Hawaii vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022
Introduction
Hawaii vs. United States
Hawaii:
2022 TPI = $88,973,337K
2022 Percent of U.S. = 0.41%
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 Hawaii. 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.
Hawaii Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Hawaii Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Hawaii'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 Hawaii over time.
When measured in current dollars, Hawaii's total personal income increased 6,145.96%, from $1,424M in 1959 to $88,973M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 722.98%, from $9,317M in 1959 to $76,673M in 2022.
Real Total Personal Income Indices (1958=100): 1958-2022
Real Total Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 shows Hawaii'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.
Hawaii's overall real total personal income growth was 800.29% over 1958-2022 outpaced 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 contrasting the total personal income growth of Hawaii 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, Hawaii's total personal income totaled 0.34% of the United States' total personal income, while in 2022 it totaled 0.41% thereby yielding a +0.07% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
+0.07%
=
0.41%
-
0.34%
 
   
Hawaii Real Total Personal Income:
Annual Percent Change, 1959-2022
Hawaii Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 displays the short-run pattern of Hawaii'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, Hawaii's real total personal income grew at an annual rate of 3.54% over 1959-2022. The state recorded its highest growth in 1960 (11.56%) and recorded its lowest growth in 2022 (-6.04%). In 2022, Hawaii's real total personal income declined by -6.04%
Hawaii Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Hawaii 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 shows the annual percent change in Hawaii'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, Hawaii's annual real total personal income growth rate averaged 7.57%. It averaged 4.04% in the 1970s, 3.42% in the 1980s, 1.54% during the 1990s, 3.00% throughout the 2000s, 2.00% in the 2010s, 0.45% 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 Hawaii noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Hawaii outpaced the nation over the 1960s (7.57% vs. 4.82%), recorded above the nation over the 1970s (4.04% vs. 3.50%), recorded above the nation throughout the 1980s (3.42% vs. 3.16%), trailed the nation during the 1990s (1.54% vs. 3.27%), recorded above the nation over the 2000s (3.00% vs. 2.06%), recorded underneath the nation throughout the 2010s (2.00% vs. 2.72%), and posted below the nation over 2020-2022 (0.45% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.54
7.57
4.04
3.42
1.54
3.00
2.00
0.45
-6.04
 
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.

   
 
Hawaii:
Total Personal Income, 1958-2022
 
1958
 
1,283,094
0.151
8,516,487
100.0
N
0.34
1959
 
1,424,494
0.153
9,316,508
109.4
9.39
0.36
1960
 
1,615,288
0.155
10,393,720
122.0
11.56
0.39
1961
 
1,753,714
0.157
11,168,730
131.1
7.46
0.40
1962
 
1,881,043
0.159
11,840,885
139.0
6.02
0.41
1963
 
2,011,024
0.161
12,508,702
146.9
5.64
0.41
1964
 
2,187,731
0.163
13,414,256
157.5
7.24
0.42
1965
 
2,402,277
0.165
14,520,533
170.5
8.25
0.43
1966
 
2,608,324
0.170
15,377,455
180.6
5.90
0.43
1967
 
2,830,642
0.174
16,278,348
191.1
5.86
0.43
1968
 
3,183,757
0.181
17,619,996
206.9
8.24
0.44
1969
 
3,643,173
0.189
19,293,401
226.5
9.50
0.46
1970
 
4,224,922
0.198
21,374,694
251.0
10.79
0.49
1971
 
4,584,077
0.206
22,247,401
261.2
4.08
0.50
1972
 
5,047,834
0.213
23,689,854
278.2
6.48
0.50
1973
 
5,592,618
0.225
24,905,892
292.4
5.13
0.49
1974
 
6,360,651
0.248
25,655,028
301.2
3.01
0.51
1975
 
6,919,030
0.269
25,759,605
302.5
0.41
0.51
1976
 
7,465,926
0.283
26,350,637
309.4
2.29
0.50
1977
 
8,084,039
0.302
26,789,631
314.6
1.67
0.49
1978
 
8,953,923
0.323
27,741,737
325.7
3.55
0.48
1979
 
10,043,646
0.351
28,579,364
335.6
3.02
0.48
1980
 
11,488,240
0.389
29,511,508
346.5
3.26
0.50
1981
 
12,428,268
0.424
29,301,587
344.1
-0.71
0.48
1982
 
13,160,145
0.448
29,394,351
345.1
0.32
0.47
1983
 
14,446,790
0.467
30,951,217
363.4
5.30
0.49
1984
 
15,457,731
0.484
31,911,747
374.7
3.10
0.47
1985
 
16,446,468
0.501
32,808,945
385.2
2.81
0.47
1986
 
17,452,179
0.512
34,073,643
400.1
3.85
0.47
1987
 
18,560,772
0.528
35,151,646
412.7
3.16
0.47
1988
 
20,464,837
0.549
37,300,350
438.0
6.11
0.48
1989
 
22,855,530
0.573
39,914,654
468.7
7.01
0.50
1990
 
24,977,065
0.598
41,785,136
490.6
4.69
0.51
1991
 
26,454,570
0.618
42,824,764
502.8
2.49
0.52
1992
 
28,421,050
0.634
44,814,018
526.2
4.65
0.53
1993
 
29,455,484
0.650
45,316,129
532.1
1.12
0.52
1994
 
30,134,945
0.664
45,414,047
533.2
0.22
0.51
1995
 
30,825,954
0.678
45,496,877
534.2
0.18
0.49
1996
 
30,840,471
0.692
44,565,223
523.3
-2.05
0.46
1997
 
31,735,794
0.704
45,074,771
529.3
1.14
0.45
1998
 
32,355,666
0.710
45,592,551
535.3
1.15
0.43
1999
 
33,425,568
0.720
46,423,755
545.1
1.82
0.42
2000
 
35,403,074
0.738
47,957,349
563.1
3.30
0.41
2001
 
36,996,752
0.753
49,131,168
576.9
2.45
0.41
2002
 
38,865,557
0.763
50,943,830
598.2
3.69
0.42
2003
 
40,734,228
0.779
52,294,436
614.0
2.65
0.43
2004
 
43,729,204
0.798
54,779,967
643.2
4.75
0.44
2005
 
46,898,050
0.821
57,104,302
670.5
4.24
0.44
2006
 
50,182,645
0.844
59,429,944
697.8
4.07
0.44
2007
 
53,022,490
0.866
61,221,945
718.9
3.02
0.44
2008
 
55,802,589
0.892
62,580,003
734.8
2.22
0.45
2009
 
55,408,952
0.889
62,312,561
731.7
-0.43
0.46
2010
 
56,649,440
0.905
62,586,384
734.9
0.44
0.45
2011
 
59,226,400
0.928
63,818,801
749.4
1.97
0.45
2012
 
61,161,571
0.945
64,697,962
759.7
1.38
0.44
2013
 
61,983,441
0.958
64,713,713
759.9
0.02
0.44
2014
 
65,182,153
0.971
67,114,376
788.1
3.71
0.44
2015
 
68,200,770
0.973
70,094,009
823.0
4.44
0.44
2016
 
70,744,808
0.983
71,979,985
845.2
2.69
0.45
2017
 
73,646,392
1.000
73,646,392
864.8
2.32
0.44
2018
 
75,266,429
1.020
73,756,631
866.0
0.15
0.43
2019
 
78,551,759
1.035
75,885,888
891.0
2.89
0.43
2020
 
82,761,296
1.046
79,095,232
928.7
4.23
0.42
2021
 
88,947,977
1.090
81,602,900
958.2
3.17
0.42
2022
 
88,973,337
1.160
76,672,731
900.3
-6.04
0.41
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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