Hawaii vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2019
Introduction
Hawaii:
2019 TPI = $81,342,516K
2019 Percent of U.S. = 0.4%
U.S.:
2019 TPI = $18,599,062,366K
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 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.
Hawaii Total Personal Income, 1958-2019
Current vs. Constant Dollars (Millions)
Hawaii Total Personal Income, 1958-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Hawaii's annual total personal income over 1958-2019 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 Hawaii over time.
When measured in current dollars, Hawaii's total personal income increased 6,239.6%, from $1,283M in 1958 to $81,343M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 823.2%, from $8,035M in 1958 to $74,181M in 2019.
Real Total Personal Income Indices (1958=100): 1958-2019
Real Total Personal Income Indices (1958=100): 1958-2019
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 823.2% over 1958-2019 outpaced the United States' increase of 620.1%.
Total Personal Income as a Percent of the United States Total: 1958-2019
Total Personal Income as a Percent of the United States Total: 1958-2019
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of Hawaii is to trace 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 comprised 0.34% of the United States' total personal income, while in 2019 it equated to 0.44% thereby yielding a +0.10% share-shift.
   
 
Total Personal Income Share-Shift
2019 vs. 1958
 
Share-
Shift*
 
2019
vs.
1958
+0.10%
=
0.44%
-
0.34%
 
   
Hawaii Real Total Personal Income:
Annual Percent Change, 1959-2019
Hawaii Real Total Personal Income:
Annual Percent Change, 1959-2019
Figure 4.
Figure 4 shows the short-run pattern of Hawaii's real total personal income growth by tracking the year-to-year percent change over 1959-2019. The average annual percent change for the entire 61-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, Hawaii's real total personal income grew at an annual rate of 3.75% over 1959-2019. The state recorded its highest growth in 1960 (11.56%) and posted its lowest growth in 1996 (-1.99%). In 2019, Hawaii's real total personal income grew by 1.91%
Hawaii Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2019
Hawaii Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2019
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 Hawaii'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, and 2010-2019.
During the 1960s, Hawaii's annual real total personal income growth rate averaged 7.57%. It averaged 4.04% throughout the 1970s, 3.43% in the 1980s, 1.60% throughout the 1990s, 3.00% throughout the 2000s, and 2.29% thus far this decade (2010 to 2019).
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 exceeded the nation over the 1960s (7.57% vs. 4.82%), surpassed the nation during the 1970s (4.04% vs. 3.50%), recorded above the nation during the 1980s (3.43% vs. 3.17%), lagged the nation throughout the 1990s (1.60% vs. 3.29%), outperformed the nation during the 2000s (3.00% vs. 2.05%), and lagged the nation over 2010-2019 (2.29% vs. 2.86%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.75
7.57
4.04
3.43
1.60
3.00
2.29
1.91
 
3.31
4.82
3.50
3.17
3.29
2.05
2.86
2.97
 
   

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

   
 
Hawaii:
Total Personal Income, 1958-2019
 
1958
 
1,283,094
0.160
8,034,905
100.0
N
0.34
1959
 
1,424,494
0.162
8,789,375
109.4
9.39
0.36
1960
 
1,615,288
0.165
9,805,670
122.0
11.56
0.39
1961
 
1,753,714
0.166
10,536,614
131.1
7.45
0.40
1962
 
1,881,043
0.168
11,170,752
139.0
6.02
0.41
1963
 
2,011,024
0.170
11,801,784
146.9
5.65
0.41
1964
 
2,187,731
0.173
12,655,354
157.5
7.23
0.42
1965
 
2,402,277
0.175
13,699,116
170.5
8.25
0.43
1966
 
2,608,324
0.180
14,507,614
180.6
5.90
0.43
1967
 
2,830,642
0.184
15,358,049
191.1
5.86
0.43
1968
 
3,183,757
0.192
16,623,627
206.9
8.24
0.44
1969
 
3,643,173
0.200
18,202,213
226.5
9.50
0.46
1970
 
4,224,922
0.210
20,165,730
251.0
10.79
0.49
1971
 
4,584,077
0.218
20,988,403
261.2
4.08
0.50
1972
 
5,047,834
0.226
22,349,393
278.2
6.48
0.50
1973
 
5,592,618
0.238
23,496,420
292.4
5.13
0.49
1974
 
6,360,651
0.263
24,203,390
301.2
3.01
0.51
1975
 
6,919,030
0.285
24,302,880
302.5
0.41
0.51
1976
 
7,465,926
0.300
24,859,903
309.4
2.29
0.50
1977
 
8,084,039
0.320
25,273,679
314.5
1.66
0.49
1978
 
8,953,923
0.342
26,172,643
325.7
3.56
0.48
1979
 
10,042,788
0.373
26,959,781
335.5
3.01
0.48
1980
 
11,483,936
0.413
27,831,748
346.4
3.23
0.50
1981
 
12,434,061
0.450
27,657,060
344.2
-0.63
0.48
1982
 
13,166,230
0.475
27,744,079
345.3
0.31
0.47
1983
 
14,443,315
0.495
29,193,748
363.3
5.23
0.49
1984
 
15,472,574
0.513
30,135,703
375.1
3.23
0.47
1985
 
16,452,513
0.531
30,964,191
385.4
2.75
0.47
1986
 
17,458,138
0.543
32,157,189
400.2
3.85
0.47
1987
 
18,618,700
0.560
33,269,066
414.1
3.46
0.47
1988
 
20,477,516
0.582
35,214,383
438.3
5.85
0.48
1989
 
22,873,584
0.607
37,689,214
469.1
7.03
0.50
1990
 
24,979,076
0.634
39,427,158
490.7
4.61
0.51
1991
 
26,432,925
0.655
40,372,253
502.5
2.40
0.52
1992
 
28,434,498
0.672
42,301,910
526.5
4.78
0.53
1993
 
29,476,498
0.689
42,786,533
532.5
1.15
0.52
1994
 
30,163,706
0.703
42,888,818
533.8
0.24
0.51
1995
 
30,864,018
0.718
42,979,513
534.9
0.21
0.49
1996
 
30,894,933
0.733
42,122,178
524.2
-1.99
0.46
1997
 
31,907,547
0.746
42,758,328
532.2
1.51
0.45
1998
 
32,531,130
0.752
43,250,279
538.3
1.15
0.43
1999
 
33,657,545
0.763
44,090,158
548.7
1.94
0.42
2000
 
35,682,033
0.782
45,608,785
567.6
3.44
0.41
2001
 
37,204,033
0.797
46,657,846
580.7
2.30
0.41
2002
 
38,954,769
0.808
48,217,912
600.1
3.34
0.43
2003
 
40,791,025
0.824
49,528,916
616.4
2.72
0.43
2004
 
43,977,375
0.844
52,099,104
648.4
5.19
0.44
2005
 
47,306,326
0.868
54,492,842
678.2
4.59
0.45
2006
 
50,701,090
0.892
56,856,359
707.6
4.34
0.45
2007
 
53,423,078
0.914
58,425,466
727.1
2.76
0.45
2008
 
56,059,909
0.942
59,524,219
740.8
1.88
0.45
2009
 
55,690,031
0.941
59,185,528
736.6
-0.57
0.46
2010
 
57,179,141
0.957
59,745,197
743.6
0.95
0.46
2011
 
60,044,624
0.981
61,188,232
761.5
2.42
0.45
2012
 
62,455,917
1.000
62,455,917
777.3
2.07
0.45
2013
 
63,316,600
1.013
62,475,677
777.6
0.03
0.45
2014
 
66,846,123
1.028
65,006,441
809.1
4.05
0.45
2015
 
70,384,467
1.030
68,304,592
850.1
5.07
0.45
2016
 
72,878,649
1.041
70,014,361
871.4
2.50
0.45
2017
 
75,689,488
1.059
71,453,037
889.3
2.05
0.45
2018
 
78,721,133
1.081
72,793,554
906.0
1.88
0.44
2019
 
81,342,516
1.097
74,181,075
923.2
1.91
0.44
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 2020
REAP_PI_SA1400_300_PN
 
   

Tip: 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, 1958-2019
 
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
 
15,709,242,000
1.030
15,245,030,812
647.2
4.63
2016
 
16,111,636,000
1.041
15,478,414,080
657.1
1.53
2017
 
16,870,106,000
1.059
15,925,861,662
676.1
2.89
2018
 
17,813,035,000
1.081
16,471,741,121
699.3
3.43
2019
 
18,599,062,366
1.097
16,961,590,426
720.1
2.97
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 2020
REAP_PI_SA1400_300_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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