NC
Strategic Scorecard |
6.1.4 Personal
Income |
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Target: At
least 100% of US average per capita personal income
Actual: 89%
of US average
US
Rank 2004: 36th (down
from 29th in 1995)
SE
Rank 2004: 5th (down
from 4th in 1995)
SE
Region: AL
FL GA KY MS NC SC TN VA WV Updated
4/11/06
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| Primary
Performance Indicator |
Per Capita Personal Income
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Performance
Trend:
The
trend depicts the degree to which actual
performance has approached the target in
recent years. |
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Comments
• |
After
impressive per capita personal income increases during
the 1990s, NC’s national ranking for this indicator
began to fall.
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Since
2000, NC’s per capita personal income has continued
to rise in actual dollars, but its competitive position
has fallen from 31st to 36th nationally and from
4th to 5th regionally. |
• |
NC’s
per capita personal income also fell slightly as a
percent of the US average. |
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Definition
(What Is Being Measured)
Total
income (i.e., wages, proprietor income, dividends,
interest, rent and government payments) divided
by total population.
Source: US
Bureau of Economic Analysis, Annual State Personal Income;
rankings from Morgan Quitno. |
Relevance
(Why This Is Important)
High
per capita income is an indicator of relative economic prosperity,
business growth and high-wage jobs and ultimately quality of life,
but must be viewed in the context of cost of living differences.
Aggregate per capita income obscures disparities among demographic,
economic and geographic lines. |
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| Other
Highlights |
| North
Carolina |
• |
In
2004, NC was ranked 37th in the US and 5th in the region
in per capita disposable personal income (Source: BEA). |
• |
In
2005, NC had the 16th lowest personal bankruptcy rate in
the nation and the 2nd lowest in the region (Source: Administrative
Office of the US Courts and Morgan Quitno). |
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| Other |
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In 2000,
the ratio of per capita personal income in NC's non-metropolitan
areas to that in metropolitan areas was 75.9%. |
| Southeast
Region |
| National |
| Global |
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Goal
6.1: Promote
Dynamic and Sustainable Economic Growth |
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