State real GDP growth rates in 2025:2 ranged from -1.1% in Arkansas (Mississippi fell at a 0.9% rate) to 7.3% in North Dakota. States in the Plains benefited from a turnaround in farm output after declines in the first quarter, and there were also increases in mining output in some of those. Arkansas and Mississippi were dragged down by losses in farm output. Strong increases in finance and information helped boost growth in states such as California, New York, and Massachusetts.
Personal income growth rates ranged from 10.4% in Kansas to 0.9% in Arkansas. In the majority of states, perhaps most notably Massachusetts, increases in transfer payments significantly swelled the income gains related to state GDP growth. Much of the transfer growth reflected the recent retroactive payments to some Social Security beneficiaries.
This release also included estimates of consumer spending by state for 2024. Given the marked lag in the release of these numbers, and their annual frequency, they are likely not of much interest in assessing current and perspective conditions, either for the nation as a whole or for individual states, though they may be of help in modeling state revenues.