Introduction
Texas vs. United States
Texas:
2022 TPI = $1,879,419,645K
2022 Percent of U.S. = 8.61%
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 Texas. 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
Texas Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Texas Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Texas' 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 Texas over time.
When measured in current dollars, Texas' total personal income increased 9,828.60%, from $18,929M in 1959 to $1,879,420M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,208.21%, from $123,802M in 1959 to $1,619,589M 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 portrays Texas' 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.
Texas' overall real total personal income growth was 1,263.47% 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 contrasting the total personal income growth of Texas 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, Texas' total personal income comprised 4.76% of the United States' total personal income, while in 2022 it comprised 8.61% thereby yielding a +3.86% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
+3.86%
=
8.61%
-
4.76%
 
   
Page 5 of 11
Texas Real Total Personal Income:
Annual Percent Change, 1959-2022
Texas Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 highlights the short-run pattern of Texas' 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, Texas' real total personal income grew at an annual rate of 4.20% over 1959-2022. The state recorded its highest growth in 1998 (8.16%) and posted its lowest growth in 2009 (-4.38%). In 2022, Texas' real total personal income declined by -1.36%
Page 6 of 11
Texas Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Texas 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 depicts the annual percent change in Texas' 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, Texas' annual real total personal income growth rate averaged 5.15%. It averaged 5.69% in the 1970s, 3.13% throughout the 1980s, 4.63% throughout the 1990s, 3.29% during the 2000s, 3.66% during the 2010s, 3.00% 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 Texas noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Texas outgained the nation in the 1960s (5.15% vs. 4.82%), registered above the nation in the 1970s (5.69% vs. 3.50%), fell under the nation throughout the 1980s (3.13% vs. 3.16%), topped the nation during the 1990s (4.63% vs. 3.27%), topped the nation during the 2000s (3.29% vs. 2.06%), surpassed the nation throughout the 2010s (3.66% vs. 2.72%), and led the nation over 2020-2022 (3.00% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.20
5.15
5.69
3.13
4.63
3.29
3.66
3.00
-1.36
 
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.

   
 
Texas:
Total Personal Income, 1958-2022
 
1958
 
17,896,029
0.151
118,784,209
100.0
N
4.76
1959
 
18,929,361
0.153
123,802,230
104.2
4.22
4.73
1960
 
19,437,778
0.155
125,074,178
105.3
1.03
4.65
1961
 
20,545,994
0.157
130,849,535
110.2
4.62
4.71
1962
 
21,582,264
0.159
135,857,132
114.4
3.83
4.65
1963
 
22,539,080
0.161
140,194,564
118.0
3.19
4.62
1964
 
24,171,273
0.163
148,208,186
124.8
5.72
4.62
1965
 
26,016,697
0.165
157,257,598
132.4
6.11
4.61
1966
 
28,468,538
0.170
167,837,154
141.3
6.73
4.65
1967
 
31,101,031
0.174
178,854,626
150.6
6.56
4.74
1968
 
34,653,869
0.181
191,786,314
161.5
7.23
4.81
1969
 
38,574,952
0.189
204,284,023
172.0
6.52
4.88
1970
 
42,497,001
0.198
215,000,511
181.0
5.25
4.97
1971
 
46,116,225
0.206
223,810,847
188.4
4.10
4.99
1972
 
51,173,430
0.213
240,160,644
202.2
7.31
5.03
1973
 
58,113,014
0.225
258,797,658
217.9
7.76
5.13
1974
 
65,532,274
0.248
264,317,646
222.5
2.13
5.26
1975
 
74,746,690
0.269
278,282,539
234.3
5.28
5.49
1976
 
84,227,582
0.283
297,277,316
250.3
6.83
5.63
1977
 
93,978,608
0.302
311,434,942
262.2
4.76
5.69
1978
 
108,293,275
0.323
335,522,602
282.5
7.73
5.84
1979
 
124,674,852
0.351
354,764,397
298.7
5.73
6.01
1980
 
143,179,438
0.389
367,805,790
309.6
3.68
6.19
1981
 
168,206,050
0.424
396,572,085
333.9
7.82
6.49
1982
 
185,427,375
0.448
414,168,491
348.7
4.44
6.68
1983
 
198,102,234
0.467
424,419,903
357.3
2.48
6.67
1984
 
216,621,133
0.484
447,203,974
376.5
5.37
6.61
1985
 
233,449,005
0.501
465,705,803
392.1
4.14
6.65
1986
 
238,841,027
0.512
466,313,335
392.6
0.13
6.42
1987
 
242,766,096
0.528
459,766,857
387.1
-1.40
6.17
1988
 
258,008,140
0.549
470,259,984
395.9
2.28
6.05
1989
 
275,613,291
0.573
481,328,113
405.2
2.35
5.98
1990
 
297,664,403
0.598
497,974,744
419.2
3.46
6.08
1991
 
311,648,483
0.618
504,497,819
424.7
1.31
6.14
1992
 
336,384,637
0.634
530,407,816
446.5
5.14
6.22
1993
 
356,047,525
0.650
547,765,423
461.1
3.27
6.31
1994
 
376,212,519
0.664
566,960,816
477.3
3.50
6.34
1995
 
402,352,739
0.678
593,843,521
499.9
4.74
6.41
1996
 
432,484,526
0.692
624,950,546
526.1
5.24
6.49
1997
 
472,267,790
0.704
670,768,233
564.7
7.33
6.68
1998
 
514,882,580
0.710
725,523,948
610.8
8.16
6.79
1999
 
543,797,610
0.720
755,263,969
635.8
4.10
6.82
2000
 
591,738,336
0.738
801,574,512
674.8
6.13
6.86
2001
 
631,080,209
0.753
838,065,668
705.5
4.55
7.02
2002
 
639,443,134
0.763
838,163,262
705.6
0.01
6.99
2003
 
664,814,928
0.779
853,486,697
718.5
1.83
7.02
2004
 
696,381,313
0.798
872,363,127
734.4
2.21
6.96
2005
 
754,775,858
0.821
919,034,980
773.7
5.35
7.16
2006
 
827,439,656
0.844
979,914,325
825.0
6.62
7.33
2007
 
878,902,412
0.866
1,014,816,830
854.3
3.56
7.37
2008
 
968,499,295
0.892
1,086,126,831
914.4
7.03
7.80
2009
 
923,470,728
0.889
1,038,529,400
874.3
-4.38
7.66
2010
 
982,052,761
0.905
1,084,973,331
913.4
4.47
7.83
2011
 
1,074,857,967
0.928
1,158,202,197
975.0
6.75
8.08
2012
 
1,142,887,491
0.945
1,208,969,779
1,017.8
4.38
8.22
2013
 
1,173,747,415
0.958
1,225,449,113
1,031.7
1.36
8.35
2014
 
1,257,639,593
0.971
1,294,920,350
1,090.1
5.67
8.51
2015
 
1,281,170,135
0.973
1,316,735,151
1,108.5
1.68
8.28
2016
 
1,276,330,590
0.983
1,298,614,820
1,093.3
-1.38
8.03
2017
 
1,367,826,004
1.000
1,367,826,004
1,151.5
5.33
8.21
2018
 
1,463,789,844
1.020
1,434,427,121
1,207.6
4.87
8.36
2019
 
1,536,596,995
1.035
1,484,448,325
1,249.7
3.49
8.38
2020
 
1,611,228,255
1.046
1,539,855,933
1,296.3
3.73
8.22
2021
 
1,789,719,416
1.090
1,641,929,355
1,382.3
6.63
8.37
2022
 
1,879,419,645
1.160
1,619,588,984
1,363.5
-1.36
8.61
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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