October 3, 2019
State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.
- Expenditures on health care, and on housing and utilities increased 4.9 and 4.6 percent, respectively, and were the leading contributors to growth nationally.
- Expenditures on housing and utilities, other nondurable goods, and health care increased 5.2, 10.6, and 5.0 percent, respectively in Utah, the fastest growing state, and were the leading contributors to growth.
- In West Virginia and Iowa, PCE expenditure growth was below the U.S. in every expenditure category.
- Across all states and the District of Columbia, per capita PCE was $42,757. Per capita PCE by state ranged from a high of $55,095 in Massachusetts to a low of $31,083 in Mississippi. Per capita PCE in the District of Columbia was $63,151.
For more information, read the full report.