Real* Total Personal Income Growth by Decade, Regions and States of the U.S., 1959-2023 Real* Total Personal Income Growth by State Average Annual Percent Change, 1959-2023 U.S.: 1959-2023 = 3.22%
Real* Total Personal Income Growth by United States Average Annual Percent Change, 1959-2023 U.S.: 1959-2023 = 3.22%
A Note on Real* Total Personal Income The annual total personal incomes estimates compiled by the Bureau of Economic Analysis, (BEA) are among the most comprehensive, consistent, comparable and timely measures of economic activity available statewide and at the national levels. Personal income estimates are also the best available local level indicator of general purchasing power, and are therefore central to tracking and comparing state patterns of economic growth and change. The data used are those compiled by the Bureau of Economic Analysis, U.S. Department of Commerce. The 2017 constant dollar (real) estimates of total personal income reported are determined using the Implicit Price Deflator for Personal Consumption. Definition: Personal Income is the income that is received by all persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients. | Analysis Options Menu |