2001 State Per Capita Personal Income and State Personal Income- Fourth Quarter 2001

Four relatively energy-intensive states—New Mexico, Wyoming, Oklahoma, and Alaska—led the nation in per capita personal income growth in 2001,
according to preliminary estimates released by the U.S. Bureau of Economic Analysis. The five states with the slowest growth in per capita income were
Washington, Nevada, Oregon, South Dakota, and Michigan (see map).

For the nation, per capita income grew 2.7 percent, to $30,271 in 2001, after growing 5.8 percent in 2000. The 2.7-percent increase was the smallest growth
rate since the 1990–91 recession. The slowdown in 2001 from the previous year reflected a substantial deceleration in personal income growth to 3.7 percent in
2001 from 7.0 percent in 2000; population growth also decelerated slightly to 0.9 percent from 1.1 percent.

Per Capita Income Growth in 2001

Fastest growing states.— In 2001, the four states with the fastest growth in per capita incomes were New Mexico (5.6 percent), Wyoming (5.2 percent),
Oklahoma (4.8 percent), and Alaska (4.6 percent). Of these states, only Alaska had per capita income above the U.S. average of $30,271 (see table 1). By size,
these four states together accounted for about 2.0 percent of total personal income and contributed 2.7 percent of total income growth in 2001.

In all four states, growth rates in personal income exceeded the U.S. average of 3.7 percent, and except in Alaska, growth rates in population were below
the U.S. average of 0.9 percent (see the chart below).

(Please go to the website for much more economic info including Montana’s rankings)

http://www.bea.doc.gov/bea/newsrel/spi0402.htm