.24 −0.03 0.52 0.45 0.22 0.63 0.09 0.19 0.05 0.26 0.01 0.08 −0.02 0.08
Michigan 2.8 −0.37 −0.03 −0.09 0.20 0.48 0.08 0.40 0.34 0.10 0.26 0.29 0.21 0.27 0.12 0.13 0.01 0.13 0.08 0.03 −0.02 0.18
Minnesota 2.7 −0.92 −0.03 −0.07 0.23 0.14 0.25 0.67 0.36 0.13 0.25 0.47 0.12 0.30 0.19 0.14 0.02 0.22 0.06 0.08 −0.04 0.14
Mississippi 1.9 −0.28 −0.05 −0.11 −0.09 0.08 0.10 0.36 0.44 0.00 0.17 0.33 0.03 0.18 0.04 0.19 −0.01 0.10 0.00 0.17 −0.05 0.35
Missouri 2.9 −0.58 −0.01 −0.07 0.12 0.23 0.31 0.49 0.33 0.10 0.33 0.30 0.09 0.36 0.14 0.14 0.02 0.27 0.08 0.08 −0.05 0.25
Montana 3.4 0.43 −0.13 −0.12 0.33 0.08 0.15 0.32 0.40 0.26 0.19 0.27 0.03 0.26 0.02 0.15 0.01 0.23 0.09 0.05 0.00 0.41
Nebraska 3.6 0.38 −0.01 −0.15 0.09 0.15 0.36 0.38 0.23 0.34 0.18 0.55 0.16 0.11 0.09 0.25 0.04 0.22 −0.01 0.06 −0.05 0.24
Nevada 4.1 −0.05 −0.22 −0.08 0.57 0.25 0.04 0.41 0.52 0.03 0.34 0.14 0.35 0.38 0.25 0.38 0.03 0.30 0.03 0.21 0.01 0.19
New Hampshire 3.7 0.05 0.00 −0.04 0.25 0.55 0.06 0.69 0.38 0.00 0.27 0.61 0.07 0.09 0.02 0.30 −0.07 0.22 0.02 0.06 0.01 0.16
New Jersey 3.3 0.05 −0.01 −0.06 −0.11 0.11 0.46 0.70 0.31 0.11 0.29 0.28 0.02 0.41 0.03 0.25 0.09 0.21 0.02 0.13 0.00 0.06
New Mexico 2.0 0.05 −0.37 −0.08 0.22 0.14 0.04 0.14 0.31 0.11 0.19 0.16 −0.03 0.15 0.02 0.12 0.05 0.20 0.00 −0.03 −0.06 0.69
New York 2.8 −0.01 −0.01 −0.02 0.07 −0.07 0.24 0.25 0.18 0.07 0.34 0.92 0.19 0.14 −0.01 0.09 0.07 0.24 0.01 0.06 0.03 0.04
North Carolina 1.8 −0.66 −0.01 −0.08 0.09 0.15 0.11 0.46 0.31 0.05 0.32 0.52 0.09 0.34 0.12 0.20 0.00 0.20 0.02 0.05 −0.04 −0.44
North Dakota 3.8 0.31 0.34 −0.11 0.83 −0.11 0.17 0.22 0.26 0.29 0.16 0.19 0.12 0.30 0.05 0.18 −0.01 0.17 0.04 0.23 −0.05 0.19
Ohio 2.8 −0.18 −0.06 −0.12 0.17 0.21 0.17 0.47 0.34 0.08 0.19 0.41 0.05 0.18 0.13 0.20 −0.02 0.28 0.07 0.08 −0.01 0.22
Oklahoma 2.2 −0.30 0.41 −0.09 −0.16 0.09 −0.08 0.64 0.45 0.25 0.01 0.17 −0.02 0.09 0.10 0.36 0.01 0.00 −0.04 0.06 −0.06 0.29
Oregon 3.5 0.11 −0.01 −0.05 0.44 0.21 0.14 0.50 0.34 0.03 0.24 0.09 0.33 0.24 0.26 0.15 0.04 0.44 0.02 0.10 −0.05 −0.01
Pennsylvania 2.8 −0.02 −0.04 −0.08 0.03 0.08 0.23 0.38 0.26 0.09 0.27 0.41 0.03 0.30 0.17 0.15 0.01 0.31 0.06 0.05 −0.04 0.11
Rhode Island 2.9 0.06 0.00 −0.07 0.07 0.08 0.03 0.44 0.31 0.00 0.23 0.58 −0.06 0.16 0.13 0.27 0.20 0.24 0.07 0.18 −0.02 0.02
South Carolina 2.9 −0.14 0.00 −0.10 0.06 0.19 0.24 0.38 0.38 0.06 0.22 0.19 0.19 0.27 0.06 0.20 0.01 0.22 0.03 0.04 −0.03 0.46
South Dakota 3.6 0.22 −0.02 −0.08 0.36 0.16 0.29 0.84 0.31 0.14 0.17 0.67 0.18 0.08 0.05 0.07 0.00 0.03 0.01 −0.01 −0.01 0.15
Tennessee 3.1 −0.28 0.00 −0.03 0.08 0.23 0.27 0.52 0.43 0.09 0.24 0.29 0.14 0.24 0.09 0.24 0.03 0.35 0.03 0.08 −0.03 0.15
Texas 3.7 −0.17 0.33 −0.10 0.32 0.08 0.22 0.79 0.39 0.12 0.12 0.40 0.12 0.35 0.12 0.25 0.04 0.21 0.03 0.02 0.01 0.06
Utah 4.4 −0.08 −0.09 −0.05 −0.13 0.47 0.11 0.46 0.68 0.12 0.41 0.80 0.37 0.26 0.02 0.00 0.05 0.30 0.01 0.09 0.04 0.52
Vermont 2.2 −0.12 −0.03 −0.08 0.07 0.11 0.11 0.25 0.40 0.01 0.18 0.27 0.05 0.26 0.04 0.16 0.03 0.25 0.02 0.05 −0.03 0.18
Virginia 3.3 −0.15 −0.02 −0.05 0.09 0.14 0.24 0.37 0.32 0.04 0.34 0.36 0.16 0.75 0.09 0.26 0.01 0.21 0.05 0.03 −0.03 0.10
Washington 5.8 0.35 −0.01 −0.07 0.20 0.16 0.20 0.49 0.94 0.10 1.40 0.22 0.41 0.55 0.10 0.34 0.03 0.09 −0.02 0.02 0.02 0.27
West Virginia 0.0 −0.21 −0.91 −0.12 0.07 0.16 −0.10 0.53 0.29 −0.01 0.03 0.13 0.02 0.29 −0.02 −0.06 0.02 0.32 0.07 −0.15 −0.08 −0.23
Wisconsin 2.8 −0.22 −0.01 −0.09 0.21 0.37 0.33 0.40 0.33 0.12 0.26 0.32 0.05 0.10 0.07 0.07 0.05 0.32 0.04 0.07 −0.04 0.06
Wyoming 1.8 −0.36 −0.67 −0.16 0.41 0.04 0.15 0.46 0.15 0.35 0.15 0.20 0.02 0.11 0.01 0.02 0.01 0.23 0.08 0.27 −0.06 0.35
  1. The United States includes government overseas activities not attributable to the states.
  2. Percentage-point contributions for the United States do not sum to “All industry total (percent change),” because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of real GDP.

Personal income growth accelerated in the third quarter of 2018 in 33 states and in the District of Columbia (table C).2 U.S. personal income grew 4.0 percent in the third quarter of 2018, up from 3.4 percent in the second quarter. Personal income growth ranged from 6.2 percent in Nevada and in Washington to 2.1 percent in Missouri.

  • Compensation of employees, the largest component of personal income, grew in every state in the third quarter of 2018 after falling in 12 states and in the District of Columbia in the second quarter.3 Compensation growth accelerated in 24 states. It grew the fastest in the state of Washington (7.5 percent), and within Washington, compensation grew the fastest in the information industry (23.7 percent).
  • Proprietors’ income, which represents the income earned from current production by unincorporated businesses that is received by persons, rose 3.1 percent on average in the third quarter after rising 4.8 percent in the second quarter. In the third quarter, New Hampshire’s proprietors’ income grew the fastest (7.1 percent), while Arkansas’ fell the most (8.5 percent). Farm proprietors’ income fell in every state—by as much as $1.2 billion in North Carolina—while nonfarm proprietors’ income grew in every state (table D).4
  • Property income growth (dividends, interest, and rent) increased 4.0 percent on average in the third quarter after increasing 3.9 percent in the second quarter. The biggest increase, 5.2 percent, was in the state of Washington, while the smallest increase was in Oklahoma (2.6 percent). Personal dividend income grew 5.0 percent, personal interest income grew 1.9 percent, and the rental income of persons increased 7.0 percent.
  • Personal current transfer receipts, which consist primarily of Social Security, Medicare, and Medicaid benefits, grew 4.0 percent in the third quarter, a deceleration from the 4.4 percent growth in the second quarter. The growth was fastest in Colorado, where transfer receipts grew 10.9 percent. Transfer receipts fell 1.6 percent in New York, the only state with a decline. A 28.3 percent increase in Medicaid transfer receipts accounted for the bulk of the increase in Colorado, while an 11.3 percent decline in Medicaid and a 26.0 percent decline in state unemployment insurance compensation accounted for the decrease in New York.
  • Contributions for government social insurance, a subtraction in the derivation of personal income, grew 3.8 percent in the third quarter after rising 2.7 percent in the second quarter. The largest increase was in the state of Washington (6.9 percent), the state with the largest increase in compensation. The smallest increase was in West Virginia (0.7 percent), which had the smallest increase in compensation.
  • The residence adjustment for New York fell $700 million in the third quarter after falling $1,423 million in the second quarter (table D). For New Jersey, the residence adjustment increased $489 million in the third quarter after rising $965 million in the second quarter.
Table C. Percent Change in Personal Income and Select Components by State
[Seasonally adjusted at annual rates]
  Personal income Compensation1 Proprietors' income with IVA and CCAdj Dividends, interest, and rent Personal current transfer receipts Contributions for government social insurance
2018:II 2018:III 2018:II 2018:III 2018:II 2018:III 2018:II 2018:III 2018:II 2018:III 2018:II 2018:III
United States2 3.4 4.0 2.7 4.1 4.8 3.1 3.9 4.0 4.4 4.0 2.7 3.8
Alabama 2.5 3.4 1.6 3.9 6.3 −1.0 2.8 2.9 3.2 3.9 1.7 3.6
Alaska 2.2 3.3 2.6 1.6 4.9 2.6 2.8 3.0 −0.8 9.6 2.7 1.3
Arizona 1.9 5.4 1.1 5.4 3.6 4.2 4.0 4.4 1.3 6.8 1.2 5.1
Arkansas 2.2 3.0 −0.8 3.4 11.0 −8.5 4.8 4.2 3.0 4.2 −0.6 3.1
California 5.4 4.2 5.3 4.1 3.7 3.3 4.5 5.1 8.2 3.9 5.1 3.6
Colorado 4.6 5.3 4.1 4.8 6.3 2.0 4.2 4.6 6.6 10.9 3.9 4.4
Connecticut 0.2 4.1 −5.8 4.3 4.2 6.6 3.5 3.3 9.5 2.7 −5.3 4.0
Delaware 2.2 3.3 −0.4 4.1 5.1 0.2 3.1 3.3 5.7 2.2 0.1 3.7
District of Columbia 2.1 4.8 −0.2 3.5 10.2 5.7 3.1 3.5 −2.3 10.4 −0.4 3.0
Florida 1.8 4.3 −1.0 5.2 8.7 3.8 4.2 4.0 3.4 2.8 −0.9 4.9
Georgia 3.4 4.4 2.9 4.7 4.9 2.3 4.1 4.0 3.8 5.0 2.9 4.4
Hawaii 0.8 3.5 −0.1 3.7 2.5 2.9 3.0 4.1 −0.1 2.4 −0.4 3.5
Idaho 4.6 3.7 5.3 4.2 3.8 −2.6 4.5 4.5 3.2 4.6 4.9 3.8
Illinois 3.1 3.0 1.0 1.9 7.9 4.2 3.9 3.7 7.4 5.5 1.1 1.5
Indiana 0.1 3.6 −1.7 3.6 4.6 2.9 3.4 3.5 0.1 4.4 −1.7 3.3
Iowa 4.9 3.9 7.6 3.6 −11.1 −1.5 3.3 3.5 7.4 7.9 7.4 3.4
Kansas 3.7 3.1 6.4 2.9 −5.9 0.9 2.9 2.8 2.2 5.8 6.0 2.7
Kentucky 4.5 2.6 2.8 3.3 6.2 −0.4 3.4 3.5 8.7 1.0 2.6 3.0
Louisiana 4.8 2.3 4.0 2.6 11.1 1.8 2.9 2.9 6.2 1.1 4.8 2.3
Maine 2.6 3.3 1.6 3.2 8.8 2.8 3.2 3.4 3.3 3.6 1.5 2.8
Maryland 2.6 3.9 3.0 4.3 2.2 0.9 2.8 3.1 3.6 5.5 2.9 4.0
Massachusetts 1.0 4.4 −2.3 4.7 6.2 5.4 4.1 4.2 7.4 2.9 −2.2 4.4
Michigan 1.5 4.2 −0.5 3.9 4.7 5.1 4.2 4.1 3.3 4.8 −0.7 3.6
Minnesota 6.8 3.4 7.6 3.5 7.9 0.7 4.1 4.0 6.8 3.4 7.3 3.2
Mississippi 3.2 2.3 2.0 3.0 13.8 −5.7 2.5 2.7 2.6 2.6 2.2 2.7
Missouri 6.1 2.1 7.3 1.5 6.3 2.5 3.7 3.6 5.0 1.8 6.9 1.4
Montana 4.6 3.1 4.1 4.7 7.3 −1.3 4.0 3.9 5.2 0.5 4.0 4.5
Nebraska 2.4 3.5 5.9 4.2 −12.8 −0.3 3.3 3.5 1.5 3.9 5.6 4.0
Nevada 2.0 6.2 −0.5 6.5 6.6 5.3 5.0 4.7 3.6 7.9 −0.8 6.5
New Hampshire −0.8 5.1 −5.3 4.7 3.3 7.1 3.6 3.7 6.2 7.1 −5.2 4.3
New Jersey 2.8 4.2 1.7 4.1 3.7 6.3 3.4 3.5 2.0 4.1 1.7 3.8
New Mexico 2.3 4.5 1.8 3.8 4.3 0.2 2.8 3.0 2.3 8.4 2.0 3.5
New York 5.0 2.9 5.7 3.7 4.0 4.3 4.0 3.9 5.2 −1.6 5.3 3.4
North Carolina 5.6 3.0 7.0 2.7 7.1 −8.0 4.1 4.0 2.7 7.1 6.8 2.2
North Dakota 6.5 4.6 8.9 4.8 −0.2 −0.5 3.4 3.8 6.4 8.1 8.8 4.7
Ohio 1.9 4.1 0.5 4.2 6.6 4.3 3.6 3.5 2.7 3.9 0.6 3.9
Oklahoma 3.3 2.6 3.4 3.1 5.8 1.0 2.4 2.6 2.0 2.1 3.3 2.9
Oregon 3.5 5.1 2.5 4.7 3.5 4.4 4.3 4.7 5.4 6.8 2.2 4.4
Pennsylvania 2.1 4.7 2.7 4.0 2.1 4.0 3.1 3.3 −0.5 8.3 2.6 3.7
Rhode Island 1.2 3.4 0.2 4.2 6.5 6.1 2.8 2.9 2.4 0.6 −0.3 3.9
South Carolina 1.9 4.4 −0.5 4.2 4.5 2.8 4.2 4.2 4.0 5.7 −0.7 4.0
South Dakota 2.3 3.9 2.2 3.8 −2.1 3.0 3.8 3.9 3.2 4.4 2.0 3.5
Tennessee 3.8 4.4 2.9 4.1 5.6 4.7 3.2 3.6 5.3 5.3 2.7 3.8
Texas 4.2 4.6 3.7 5.0 6.1 3.8 3.8 3.6 4.9 5.1 3.7 4.8
Utah 3.2 4.8 2.8 5.4 2.2 2.5 4.8 4.9 2.8 2.6 2.5 5.0
Vermont 3.0 4.0 2.7 3.6 5.0 1.3 4.0 3.8 3.1 6.1 2.4 3.3
Virginia 2.0 4.1 1.1 5.1 5.9 4.1 3.1 3.4 3.0 1.6 1.2 4.8
Washington 4.5 6.2 4.0 7.5 6.3 4.1 5.1 5.2 4.3 3.9 3.9 6.9
West Virginia 5.0 3.1 7.7 1.1 22.3 2.7 2.7 3.2 0.0 5.9 8.4 0.7
Wisconsin 1.4 3.6 −0.6 3.8 4.2 0.5 3.5 3.6 3.9 4.2 −0.2 3.5
Wyoming 2.7 3.3 1.7 3.7 4.5 0.8 3.5 3.3 2.5 4.2 1.5 3.7
IVA
Inventory valuation adjustment
CCAdj
Capital consumption adjustment
  1. Compensation is by place of work.
  2. Excludes government overseas activities.

Table D. Change in State Personal Income by Component and by State, 2018:II and 2018:III
[Millions of dollars, seasonally adjusted at annual rates]

  2018:II 2018:III
Personal income Compensation1 Proprietors' income with IVA and CCAdj Dividends, interest, and rent Personal current transfer receipts Contributions for government social insurance Adjustment for residence Personal income Compensation1 Proprietors' income with IVA and CCAdj Dividends, interest, and rent Personal current transfer receipts Contributions for government social insurance Adjustment for residence
Farm Nonfarm Farm Nonfarm
United States2 147,006 72,585 1,446 16,767 33,191 31,894 8,861 −16 172,546 109,505 −8,065 19,938 34,333 29,558 12,703 −20
Alabama 1,280 484 29 195 251 367 65 20 1,723 1,155 −219 182 265 453 142 29
Alaska 238 174 0 46 55 −15 21 −1 357 109 −1 25 60 174 11 0
Arizona 1,449 515 45 158 590 195 73 19 4,103 2,498 −66 303 648 1,008 306 17
Arkansas 679 −133 143 71 339 220 −15 24 937 589 −310 127 299 304 71 −1
California 31,913 19,531 434 1,785 5,791 6,667 2,231 −63 25,592 15,237 −309 2,313 6,675 3,293 1,604 −13
Colorado 3,623 1,991 0 468 735 656 239 12 4,146 2,371 −204 358 798 1,081 271 13
Connecticut 149 −2,097 0 298 514 774 −234 425 2,639 1,475 −6 476 481 230 170 153
Delaware 273 −30 3 42 70 144 1 45 400 328 −50 52 75 57 37 −26
District of Columbia 293 −47 0 219 80 −38 −11 69 673 808 0 127 90 168 80 −440
Florida 4,666 −1,437 570 712 2,875 1,741 −161 44 11,024 7,067 −320 904 2,780 1,422 858 29
Georgia 3,977 2,197 59 419 844 755 265 −32 5,215 3,579 −290 520 832 1,012 408 −30
Hawaii 150 −14 −4 41 124 −3 −6 0 673 440 −3 47 173 71 54 0
Idaho 837 536 3 73 182 106 71 9 680 427 −171 118 184 151 57 27
Illinois 5,437 1,128 396 587 1,415 1,967 154 99 5,388 2,187 −250 793 1,356 1,481 196 17
Indiana 115 −821 157 167 412 21 −103 74 2,786 1,678 −82 292 419 651 200 29
Iowa 1,824 1,729 −492 136 240 461 224 −26 1,474 856 −288 242 259 504 105 6
Kansas 1,320 1,353 −383 148 204 128 169 39 1,099 633 −112 146 201 327 76 −20
Kentucky 2,017 792 40 145 254 944 97 −60 1,191 952 −155 141 261 112 114 −7
Louisiana 2,471 1,238 110 342 260 705 168 −15 1,190 799 −102 179 268 126 83 3
Maine 416 142 7 98 94 115 18 −20 528 288 −15 50 99 126 35 15
Maryland 2,437 1,623 15 183 503 454 201 −141 3,636 2,355 −66 150 560 709 278 205
Massachusetts 1,234 −1,883 3 650 959 1,232 −206 67 5,228 3,704 −6 579 984 496 399 −130
Michigan 1,730 −364 26 339 876 782 −69 2 4,923 2,844 −147 548 863 1,137 343 21
Minnesota 5,106 3,779 239 189 608 808 464 −53 2,629 1,790 −415 452 600 419 212 −4
Mississippi 872 306 115 158 116 190 46 32 631 459 −205 79 126 191 57 38
Missouri 4,159 3,190 113 225 484 688 383 −157 1,488 691 −258 395 471 256 81 14
Montana 562 262 7 78 120 126 38 7 376 302 −73 57 116 13 42 4
Nebraska 581 879 −485 88 166 58 111 −14 854 635 −155 147 175 146 80 −14
Nevada 713 −112 −2 145 429 209 −21 23 2,200 1,394 −19 137 410 459 168 −12
New Hampshire −159 −630 0 68 130 183 −80 9 1,036 533 −5 148 135 211 63 77
New Jersey 4,076 1,421 2 541 920 416 188 965 6,169 3,358 −3 929 951 852 408 489
New Mexico 479 226 −19 73 115 112 34 5 950 467 −71 74 127 407 58 4
New York 16,135 11,820 10 1,311 2,730 3,029 1,343 −1,423 9,456 7,846 −139 1,579 2,682 −946 866 −700
North Carolina 6,366 4,988 39 583 881 624 629 −119 3,483 1,968 −1,175 422 876 1,592 215 16
North Dakota 639 603 −42 40 78 90 83 −48 465 340 −56 53 87 115 46 −28
Ohio 2,675 444 263 408 853 726 70 52 5,583 3,721 −265 711 837 1,059 428 −52
Oklahoma 1,465 846 −38 392 201 171 109 0 1,153 784 −222 286 215 180 96 6
Oregon 1,796 810 −11 172 441 509 103 −22 2,599 1,502 −53 257 490 652 204 −45
Pennsylvania 3,610 2,819 4 377 934 −181 363 20 8,137 4,154 −180 921 984 2,660 506 103
Rhode Island 171 14 0 59 74 70 −4 −50 489 352 −1 58 79 19 46 29
South Carolina 1,031 −165 24 144 404 468 −31 125 2,348 1,308 −75 180 409 664 164 25
South Dakota 247 133 −48 20 101 53 16 5 413 226 −37 76 104 74 28 −1
Tennessee 2,957 1,368 53 565 364 794 162 −24 3,414 1,921 −86 608 416 814 232 −28
Texas 14,228 8,071 −1 2,345 2,300 2,515 971 −32 15,996 10,945 −733 2,227 2,225 2,649 1,272 −45
Utah 1,102 646 −8 69 347 124 77 0 1,661 1,271 −50 121 358 116 154 −2
Vermont 244 127 −2 35 67 51 17 −18 330 171 −24 33 66 100 23 6
Virginia 2,398 799 6 406 758 496 115 47 4,814 3,767 −113 406 820 273 453 113
Washington 4,930 2,791 92 470 1,252 671 366 21 6,844 5,203 −97 470 1,279 627 657 20
West Virginia 869 745 −3 216 75 2 118 −48 558 106 −28 57 87 293 11 53
Wisconsin 996 −279 −26 228 481 487 −13 90 2,586 1,744 −311 334 490 522 210 18
Wyoming 232 78 1 38 95 29 10 2 284 167 −44 51 89 48 24 −2
IVA
Inventory valuation adjustment
CCAdj
Capital consumption adjustment
  1. Compensation is by place of work.
  2. Excludes government overseas activities.

 

  1. Quarterly estimates and percent changes are expressed at seasonally adjusted annual rates, which reflect the rate of activity for the quarter as if it were maintained for a year. The third-quarter 2018 state GDP estimates are aligned with the national estimates in the February 21, 2019, GDP by industry release.
  2. State personal income, which is measured in current dollars, is the sum of compensation; proprietors’ income; dividends, interest, and rent; and personal current transfer receipts, less contributions for government social insurance, plus an adjustment for residence. Quarterly estimates in dollars are expressed at seasonally adjusted annual rates; quarter-to-quarter percent changes are annualized. The third-quarter 2018 state personal income estimates are aligned with the national estimates that were released on November 29, 2018.
  3. Compensation accounted for 53–70 percent of state personal income in the third quarter of 2018.
  4. There are no farm proprietors in the District of Columbia.