Delaware vs. United States
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1958-2017
Introduction
Delaware:
2017 PCI = $49,125
U.S.:
2017 PCI = $50,392
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, 1958-2017
Current vs. Constant Dollars
Delaware Per Capita Personal Income, 1958-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Delaware's annual per capita personal income over 1958-2017 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 1,691.4%, from $2,742 in 1958 to $49,125 in 2017. When measured in constant 2009 dollars to adjust for inflation, it advanced 170.3%, from $16,135 in 1958 to $43,606 in 2017.
Real Per Capita Personal Income Indices (1958=100): 1958-2017
Real Per Capita Personal Income Indices (1958=100): 1958-2017
Figure 2.
Figure 2 shows 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 170.3% over 1958-2017 trailed the United States' increase of 251.5%.
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2017
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2017
Figure 3.
Figure 3 displays 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 1958-2017.
In 1958, Delaware's per capita personal income amounted to 126.8% of the national average; in 2017, it approximated 97.5%.
Delaware Real Per Capita Personal Income:
Annual Percent Change, 1959-2017
Delaware Real Per Capita Personal Income:
Annual Percent Change, 1959-2017
Figure 4.
Figure 4 highlights the short-run pattern of Delaware's real per capita personal income growth by tracking the year-to-year percent change over 1959-2017. The average annual percent change for the entire 59-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 1.73% over 1959-2017. The state posted its highest growth in 1998 (8.56%) and recorded its lowest growth in 2008 (-2.97%). In 2017, Delaware's real per capita personal income grew by 0.99%
Delaware Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
Delaware Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
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 shows the annual percent change in Delaware's real per capita personal income since 1959, but this time they are displayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1960s, Delaware's annual real per capita personal income growth rate averaged 2.70%. It averaged 1.28% during the 1970s, 2.97% in the 1980s, 1.92% during the 1990s, 0.67% in the 2000s, and 0.70% thus far this decade (2010 to 2017).
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 posted below the nation during the 1960s (2.70% vs. 3.48%), fell under the nation in the 1970s (1.28% vs. 2.34%), surpassed the nation throughout the 1980s (2.97% vs. 2.21%), fell below the nation over the 1990s (1.92% vs. 2.05%), fell below the nation in the 2000s (0.67% vs. 1.12%), and lagged the nation over 2010-2017 (0.70% vs. 1.62%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.73
2.70
1.28
2.97
1.92
0.67
0.70
0.99
 
2.17
3.48
2.34
2.21
2.05
1.12
1.62
0.72
 
   

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, 1958-2017
 
1958
 
2,742
0.170
16,135
100.0
N
126.79
1959
 
2,813
0.173
16,307
101.1
1.06
124.37
1960
 
2,901
0.175
16,542
102.5
1.44
124.86
1961
 
2,917
0.177
16,461
102.0
-0.49
122.25
1962
 
3,043
0.179
16,973
105.2
3.11
121.74
1963
 
3,164
0.181
17,444
108.1
2.78
122.21
1964
 
3,326
0.184
18,071
112.0
3.59
121.55
1965
 
3,581
0.187
19,182
118.9
6.15
122.70
1966
 
3,703
0.191
19,346
119.9
0.86
118.12
1967
 
3,878
0.196
19,759
122.5
2.13
116.52
1968
 
4,158
0.204
20,393
126.4
3.21
114.99
1969
 
4,529
0.213
21,250
131.7
4.20
115.23
1970
 
4,736
0.223
21,226
131.5
-0.11
112.87
1971
 
5,047
0.233
21,698
134.5
2.22
112.96
1972
 
5,460
0.241
22,700
140.7
4.62
112.53
1973
 
5,988
0.254
23,618
146.4
4.05
111.87
1974
 
6,441
0.280
23,008
142.6
-2.58
110.59
1975
 
6,878
0.303
22,677
140.5
-1.44
108.96
1976
 
7,445
0.320
23,271
144.2
2.62
108.60
1977
 
7,984
0.341
23,431
145.2
0.69
106.54
1978
 
8,713
0.365
23,895
148.1
1.98
104.49
1979
 
9,555
0.397
24,072
149.2
0.74
103.72
1980
 
10,806
0.440
24,583
152.4
2.13
106.44
1981
 
11,874
0.478
24,824
153.9
0.98
105.43
1982
 
12,727
0.505
25,213
156.3
1.56
106.53
1983
 
13,483
0.527
25,608
158.7
1.57
106.57
1984
 
14,709
0.546
26,918
166.8
5.12
106.13
1985
 
15,860
0.566
28,031
173.7
4.13
107.76
1986
 
16,622
0.578
28,754
178.2
2.58
107.52
1987
 
17,693
0.597
29,662
183.8
3.16
108.78
1988
 
19,021
0.620
30,693
190.2
3.47
109.15
1989
 
20,838
0.646
32,236
199.8
5.03
111.71
1990
 
21,511
0.674
31,897
197.7
-1.05
109.80
1991
 
22,308
0.697
32,028
198.5
0.41
111.62
1992
 
22,920
0.715
32,059
198.7
0.10
108.83
1993
 
23,426
0.733
31,968
198.1
-0.28
107.96
1994
 
23,973
0.748
32,049
198.6
0.25
106.37
1995
 
24,972
0.764
32,704
202.7
2.05
105.95
1996
 
26,310
0.780
33,739
209.1
3.17
106.40
1997
 
27,097
0.793
34,158
211.7
1.24
104.42
1998
 
29,643
0.799
37,084
229.8
8.56
107.76
1999
 
31,496
0.811
38,832
240.7
4.71
110.02
2000
 
34,430
0.831
41,416
256.7
6.66
112.51
2001
 
37,417
0.847
44,158
273.7
6.62
118.64
2002
 
37,850
0.859
44,076
273.2
-0.18
118.97
2003
 
38,187
0.876
43,606
270.3
-1.07
116.81
2004
 
39,000
0.897
43,476
269.4
-0.30
113.65
2005
 
39,469
0.923
42,780
265.1
-1.60
109.93
2006
 
41,343
0.947
43,644
270.5
2.02
108.39
2007
 
41,834
0.971
43,082
267.0
-1.29
105.05
2008
 
41,832
1.001
41,805
259.1
-2.97
101.83
2009
 
41,317
1.000
41,317
256.1
-1.17
104.93
2010
 
41,093
1.017
40,425
250.5
-2.16
102.02
2011
 
43,714
1.041
41,973
260.1
3.83
102.95
2012
 
43,577
1.061
41,063
254.5
-2.17
98.41
2013
 
43,850
1.075
40,778
252.7
-0.69
98.56
2014
 
45,116
1.092
41,332
256.2
1.36
97.05
2015
 
47,069
1.095
42,993
266.5
4.02
97.19
2016
 
47,837
1.108
43,179
267.6
0.43
97.22
2017
 
49,125
1.127
43,606
270.3
0.99
97.49
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
May 2018
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, 1958-2017
 
1958
 
2,163
0.170
12,726
100.0
N
1959
 
2,262
0.173
13,112
103.0
3.03
1960
 
2,323
0.175
13,248
104.1
1.04
1961
 
2,386
0.177
13,465
105.8
1.63
1962
 
2,499
0.179
13,942
109.5
3.54
1963
 
2,589
0.181
14,274
112.2
2.39
1964
 
2,736
0.184
14,867
116.8
4.15
1965
 
2,919
0.187
15,633
122.8
5.16
1966
 
3,135
0.191
16,378
128.7
4.76
1967
 
3,328
0.196
16,958
133.2
3.54
1968
 
3,616
0.204
17,735
139.4
4.58
1969
 
3,930
0.213
18,441
144.9
3.98
1970
 
4,196
0.223
18,806
147.8
1.98
1971
 
4,468
0.233
19,208
150.9
2.14
1972
 
4,853
0.241
20,173
158.5
5.02
1973
 
5,352
0.254
21,112
165.9
4.66
1974
 
5,824
0.280
20,806
163.5
-1.45
1975
 
6,312
0.303
20,812
163.5
0.03
1976
 
6,856
0.320
21,429
168.4
2.97
1977
 
7,494
0.341
21,993
172.8
2.63
1978
 
8,338
0.365
22,867
179.7
3.97
1979
 
9,212
0.397
23,207
182.4
1.49
1980
 
10,153
0.440
23,096
181.5
-0.48
1981
 
11,262
0.478
23,546
185.0
1.95
1982
 
11,947
0.505
23,666
186.0
0.51
1983
 
12,652
0.527
24,029
188.8
1.53
1984
 
13,860
0.546
25,364
199.3
5.56
1985
 
14,719
0.566
26,013
204.4
2.56
1986
 
15,459
0.578
26,743
210.1
2.81
1987
 
16,265
0.597
27,268
214.3
1.96
1988
 
17,426
0.620
28,119
220.9
3.12
1989
 
18,653
0.646
28,857
226.7
2.62
1990
 
19,591
0.674
29,050
228.3
0.67
1991
 
19,985
0.697
28,692
225.5
-1.23
1992
 
21,060
0.715
29,457
231.5
2.66
1993
 
21,698
0.733
29,610
232.7
0.52
1994
 
22,538
0.748
30,130
236.7
1.75
1995
 
23,568
0.764
30,866
242.5
2.45
1996
 
24,728
0.780
31,711
249.2
2.74
1997
 
25,950
0.793
32,712
257.0
3.16
1998
 
27,510
0.799
34,415
270.4
5.20
1999
 
28,627
0.811
35,294
277.3
2.56
2000
 
30,602
0.831
36,812
289.3
4.30
2001
 
31,540
0.847
37,221
292.5
1.11
2002
 
31,815
0.859
37,049
291.1
-0.46
2003
 
32,692
0.876
37,332
293.3
0.76
2004
 
34,316
0.897
38,255
300.6
2.47
2005
 
35,904
0.923
38,916
305.8
1.73
2006
 
38,144
0.947
40,266
316.4
3.47
2007
 
39,821
0.971
41,010
322.2
1.85
2008
 
41,082
1.001
41,055
322.6
0.11
2009
 
39,376
1.000
39,376
309.4
-4.09
2010
 
40,278
1.017
39,623
311.3
0.63
2011
 
42,463
1.041
40,772
320.4
2.90
2012
 
44,283
1.061
41,729
327.9
2.35
2013
 
44,489
1.075
41,373
325.1
-0.85
2014
 
46,486
1.092
42,586
334.6
2.93
2015
 
48,429
1.095
44,235
347.6
3.87
2016
 
49,204
1.108
44,412
349.0
0.40
2017
 
50,392
1.127
44,730
351.5
0.72
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
May 2018
REAP_PI_SA1400_700_PN
 
   
Copyright © 2018. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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