October 4, 2018
State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016. The percent change in PCE across all states ranged from 6.9 percent in Idaho to 2.0 percent in North Dakota.
- In 2017, expenditure growth in health care and housing and utilities were the leading contributors to national PCE growth. These categories grew 4.6 percent and 4.0 percent, respectively. Spending on health care and on housing and utilities were also among the leading contributors to PCE growth in most states, including the four fastest growing states.
- Gasoline and other energy goods expenditures increased on average 11.7 percent in 2017. It was the first year-over-year increase since 2012. Spending on gasoline and other energy goods increased in every state.
- Across all states and the District of Columbia, per capita PCE was $40,878. Per capita PCE by state ranged from a high of $53,267 in Massachusetts to a low of $30,027 in Mississippi.
For more information, read the full report.