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The Index of State Economic Momentum by Federal Funds Information for States (FFIS) ranks states based on their most recent performance in three key measures of economic vitality: personal income growth, employment growth, and population growth. Reports updates the index each quarter. In the final update of 2021, Nevada claimed the top spot, while Illinois most closely approximated the national average economic performance.
Following the devastating impact of COVID-19, Nevada is recovering at one of the fastest rates in the country when it comes to those key factors.
In terms of overall economic momentum, Nevada outperforms the national average by more than two points. Personal income growth in our state outpaced the national average by nearly seven points, employment by more than seven points, and population by one point.
This top ranking comes following reports showing the Silver State led the nation in Gross Domestic Product (GDP) growth in both the first and second quarters of 2021.
“Nevada has made tremendous progress in our recovery efforts over the past two years and I know we’ll accomplish even more in the new year,” Governor Sisolak said.
Read full report here.
Source: Nevada Governor's Office
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