Alabama vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022
Introduction
Alabama vs. United States
Alabama:
2022 TPI = $258,362,172K
2022 Percent of U.S. = 1.18%
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 Alabama. 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.
Alabama Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Alabama Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Alabama'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 Alabama over time.
When measured in current dollars, Alabama's total personal income increased 5,091.09%, from $4,977M in 1959 to $258,362M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 583.99%, from $32,551M in 1959 to $222,643M in 2022.
Real Total Personal Income Indices (1958=100): 1958-2022
Real Total Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 portrays Alabama'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.
Alabama's overall real total personal income growth was 608.74% over 1958-2022 trailed the United States' increase of 653.14%.
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 comparing the total personal income growth of Alabama 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, Alabama's total personal income totaled 1.26% of the United States' total personal income, while in 2022 it totaled 1.18% thereby yielding a -0.07% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
-0.07%
=
1.18%
-
1.26%
 
   
Alabama Real Total Personal Income:
Annual Percent Change, 1959-2022
Alabama Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 shows the short-run pattern of Alabama'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 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, Alabama's real total personal income grew at an annual rate of 3.13% over 1959-2022. The state posted its highest growth in 1972 (7.44%) and recorded its lowest growth in 2022 (-4.00%). In 2022, Alabama's real total personal income declined by -4.00%
Alabama Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Alabama 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 Alabama'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, Alabama's annual real total personal income growth rate averaged 4.72%. It averaged 4.53% throughout the 1970s, 2.80% during the 1980s, 3.13% during the 1990s, 2.03% during the 2000s, 1.74% during the 2010s, 2.42% thus far this decade (2020-2022).
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 Alabama noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Alabama recorded underneath the nation over the 1960s (4.72% vs. 4.82%), outperformed the nation throughout the 1970s (4.53% vs. 3.50%), lagged the nation over the 1980s (2.80% vs. 3.16%), fell under the nation over the 1990s (3.13% vs. 3.27%), trailed the nation during the 2000s (2.03% vs. 2.06%), trailed the nation in the 2010s (1.74% vs. 2.72%), and outpaced the nation over 2020-2022 (2.42% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.13
4.72
4.53
2.80
3.13
2.03
1.74
2.42
-4.00
 
3.23
4.82
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   

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

   
 
Alabama:
Total Personal Income, 1958-2022
 
1958
 
4,732,834
0.151
31,414,005
100.0
N
1.26
1959
 
4,977,031
0.153
32,550,889
103.6
3.62
1.24
1960
 
5,188,262
0.155
33,384,351
106.3
2.56
1.24
1961
 
5,360,086
0.157
34,136,327
108.7
2.25
1.23
1962
 
5,634,112
0.159
35,465,894
112.9
3.89
1.21
1963
 
5,984,079
0.161
37,221,366
118.5
4.95
1.23
1964
 
6,497,590
0.163
39,840,518
126.8
7.04
1.24
1965
 
7,052,426
0.165
42,628,300
135.7
7.00
1.25
1966
 
7,563,851
0.170
44,592,919
142.0
4.61
1.23
1967
 
7,991,770
0.174
45,958,767
146.3
3.06
1.22
1968
 
8,737,454
0.181
48,356,046
153.9
5.22
1.21
1969
 
9,737,715
0.189
51,568,686
164.2
6.64
1.23
1970
 
10,628,318
0.198
53,770,707
171.2
4.27
1.24
1971
 
11,699,341
0.206
56,779,136
180.7
5.59
1.27
1972
 
12,999,098
0.213
61,005,716
194.2
7.44
1.28
1973
 
14,638,867
0.225
65,192,015
207.5
6.86
1.29
1974
 
16,241,055
0.248
65,506,615
208.5
0.48
1.30
1975
 
18,100,116
0.269
67,386,880
214.5
2.87
1.33
1976
 
20,324,056
0.283
71,732,806
228.3
6.45
1.36
1977
 
22,394,893
0.302
74,214,253
236.2
3.46
1.36
1978
 
25,339,922
0.323
78,510,107
249.9
5.79
1.37
1979
 
28,150,828
0.351
80,103,656
255.0
2.03
1.36
1980
 
31,044,372
0.389
79,748,181
253.9
-0.44
1.34
1981
 
34,454,169
0.424
81,231,095
258.6
1.86
1.33
1982
 
36,384,630
0.448
81,268,299
258.7
0.05
1.31
1983
 
38,978,846
0.467
83,509,397
265.8
2.76
1.31
1984
 
42,838,000
0.484
88,437,003
281.5
5.90
1.31
1985
 
46,085,821
0.501
91,936,285
292.7
3.96
1.31
1986
 
48,777,214
0.512
95,232,656
303.2
3.59
1.31
1987
 
51,514,370
0.528
97,561,399
310.6
2.45
1.31
1988
 
55,527,314
0.549
101,207,170
322.2
3.74
1.30
1989
 
60,350,959
0.573
105,396,271
335.5
4.14
1.31
1990
 
64,234,198
0.598
107,459,972
342.1
1.96
1.31
1991
 
67,982,455
0.618
110,050,272
350.3
2.41
1.34
1992
 
73,004,434
0.634
115,112,636
366.4
4.60
1.35
1993
 
76,346,081
0.650
117,455,509
373.9
2.04
1.35
1994
 
80,786,743
0.664
121,747,458
387.6
3.65
1.36
1995
 
85,393,841
0.678
126,035,129
401.2
3.52
1.36
1996
 
89,218,035
0.692
128,922,207
410.4
2.29
1.34
1997
 
93,851,877
0.704
133,299,071
424.3
3.39
1.33
1998
 
99,772,880
0.710
140,590,528
447.5
5.47
1.32
1999
 
103,204,055
0.720
143,336,974
456.3
1.95
1.29
2000
 
108,002,948
0.738
146,301,845
465.7
2.07
1.25
2001
 
111,894,150
0.753
148,593,862
473.0
1.57
1.24
2002
 
115,007,661
0.763
150,748,661
479.9
1.45
1.26
2003
 
120,241,006
0.779
154,364,914
491.4
2.40
1.27
2004
 
128,606,270
0.798
161,106,230
512.8
4.37
1.28
2005
 
136,087,503
0.821
165,703,731
527.5
2.85
1.29
2006
 
144,719,039
0.844
171,386,830
545.6
3.43
1.28
2007
 
151,942,557
0.866
175,439,118
558.5
2.36
1.27
2008
 
157,780,330
0.892
176,943,288
563.3
0.86
1.27
2009
 
155,666,922
0.889
175,062,046
557.3
-1.06
1.29
2010
 
162,068,839
0.905
179,053,891
570.0
2.28
1.29
2011
 
167,882,194
0.928
180,899,739
575.9
1.03
1.26
2012
 
172,101,458
0.945
182,052,445
579.5
0.64
1.24
2013
 
173,720,680
0.958
181,372,798
577.4
-0.37
1.24
2014
 
179,487,109
0.971
184,807,723
588.3
1.89
1.21
2015
 
187,474,744
0.973
192,679,004
613.4
4.26
1.21
2016
 
190,871,820
0.983
194,204,367
618.2
0.79
1.20
2017
 
197,963,769
1.000
197,963,769
630.2
1.94
1.19
2018
 
205,674,190
1.020
201,548,492
641.6
1.81
1.17
2019
 
215,165,840
1.035
207,863,592
661.7
3.13
1.17
2020
 
230,872,566
1.046
220,645,641
702.4
6.15
1.18
2021
 
252,791,890
1.090
231,917,037
738.3
5.11
1.18
2022
 
258,362,172
1.160
222,643,479
708.7
-4.00
1.18
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
 
   

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
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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