Introduction
U.S.:
2017 TPI = $16,413,550,863K
The annual total personal incomes (TPI) 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 following graphs highlight trends in the pattern of growth and change in the total personal income of the United States. The data used are those compiled by the Regional Income and Product Divisions of the Bureau of Economic Analysis, U.S. Department of Commerce. The 2009 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Chain-Weight Implicit Price Deflator for Personal Consumption.
Data 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.
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United States Total Personal Income, 1958-2017
Current vs. Constant Dollars (Billions)
United States Total Personal Income, 1958-2017
Current vs. Constant Dollars (Billions)
Figure 1.
Figure 1 depicts the United States' annual total 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 the United States over time.
When measured in current dollars, the United States' total personal income increased 4,257.3%, from $377B in 1958 to $16,414B in 2017. When measured in constant 2009 dollars to adjust for inflation, it advanced 557.4%, from $2,216B in 1958 to $14,569B in 2017.
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Real Total Personal Income Indices (1958=100): 1958-2017
Real Total Personal Income Indices (1958=100): 1958-2017
Figure 2.
Figure 2 shows the United States' real total personal income growth in a broader context by offering direct comparisons across time with . The growth indices shown here express each region's real total personal income in 1958 as a base figure of 100, and the real total personal incomes in later years as a percentage of the 1958 base figure.
The United States' overall real total personal income growth was 557.4% over 1958-2017 .
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United States Real Total Personal Income:
Annual Percent Change, 1959-2017
United States Real Total Personal Income:
Annual Percent Change, 1959-2017
Figure 3.
Figure 3 shows the short-run pattern of the United States' real total 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 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, the United States' real total personal income grew at an annual rate of 3.26% over 1959-2017. The United States posted its highest growth in 1984 (6.47%) and recorded its lowest growth in 2009 (-3.25%). In 2017, the United States' real total personal income grew by 1.44%
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United States Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
United States Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
Figure 4.
Over the past six decades some countries have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 4 again illustrates the annual percent change in the United States' real total 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, the United States' annual real total personal income growth rate averaged 4.81%. It averaged 3.47% throughout the 1970s, 3.18% throughout the 1980s, 3.31% in the 1990s, 2.09% in the 2000s, and 2.38% thus far this decade (2010 to 2017).
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Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Personal Income, 1958-2017
 
1958
 
376,690,281
0.170
2,216,346,676
100.0
N
1959
 
400,673,993
0.173
2,322,613,141
104.8
4.79
1960
 
418,095,000
0.175
2,384,345,595
107.6
2.66
1961
 
436,553,000
0.177
2,463,756,420
111.2
3.33
1962
 
464,248,000
0.179
2,589,513,610
116.8
5.10
1963
 
487,847,000
0.181
2,689,788,830
121.4
3.87
1964
 
522,796,000
0.184
2,840,819,432
128.2
5.61
1965
 
564,631,000
0.187
3,024,430,875
136.5
6.46
1966
 
612,945,000
0.191
3,201,927,598
144.5
5.87
1967
 
656,851,000
0.196
3,347,011,465
151.0
4.53
1968
 
720,704,000
0.204
3,534,768,748
159.5
5.61
1969
 
791,150,000
0.213
3,712,053,676
167.5
5.02
1970
 
855,078,000
0.223
3,832,540,003
172.9
3.25
1971
 
923,964,000
0.233
3,972,500,967
179.2
3.65
1972
 
1,015,526,000
0.241
4,221,683,642
190.5
6.27
1973
 
1,131,213,000
0.254
4,462,026,665
201.3
5.69
1974
 
1,242,433,000
0.280
4,438,528,865
200.3
-0.53
1975
 
1,359,998,000
0.303
4,484,002,638
202.3
1.02
1976
 
1,491,506,000
0.320
4,661,976,057
210.3
3.97
1977
 
1,646,968,000
0.341
4,833,219,862
218.1
3.67
1978
 
1,851,867,000
0.365
5,078,756,548
229.1
5.08
1979
 
2,068,806,000
0.397
5,211,623,337
235.1
2.62
1980
 
2,307,005,000
0.440
5,248,083,441
236.8
0.70
1981
 
2,584,340,000
0.478
5,403,064,958
243.8
2.95
1982
 
2,767,657,000
0.505
5,482,680,269
247.4
1.47
1983
 
2,957,901,000
0.527
5,617,725,486
253.5
2.46
1984
 
3,268,535,000
0.546
5,981,398,115
269.9
6.47
1985
 
3,501,927,000
0.566
6,189,118,448
279.2
3.47
1986
 
3,712,243,000
0.578
6,421,899,111
289.8
3.76
1987
 
3,940,859,000
0.597
6,606,637,050
298.1
2.88
1988
 
4,260,753,000
0.620
6,875,065,350
310.2
4.06
1989
 
4,603,969,000
0.646
7,122,366,609
321.4
3.60
1990
 
4,890,453,000
0.674
7,251,561,388
327.2
1.81
1991
 
5,055,766,000
0.697
7,258,608,511
327.5
0.10
1992
 
5,402,109,000
0.715
7,556,031,275
340.9
4.10
1993
 
5,639,780,000
0.733
7,696,311,358
347.3
1.86
1994
 
5,930,316,000
0.748
7,927,911,982
357.7
3.01
1995
 
6,275,761,000
0.764
8,219,080,360
370.8
3.67
1996
 
6,661,697,000
0.780
8,542,718,098
385.4
3.94
1997
 
7,075,132,000
0.793
8,918,945,630
402.4
4.40
1998
 
7,588,703,000
0.799
9,493,473,529
428.3
6.44
1999
 
7,988,183,000
0.811
9,848,579,707
444.4
3.74
2000
 
8,634,847,000
0.831
10,387,036,124
468.7
5.47
2001
 
8,987,890,000
0.847
10,606,932,119
478.6
2.12
2002
 
9,150,761,000
0.859
10,656,156,184
480.8
0.46
2003
 
9,484,225,000
0.876
10,830,202,576
488.7
1.63
2004
 
10,047,876,000
0.897
11,201,270,861
505.4
3.43
2005
 
10,610,320,000
0.923
11,500,330,584
518.9
2.67
2006
 
11,381,350,000
0.947
12,014,641,768
542.1
4.47
2007
 
11,995,419,000
0.971
12,353,421,145
557.4
2.82
2008
 
12,492,705,000
1.001
12,484,590,016
563.3
1.06
2009
 
12,079,444,000
1.000
12,079,444,000
545.0
-3.25
2010
 
12,459,613,000
1.017
12,257,004,712
553.0
1.47
2011
 
13,233,436,000
1.041
12,706,253,541
573.3
3.67
2012
 
13,904,485,000
1.061
13,102,482,072
591.2
3.12
2013
 
14,068,960,000
1.075
13,083,510,025
590.3
-0.14
2014
 
14,811,388,000
1.092
13,568,885,184
612.2
3.71
2015
 
15,547,661,000
1.095
14,201,241,311
640.7
4.66
2016
 
15,912,777,000
1.108
14,363,138,037
648.1
1.14
2017
 
16,413,550,863
1.127
14,569,490,456
657.4
1.44
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_300_PS
 
   
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