Oklahoma vs. United States
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1958-2022
Introduction
Oklahoma vs. United States
Oklahoma:
2022 PCI = $56,298
U.S.:
2022 PCI = $65,470
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.
Oklahoma Per Capita Personal Income, 1959-2022
Current vs. Constant Dollars
Oklahoma Per Capita Personal Income, 1959-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Oklahoma's annual per capita personal income over 1959-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Oklahoma over time.
When measured in current dollars, Oklahoma's per capita personal income increased 2,833.91%, from $1,919 in 1959 to $56,298 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 286.58%, from $12,550 in 1959 to $48,515 in 2022.
Real Per Capita Personal Income Indices (1958=100): 1958-2022
Real Per Capita Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 portrays Oklahoma'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.
Oklahoma's overall real per capita personal income growth was 293.75% over 1958-2022 outpaced the United States' increase of 293.54%.
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1958-2022
Figure 3.
Figure 3 depicts the trends for per capita personal income relative to the national average by tracing Oklahoma per capita personal income as a percent of the national average over 1958-2022.
In 1958, Oklahoma's per capita personal income amounted to 85.94% of the national average; in 2022, it approximated 85.99%.
Oklahoma Real Per Capita Personal Income:
Annual Percent Change, 1959-2022
Oklahoma Real Per Capita Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 shows the short-run pattern of Oklahoma's real per capita personal income growth by tracking the year-to-year percent change over 1959-2022. The average annual percent change for the entire 64-year period is also traced 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, Oklahoma's real per capita personal income grew at an annual rate of 2.21% over 1959-2022. The state recorded its highest growth in 2008 (7.14%) and recorded its lowest growth in 2009 (-8.22%). In 2022, Oklahoma's real per capita personal income declined by -4.14%
Oklahoma Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Oklahoma Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
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 Oklahoma'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, 2010s, and 2020-2022.
During the 1960s, Oklahoma's annual real per capita personal income growth rate averaged 3.50%. It averaged 3.28% throughout the 1970s, 1.03% throughout the 1980s, 1.48% throughout the 1990s, 2.72% during the 2000s, 1.50% in the 2010s, 1.48% thus far this decade (2020-2022).
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 Oklahoma noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real per capita personal income growth trends, Oklahoma led the nation throughout the 1960s (3.50% vs. 3.49%), recorded above the nation over the 1970s (3.28% vs. 2.37%), lagged the nation in the 1980s (1.03% vs. 2.19%), lagged the nation in the 1990s (1.48% vs. 2.01%), recorded above the nation during the 2000s (2.72% vs. 1.10%), lagged the nation over the 2010s (1.50% vs. 1.97%), and lagged the nation over 2020-2022 (1.48% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.21
3.50
3.28
1.03
1.48
2.72
1.50
1.48
-4.14
 
2.18
3.49
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

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

   
 
Oklahoma:
Per Capita Personal Income, 1958-2022
 
1958
 
1,856
0.151
12,321
100.0
N
85.94
1959
 
1,919
0.153
12,550
101.9
1.86
84.91
1960
 
1,974
0.155
12,703
103.1
1.22
85.06
1961
 
2,006
0.157
12,775
103.7
0.57
84.18
1962
 
2,054
0.159
12,930
104.9
1.21
82.22
1963
 
2,112
0.161
13,137
106.6
1.60
81.59
1964
 
2,256
0.163
13,835
112.3
5.31
82.50
1965
 
2,424
0.165
14,649
118.9
5.88
83.06
1966
 
2,585
0.170
15,239
123.7
4.03
82.47
1967
 
2,784
0.174
16,010
129.9
5.06
83.66
1968
 
3,032
0.181
16,781
136.2
4.81
83.83
1969
 
3,335
0.189
17,663
143.4
5.25
84.85
1970
 
3,634
0.198
18,383
149.2
4.08
86.56
1971
 
3,882
0.206
18,841
152.9
2.49
86.84
1972
 
4,197
0.213
19,697
159.9
4.54
86.42
1973
 
4,696
0.225
20,915
169.7
6.18
87.57
1974
 
5,153
0.248
20,783
168.7
-0.63
88.30
1975
 
5,677
0.269
21,135
171.5
1.70
89.77
1976
 
6,145
0.283
21,687
176.0
2.61
89.37
1977
 
6,733
0.302
22,312
181.1
2.88
89.59
1978
 
7,517
0.323
23,288
189.0
4.38
89.95
1979
 
8,557
0.351
24,348
197.6
4.55
92.68
1980
 
9,631
0.389
24,742
200.8
1.62
94.58
1981
 
11,044
0.424
26,037
211.3
5.23
97.80
1982
 
11,902
0.448
26,584
215.8
2.10
99.27
1983
 
11,880
0.467
25,451
206.6
-4.26
93.54
1984
 
12,752
0.484
26,326
213.7
3.44
91.81
1985
 
13,326
0.501
26,585
215.8
0.98
90.37
1986
 
13,486
0.512
26,331
213.7
-0.96
87.11
1987
 
13,588
0.528
25,734
208.9
-2.27
83.74
1988
 
14,393
0.549
26,234
212.9
1.94
82.52
1989
 
15,387
0.573
26,871
218.1
2.43
82.47
1990
 
16,232
0.598
27,155
220.4
1.06
82.74
1991
 
16,604
0.618
26,878
218.1
-1.02
82.81
1992
 
17,389
0.634
27,419
222.5
2.01
82.50
1993
 
17,895
0.650
27,531
223.4
0.41
82.42
1994
 
18,520
0.664
27,910
226.5
1.38
82.12
1995
 
19,152
0.678
28,266
229.4
1.28
81.23
1996
 
20,092
0.692
29,034
235.6
2.72
81.26
1997
 
21,071
0.704
29,928
242.9
3.08
81.28
1998
 
22,009
0.710
31,012
251.7
3.62
80.05
1999
 
22,390
0.720
31,096
252.4
0.27
78.31
2000
 
24,124
0.738
32,678
265.2
5.09
78.96
2001
 
25,557
0.753
33,940
275.5
3.86
81.01
2002
 
25,999
0.763
34,078
276.6
0.41
81.76
2003
 
27,184
0.779
34,898
283.2
2.41
83.23
2004
 
29,194
0.798
36,572
296.8
4.80
85.41
2005
 
31,699
0.821
38,598
313.3
5.54
88.87
2006
 
34,650
0.844
41,035
333.0
6.32
91.56
2007
 
35,493
0.866
40,982
332.6
-0.13
89.66
2008
 
39,154
0.892
43,909
356.4
7.14
95.84
2009
 
35,835
0.889
40,300
327.1
-8.22
91.17
2010
 
37,157
0.905
41,051
333.2
1.87
91.62
2011
 
39,693
0.928
42,770
347.1
4.19
93.07
2012
 
41,903
0.945
44,326
359.8
3.64
94.72
2013
 
43,605
0.958
45,526
369.5
2.71
98.21
2014
 
45,882
0.971
47,242
383.4
3.77
99.12
2015
 
44,277
0.973
45,506
369.3
-3.67
92.13
2016
 
42,052
0.983
42,786
347.3
-5.98
85.87
2017
 
43,871
1.000
43,871
356.1
2.54
86.02
2018
 
46,029
1.020
45,106
366.1
2.81
86.34
2019
 
48,172
1.035
46,537
377.7
3.17
86.72
2020
 
50,249
1.046
48,023
389.8
3.19
84.95
2021
 
55,165
1.090
50,610
410.8
5.39
85.62
2022
 
56,298
1.160
48,515
393.8
-4.14
85.99
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
November 2023
REAP_PI_SA1400_700_PN
 
   

Interactive TableTip: 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, 1958-2022
 
1958
 
2,160
0.151
14,336
100.0
N
1959
 
2,260
0.153
14,781
103.1
3.10
1960
 
2,321
0.155
14,934
104.2
1.04
1961
 
2,383
0.157
15,177
105.9
1.63
1962
 
2,498
0.159
15,725
109.7
3.61
1963
 
2,589
0.161
16,101
112.3
2.39
1964
 
2,735
0.163
16,770
117.0
4.16
1965
 
2,918
0.165
17,636
123.0
5.16
1966
 
3,134
0.170
18,477
128.9
4.77
1967
 
3,328
0.174
19,137
133.5
3.57
1968
 
3,617
0.181
20,017
139.6
4.59
1969
 
3,931
0.189
20,816
145.2
3.99
1970
 
4,198
0.198
21,238
148.1
2.03
1971
 
4,471
0.206
21,697
151.3
2.16
1972
 
4,857
0.213
22,793
159.0
5.05
1973
 
5,363
0.225
23,883
166.6
4.78
1974
 
5,836
0.248
23,537
164.2
-1.45
1975
 
6,324
0.269
23,544
164.2
0.03
1976
 
6,875
0.283
24,265
169.3
3.07
1977
 
7,516
0.302
24,906
173.7
2.64
1978
 
8,356
0.323
25,889
180.6
3.95
1979
 
9,232
0.351
26,271
183.2
1.47
1980
 
10,184
0.389
26,160
182.5
-0.42
1981
 
11,291
0.424
26,621
185.7
1.76
1982
 
11,990
0.448
26,781
186.8
0.60
1983
 
12,701
0.467
27,210
189.8
1.61
1984
 
13,889
0.484
28,674
200.0
5.38
1985
 
14,746
0.501
29,417
205.2
2.59
1986
 
15,482
0.512
30,227
210.8
2.75
1987
 
16,228
0.528
30,733
214.4
1.67
1988
 
17,442
0.549
31,790
221.7
3.44
1989
 
18,658
0.573
32,584
227.3
2.50
1990
 
19,619
0.598
32,821
228.9
0.73
1991
 
20,050
0.618
32,457
226.4
-1.11
1992
 
21,077
0.634
33,234
231.8
2.39
1993
 
21,713
0.650
33,405
233.0
0.51
1994
 
22,552
0.664
33,986
237.1
1.74
1995
 
23,577
0.678
34,798
242.7
2.39
1996
 
24,725
0.692
35,729
249.2
2.67
1997
 
25,925
0.704
36,822
256.8
3.06
1998
 
27,493
0.710
38,740
270.2
5.21
1999
 
28,592
0.720
39,711
277.0
2.51
2000
 
30,551
0.738
41,384
288.7
4.21
2001
 
31,548
0.753
41,895
292.2
1.23
2002
 
31,801
0.763
41,684
290.8
-0.50
2003
 
32,659
0.779
41,928
292.5
0.59
2004
 
34,183
0.798
42,821
298.7
2.13
2005
 
35,669
0.821
43,432
303.0
1.43
2006
 
37,843
0.844
44,816
312.6
3.19
2007
 
39,588
0.866
45,710
318.8
1.99
2008
 
40,854
0.892
45,816
319.6
0.23
2009
 
39,307
0.889
44,204
308.3
-3.52
2010
 
40,557
0.905
44,808
312.5
1.36
2011
 
42,649
0.928
45,956
320.6
2.56
2012
 
44,237
0.945
46,795
326.4
1.83
2013
 
44,401
0.958
46,357
323.4
-0.94
2014
 
46,287
0.971
47,659
332.4
2.81
2015
 
48,060
0.973
49,394
344.5
3.64
2016
 
48,971
0.983
49,826
347.6
0.88
2017
 
51,004
1.000
51,004
355.8
2.36
2018
 
53,309
1.020
52,240
364.4
2.42
2019
 
55,547
1.035
53,662
374.3
2.72
2020
 
59,153
1.046
56,533
394.3
5.35
2021
 
64,430
1.090
59,110
412.3
4.56
2022
 
65,470
1.160
56,419
393.5
-4.55
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
November 2023
REAP_PI_SA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, US-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.