Georgia vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2020
Introduction
Georgia vs. United States
Georgia:
2020 TPI = $547,976,194K
2020 Percent of U.S. = 2.8%
U.S.:
2020 TPI = $19,679,715,147K
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 2012 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.
Georgia Total Personal Income, 1959-2020
Current vs. Constant Dollars (Millions)
Georgia Total Personal Income, 1959-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Georgia's annual total personal income over 1959-2020 in current and constant (2012) 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 8,188.9%, from $6,611M in 1959 to $547,976M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 1,108.6%, from $40,791M in 1959 to $492,988M in 2020.
Real Total Personal Income Indices (1958=100): 1958-2020
Real Total Personal Income Indices (1958=100): 1958-2020
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 1,169.0% over 1958-2020 outpaced the United States' increase of 651.6%.
Total Personal Income as a Percent of the United States Total: 1958-2020
Total Personal Income as a Percent of the United States Total: 1958-2020
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of Georgia 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, Georgia's total personal income totaled 1.6% of the United States' total personal income, while in 2020 it totaled 2.8% thereby yielding a +1.1% share-shift.
   
 
Total Personal Income Share-Shift
2020 vs. 1958
 
Share-
Shift*
 
2020
vs.
1958
+1.14%
=
2.78%
-
1.65%
 
   
Georgia Real Total Personal Income:
Annual Percent Change, 1959-2020
Georgia Real Total Personal Income:
Annual Percent Change, 1959-2020
Figure 4.
Figure 4 highlights the short-run pattern of Georgia's real total personal income growth by tracking the year-to-year percent change over 1959-2020. The average annual percent change for the entire 62-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 4.21% over 1959-2020. The state recorded its highest growth in 1984 (9.26%) and recorded its lowest growth in 2008 (-2.27%). In 2020, Georgia's real total personal income grew by 5.74%
Georgia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2020
Georgia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2020
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 overlayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010-2020.
During the 1960s, Georgia's annual real total personal income growth rate averaged 6.27%. It averaged 4.30% throughout the 1970s, 4.67% in the 1980s, 4.87% during the 1990s, 1.96% during the 2000s, and 2.98% thus far this decade (2010 to 2020).
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 recorded above the nation during the 1960s (6.27% vs. 4.82%), led the nation over the 1970s (4.30% vs. 3.50%), recorded above the nation during the 1980s (4.67% vs. 3.17%), outpaced the nation during the 1990s (4.87% vs. 3.29%), trailed the nation during the 2000s (1.96% vs. 2.05%), and exceeded the nation over 2010-2020 (2.98% vs. 2.81%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.21
6.27
4.30
4.67
4.87
1.96
2.98
5.74
 
3.32
4.82
3.50
3.17
3.29
2.05
2.81
4.89
 
   

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, 1958-2020
 
1958
 
6,203,862
0.160
38,849,408
100.0
N
1.65
1959
 
6,610,930
0.162
40,790,584
105.0
5.00
1.65
1960
 
6,917,526
0.165
41,993,116
108.1
2.95
1.66
1961
 
7,221,349
0.166
43,387,100
111.7
3.32
1.66
1962
 
7,768,245
0.168
46,132,460
118.7
6.33
1.67
1963
 
8,445,324
0.170
49,561,761
127.6
7.43
1.73
1964
 
9,145,250
0.173
52,902,470
136.2
6.74
1.75
1965
 
10,099,354
0.175
57,592,119
148.2
8.86
1.79
1966
 
11,143,592
0.180
61,981,156
159.5
7.62
1.82
1967
 
12,120,397
0.184
65,760,930
169.3
6.10
1.85
1968
 
13,381,445
0.192
69,869,700
179.8
6.25
1.86
1969
 
14,980,053
0.200
74,844,132
192.7
7.12
1.89
1970
 
16,310,397
0.210
77,850,208
200.4
4.02
1.91
1971
 
18,009,654
0.218
82,458,010
212.3
5.92
1.95
1972
 
20,206,129
0.226
89,463,070
230.3
8.50
1.99
1973
 
22,848,185
0.238
95,992,711
247.1
7.30
2.02
1974
 
25,067,819
0.263
95,387,439
245.5
-0.63
2.01
1975
 
27,084,317
0.285
95,132,831
244.9
-0.27
1.99
1976
 
30,146,592
0.300
100,381,566
258.4
5.52
2.02
1977
 
33,332,134
0.320
104,208,510
268.2
3.81
2.02
1978
 
37,818,959
0.342
110,546,196
284.6
6.08
2.04
1979
 
42,321,274
0.373
113,611,108
292.4
2.77
2.04
1980
 
47,192,827
0.413
114,373,581
294.4
0.67
2.04
1981
 
53,458,827
0.450
118,908,374
306.1
3.96
2.06
1982
 
57,866,802
0.475
121,937,799
313.9
2.55
2.08
1983
 
63,379,476
0.495
128,106,634
329.8
5.06
2.13
1984
 
71,862,580
0.513
139,965,682
360.3
9.26
2.19
1985
 
78,685,453
0.531
148,088,706
381.2
5.80
2.24
1986
 
85,846,419
0.543
158,125,657
407.0
6.78
2.31
1987
 
92,434,090
0.560
165,167,054
425.1
4.45
2.34
1988
 
100,796,670
0.582
173,336,091
446.2
4.95
2.36
1989
 
108,619,295
0.607
178,973,958
460.7
3.25
2.36
1990
 
116,149,869
0.634
183,331,811
471.9
2.43
2.37
1991
 
121,895,048
0.655
186,176,054
479.2
1.55
2.41
1992
 
131,979,043
0.672
196,344,793
505.4
5.46
2.44
1993
 
140,173,332
0.689
203,468,229
523.7
3.63
2.48
1994
 
150,941,952
0.703
214,619,582
552.4
5.48
2.54
1995
 
162,948,300
0.718
226,912,729
584.1
5.73
2.59
1996
 
176,085,673
0.733
240,075,359
618.0
5.80
2.64
1997
 
187,547,917
0.746
251,327,228
646.9
4.69
2.65
1998
 
205,702,412
0.752
273,482,254
704.0
8.82
2.71
1999
 
219,456,642
0.763
287,480,209
740.0
5.12
2.74
2000
 
237,444,851
0.782
303,502,078
781.2
5.57
2.74
2001
 
249,221,073
0.797
312,549,942
804.5
2.98
2.77
2002
 
256,188,816
0.808
317,108,537
816.3
1.46
2.80
2003
 
265,611,887
0.824
322,508,909
830.2
1.70
2.80
2004
 
280,261,986
0.844
332,020,692
854.6
2.95
2.79
2005
 
297,505,555
0.868
342,700,957
882.1
3.22
2.81
2006
 
317,584,337
0.892
356,140,060
916.7
3.92
2.79
2007
 
332,135,843
0.914
363,236,120
935.0
1.99
2.77
2008
 
334,334,519
0.942
354,995,242
913.8
-2.27
2.69
2009
 
327,516,282
0.941
348,073,503
896.0
-1.95
2.72
2010
 
335,268,373
0.957
350,314,375
901.7
0.64
2.67
2011
 
358,538,631
0.981
365,367,347
940.5
4.30
2.69
2012
 
368,868,130
1.000
368,868,130
949.5
0.96
2.64
2013
 
374,489,175
1.013
369,515,496
951.1
0.18
2.64
2014
 
400,696,086
1.028
389,668,468
1,003.0
5.45
2.67
2015
 
425,498,417
1.030
412,932,870
1,062.9
5.97
2.71
2016
 
441,905,522
1.041
424,415,365
1,092.5
2.78
2.74
2017
 
467,359,394
1.060
440,971,650
1,135.1
3.90
2.76
2018
 
493,575,923
1.082
456,005,620
1,173.8
3.41
2.77
2019
 
512,137,896
1.099
466,211,410
1,200.0
2.24
2.76
2020
 
547,976,194
1.112
492,988,281
1,269.0
5.74
2.78
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
March 2021
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, 1958-2020
 
1958
 
376,151,280
0.160
2,355,509,299
100.0
N
1959
 
400,328,786
0.162
2,470,098,019
104.9
4.86
1960
 
417,700,000
0.165
2,535,664,421
107.6
2.65
1961
 
436,047,000
0.166
2,619,844,989
111.2
3.32
1962
 
464,000,000
0.168
2,755,508,047
117.0
5.18
1963
 
487,780,000
0.170
2,862,558,685
121.5
3.88
1964
 
522,633,000
0.173
3,023,271,823
128.3
5.61
1965
 
564,444,000
0.175
3,218,772,810
136.6
6.47
1966
 
612,713,000
0.180
3,407,937,038
144.7
5.88
1967
 
656,828,000
0.184
3,563,713,309
151.3
4.57
1968
 
720,877,000
0.192
3,763,977,653
159.8
5.62
1969
 
791,229,000
0.200
3,953,180,115
167.8
5.03
1970
 
855,525,000
0.210
4,083,456,637
173.4
3.30
1971
 
924,613,000
0.218
4,233,382,171
179.7
3.67
1972
 
1,016,408,000
0.226
4,500,168,246
191.0
6.30
1973
 
1,133,468,000
0.238
4,762,070,414
202.2
5.82
1974
 
1,244,912,000
0.263
4,737,108,067
201.1
-0.52
1975
 
1,362,505,000
0.285
4,785,756,937
203.2
1.03
1976
 
1,495,704,000
0.300
4,980,367,608
211.4
4.07
1977
 
1,651,632,000
0.320
5,163,609,079
219.2
3.68
1978
 
1,855,849,000
0.342
5,424,714,273
230.3
5.06
1979
 
2,073,257,000
0.373
5,565,641,191
236.3
2.60
1980
 
2,313,160,000
0.413
5,606,029,761
238.0
0.73
1981
 
2,592,915,000
0.450
5,767,416,255
244.8
2.88
1982
 
2,779,794,000
0.475
5,857,623,904
248.7
1.56
1983
 
2,968,676,000
0.495
6,000,477,018
254.7
2.44
1984
 
3,279,488,000
0.513
6,387,410,163
271.2
6.45
1985
 
3,510,471,000
0.531
6,606,826,138
280.5
3.44
1986
 
3,719,647,000
0.543
6,851,440,413
290.9
3.70
1987
 
3,946,593,000
0.560
7,052,020,942
299.4
2.93
1988
 
4,267,813,000
0.582
7,339,191,072
311.6
4.07
1989
 
4,609,667,000
0.607
7,595,430,878
322.5
3.49
1990
 
4,897,821,000
0.634
7,730,756,846
328.2
1.78
1991
 
5,067,291,000
0.655
7,739,512,471
328.6
0.11
1992
 
5,409,920,000
0.672
8,048,320,390
341.7
3.99
1993
 
5,648,732,000
0.689
8,199,401,963
348.1
1.88
1994
 
5,940,128,000
0.703
8,446,079,909
358.6
3.01
1995
 
6,286,143,000
0.718
8,753,732,715
371.6
3.64
1996
 
6,673,186,000
0.733
9,098,227,579
386.3
3.94
1997
 
7,086,935,000
0.746
9,496,984,844
403.2
4.38
1998
 
7,601,594,000
0.752
10,106,352,372
429.1
6.42
1999
 
8,001,563,000
0.763
10,481,756,137
445.0
3.71
2000
 
8,650,325,000
0.782
11,056,847,958
469.4
5.49
2001
 
9,001,839,000
0.797
11,289,271,113
479.3
2.10
2002
 
9,155,663,000
0.808
11,332,808,922
481.1
0.39
2003
 
9,480,901,000
0.824
11,511,815,488
488.7
1.58
2004
 
10,028,781,000
0.844
11,880,893,485
504.4
3.21
2005
 
10,593,946,000
0.868
12,203,319,818
518.1
2.71
2006
 
11,372,589,000
0.892
12,753,256,555
541.4
4.51
2007
 
12,002,204,000
0.914
13,126,057,000
557.2
2.92
2008
 
12,438,527,000
0.942
13,207,185,177
560.7
0.62
2009
 
12,051,307,000
0.941
12,807,731,630
543.7
-3.02
2010
 
12,541,995,000
0.957
13,104,848,232
556.3
2.32
2011
 
13,315,478,000
0.981
13,569,084,183
576.1
3.54
2012
 
13,998,383,000
1.000
13,998,383,000
594.3
3.16
2013
 
14,175,503,000
1.013
13,987,234,819
593.8
-0.08
2014
 
14,982,715,000
1.028
14,570,373,432
618.6
4.17
2015
 
15,717,140,000
1.030
15,252,991,470
647.5
4.68
2016
 
16,151,881,000
1.041
15,512,606,487
658.6
1.70
2017
 
16,937,582,000
1.060
15,981,263,210
678.5
3.02
2018
 
17,839,255,000
1.082
16,481,356,073
699.7
3.13
2019
 
18,542,262,000
1.099
16,879,465,822
716.6
2.42
2020
 
19,679,715,147
1.112
17,704,909,537
751.6
4.89
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
March 2021
REAP_PI_SA1400_300_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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