Bureau of Economic Analysis sent this bulletin at 06/30/2023 10:16 AM EDT
The full text of the release can be found at www.bea.gov/news/2023/gross-domestic-product-state-and-personal-income-state-1st-quarter-2023.
BEA News: Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023
Update of state statistics
Today, BEA also released revised quarterly estimates of personal income by state for the first through fourth quarters of 2022. This update incorporates new and revised source data that are more complete and more detailed than previously available and aligns the states with the national estimates from the National Income and Product Accounts released on June 29, 2023.
BEA also released new estimates of per capita personal income for the first quarter of 2023. BEA used U.S. Census Bureau (Census) population figures to calculate per capita personal income estimates for the first quarter of 2020 through the first quarter of 2023. For earlier estimates, BEA used intercensal population statistics that it developed based on Census methodology. See “Note on Per Capita Personal Income and Population.”
Upcoming comprehensive update of the Regional Economic Accounts
BEA will release the results of the comprehensive (or benchmark) update of the Regional Economic Accounts on September 29, 2023. This update will present revised statistics for GDP by state and state personal income.
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BEA News: Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama. Personal income, in current dollars, increased in 48 states and the District of Columbia in the first quarter, with the percent change ranging from 11.4 percent in Maine to –1.0 percent in Indiana |
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