Apr 21 2016 11784 1

Apr 21 2016 11784 1

Personal income grew an average of 5.2 percent in Florida in 2015, according to numbers released Thursday by the U.S. Department of Commerce’s Bureau of Economic Analysis.

That’s significantly up from the 4.4 percent growth in personal income seen across the country, and puts the Sunshine State at No. 6 for income growth. The South and the Far West experienced the greatest growth in personal income in 2015, according to the analysis.

Personal income grew an average of 5.2 percent in Florida in 2015, according to numbers released Thursday by the U.S. Department of Commerce’s Bureau of Economic Analysis.Enlarge

Personal income grew an average of 5.2 percent in Florida in 2015, according to numbers… more

ARTQU

Georgia was the only state in the South to realize greater growth at 5.3 percent between 2014 and 2015, coming in No. 5 in the country. But it was Western state California which took gold for greatest personal income gains, at 6.3 percent. Oregon was No. 2, at 5.8 percent, followed by Utah at No. 3 with 5.5 percent growth, and Nevada at No. 4 with 5.4 percent growth.

North Dakota experienced -0.2 percent growth in personal income, the lowest in the country.

Construction, retail trade and wholesale trade were the industries that contributed to the most overall growth in personal income in Florida.

Across the country, professional and business services, health care and construction were the industries which contributed to the most overall income growth.


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Dated: April 21st 2016
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