North Carolina vs. United States Comparative Trends Analysis: Population Growth and Change, 1958-2023 Introduction North Carolina: 2023 Population = 10,835,491 2023 Percent of U.S. = 3.24% U.S.: 2023 Population = 334,914,895 Attracting and retaining people to live, work, raise a family, and retire underlies the economic vitality of any region. Population growth is both a cause--and a consequence--of economic growth. Patterns of population growth and change reflect differences among regions to attract and retain people both as producers and consumers in their economy. The following graphs offer a broad overview of trends in the pattern of population growth and change of North Carolina with comparisons to the nation at large. The data used are those compiled by the Regional Income and Product Divisions of the Bureau of Economic Analysis, U.S. Department of Commerce. Population, 1958-2023 Figure 1. Figure 1 tracks North Carolina's annual population for the period 1958-2023 to illustrate population patterns over time. During this 66-year period, North Carolina's population rose from 4,376,000 in 1958 to 10,835,491 in 2023, for a net gain of 6,459,491, or 147.61%. NOTE: The state population totals reported by the Bureau of Economic Analysis (BEA) are from the Bureau of Census midyear (July 1) estimates. These estimates may differ from those prepared independently in some states by various agencies and/or universities. Population Indices (1958=100): 1958-2023 Figure 2. Figure 2 portrays North Carolina's population growth in a broader context by offering direct comparisons across time with the United States. The growth indices shown here express each region's population in 1958 as a base figure of 100, and the populations in later years as a percentage of the 1958 base figure. This method allows for more direct comparison of differences in population growth between regions that may differ vastly in size. North Carolina's overall population growth was 147.61% over 1958-2023 outpaced the United States' increase of 92.31%. Population as a Percent of the United States Total: 1958-2023 Figure 3. Another interesting and insightful way of comparing the population growth of North Carolina is to compare its individual percentage contributions to the United States' total population over time, as shown in Figure 3. A rising share means a region's population grew faster, or declined less, than the United States' population, while a declining share shows it grew more slowly. In 1958, North Carolina's population totaled 2.51% of the United States' population, while in 2023 it comprised 3.24% thereby yielding a +0.72% share-shift.
North Carolina Population: Annual Percent Change, 1959-2023 Figure 4. Figure 4 shows the short-run pattern of North Carolina's population growth by tracking the year-to-year percent change over 1959-2023. The average annual percent change for the entire 65-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, North Carolina's population grew at an annual rate of 1.41% over 1959-2023. The state recorded its highest growth in 1960 (2.58%) and posted its lowest growth in 1969 (0.54%). In 2023, North Carolina's population grew by 1.30% North Carolina Population: Annual Percent Change and Decade Averages Over 1959-2023 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 traces the annual percent change in North Carolina's population since 1959, but this time they are overlayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2023. During the 1960s, North Carolina's annual population growth rate averaged 1.22%. It averaged 1.44% throughout the 1970s, 1.24% during the 1980s, 1.93% during the 1990s, 1.74% during the 2000s, 0.93% throughout the 2010s, 1.10% thus far this decade (2020-2023). Population Growth: Average Annual Percent Change by Decade Figure 6. Figure 6 compares the decade average growth rates for North Carolina noted in the previous graph with the corresponding decade averages for the nation. Relative to nationwide population growth trends, North Carolina fell under the nation throughout the 1960s (1.22% vs. 1.29%), topped the nation over the 1970s (1.44% vs. 1.10%), recorded above the nation during the 1980s (1.24% vs. 0.95%), registered above the nation throughout the 1990s (1.93% vs. 1.23%), outgained the nation throughout the 2000s (1.74% vs. 0.95%), led the nation throughout the 2010s (0.93% vs. 0.74%), and topped the nation over 2020-2023 (1.10% vs. 0.35%).
| Analysis Options Menu |