Real personal consumption expenditures (PCE) by state increased in all 50 states and the District of Columbia in 2021. The percent change in real PCE across all 50 states and the District of Columbia ranged from 12.5 percent in Utah to 2.0 percent in West Virginia.
Real PCE by state is a state's current-dollar PCE (Consumer Spending by State) adjusted by the state's regional price parity and the national PCE price index. In 2021, the national PCE price index increased 4.0 percent.
- Utah had the largest increase in real PCE, at 12.5 percent. Current-dollar PCE increased 16.3 percent while its implicit regional price deflator increased 3.4 percent.
- West Virginia had the smallest increase in real PCE, at 2.0 percent. Current-dollar PCE increased 10.3 percent while its implicit regional price deflator increased 8.1 percent.
Real personal income
Real personal income increased in 48 states and the District of Columbia in 2021. The percent change in real personal income across all 50 states and the District of Columbia ranged from 7.2 percent in Nevada to –2.7 percent in Alaska.
- Nevada had the largest increase in real personal income, at 7.2 percent. Current-dollar personal income (Personal Income by State) increased 9.7 percent while its implicit regional price deflator increased 2.3 percent.
- Alaska had the largest decrease in real personal income, at 2.7 percent. Current-dollar personal income increased 4.9 percent while its implicit regional price deflator increased 7.8 percent.
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