With the exit of St. Lucia, Russia, Grenada, and Mauritius from the elite $10000 per capita GDP club in 2020, there would be a total of 65 economies in this list. This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. 12,631,724. The country’s GDP is the third highest in the world, so business does seem to be booming there. Credit card debt works out to $4,290 per person, with auto loans averaging $3,920. Growth rates may differ from those provided by the Bureau of Economic Analysis as the BEA's growth rates are based on chained dollars in conjunction with the chain index or the quality index for real GDP. In 2018, the states with the least debt per capita were: Tennessee ($929 per capita) Nebraska ($1,068) Nevada ($1,135) Georgia ($1,266) Florida ($1,299). Total debt per capita is only part of the picture, though. California is the most indebted state with an outstanding debt of $152.80 billion during the 2019 fiscal year. The three states not included in this are Idaho, Arizona, and North Carolina, although these states did not score well either. Of the states with the lowest per capita income, the top seven states are also among the ten states considered to be the least educated. The unemployment rate is encouraging at just 2.2%. Delhi’s per capita income, which has been the second-highest in India after Goa’s for years now, dropped from ₹3,76,211 in 2019-20 to ₹3,54,004 in 2020-21. Per capita income (PCI), or average income, measures the amount of income earned per person in a nation or geographic region. Additionally, overall economic well-being significantly affects per capita income. The data is seasonally adjusted in current dollars. Washington had the largest per capita GDP last quarter while New York had the largest per capita GDP last year and Mississippi had the smallest per capita GDP last quarter and last year. Debt levels per person are also on the rise. Fifty states saw their per capita GDP contract in current dollars from last year. The average debt per capita ranges from $30,580 in West Virginia to $88,450 in Washington, D.C. Over a quarter of Americans hold more credit card debt than emergency savings. Additionally, several of these states are among the nation's ten most educated states: D.C., Connecticut, Massachusetts, New Jersey, Maryland, Washington, and New Hampshire. The state gross domestic product (SGDP) shrunk by around 5.68%, according to the economic survey tabled by the Delhi government in the assembly on Monday, which cited impact from the Covid-19 outbreak. The map below shows total debt per capita in each state, based on data from the New York Federal Reserve at the end of 2017. Arkansas had the best performance with a drop of $3,774.32. California and New York also have high median incomes and have the highest and third-highest GDPs of $3.120 billion and $1.705 billion. The number of states with a per capita GDP of over $80,000 was seven last year, seven the previous quarter, and three this past quarter. In absolute terms, Alaska had the worst performance over the previous quarter with a drop of $10,165.70. Accessed October 14, 2020.  https://www.bea.gov/data/gdp/gdp-state. The difference between the state with the largest per capita GDP, Washington, and the state with the smallest, Mississippi, is $50,590.64 (down from $53,497.83 last … PCI includes every adult and child, even newborn babies, as a member of the population. According to the data, by the end of the fourth quarter of 2019, the debt stood at $42,935, representing an all-time high figure. Nineteen states were above this per-capita average, with 31 states below. Accessed January 23, 2018.  https://www.census.gov/prod/cen2010/cph-2-1.pdf. Japan (Source: CIA Factbook) Japan has the dubious distinction of coming in first on our list. Additionally, overall economic well-being significantly affects per capita income. This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. In relative terms, Wyoming had the worst performance over the previous quarter with a 14.08% drop in per capita GDP while South Dakota had the best performance with a 6.13% drop in per capita GDP. National debt in the EU member states National or government debt is the debt owed by a … Year over year, Utah (18th to 10th) rose eight spots. New Mexico, Kentucky, and Arkansas are also among the five states with the highest poverty rates, with 18.2%, 16.3%, and 16.2%. ... © 2020 Cable News Network. The ratio of largest per capita GDP to smallest per capita GDP was up from 2.36 last quarter and up from 2.36 last year. So it acts as a rank column for whatever column is being sorted. Per Capita Income by State States with the Highest Per Capita Income. PROJECT . This differs from other economic measures, such as median household income, which counts every person living in one home as a household. A WarnerMedia Company. Year over year, Wyoming had the worst performance with a drop of $12,540.58 while Utah had the best performance with a drop of $2,608.80. The following ten states have the lowest PCI: Mississippi has the lowest PCI of $39,368. California ranked 43rd, with a taxpayer burden … Here are the 10 states with the highest average income: Per capita personal income in the United States in 2018, by state (in U.S. dollars). Arizona: $4,760 In the first quarter of 2020, Greece's national debt amounted to about 329.3 billion euros. The Telangana State public debt is set to touch ₹2.29-lakh crore in 2020-21, up from an estimated ₹1.99-lakh crore in 2019-20. The state of Mississippi is home to the worst primary care physician-to-resident ratio in the US. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year.All the data was taken from the Australian Bureau of Statistics website. The 46-55 age cohort had the greatest increase in delinquency at 13% year over year, reaching a rate of 1.08%. September 2012. Every single state's economy contracted over the past quarter and the past year. The following ten states have the highest PCI: Unsurprisingly, the four richest states in terms of median household income are also among the states with the highest PCI: District of Columbia, Maryland, Massachusetts, and New Jersey. The per capita figure is calculated with the country's national debt divided by the total population. Top 20 National Debt Per Capita per Country 1. Per capita income can be used to evaluate the standard of living and quality of life of a population. However, there is no clear correlation between state populations and debt-to-GDP ratios. As a whole, U.S. states have a combined state and local government debt of $3.1 trillion and gross output of $21 trillion. Per capita U.S. state and local government debt outstanding 2017, by state State and local debt in the U.S. as a percentage of GDP in 2017, by state Gross public debt of U.S. states 2000-2025 Public debt per capita. has been approved by … The delinquency level for debt excluding mortgages was 10.6% higher on an annual basis, although the per capita non-mortgage debt actually fell by 3% to $23,035. The median per capita GDP in the 50 US states is $57,227.97 (down from $63,336.46 last quarter and down from $62,664.88 last year) and the mean $58,540.03 (down from $64,860.75 the previous quarter and down from $64,333.38 last year). Our data comes from the Center for Microeconomic Data of the Federal Reserve Bank of New York and contains the total debt per capita for all 50 states. All figures are rounded to the nearest hundredth. US Per Capita Government Spending. While such spending is necessary, it is costly because of the City’s extensive and complex infrastructure. The City of New York’s (the “City”) debt finances the capital maintenance and upkeep of an infrastructure that must accommodate not only 8.4 million City residents but also about one million daily commuters and over 65 million tourists annually. Total US government estimated spending for 2021 is $8.16 trillion, including a budgeted $4.83 trillion federal, a “guesstimated” $2.03 trillion state… People in the Aloha State owe $56,160 on their homes and $3,780 on student loans. Every single state's economy contracted over the past quarter and the past year. 2020. State of Illinois Real Time Debt Clock. Start-up activity at the country level varies significantly in terms of density across Europe. Findings. The South Lags Behind In 2020. In 2019, the per capita income was $56,663. Nevada isn't far behind (one per 1,768 residents) and Utah (one per 1,727 residents) has the third-worst doctor per capita ratio, according to the Country Health Rankings and Roadmaps data. Washington has the 6th highest debt per capita in the country, according to Standard and Poor’s. Pennsylvania, New York and Michigan have among the highest student loan debt per capita in the nation. Higher educational attainment leads to higher-paying jobs and overall wealth. Several factors affect income levels in a population. Fifty states saw their per capita GDP contract in current dollars from the previous quarter. The chart above shows the per capita annualized nominal gross domestic product (GDP) in each US state as of the second quarter of 2020 in dollars, the change from the previous quarter, and the GDP one year prior. In 2019, the per capita income was $56,663. United States Census Bureau. The figures here are represented per capita. In 2000, average state debt per capita was $1,942. "GDP by State." US Loans, Debt and Credit Score Statistics – Full Report 2020 Data gathered by Learnbonds.com indicates the United States household debt per capita is set to exceed the $43,000 mark. The row number column is static. recreational capital expenditures of $500,000 per year, and is receiving a $200,000 allocation under the Per Capita program. New York comes second with an outstanding debt of $139.20 billion. It is calculated by dividing the region's income by its population. The tables below give the outstanding state debt for each of the 50 states as of 2015. Hawaii residents owe $74,230 in debt. US Bureau of Economic Analysis. On a population-adjusted basis, Estonia is the clear European capital of start-ups; adjusted for its population of just 1.3M, Estonia has 4.6x as many start-ups per capita as the European average. Utah (went from 15th highest per capita GDP to 10th highest) surpassed five states over the previous quarter. Conversely, Wyoming (14th to 23rd) was bested by nine states over the previous year. Out of 193 economies, gdp (nominal) per capita of the 29 economies would increase, and 164 economies would decrease in 2020 compared to 2019. "United States Summary: 2010: Population and Housing Unit Counts." On the flip side, Alaska (from 10th to 16th) was bested by six states over the quarter. Delhi’s per capita income, which has been the second-highest in India after Goa’s for years now, dropped from ₹ 3,76,211 in 2019-20 to ₹ 3,54,004 in 2020-21. Higher educational attainment leads to higher-paying jobs and overall wealth. The average per capita debt across all 50 states in 2018 was $3,600. GDP data is from the second quarter of 2019, the first quarter of 2020, and the second quarter of 2020. In the U.S., as of 2016, the average student loan debt per capita is $4,920. The difference between the state with the largest per capita GDP, Washington, and the state with the smallest, Mississippi, is $50,590.64 (down from $53,497.83 last quarter and down from $52,605.31 last year). The Philippine debt rose 16.9 percent in 2020 than the debt stock in the same month last year, according to the Bureau of Treasury. In fiscal year 2020, the state will pay more than $1.275 billion in debt service payments for its various purpose general obligation bonds, which is approximately 5% of total revenues. States with the highest amount of state and local debt per capita in the 2012 fiscal year (the most recent data available from the Census Bureau) were New York ($17,405 per person), Massachusetts ($14,517 per person), Alaska ($13,066 per person), Connecticut ($11, 928 per person), and New Jersey ($11,623 per … Idaho residents owe $50,470 in debt. Unfortunately, Mississippi also has the nation's highest poverty rate of 19.6%. In more than half of states, local government debt is greater than state government debt. Conversely, the number of states with a per capita GDP of less than $50,000 was five last year, five the previous quarter, and 15 this past quarter. Companies; ... States are taking on more debt. The credit card debt totals $2,930 per capita, auto loans average $4,760 and student loans top out at $5,020. 5 PER CAPITA DISCUSSION PAPER Myth: Australian public debt is very high FACT: By global standards, Australian public debt is very low At around 20%, Australia’s public debt as a percentage of Gross Domestic Product is among the lowest of Year over year, Wyoming had the worst performance with a 17.54% drop in per capita GDP while Utah had the best performance with a 3.79% drop in per capita GDP. The budget cannot be reduced to $300,000, with the Per Capita funds making up the difference. Heres your states burden per capita. Similarly, if a . $168,807,499,643 This is according to WalletHub's analysis. Washington, D.C. has the highest debt per capita at $84,380, followed by Hawaii with $71,170 and California with $70,100 in total debt per capita. Debt for the City has grown from $39.55 billion in FY 2000 to $91.56 billio… https://www.census.gov/prod/cen2010/cph-2-1.pdf. In a report released in September 2017 by the nonprofit Truth in Accounting (TIA), states were ranked by taxpayer burden, a term that reflects "the amount each taxpayer would have to send to their state's treasury in order for the state to be debt-free" as of 2016. Net debt per capita is a relatively simple calculation to perform. Generally, the richest states have the most educated populations. Washington has 2.42 times the per capita GDP that Mississippi does.