Hawaii's 'Lost Decade' Was Historic

State suffered the fourth worst economic drop from 1992-2001 going back to the Great Depression

Adapted from Michigan Capitol Confidential 

 The greatest per-capita personal income drop by state, 1929-2013. (Click to enlarge)

From 1992 and 2001, the income of Hawaii residents plummeted to a degree experienced in only a handful of states since the Great Depression of the 1930s.

Per-capita personal income in the state fell from 5th highest in the U.S. in 1992 to 26th place in 2001; this relative decline was the fourth largest for any state during a nine-year period going back to 1929.

Hawaii’s relative decline in personal income during the 1990s was not the worst experienced by any state ever, however. From 1979 to 1988, the state of Wyoming dropped from 7th highest income to 36th. North Dakota fell 26 spots from 1973 to 1982 and Nevada dropped 22 spots from 2004 to 2013.

Hawaii’s decline is tied with that experienced by Michigan between 2000 and 2009, which fell from 18th to 38th place.

read ... Michigan's 'Lost Decade' Was Historic