North Dakota vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2018
Introduction
North Dakota:
2018 TPI = $41,276,514K
2018 Percent of U.S. = 0.2%
U.S.:
2018 TPI = $17,572,929,097K
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 North Dakota. 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 Chain-Weight 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.
North Dakota Total Personal Income, 1958-2018
Current vs. Constant Dollars (Millions)
North Dakota Total Personal Income, 1958-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts North Dakota's annual total personal income over 1958-2018 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 North Dakota over time.
When measured in current dollars, North Dakota's total personal income increased 3,426.8%, from $1,170M in 1958 to $41,277M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 420.4%, from $7,329M in 1958 to $38,138M in 2018.
Real Total Personal Income Indices (1958=100): 1958-2018
Real Total Personal Income Indices (1958=100): 1958-2018
Figure 2.
Figure 2 shows North Dakota'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.
North Dakota's overall real total personal income growth was 420.4% over 1958-2018 trailed the United States' increase of 589.3%.
Total Personal Income as a Percent of the United States Total: 1958-2018
Total Personal Income as a Percent of the United States Total: 1958-2018
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of North Dakota 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, North Dakota's total personal income comprised 0.31% of the United States' total personal income, while in 2018 it equated to 0.23% thereby yielding a -0.08% share-shift.
   
 
Total Personal Income Share-Shift
2018 vs. 1958
 
Share-
Shift*
 
2018
vs.
1958
-0.08%
=
0.23%
-
0.31%
 
   
North Dakota Real Total Personal Income:
Annual Percent Change, 1959-2018
North Dakota Real Total Personal Income:
Annual Percent Change, 1959-2018
Figure 4.
Figure 4 shows the short-run pattern of North Dakota's real total personal income growth by tracking the year-to-year percent change over 1959-2018. The average annual percent change for the entire 60-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, North Dakota's real total personal income grew at an annual rate of 3.18% over 1959-2018. The state posted its highest growth in 1962 (38.55%) and posted its lowest growth in 1980 (-13.61%). In 2018, North Dakota's real total personal income grew by 2.46%
North Dakota Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2018
North Dakota Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2018
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 illustrates the annual percent change in North Dakota'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 2010-2018.
During the 1960s, North Dakota's annual real total personal income growth rate averaged 4.80%. It averaged 4.81% throughout the 1970s, 0.93% in the 1980s, 2.72% in the 1990s, 3.44% in the 2000s, and 3.61% thus far this decade (2010 to 2018).
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 North Dakota noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, North Dakota fell below the nation in the 1960s (4.80% vs. 4.82%), outpaced the nation during the 1970s (4.81% vs. 3.50%), trailed the nation throughout the 1980s (0.93% vs. 3.17%), posted below the nation over the 1990s (2.72% vs. 3.29%), topped the nation throughout the 2000s (3.44% vs. 2.05%), and recorded above the nation over 2010-2018 (3.61% vs. 2.68%).

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

   
 
North Dakota:
Total Personal Income, 1958-2018
 
1958
 
1,170,366
0.160
7,328,987
100.0
N
0.31
1959
 
1,085,596
0.162
6,698,316
91.4
-8.61
0.27
1960
 
1,210,253
0.165
7,346,889
100.2
9.68
0.29
1961
 
1,109,242
0.166
6,664,516
90.9
-9.29
0.25
1962
 
1,554,904
0.168
9,233,945
126.0
38.55
0.34
1963
 
1,448,231
0.170
8,499,008
116.0
-7.96
0.30
1964
 
1,440,731
0.173
8,334,188
113.7
-1.94
0.28
1965
 
1,677,209
0.175
9,564,376
130.5
14.76
0.30
1966
 
1,697,119
0.180
9,439,452
128.8
-1.31
0.28
1967
 
1,699,091
0.184
9,218,659
125.8
-2.34
0.26
1968
 
1,778,337
0.192
9,285,385
126.7
0.72
0.25
1969
 
1,990,570
0.200
9,945,391
135.7
7.11
0.25
1970
 
2,102,372
0.210
10,034,710
136.9
0.90
0.25
1971
 
2,424,204
0.218
11,099,327
151.4
10.61
0.26
1972
 
2,887,407
0.226
12,784,056
174.4
15.18
0.28
1973
 
4,036,830
0.238
16,960,045
231.4
32.67
0.36
1974
 
3,998,170
0.263
15,213,737
207.6
-10.30
0.32
1975
 
4,181,464
0.285
14,687,264
200.4
-3.46
0.31
1976
 
4,101,883
0.300
13,658,374
186.4
-7.01
0.27
1977
 
4,261,106
0.320
13,321,785
181.8
-2.46
0.26
1978
 
5,357,868
0.342
15,661,243
213.7
17.56
0.29
1979
 
5,507,412
0.373
14,784,602
201.7
-5.60
0.27
1980
 
5,269,899
0.413
12,771,797
174.3
-13.61
0.23
1981
 
6,899,449
0.450
15,346,432
209.4
20.16
0.27
1982
 
7,453,236
0.475
15,705,571
214.3
2.34
0.27
1983
 
7,831,128
0.495
15,828,775
216.0
0.78
0.26
1984
 
8,458,262
0.513
16,474,032
224.8
4.08
0.26
1985
 
8,740,885
0.531
16,450,644
224.5
-0.14
0.25
1986
 
8,869,920
0.543
16,338,036
222.9
-0.68
0.24
1987
 
9,133,063
0.560
16,319,532
222.7
-0.11
0.23
1988
 
8,466,566
0.582
14,559,622
198.7
-10.78
0.20
1989
 
9,482,678
0.607
15,624,778
213.2
7.32
0.21
1990
 
10,256,587
0.634
16,189,073
220.9
3.61
0.21
1991
 
10,388,057
0.655
15,866,169
216.5
-1.99
0.21
1992
 
11,391,699
0.672
16,947,394
231.2
6.81
0.21
1993
 
11,547,525
0.689
16,761,779
228.7
-1.10
0.20
1994
 
12,547,582
0.703
17,841,010
243.4
6.44
0.21
1995
 
12,570,634
0.718
17,505,165
238.8
-1.88
0.20
1996
 
14,065,748
0.733
19,177,253
261.7
9.55
0.21
1997
 
13,771,145
0.746
18,454,290
251.8
-3.77
0.19
1998
 
15,195,669
0.752
20,202,708
275.7
9.47
0.20
1999
 
15,428,654
0.763
20,210,975
275.8
0.04
0.19
2000
 
16,804,986
0.782
21,480,138
293.1
6.28
0.19
2001
 
17,126,626
0.797
21,478,625
293.1
-0.01
0.19
2002
 
17,527,669
0.808
21,695,613
296.0
1.01
0.19
2003
 
19,022,151
0.824
23,096,907
315.1
6.46
0.20
2004
 
19,341,270
0.844
22,913,210
312.6
-0.80
0.19
2005
 
20,416,003
0.868
23,517,490
320.9
2.64
0.19
2006
 
21,434,059
0.892
24,036,220
328.0
2.21
0.19
2007
 
23,798,751
0.914
26,027,200
355.1
8.28
0.20
2008
 
26,710,341
0.942
28,360,948
387.0
8.97
0.21
2009
 
26,507,437
0.941
28,171,230
384.4
-0.67
0.22
2010
 
29,446,235
0.957
30,767,708
419.8
9.22
0.23
2011
 
32,933,455
0.981
33,560,705
457.9
9.08
0.25
2012
 
38,866,357
1.000
38,866,357
530.3
15.81
0.28
2013
 
38,867,263
1.013
38,351,058
523.3
-1.33
0.27
2014
 
41,367,890
1.029
40,214,537
548.7
4.86
0.28
2015
 
40,429,686
1.031
39,206,445
535.0
-2.51
0.26
2016
 
39,766,214
1.042
38,150,539
520.5
-2.69
0.25
2017
 
39,483,572
1.061
37,223,018
507.9
-2.43
0.23
2018
 
41,276,514
1.082
38,137,775
520.4
2.46
0.23
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
May 2019
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, 1958-2018
 
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
 
14,983,140,000
1.029
14,565,404,207
618.4
4.13
2015
 
15,711,634,000
1.031
15,236,262,607
646.8
4.61
2016
 
16,115,630,000
1.042
15,460,862,474
656.4
1.47
2017
 
16,820,250,000
1.061
15,857,239,825
673.2
2.56
2018
 
17,572,929,097
1.082
16,236,652,589
689.3
2.39
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
May 2019
REAP_PI_SA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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