Who Was At The Top? Three Guesses And First Two Don't Count -- 1Q23 GDP Growth Data By State

Locator: 45931ECON. 

Link here.

1Q23 GDP growth and personal income growth by state.

Personal income: Nebraska, 11.1, beat North Dakota, 11.0, because Warren Buffett resides in Omaha, NE.

 

 

FRED: link here.

Back-of-the envelope:

• 4Q22 - 1Q23: 12.4% growth:
• $73,267 per capita, 2022
• 1.124 * 73267 = 82,352
• 1Q20e = 59199
• (82,352-59199)/59199 = 39.1% growth (1Q20 - 1Q23)
  

GDP per capita, link here.

Construction spending per capita:

• North Dakota: at about $2,600 per capita trends toward 3X that of California;
• California: at about $1,100 per capita
• based on most recent data easily available to an armchair blogger.
• Texas? About $1,333 using same sources.
• Michigan, where the cars are made? About $800 per capita.
• no links. I'll let folks use their own sources.

With numbers like these, I have no idea why North Dakota still has a state income tax. Texas has not state income tax, just saying.