— "Thanks to strong growth in the agriculture and mining
industries — particularly oil and gas production — North Dakota’s
per-capita personal income has risen more than 78 percent since 2000
according to statistics released Friday by the federal government and
the state Department of Commerce. That’s more than double the 37.4
percent increase in per-capita income seen nationally, the U.S. Bureau
of Economic Analysis reported.
Per-capita personal income in North Dakota in 2011 was $45,747, an
increase of $20,155 since 2000, when per-capita personal income was
$25,592, the BEA reported. North Dakota’s average growth in per-capita personal income between 2001
and 2011 was 5.6 percent, while the national average was 2.9 percent."
MP: North Dakota's growth in personal income per capita of 78.75% between 2000 and 2011 was the highest for any U.S. state, but was just behind the 80.6% growth in per-capita income in Washington, D.C. What's the lesson here? Maybe that even an abundance of natural resources and oil prosperity in North Dakota can't generate increases in personal income like the federal government in D.C.?
HT: Kevin Burhart
: Here's a post from Rob Port
with further details on North Dakota's increase in personal income, including the state map below showing where the largest increases have been by county.