Kentucky vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022
Introduction
Kentucky vs. United States
Kentucky:
2022 TPI = $234,281,888K
2022 Percent of U.S. = 1.07%
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 Kentucky. 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.
Kentucky Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Kentucky Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Kentucky'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 Kentucky over time.
When measured in current dollars, Kentucky's total personal income increased 4,718.04%, from $4,863M in 1959 to $234,282M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 534.83%, from $31,802M in 1959 to $201,892M 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 Kentucky'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.
Kentucky's overall real total personal income growth was 557.92% 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 highlighting the total personal income growth of Kentucky 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, Kentucky's total personal income comprised 1.23% of the United States' total personal income, while in 2022 it comprised 1.07% thereby yielding a -0.16% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
-0.16%
=
1.07%
-
1.23%
 
   
Kentucky Real Total Personal Income:
Annual Percent Change, 1959-2022
Kentucky Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 highlights the short-run pattern of Kentucky'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, Kentucky's real total personal income grew at an annual rate of 3.02% over 1959-2022. The state posted its highest growth in 1984 (7.52%) and recorded its lowest growth in 2022 (-5.29%). In 2022, Kentucky's real total personal income declined by -5.29%
Kentucky Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Kentucky 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 Kentucky'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, Kentucky's annual real total personal income growth rate averaged 4.94%. It averaged 4.29% during the 1970s, 1.99% during the 1980s, 3.16% throughout the 1990s, 1.92% throughout the 2000s, 1.91% in the 2010s, 2.41% 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 Kentucky noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Kentucky registered above the nation over the 1960s (4.94% vs. 4.82%), topped the nation in the 1970s (4.29% vs. 3.50%), lagged the nation during the 1980s (1.99% vs. 3.16%), fell below the nation over the 1990s (3.16% vs. 3.27%), lagged the nation in the 2000s (1.92% vs. 2.06%), lagged the nation during the 2010s (1.91% vs. 2.72%), and outpaced the nation over 2020-2022 (2.41% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.02
4.94
4.29
1.99
3.16
1.92
1.91
2.41
-5.29
 
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.

   
 
Kentucky:
Total Personal Income, 1958-2022
 
1958
 
4,623,198
0.151
30,686,300
100.0
N
1.23
1959
 
4,862,602
0.153
31,802,498
103.6
3.64
1.21
1960
 
5,022,016
0.155
32,314,626
105.3
1.61
1.20
1961
 
5,346,005
0.157
34,046,650
111.0
5.36
1.23
1962
 
5,677,786
0.159
35,740,816
116.5
4.98
1.22
1963
 
5,967,887
0.161
37,120,651
121.0
3.86
1.22
1964
 
6,225,454
0.163
38,171,893
124.4
2.83
1.19
1965
 
6,749,598
0.165
40,797,860
133.0
6.88
1.20
1966
 
7,379,420
0.170
43,505,601
141.8
6.64
1.20
1967
 
7,987,572
0.174
45,934,625
149.7
5.58
1.22
1968
 
8,731,440
0.181
48,322,763
157.5
5.20
1.21
1969
 
9,711,706
0.189
51,430,948
167.6
6.43
1.23
1970
 
10,534,849
0.198
53,297,830
173.7
3.63
1.23
1971
 
11,466,051
0.206
55,646,935
181.3
4.41
1.24
1972
 
12,679,771
0.213
59,507,091
193.9
6.94
1.25
1973
 
14,252,540
0.225
63,471,565
206.8
6.66
1.26
1974
 
16,052,187
0.248
64,744,835
211.0
2.01
1.29
1975
 
17,479,191
0.269
65,075,171
212.1
0.51
1.28
1976
 
19,544,359
0.283
68,980,902
224.8
6.00
1.31
1977
 
21,933,925
0.302
72,686,655
236.9
5.37
1.33
1978
 
24,444,005
0.323
75,734,307
246.8
4.19
1.32
1979
 
27,454,302
0.351
78,121,680
254.6
3.15
1.32
1980
 
29,879,523
0.389
76,755,865
250.1
-1.75
1.29
1981
 
33,220,541
0.424
78,322,624
255.2
2.04
1.28
1982
 
35,387,079
0.448
79,040,180
257.6
0.92
1.27
1983
 
36,765,030
0.467
78,766,454
256.7
-0.35
1.24
1984
 
41,024,190
0.484
84,692,479
276.0
7.52
1.25
1985
 
42,799,341
0.501
85,380,109
278.2
0.81
1.22
1986
 
44,002,089
0.512
85,909,700
280.0
0.62
1.18
1987
 
46,347,070
0.528
87,775,217
286.0
2.17
1.18
1988
 
50,536,886
0.549
92,111,339
300.2
4.94
1.19
1989
 
54,313,733
0.573
94,852,924
309.1
2.98
1.18
1990
 
57,664,576
0.598
96,469,387
314.4
1.70
1.18
1991
 
60,894,857
0.618
98,576,840
321.2
2.18
1.20
1992
 
65,508,425
0.634
103,293,007
336.6
4.78
1.21
1993
 
68,068,630
0.650
104,720,969
341.3
1.38
1.21
1994
 
71,532,496
0.664
107,801,097
351.3
2.94
1.21
1995
 
74,960,257
0.678
110,635,914
360.5
2.63
1.19
1996
 
79,482,505
0.692
114,854,132
374.3
3.81
1.19
1997
 
84,466,334
0.704
119,968,659
391.0
4.45
1.19
1998
 
89,403,051
0.710
125,978,343
410.5
5.01
1.18
1999
 
93,174,966
0.720
129,407,878
421.7
2.72
1.17
2000
 
100,475,073
0.738
136,104,512
443.5
5.17
1.17
2001
 
103,997,797
0.753
138,107,616
450.1
1.47
1.16
2002
 
106,551,862
0.763
139,665,048
455.1
1.13
1.16
2003
 
109,765,865
0.779
140,916,971
459.2
0.90
1.16
2004
 
116,214,070
0.798
145,582,409
474.4
3.31
1.16
2005
 
121,734,486
0.821
148,227,119
483.0
1.82
1.15
2006
 
128,584,095
0.844
152,278,653
496.2
2.73
1.14
2007
 
134,209,937
0.866
154,964,307
505.0
1.76
1.13
2008
 
140,837,674
0.892
157,942,889
514.7
1.92
1.13
2009
 
138,999,735
0.889
156,318,232
509.4
-1.03
1.15
2010
 
144,335,559
0.905
159,462,137
519.7
2.01
1.15
2011
 
151,379,896
0.928
163,117,857
531.6
2.29
1.14
2012
 
156,564,902
0.945
165,617,558
539.7
1.53
1.13
2013
 
157,905,375
0.958
164,860,854
537.2
-0.46
1.12
2014
 
164,862,106
0.971
169,749,185
553.2
2.97
1.12
2015
 
172,269,382
0.973
177,051,544
577.0
4.30
1.11
2016
 
175,275,581
0.983
178,335,824
581.2
0.73
1.10
2017
 
180,836,063
1.000
180,836,063
589.3
1.40
1.09
2018
 
186,931,085
1.020
183,181,363
596.9
1.30
1.07
2019
 
195,419,696
1.035
188,787,588
615.2
3.06
1.07
2020
 
211,966,801
1.046
202,577,341
660.2
7.30
1.08
2021
 
232,362,631
1.090
213,174,770
694.7
5.23
1.09
2022
 
234,281,888
1.160
201,892,305
657.9
-5.29
1.07
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.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, US-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.