Introduction
Missouri vs. United States
Missouri:
2022 TPI = $357,194,742K
2022 Percent of U.S. = 1.64%
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 Missouri. 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
Missouri Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Missouri Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Missouri'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 Missouri over time.
When measured in current dollars, Missouri's total personal income increased 3,720.17%, from $9,350M in 1959 to $357,195M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 403.35%, from $61,153M in 1959 to $307,812M 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 Missouri'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.
Missouri's overall real total personal income growth was 425.27% over 1958-2022 trailed 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 contrasting the total personal income growth of Missouri is to compare 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, Missouri's total personal income comprised 2.35% of the United States' total personal income, while in 2022 it equated to 1.64% thereby yielding a -0.71% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
-0.71%
=
1.64%
-
2.35%
 
   
Page 5 of 11
Missouri Real Total Personal Income:
Annual Percent Change, 1959-2022
Missouri Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 shows the short-run pattern of Missouri'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, Missouri's real total personal income grew at an annual rate of 2.65% over 1959-2022. The state recorded its highest growth in 1965 (7.19%) and posted its lowest growth in 1974 (-3.09%). In 2022, Missouri's real total personal income declined by -3.02%
Page 6 of 11
Missouri Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Missouri 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 illustrates the annual percent change in Missouri's real total 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, Missouri's annual real total personal income growth rate averaged 3.91%. It averaged 3.08% in the 1970s, 2.44% in the 1980s, 2.84% throughout the 1990s, 1.84% in the 2000s, 1.68% throughout the 2010s, 2.41% 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 Missouri noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Missouri lagged the nation during the 1960s (3.91% vs. 4.82%), lagged the nation in the 1970s (3.08% vs. 3.50%), trailed the nation in the 1980s (2.44% vs. 3.16%), trailed the nation throughout the 1990s (2.84% vs. 3.27%), fell under the nation throughout the 2000s (1.84% vs. 2.06%), posted below the nation in the 2010s (1.68% vs. 2.72%), and outperformed the nation over 2020-2022 (2.41% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.65
3.91
3.08
2.44
2.84
1.84
1.68
2.41
-3.02
 
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.

   
 
Missouri:
Total Personal Income, 1958-2022
 
1958
 
8,828,756
0.151
58,600,531
100.0
N
2.35
1959
 
9,350,234
0.153
61,152,610
104.4
4.36
2.34
1960
 
9,629,682
0.155
61,963,078
105.7
1.33
2.31
1961
 
9,955,280
0.157
63,401,350
108.2
2.32
2.28
1962
 
10,488,742
0.159
66,025,066
112.7
4.14
2.26
1963
 
11,002,316
0.161
68,435,131
116.8
3.65
2.26
1964
 
11,619,622
0.163
71,246,686
121.6
4.11
2.22
1965
 
12,634,817
0.165
76,370,993
130.3
7.19
2.24
1966
 
13,535,764
0.170
79,800,519
136.2
4.49
2.21
1967
 
14,407,447
0.174
82,853,798
141.4
3.83
2.19
1968
 
15,949,874
0.181
88,272,035
150.6
6.54
2.21
1969
 
16,912,485
0.189
89,564,608
152.8
1.46
2.14
1970
 
18,479,482
0.198
93,491,258
159.5
4.38
2.16
1971
 
19,938,913
0.206
96,767,353
165.1
3.50
2.16
1972
 
21,682,224
0.213
101,756,261
173.6
5.16
2.13
1973
 
24,089,650
0.225
107,279,670
183.1
5.43
2.13
1974
 
25,774,725
0.248
103,959,686
177.4
-3.09
2.07
1975
 
28,212,715
0.269
105,036,169
179.2
1.04
2.07
1976
 
30,912,024
0.283
109,102,545
186.2
3.87
2.07
1977
 
34,252,401
0.302
113,508,752
193.7
4.04
2.07
1978
 
38,129,735
0.323
118,136,495
201.6
4.08
2.05
1979
 
42,514,262
0.351
120,975,051
206.4
2.40
2.05
1980
 
46,138,539
0.389
118,522,757
202.3
-2.03
1.99
1981
 
51,479,765
0.424
121,371,602
207.1
2.40
1.99
1982
 
55,043,829
0.448
122,945,275
209.8
1.30
1.98
1983
 
58,776,893
0.467
125,925,300
214.9
2.42
1.98
1984
 
65,104,981
0.484
134,406,121
229.4
6.73
1.99
1985
 
69,704,040
0.501
139,052,107
237.3
3.46
1.99
1986
 
73,379,132
0.512
143,265,452
244.5
3.03
1.97
1987
 
77,025,452
0.528
145,876,012
248.9
1.82
1.96
1988
 
82,057,137
0.549
149,561,901
255.2
2.53
1.92
1989
 
87,941,735
0.573
153,580,509
262.1
2.69
1.91
1990
 
91,896,544
0.598
153,737,422
262.3
0.10
1.88
1991
 
96,075,025
0.618
155,526,637
265.4
1.16
1.89
1992
 
102,078,066
0.634
160,955,639
274.7
3.49
1.89
1993
 
106,723,405
0.650
164,189,854
280.2
2.01
1.89
1994
 
113,256,616
0.664
170,680,294
291.3
3.95
1.91
1995
 
119,399,811
0.678
176,225,479
300.7
3.25
1.90
1996
 
126,394,157
0.692
182,642,598
311.7
3.64
1.90
1997
 
134,117,797
0.704
190,489,294
325.1
4.30
1.90
1998
 
140,839,690
0.710
198,458,002
338.7
4.18
1.86
1999
 
146,172,453
0.720
203,014,476
346.4
2.30
1.83
2000
 
156,202,129
0.738
211,592,925
361.1
4.23
1.81
2001
 
161,531,191
0.753
214,511,156
366.1
1.38
1.80
2002
 
165,389,801
0.763
216,788,089
369.9
1.06
1.81
2003
 
171,593,178
0.779
220,290,623
375.9
1.62
1.81
2004
 
180,453,767
0.798
226,056,055
385.8
2.62
1.80
2005
 
186,770,922
0.821
227,417,198
388.1
0.60
1.77
2006
 
197,834,125
0.844
234,289,584
399.8
3.02
1.75
2007
 
207,411,340
0.866
239,485,654
408.7
2.22
1.74
2008
 
219,921,999
0.892
246,632,274
420.9
2.98
1.77
2009
 
216,424,450
0.889
243,389,582
415.3
-1.31
1.79
2010
 
221,760,207
0.905
245,001,002
418.1
0.66
1.77
2011
 
230,858,278
0.928
248,758,974
424.5
1.53
1.74
2012
 
240,967,754
0.945
254,900,622
435.0
2.47
1.73
2013
 
242,493,009
0.958
253,174,439
432.0
-0.68
1.72
2014
 
250,783,748
0.971
258,217,840
440.6
1.99
1.70
2015
 
259,349,984
0.973
266,549,486
454.9
3.23
1.68
2016
 
267,048,570
0.983
271,711,133
463.7
1.94
1.68
2017
 
273,774,195
1.000
273,774,195
467.2
0.76
1.64
2018
 
286,084,305
1.020
280,345,630
478.4
2.40
1.63
2019
 
297,349,071
1.035
287,257,708
490.2
2.47
1.62
2020
 
320,592,856
1.046
306,391,605
522.8
6.66
1.63
2021
 
345,961,209
1.090
317,392,693
541.6
3.59
1.62
2022
 
357,194,742
1.160
307,812,399
525.3
-3.02
1.64
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
 
   
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