Introduction
Georgia vs. United States
Georgia:
2022 TPI = $617,552,988K
2022 Percent of U.S. = 2.83%
U.S.:
2022 TPI = $21,820,248,000K
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 Georgia. 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 2017 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the 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.
Page 2 of 11
Georgia Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Georgia Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Georgia's annual total 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 Georgia over time.
When measured in current dollars, Georgia's total personal income increased 9,241.39%, from $6,611M in 1959 to $617,553M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,130.84%, from $43,237M in 1959 to $532,176M in 2022.
Page 3 of 11
Real Total Personal Income Indices (1958=100): 1958-2022
Real Total Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 shows Georgia's real total 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 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. This method allows for more direct comparison of differences in real total personal income growth between regions that may differ vastly in size.
Georgia's overall real total personal income growth was 1,192.38% over 1958-2022 outpaced the United States' increase of 653.14%.
Page 4 of 11
Total Personal Income as a Percent of the United States Total: 1958-2022
Total Personal Income as a Percent of the United States Total: 1958-2022
Figure 3.
Another interesting and insightful way of highlighting the total personal income growth of Georgia is to trace its individual percentage contributions to the United States' total total personal income over time, as shown in Figure 3. A rising share means a region's total personal income grew faster, or declined less, than the United States' total personal income, while a declining share shows it grew more slowly.
In 1958, Georgia's total personal income totaled 1.65% of the United States' total personal income, while in 2022 it totaled 2.83% thereby yielding a +1.18% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
+1.18%
=
2.83%
-
1.65%
 
   
Page 5 of 11
Georgia Real Total Personal Income:
Annual Percent Change, 1959-2022
Georgia Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 shows the short-run pattern of Georgia's real total 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 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, Georgia's real total personal income grew at an annual rate of 4.11% over 1959-2022. The state posted its highest growth in 1984 (9.14%) and posted its lowest growth in 2022 (-4.30%). In 2022, Georgia's real total personal income declined by -4.30%
Page 6 of 11
Georgia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Georgia Real Total 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 traces the annual percent change in Georgia's 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, 2010s, and 2020-2022.
During the 1960s, Georgia's annual real total personal income growth rate averaged 6.27%. It averaged 4.30% throughout the 1970s, 4.66% throughout the 1980s, 4.85% throughout the 1990s, 2.02% throughout the 2000s, 3.05% in the 2010s, 2.28% thus far this decade (2020-2022).
Page 7 of 11
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Real Total Personal Income Growth:
Average Annual Percent Change by Decade
Figure 6.
Figure 6 compares the decade average growth rates for Georgia noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Georgia led the nation in the 1960s (6.27% vs. 4.82%), outpaced the nation during the 1970s (4.30% vs. 3.50%), recorded above the nation in the 1980s (4.66% vs. 3.16%), exceeded the nation during the 1990s (4.85% vs. 3.27%), trailed the nation during the 2000s (2.02% vs. 2.06%), led the nation in the 2010s (3.05% vs. 2.72%), and led the nation over 2020-2022 (2.28% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.11
6.27
4.30
4.66
4.85
2.02
3.05
2.28
-4.30
 
3.23
4.82
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   
Page 8 of 11

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

   
 
Georgia:
Total Personal Income, 1958-2022
 
1958
 
6,203,862
0.151
41,177,897
100.0
N
1.65
1959
 
6,610,930
0.153
43,236,952
105.0
5.00
1.65
1960
 
6,917,526
0.155
44,511,460
108.1
2.95
1.66
1961
 
7,221,349
0.157
45,989,995
111.7
3.32
1.66
1962
 
7,768,245
0.159
48,899,943
118.8
6.33
1.67
1963
 
8,445,324
0.161
52,530,472
127.6
7.42
1.73
1964
 
9,145,250
0.163
56,074,867
136.2
6.75
1.75
1965
 
10,099,354
0.165
61,045,418
148.2
8.86
1.79
1966
 
11,143,592
0.170
65,697,394
159.5
7.62
1.82
1967
 
12,120,397
0.174
69,701,518
169.3
6.09
1.85
1968
 
13,381,445
0.181
74,057,474
179.8
6.25
1.86
1969
 
14,980,053
0.189
79,330,896
192.7
7.12
1.89
1970
 
16,310,397
0.198
82,517,439
200.4
4.02
1.91
1971
 
18,009,654
0.206
87,404,290
212.3
5.92
1.95
1972
 
20,206,129
0.213
94,828,839
230.3
8.49
1.99
1973
 
22,848,185
0.225
101,750,991
247.1
7.30
2.02
1974
 
25,067,819
0.248
101,108,454
245.5
-0.63
2.01
1975
 
27,084,317
0.269
100,835,134
244.9
-0.27
1.99
1976
 
30,146,592
0.283
106,400,988
258.4
5.52
2.02
1977
 
33,332,134
0.302
110,459,087
268.2
3.81
2.02
1978
 
37,818,959
0.323
117,173,624
284.6
6.08
2.04
1979
 
42,320,346
0.351
120,423,259
292.4
2.77
2.04
1980
 
47,202,071
0.389
121,254,806
294.5
0.69
2.04
1981
 
53,425,141
0.424
125,958,130
305.9
3.88
2.06
1982
 
57,837,878
0.448
129,186,031
313.7
2.56
2.08
1983
 
63,391,355
0.467
135,811,456
329.8
5.13
2.13
1984
 
71,797,631
0.484
148,222,777
360.0
9.14
2.19
1985
 
78,653,685
0.501
156,905,691
381.0
5.86
2.24
1986
 
85,815,039
0.512
167,545,323
406.9
6.78
2.31
1987
 
92,176,403
0.528
174,569,908
423.9
4.19
2.34
1988
 
100,730,745
0.549
183,597,457
445.9
5.17
2.36
1989
 
108,528,867
0.573
189,533,656
460.3
3.23
2.36
1990
 
116,127,930
0.598
194,275,082
471.8
2.50
2.37
1991
 
121,970,784
0.618
197,446,796
479.5
1.63
2.40
1992
 
131,894,417
0.634
207,969,752
505.1
5.33
2.44
1993
 
140,056,533
0.650
215,471,589
523.3
3.61
2.48
1994
 
150,802,631
0.664
227,262,992
551.9
5.47
2.54
1995
 
162,763,562
0.678
240,227,237
583.4
5.70
2.59
1996
 
175,804,576
0.692
254,041,842
616.9
5.75
2.64
1997
 
187,175,782
0.704
265,848,257
645.6
4.65
2.65
1998
 
205,294,013
0.710
289,280,952
702.5
8.81
2.71
1999
 
218,718,588
0.720
303,771,598
737.7
5.01
2.74
2000
 
236,616,760
0.738
320,523,367
778.4
5.51
2.74
2001
 
248,742,489
0.753
330,326,537
802.2
3.06
2.77
2002
 
255,977,173
0.763
335,527,353
814.8
1.57
2.80
2003
 
265,622,803
0.779
341,005,473
828.1
1.63
2.80
2004
 
280,462,397
0.798
351,337,764
853.2
3.03
2.80
2005
 
297,084,940
0.821
361,738,454
878.5
2.96
2.82
2006
 
316,548,828
0.844
374,880,185
910.4
3.63
2.80
2007
 
331,363,663
0.866
382,606,098
929.2
2.06
2.78
2008
 
335,257,508
0.892
375,975,673
913.1
-1.73
2.70
2009
 
329,158,884
0.889
370,170,021
899.0
-1.54
2.73
2010
 
337,420,548
0.905
372,782,716
905.3
0.71
2.69
2011
 
360,456,247
0.928
388,405,938
943.2
4.19
2.71
2012
 
369,040,241
0.945
390,378,320
948.0
0.51
2.65
2013
 
374,124,564
0.958
390,604,153
948.6
0.06
2.66
2014
 
398,585,712
0.971
410,401,161
996.7
5.07
2.70
2015
 
423,242,013
0.973
434,991,123
1,056.4
5.99
2.74
2016
 
441,039,056
0.983
448,739,425
1,089.8
3.16
2.78
2017
 
467,592,473
1.000
467,592,473
1,135.5
4.20
2.81
2018
 
491,087,953
1.020
481,237,031
1,168.7
2.92
2.80
2019
 
516,552,121
1.035
499,021,496
1,211.9
3.70
2.82
2020
 
552,248,854
1.046
527,785,974
1,281.7
5.76
2.82
2021
 
606,113,593
1.090
556,062,415
1,350.4
5.36
2.83
2022
 
617,552,988
1.160
532,175,993
1,292.4
-4.30
2.83
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_300_PN
 
   
Page 9 of 11

Interactive TableTip: 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, 1958-2022
 
1958
 
376,151,280
0.151
2,496,689,765
100.0
N
1959
 
400,328,786
0.153
2,618,239,281
104.9
4.87
1960
 
417,700,000
0.155
2,687,729,232
107.7
2.65
1961
 
436,047,000
0.157
2,777,015,667
111.2
3.32
1962
 
464,000,000
0.159
2,920,810,777
117.0
5.18
1963
 
487,780,000
0.161
3,034,023,761
121.5
3.88
1964
 
522,633,000
0.163
3,204,568,030
128.4
5.62
1965
 
564,444,000
0.165
3,411,774,662
136.7
6.47
1966
 
612,713,000
0.170
3,612,268,600
144.7
5.88
1967
 
656,828,000
0.174
3,777,261,487
151.3
4.57
1968
 
720,877,000
0.181
3,989,578,837
159.8
5.62
1969
 
791,229,000
0.189
4,190,165,758
167.8
5.03
1970
 
855,525,000
0.198
4,328,265,709
173.4
3.30
1971
 
924,613,000
0.206
4,487,323,465
179.7
3.67
1972
 
1,016,408,000
0.213
4,770,076,966
191.1
6.30
1973
 
1,133,468,000
0.225
5,047,731,018
202.2
5.82
1974
 
1,244,912,000
0.248
5,021,223,733
201.1
-0.53
1975
 
1,362,505,000
0.269
5,072,617,275
203.2
1.02
1976
 
1,495,704,000
0.283
5,279,017,400
211.4
4.07
1977
 
1,651,632,000
0.302
5,473,329,799
219.2
3.68
1978
 
1,855,849,000
0.323
5,749,934,936
230.3
5.05
1979
 
2,073,296,000
0.351
5,899,598,782
236.3
2.60
1980
 
2,313,972,000
0.389
5,944,235,512
238.1
0.76
1981
 
2,590,995,000
0.424
6,108,676,176
244.7
2.77
1982
 
2,777,640,000
0.448
6,204,105,336
248.5
1.56
1983
 
2,969,333,000
0.467
6,361,584,112
254.8
2.54
1984
 
3,275,415,000
0.484
6,761,937,695
270.8
6.29
1985
 
3,508,482,000
0.501
6,999,046,441
280.3
3.51
1986
 
3,717,756,000
0.512
7,258,548,586
290.7
3.71
1987
 
3,931,800,000
0.528
7,446,308,852
298.2
2.59
1988
 
4,264,433,000
0.549
7,772,592,728
311.3
4.38
1989
 
4,605,107,000
0.573
8,042,309,775
322.1
3.47
1990
 
4,897,332,000
0.598
8,192,943,538
328.2
1.87
1991
 
5,072,291,000
0.618
8,211,045,100
328.9
0.22
1992
 
5,406,546,000
0.634
8,524,985,809
341.5
3.82
1993
 
5,643,648,000
0.650
8,682,535,385
347.8
1.85
1994
 
5,933,938,000
0.664
8,942,579,420
358.2
3.00
1995
 
6,278,125,000
0.678
9,266,058,093
371.1
3.62
1996
 
6,660,854,000
0.692
9,625,094,288
385.5
3.87
1997
 
7,068,422,000
0.704
10,039,373,926
402.1
4.30
1998
 
7,584,003,000
0.710
10,686,661,406
428.0
6.45
1999
 
7,978,449,000
0.720
11,081,025,264
443.8
3.69
2000
 
8,620,234,000
0.738
11,677,052,911
467.7
5.38
2001
 
8,990,104,000
0.753
11,938,732,039
478.2
2.24
2002
 
9,146,700,000
0.763
11,989,225,466
480.2
0.42
2003
 
9,474,684,000
0.779
12,163,560,736
487.2
1.45
2004
 
10,008,929,000
0.798
12,538,275,270
502.2
3.08
2005
 
10,540,800,000
0.821
12,834,755,927
514.1
2.36
2006
 
11,291,446,000
0.844
13,372,153,008
535.6
4.19
2007
 
11,925,044,000
0.866
13,769,145,681
551.5
2.97
2008
 
12,423,410,000
0.892
13,932,275,429
558.0
1.18
2009
 
12,058,253,000
0.889
13,560,635,845
543.1
-2.67
2010
 
12,547,501,000
0.905
13,862,497,514
555.2
2.23
2011
 
13,299,818,000
0.928
14,331,082,712
574.0
3.38
2012
 
13,905,749,000
0.945
14,709,785,897
589.2
2.64
2013
 
14,063,283,000
0.958
14,682,748,144
588.1
-0.18
2014
 
14,778,160,000
0.971
15,216,235,418
609.5
3.63
2015
 
15,467,113,000
0.973
15,896,476,839
636.7
4.47
2016
 
15,884,741,000
0.983
16,162,082,333
647.3
1.67
2017
 
16,658,962,000
1.000
16,658,962,000
667.2
3.07
2018
 
17,514,402,000
1.020
17,163,073,878
687.4
3.03
2019
 
18,343,601,000
1.035
17,721,060,157
709.8
3.25
2020
 
19,609,985,000
1.046
18,741,324,605
750.6
5.76
2021
 
21,392,812,000
1.090
19,626,252,970
786.1
4.72
2022
 
21,820,248,000
1.160
18,803,588,325
753.1
-4.19
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_300_PN
 
   
Page 10 of 11
A Special Thanks to Our Hosts & Sponsors:


Page 11 of 11
Brought To You By:
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.