economic indicators

Survey: R.I. personal income, GDP up in 2010

BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS
IN Rhode Island, annual personal income, disposable personal income, and gross domestic product increased in 2010 from a year earlier.
Posted 2/20/12

WASHINGTON – In Rhode Island, annual personal income, disposable personal income and gross domestic product increased in 2010 from a year earlier.

The figures – the latest available – were compiled by the U.S. Bureau of Economic Analysis in its Survey of Current Business released last week.

Rhode Island gross domestic product ranked 44th with $49.234 billion. Its three biggest contributors by sector were: financial activities, $13.458 billion; government, $6.468 billion; education and health services, $6.437 billion.

Rhode Island’s per capita disposable income in 2010 was $38,216, ranking 13th nationally. Regional counterpart Connecticut took the No. 1 spot – its residents had a disposable income of $47,454 per person. On the other end of the spectrum, Mississippi ranked last, with $29,009.

The Ocean State’s annual personal income in 2010 increased 3.3 percent from a year earlier to $44.321 billion, as per capita persona income ranked 15th at $42,095.

In the third quarter of 2011, personal income declined 0.2 percent to $46.294 billion, down from $46.380 billion in the second quarter of 2011.

The bureau defines personal income as the sum of net earnings by place of residence, property income and personal current transfer receipts.

New England personal income increased 0.1 percent. Massachusetts and New Hampshire both increased 0.2 percent in the third quarter.

In a separate report, the bureau said that U.S. GDP grew at an annual rate of 2.8 percent in the fourth quarter of 2011, bringing the full-year growth in GDP to 1.7 percent, which follows 3 percent growth across the country for 2010.

In addition, the report stated that real disposable personal income increased 0.8 percent in the fourth quarter after falling 1.9 percent in the third quarter.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement