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Report: CT Income Growth in 2017 Was Last on the East Coast and in New England

March 23, 2018 By Staff
Report: CT Income Growth in 2017 Was Last on the East Coast and in New England

The Connecticut economy continues to stagnate.

Connecticut’s personal income growth continued to stagnate in 2017, according to a new report released by the Bureau of Economic Analysis (BEA).

Connecticut’s percent-change in 2017 (from 2016) was a paltry 1.5-percent, less than half the national average of 3.1 percent.

Here’s how Connecticut stacked up to its neighbors:

  • Connecticut: 1.5 percent personal income growth
  • Massachusetts: 3.3 percent
  • Rhode Island: 2.4 percent
  • New York: 2.9 percent
  • New Hampshire: 3.5 percent
  • Vermont: 2.1 percent
  • Maine: 2.7 percent
  • New Jersey: 2.5 percent
  • Pennsylvania: 2.8 percent

In fact, only six states in the nation were worse than Connecticut: North Dakota (-0.3 percent), Iowa (0.3 percent), Alaska (0.4 percent), Kansas (1.0 percent), Nebraska (1.4 percent), and South Dakota (1.4 percent).

States in the western U.S. saw four-percent growth rates, and states in the southern U.S. saw three-percent growth rates. Connecticut, it appears, continues to lag behind.