Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2022

Real gross home merchandise (GDP) accrued successful 47 states and nan District of Columbia successful nan 3rd 4th of 2022, pinch nan percent alteration successful existent GDP ranging from 8.7 percent successful Alaska to –0.7 percent successful Mississippi (table 1), according to statistic released coming by nan U.S. Bureau of Economic Analysis (BEA).

Current-dollar GDP accrued successful each 50 states and nan District of Columbia successful nan 3rd quarter, pinch nan percent alteration ranging from 10.4 percent successful Oregon to 2.3 percent successful North Dakota.

Personal income accrued successful each 50 states and nan District of Columbia successful nan 3rd quarter, pinch nan percent alteration ranging from 14.2 percent successful Colorado to 1.4 percent successful Kentucky (table 4).

GDP

In nan 3rd 4th of 2022, arsenic existent GDP for nan federation accrued astatine an yearly complaint of 3.2 percent, existent GDP accrued successful 16 of nan 23 manufacture groups for which BEA prepares quarterly authorities estimates (table 2). Information services; professional, scientific, and method services; and mining were nan starring contributors to nan summation successful existent GDP nationally.

• The mining manufacture was nan starring contributor to nan increases successful existent GDP successful Alaska, Texas, Oklahoma, Wyoming, North Dakota, and New Mexico, nan six states pinch nan largest increases successful existent GDP, and successful West Virginia, nan authorities pinch nan eighth-largest summation successful existent GDP.
• The accusation services manufacture accrued successful each 50 states and nan District of Columbia (table 3). This manufacture was nan starring contributor to nan summation successful 14 states.
• Professional, scientific, and method services accrued successful 48 states and nan District of Columbia and was nan starring contributor to nan summation successful 5 states and nan District of Columbia.
• The building manufacture was nan starring contributor to nan alteration successful Mississippi and Indiana, 2 of 3 states pinch decreases successful existent GDP. This manufacture besides moderated increases successful existent GDP successful 47 states and nan District of Columbia.

Personal income

In nan 3rd 4th of 2022, state individual income accrued astatine an yearly complaint of 5.3 percent crossed each 50 states and nan District of Columbia.

Nationally, increases successful earnings, spot income (dividends, interest, and rent), and transportation receipts each contributed to nan summation successful individual income (chart 1).

Transfer receipts accrued successful 28 states, expanding 1.0 percent nationally. The percent alteration successful transportation receipts ranged from 79.7 percent successful Colorado to –7.9 percent successful Kentucky (table 5).

Although transportation receipts had minimal effect nationally, it was nan starring contributor to increases successful individual income successful Colorado, Maine, New Mexico, and Idaho, nan states pinch nan largest increases successful individual income. Temporary authorities refundable taxation credits successful these states and different states resulted successful above-average increases successful transportation receipts successful nan 3rd quarter.1

Earnings accrued successful each 50 states and nan District of Columbia, expanding 6.5 percent nationally. The percent alteration successful net ranged from 8.5 percent successful Texas to 3.2 percent successful Indiana.

Earnings accrued successful 22 of nan 24 industries for which BEA prepares quarterly estimates (table 6). Health attraction and societal assistance; professional, scientific, and method services; and authorities and section authorities were nan starring contributors to nan wide maturation successful earnings.

• In Florida, nan authorities pinch nan fifth-largest summation successful individual income, nan summation successful net successful wellness attraction and societal assistance was nan starring contributor to nan summation successful individual income successful nan 3rd 4th (table 5).
• In Texas, nan authorities pinch nan sixth-largest summation successful individual income, nan summation successful net successful professional, scientific, and method services was nan starring contributor.

Property income accrued successful each 50 states and nan District of Columbia, expanding 5.5 percent nationally. The percent alteration ranged from 8.1 percent successful Idaho to 3.0 percent successful Kansas (table 4).

Update of authorities statistics

Today, BEA besides released revised quarterly estimates of individual income by authorities for nan first 4th of 2022 done nan 2nd 4th of 2022. The updates incorporated caller and revised root information that are much complete and much elaborate than antecedently disposable and to align nan states pinch revised nationalist estimates from nan National Income and Product Accounts released connected December 22, 2022.

BEA besides released caller estimates of per capita individual income for nan 3rd 4th of 2022, on pinch revised estimates for nan first 4th of 2022 done nan 2nd 4th of 2022. BEA utilized U.S. Census Bureau (Census) organization figures to cipher per capita individual income estimates for nan 2nd 4th of 2020 done nan 3rd 4th of 2022. For earlier estimates, BEA continues to usage intercensal organization statistic that it developed based connected Census' methodology. See "Note connected Per Capita Personal Income and Population."

Next release: March 31, 2023, 10:00 a.m. EDT
Gross Domestic Product by State and Personal Income by State, 4th Quarter and Year 2022 (Preliminary)

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1. See “How are authorities refundable taxation credits recorded successful nan National Income and Product Accounts (NIPAs)?” connected nan BEA website.