Delaware vs. United States
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1958-2018
Introduction
Delaware:
2018 PCI = $51,449
U.S.:
2018 PCI = $53,712
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
Personal income is the income that is received by 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 tranfer receipts, less contributions for government social insurance. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. In computing per capita personal income, BEA uses the Census Bureau's annual midyear population estimates.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller states in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent states may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Delaware Per Capita Personal Income, 1958-2018
Current vs. Constant Dollars
Delaware Per Capita Personal Income, 1958-2018
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Delaware's annual per capita personal income over 1958-2018 in current and constant (2009) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Delaware over time.
When measured in current dollars, Delaware's per capita personal income increased 1,786.2%, from $2,728 in 1958 to $51,449 in 2018. When measured in constant 2009 dollars to adjust for inflation, it advanced 178.3%, from $17,080 in 1958 to $47,537 in 2018.
Real Per Capita Personal Income Indices (1958=100): 1958-2018
Real Per Capita Personal Income Indices (1958=100): 1958-2018
Figure 2.
Figure 2 portrays Delaware's real per capita personal income growth in a broader context by offering direct comparisons across time with the United States. The growth indices shown here express each region's real per capita personal income in 1958 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1958 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Delaware's overall real per capita personal income growth was 178.3% over 1958-2018 trailed the United States' increase of 266.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2018
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2018
Figure 3.
Figure 3 depicts the trends for per capita personal income relative to the national average by tracing Delaware per capita personal income as a percent of the national average over 1958-2018.
In 1958, Delaware's per capita personal income amounted to 126.3% of the national average; in 2018, it approximated 95.8%.
Delaware Real Per Capita Personal Income:
Annual Percent Change, 1959-2018
Delaware Real Per Capita Personal Income:
Annual Percent Change, 1959-2018
Figure 4.
Figure 4 displays the short-run pattern of Delaware's real per capita personal income growth by tracking the year-to-year percent change over 1959-2018. The average annual percent change for the entire 60-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Delaware's real per capita personal income grew at an annual rate of 1.75% over 1959-2018. The state posted its highest growth in 1998 (8.01%) and posted its lowest growth in 2008 (-5.04%). In 2018, Delaware's real per capita personal income grew by 1.00%
Delaware Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2018
Delaware Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2018
Figure 5.
Over the past six decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 5 again illustrates the annual percent change in Delaware's real per capita personal income since 1959, but this time they are overlayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010-2018.
During the 1960s, Delaware's annual real per capita personal income growth rate averaged 2.76%. It averaged 1.30% throughout the 1970s, 2.91% throughout the 1980s, 1.84% throughout the 1990s, 0.64% in the 2000s, and 1.08% thus far this decade (2010 to 2018).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 6.
Figure 6 compares the decade average growth rates for Delaware noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real per capita personal income growth trends, Delaware trailed the nation in the 1960s (2.76% vs. 3.49%), fell under the nation throughout the 1970s (1.30% vs. 2.37%), exceeded the nation throughout the 1980s (2.91% vs. 2.20%), lagged the nation in the 1990s (1.84% vs. 2.03%), fell below the nation in the 2000s (0.64% vs. 1.09%), and posted below the nation over 2010-2018 (1.08% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.75
2.76
1.30
2.91
1.84
0.64
1.08
1.00
 
2.21
3.49
2.37
2.20
2.03
1.09
1.95
1.76
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Delaware:
Per Capita Personal Income, 1958-2018
 
1958
 
2,728
0.160
17,080
100.0
N
126.28
1959
 
2,793
0.162
17,231
100.9
0.88
123.57
1960
 
2,873
0.165
17,442
102.1
1.22
123.80
1961
 
2,888
0.166
17,349
101.6
-0.53
121.17
1962
 
3,014
0.168
17,898
104.8
3.16
120.64
1963
 
3,140
0.170
18,429
107.9
2.96
121.31
1964
 
3,302
0.173
19,102
111.8
3.66
120.74
1965
 
3,561
0.175
20,309
118.9
6.32
122.07
1966
 
3,687
0.180
20,508
120.1
0.98
117.65
1967
 
3,868
0.184
20,985
122.9
2.33
116.23
1968
 
4,148
0.192
21,660
126.8
3.22
114.69
1969
 
4,521
0.200
22,587
132.2
4.28
115.01
1970
 
4,724
0.210
22,549
132.0
-0.17
112.54
1971
 
5,032
0.218
23,039
134.9
2.17
112.55
1972
 
5,446
0.226
24,112
141.2
4.66
112.13
1973
 
5,979
0.238
25,120
147.1
4.18
111.49
1974
 
6,426
0.263
24,450
143.1
-2.66
110.11
1975
 
6,844
0.285
24,038
140.7
-1.69
108.22
1976
 
7,430
0.300
24,739
144.8
2.92
108.07
1977
 
7,971
0.320
24,919
145.9
0.73
106.06
1978
 
8,696
0.342
25,417
148.8
2.00
104.06
1979
 
9,547
0.373
25,628
150.0
0.83
103.41
1980
 
10,809
0.413
26,196
153.4
2.22
106.18
1981
 
11,903
0.450
26,477
155.0
1.07
105.34
1982
 
12,742
0.475
26,849
157.2
1.41
106.19
1983
 
13,431
0.495
27,147
158.9
1.11
105.77
1984
 
14,671
0.513
28,575
167.3
5.26
105.50
1985
 
15,743
0.531
29,630
173.5
3.69
106.70
1986
 
16,503
0.543
30,399
178.0
2.59
106.54
1987
 
17,575
0.560
31,404
183.9
3.31
107.89
1988
 
18,925
0.582
32,545
190.5
3.63
108.42
1989
 
20,707
0.607
34,119
199.8
4.84
110.87
1990
 
21,457
0.634
33,868
198.3
-0.73
109.36
1991
 
22,247
0.655
33,978
198.9
0.32
111.07
1992
 
22,814
0.672
33,941
198.7
-0.11
108.18
1993
 
23,312
0.689
33,838
198.1
-0.30
107.26
1994
 
23,922
0.703
34,014
199.1
0.52
105.97
1995
 
24,902
0.718
34,677
203.0
1.95
105.48
1996
 
26,227
0.733
35,758
209.4
3.12
105.88
1997
 
27,069
0.746
36,275
212.4
1.44
104.14
1998
 
29,470
0.752
39,180
229.4
8.01
106.94
1999
 
31,149
0.763
40,804
238.9
4.14
108.63
2000
 
33,862
0.782
43,283
253.4
6.08
110.45
2001
 
36,874
0.797
46,244
270.7
6.84
116.73
2002
 
37,621
0.808
46,567
272.6
0.70
118.19
2003
 
37,935
0.824
46,061
269.7
-1.09
116.08
2004
 
38,873
0.844
46,052
269.6
-0.02
113.49
2005
 
39,243
0.868
45,204
264.7
-1.84
109.47
2006
 
40,995
0.892
45,972
269.1
1.70
107.56
2007
 
41,681
0.914
45,584
266.9
-0.84
104.61
2008
 
40,768
0.942
43,287
253.4
-5.04
99.67
2009
 
40,697
0.941
43,252
253.2
-0.08
103.60
2010
 
40,804
0.957
42,635
249.6
-1.43
100.64
2011
 
43,862
0.981
44,697
261.7
4.84
102.64
2012
 
44,045
1.000
44,045
257.9
-1.46
98.76
2013
 
44,279
1.013
43,691
255.8
-0.80
98.73
2014
 
45,841
1.029
44,563
260.9
2.00
97.41
2015
 
47,813
1.031
46,367
271.5
4.05
97.61
2016
 
48,374
1.042
46,408
271.7
0.09
96.97
2017
 
49,925
1.061
47,067
275.6
1.42
96.51
2018
 
51,449
1.082
47,537
278.3
1.00
95.79
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
March 2019
REAP_PI_SA1400_700_PN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Per Capita Personal Income, 1958-2018
 
1958
 
2,160
0.160
13,526
100.0
N
1959
 
2,260
0.162
13,945
103.1
3.10
1960
 
2,321
0.165
14,089
104.2
1.04
1961
 
2,383
0.166
14,318
105.9
1.62
1962
 
2,498
0.168
14,835
109.7
3.61
1963
 
2,589
0.170
15,191
112.3
2.40
1964
 
2,735
0.173
15,822
117.0
4.15
1965
 
2,918
0.175
16,638
123.0
5.16
1966
 
3,134
0.180
17,432
128.9
4.77
1967
 
3,328
0.184
18,056
133.5
3.58
1968
 
3,617
0.192
18,885
139.6
4.59
1969
 
3,931
0.200
19,638
145.2
3.99
1970
 
4,198
0.210
20,037
148.1
2.03
1971
 
4,471
0.218
20,469
151.3
2.16
1972
 
4,857
0.226
21,504
159.0
5.05
1973
 
5,363
0.238
22,532
166.6
4.78
1974
 
5,836
0.263
22,205
164.2
-1.45
1975
 
6,324
0.285
22,212
164.2
0.03
1976
 
6,875
0.300
22,893
169.3
3.06
1977
 
7,516
0.320
23,496
173.7
2.64
1978
 
8,356
0.342
24,425
180.6
3.95
1979
 
9,232
0.373
24,784
183.2
1.47
1980
 
10,180
0.413
24,672
182.4
-0.45
1981
 
11,300
0.450
25,134
185.8
1.87
1982
 
11,999
0.475
25,285
186.9
0.60
1983
 
12,698
0.495
25,666
189.8
1.51
1984
 
13,906
0.513
27,085
200.3
5.53
1985
 
14,755
0.531
27,769
205.3
2.52
1986
 
15,490
0.543
28,532
210.9
2.75
1987
 
16,289
0.560
29,106
215.2
2.01
1988
 
17,455
0.582
30,017
221.9
3.13
1989
 
18,676
0.607
30,773
227.5
2.52
1990
 
19,621
0.634
30,970
229.0
0.64
1991
 
20,030
0.655
30,593
226.2
-1.22
1992
 
21,090
0.672
31,376
232.0
2.56
1993
 
21,733
0.689
31,546
233.2
0.54
1994
 
22,575
0.703
32,099
237.3
1.75
1995
 
23,607
0.718
32,874
243.1
2.42
1996
 
24,771
0.733
33,773
249.7
2.73
1997
 
25,993
0.746
34,833
257.5
3.14
1998
 
27,557
0.752
36,637
270.9
5.18
1999
 
28,675
0.763
37,564
277.7
2.53
2000
 
30,657
0.782
39,186
289.7
4.32
2001
 
31,589
0.797
39,616
292.9
1.10
2002
 
31,832
0.808
39,401
291.3
-0.54
2003
 
32,681
0.824
39,681
293.4
0.71
2004
 
34,251
0.844
40,576
300.0
2.26
2005
 
35,849
0.868
41,295
305.3
1.77
2006
 
38,114
0.892
42,742
316.0
3.50
2007
 
39,844
0.914
43,575
322.2
1.95
2008
 
40,904
0.942
43,431
321.1
-0.33
2009
 
39,284
0.941
41,750
308.7
-3.87
2010
 
40,546
0.957
42,366
313.2
1.47
2011
 
42,735
0.981
43,549
322.0
2.79
2012
 
44,599
1.000
44,599
329.7
2.41
2013
 
44,851
1.013
44,255
327.2
-0.77
2014
 
47,060
1.029
45,748
338.2
3.37
2015
 
48,985
1.031
47,503
351.2
3.84
2016
 
49,883
1.042
47,856
353.8
0.74
2017
 
51,731
1.061
48,769
360.6
1.91
2018
 
53,712
1.082
49,628
366.9
1.76
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
March 2019
REAP_PI_SA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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