Missouri vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2019
Introduction
Missouri:
2019 TPI = $304,346,545K
2019 Percent of U.S. = 1.6%
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 Missouri. 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.
Missouri Total Personal Income, 1958-2019
Current vs. Constant Dollars (Millions)
Missouri Total Personal Income, 1958-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Missouri'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 Missouri over time.
When measured in current dollars, Missouri's total personal income increased 3,347.2%, from $8,829M in 1958 to $304,347M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 402.0%, from $55,287M in 1958 to $277,552M 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 Missouri'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.
Missouri's overall real total personal income growth was 402.0% over 1958-2019 trailed 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 comparing the total personal income growth of Missouri 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, Missouri's total personal income totaled 2.3% of the United States' total personal income, while in 2019 it comprised 1.6% thereby yielding a -0.7% share-shift.
   
 
Total Personal Income Share-Shift
2019 vs. 1958
 
Share-
Shift*
 
2019
vs.
1958
-0.71%
=
1.64%
-
2.35%
 
   
Missouri Real Total Personal Income:
Annual Percent Change, 1959-2019
Missouri Real Total Personal Income:
Annual Percent Change, 1959-2019
Figure 4.
Figure 4 shows the short-run pattern of Missouri'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 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, Missouri's real total personal income grew at an annual rate of 2.70% over 1959-2019. The state recorded its highest growth in 1965 (7.19%) and recorded its lowest growth in 1974 (-3.09%). In 2019, Missouri's real total personal income grew by 2.61%
Missouri Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2019
Missouri 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 Missouri'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 2010-2019.
During the 1960s, Missouri's annual real total personal income growth rate averaged 3.91%. It averaged 3.08% in the 1970s, 2.45% during the 1980s, 2.88% during the 1990s, 1.77% in the 2000s, and 1.94% 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 Missouri noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Missouri posted below the nation during the 1960s (3.91% vs. 4.82%), fell under the nation in the 1970s (3.08% vs. 3.50%), fell under the nation in the 1980s (2.45% vs. 3.17%), fell under the nation over the 1990s (2.88% vs. 3.29%), trailed the nation during the 2000s (1.77% vs. 2.05%), and posted below the nation over 2010-2019 (1.94% vs. 2.86%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.70
3.91
3.08
2.45
2.88
1.77
1.94
2.61
 
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.

   
 
Missouri:
Total Personal Income, 1958-2019
 
1958
 
8,828,756
0.160
55,286,843
100.0
N
2.35
1959
 
9,350,234
0.162
57,692,565
104.4
4.35
2.34
1960
 
9,629,682
0.165
58,457,367
105.7
1.33
2.31
1961
 
9,955,280
0.166
59,813,026
108.2
2.32
2.28
1962
 
10,488,742
0.168
62,288,390
112.7
4.14
2.26
1963
 
11,002,316
0.170
64,567,582
116.8
3.66
2.26
1964
 
11,619,622
0.173
67,215,954
121.6
4.10
2.22
1965
 
12,634,817
0.175
72,050,736
130.3
7.19
2.24
1966
 
13,535,764
0.180
75,286,523
136.2
4.49
2.21
1967
 
14,407,447
0.184
78,169,644
141.4
3.83
2.19
1968
 
15,949,874
0.192
83,280,462
150.6
6.54
2.21
1969
 
16,912,485
0.200
84,499,051
152.8
1.46
2.14
1970
 
18,479,482
0.210
88,203,341
159.5
4.38
2.16
1971
 
19,938,913
0.218
91,291,209
165.1
3.50
2.16
1972
 
21,682,224
0.226
95,998,512
173.6
5.16
2.13
1973
 
24,089,650
0.238
101,208,512
183.1
5.43
2.13
1974
 
25,774,725
0.263
98,077,340
177.4
-3.09
2.07
1975
 
28,212,715
0.285
99,096,294
179.2
1.04
2.07
1976
 
30,912,024
0.300
102,930,288
186.2
3.87
2.07
1977
 
34,252,401
0.320
107,085,603
193.7
4.04
2.07
1978
 
38,129,735
0.342
111,454,605
201.6
4.08
2.05
1979
 
42,513,848
0.373
114,128,072
206.4
2.40
2.05
1980
 
46,120,241
0.413
111,774,129
202.2
-2.06
1.99
1981
 
51,516,587
0.450
114,588,253
207.3
2.52
1.99
1982
 
55,083,525
0.475
116,072,836
209.9
1.30
1.98
1983
 
58,757,912
0.495
118,765,234
214.8
2.32
1.98
1984
 
65,189,289
0.513
126,968,212
229.7
6.91
1.99
1985
 
69,743,973
0.531
131,260,536
237.4
3.38
1.99
1986
 
73,416,857
0.543
135,230,903
244.6
3.02
1.97
1987
 
77,345,852
0.560
138,206,440
250.0
2.20
1.96
1988
 
82,131,486
0.582
141,238,304
255.5
2.19
1.92
1989
 
88,040,042
0.607
145,065,154
262.4
2.71
1.91
1990
 
91,909,039
0.634
145,069,906
262.4
0.00
1.88
1991
 
95,964,054
0.655
146,570,424
265.1
1.03
1.89
1992
 
102,138,919
0.672
151,951,738
274.8
3.67
1.89
1993
 
106,821,070
0.689
155,055,841
280.5
2.04
1.89
1994
 
113,391,093
0.703
161,227,205
291.6
3.98
1.91
1995
 
119,590,208
0.718
166,534,665
301.2
3.29
1.90
1996
 
126,668,265
0.733
172,699,622
312.4
3.70
1.90
1997
 
134,328,093
0.746
180,008,969
325.6
4.23
1.90
1998
 
141,158,193
0.752
187,670,433
339.4
4.26
1.86
1999
 
146,923,424
0.763
192,464,335
348.1
2.55
1.84
2000
 
157,009,200
0.782
200,689,206
363.0
4.27
1.82
2001
 
161,989,240
0.797
203,151,872
367.5
1.23
1.80
2002
 
165,665,484
0.808
205,059,456
370.9
0.94
1.81
2003
 
171,751,118
0.824
208,542,119
377.2
1.70
1.81
2004
 
180,801,720
0.844
214,192,131
387.4
2.71
1.80
2005
 
187,528,663
0.868
216,016,983
390.7
0.85
1.77
2006
 
198,791,575
0.892
222,925,488
403.2
3.20
1.75
2007
 
208,403,566
0.914
227,917,896
412.2
2.24
1.74
2008
 
219,503,349
0.942
233,067,901
421.6
2.26
1.76
2009
 
215,681,804
0.941
229,219,508
414.6
-1.65
1.79
2010
 
220,788,141
0.957
230,696,558
417.3
0.64
1.76
2011
 
230,429,734
0.981
234,818,492
424.7
1.79
1.73
2012
 
241,762,688
1.000
241,762,688
437.3
2.96
1.73
2013
 
243,582,342
1.013
240,347,268
434.7
-0.59
1.72
2014
 
252,999,728
1.028
246,036,884
445.0
2.37
1.69
2015
 
261,666,491
1.030
253,934,195
459.3
3.21
1.67
2016
 
269,880,482
1.041
259,273,599
469.0
2.10
1.68
2017
 
279,433,435
1.059
263,793,140
477.1
1.74
1.66
2018
 
292,512,822
1.081
270,487,061
489.2
2.54
1.64
2019
 
304,346,545
1.097
277,551,704
502.0
2.61
1.64
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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