North Dakota vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2017
Introduction
North Dakota:
2017 TPI = $41,277,100K
2017 Percent of U.S. = 0.3%
U.S.:
2017 TPI = $16,413,550,863K
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 2009 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, 1958-2017
Current vs. Constant Dollars (Millions)
North Dakota Total Personal Income, 1958-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts North Dakota's annual total personal income over 1958-2017 in current and constant (2009) 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 3,422.2%, from $1,172M in 1958 to $41,277M in 2017. When measured in constant 2009 dollars to adjust for inflation, it advanced 431.4%, from $6,895M in 1958 to $36,640M in 2017.
Real Total Personal Income Indices (1958=100): 1958-2017
Real Total Personal Income Indices (1958=100): 1958-2017
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 431.4% over 1958-2017 trailed the United States' increase of 557.4%.
Total Personal Income as a Percent of the United States Total: 1958-2017
Total Personal Income as a Percent of the United States Total: 1958-2017
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of North Dakota 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, North Dakota's total personal income totaled 0.31% of the United States' total personal income, while in 2017 it equated to 0.25% thereby yielding a -0.06% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1958
 
Share-
Shift*
 
2017
vs.
1958
-0.06%
=
0.25%
-
0.31%
 
   
North Dakota Real Total Personal Income:
Annual Percent Change, 1959-2017
North Dakota Real Total Personal Income:
Annual Percent Change, 1959-2017
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 1959-2017. The average annual percent change for the entire 59-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, North Dakota's real total personal income grew at an annual rate of 3.27% over 1959-2017. The state recorded its highest growth in 1962 (38.47%) and posted its lowest growth in 1980 (-13.53%). In 2017, North Dakota's real total personal income declined by -1.96%
North Dakota Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
North Dakota Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
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 overlayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1960s, North Dakota's annual real total personal income growth rate averaged 4.80%. It averaged 4.79% in the 1970s, 0.96% throughout the 1980s, 2.65% throughout the 1990s, 3.58% throughout the 2000s, and 4.24% thus far this decade (2010 to 2017).
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 during the 1960s (4.80% vs. 4.81%), registered above the nation in the 1970s (4.79% vs. 3.47%), lagged the nation throughout the 1980s (0.96% vs. 3.18%), fell under the nation during the 1990s (2.65% vs. 3.31%), led the nation over the 2000s (3.58% vs. 2.09%), and recorded above the nation over 2010-2017 (4.24% vs. 2.38%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.27
4.80
4.79
0.96
2.65
3.58
4.24
-1.96
 
3.26
4.81
3.47
3.18
3.31
2.09
2.38
1.44
 
   

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, 1958-2017
 
1958
 
1,171,901
0.170
6,895,158
100.0
N
0.31
1959
 
1,086,917
0.173
6,300,603
91.4
-8.62
0.27
1960
 
1,211,691
0.175
6,910,128
100.2
9.67
0.29
1961
 
1,111,286
0.177
6,271,720
91.0
-9.24
0.25
1962
 
1,556,893
0.179
8,684,142
125.9
38.47
0.34
1963
 
1,449,804
0.181
7,993,626
115.9
-7.95
0.30
1964
 
1,441,340
0.184
7,832,093
113.6
-2.02
0.28
1965
 
1,678,052
0.187
8,988,441
130.4
14.76
0.30
1966
 
1,698,142
0.191
8,870,825
128.7
-1.31
0.28
1967
 
1,699,418
0.196
8,659,455
125.6
-2.38
0.26
1968
 
1,775,378
0.204
8,707,529
126.3
0.56
0.25
1969
 
1,994,339
0.213
9,357,383
135.7
7.46
0.25
1970
 
2,104,730
0.223
9,433,598
136.8
0.81
0.25
1971
 
2,426,531
0.233
10,432,654
151.3
10.59
0.26
1972
 
2,889,855
0.241
12,013,531
174.2
15.15
0.28
1973
 
4,038,581
0.254
15,930,029
231.0
32.60
0.36
1974
 
4,003,286
0.280
14,301,536
207.4
-10.22
0.32
1975
 
4,200,486
0.303
13,849,278
200.9
-3.16
0.31
1976
 
4,117,225
0.320
12,869,143
186.6
-7.08
0.28
1977
 
4,276,480
0.341
12,549,830
182.0
-2.48
0.26
1978
 
5,370,965
0.365
14,729,904
213.6
17.37
0.29
1979
 
5,513,744
0.397
13,889,923
201.4
-5.70
0.27
1980
 
5,279,606
0.440
12,010,296
174.2
-13.53
0.23
1981
 
6,914,367
0.478
14,455,828
209.7
20.36
0.27
1982
 
7,487,357
0.505
14,832,324
215.1
2.60
0.27
1983
 
7,887,475
0.527
14,980,106
217.3
1.00
0.27
1984
 
8,492,880
0.546
15,541,916
225.4
3.75
0.26
1985
 
8,782,366
0.566
15,521,484
225.1
-0.13
0.25
1986
 
8,910,617
0.578
15,414,692
223.6
-0.69
0.24
1987
 
9,161,561
0.597
15,358,862
222.7
-0.36
0.23
1988
 
8,473,720
0.620
13,673,024
198.3
-10.98
0.20
1989
 
9,506,913
0.646
14,707,249
213.3
7.56
0.21
1990
 
10,290,342
0.674
15,258,514
221.3
3.75
0.21
1991
 
10,410,081
0.697
14,945,846
216.8
-2.05
0.21
1992
 
11,411,372
0.715
15,961,300
231.5
6.79
0.21
1993
 
11,562,828
0.733
15,779,184
228.8
-1.14
0.21
1994
 
12,545,156
0.748
16,770,926
243.2
6.29
0.21
1995
 
12,578,798
0.764
16,473,883
238.9
-1.77
0.20
1996
 
14,071,088
0.780
18,044,252
261.7
9.53
0.21
1997
 
13,808,529
0.793
17,407,098
252.5
-3.53
0.20
1998
 
15,147,076
0.799
18,949,004
274.8
8.86
0.20
1999
 
15,335,245
0.811
18,906,725
274.2
-0.22
0.19
2000
 
16,695,390
0.831
20,083,230
291.3
6.22
0.19
2001
 
17,036,787
0.847
20,105,725
291.6
0.11
0.19
2002
 
17,427,613
0.859
20,294,636
294.3
0.94
0.19
2003
 
18,918,969
0.876
21,603,902
313.3
6.45
0.20
2004
 
19,195,772
0.897
21,399,253
310.4
-0.95
0.19
2005
 
20,365,614
0.923
22,073,914
320.1
3.15
0.19
2006
 
21,301,444
0.947
22,486,719
326.1
1.87
0.19
2007
 
23,713,934
0.971
24,421,674
354.2
8.60
0.20
2008
 
27,100,616
1.001
27,083,012
392.8
10.90
0.22
2009
 
26,687,878
1.000
26,687,878
387.1
-1.46
0.22
2010
 
29,450,250
1.017
28,971,354
420.2
8.56
0.24
2011
 
33,306,563
1.041
31,979,724
463.8
10.38
0.25
2012
 
39,449,209
1.061
37,173,801
539.1
16.24
0.28
2013
 
40,296,443
1.075
37,473,908
543.5
0.81
0.29
2014
 
42,991,436
1.092
39,384,956
571.2
5.10
0.29
2015
 
42,002,831
1.095
38,365,407
556.4
-2.59
0.27
2016
 
41,404,978
1.108
37,372,824
542.0
-2.59
0.26
2017
 
41,277,100
1.127
36,639,623
531.4
-1.96
0.25
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 2018
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, 1958-2017
 
1958
 
376,690,281
0.170
2,216,346,676
100.0
N
1959
 
400,673,993
0.173
2,322,613,141
104.8
4.79
1960
 
418,095,000
0.175
2,384,345,595
107.6
2.66
1961
 
436,553,000
0.177
2,463,756,420
111.2
3.33
1962
 
464,248,000
0.179
2,589,513,610
116.8
5.10
1963
 
487,847,000
0.181
2,689,788,830
121.4
3.87
1964
 
522,796,000
0.184
2,840,819,432
128.2
5.61
1965
 
564,631,000
0.187
3,024,430,875
136.5
6.46
1966
 
612,945,000
0.191
3,201,927,598
144.5
5.87
1967
 
656,851,000
0.196
3,347,011,465
151.0
4.53
1968
 
720,704,000
0.204
3,534,768,748
159.5
5.61
1969
 
791,150,000
0.213
3,712,053,676
167.5
5.02
1970
 
855,078,000
0.223
3,832,540,003
172.9
3.25
1971
 
923,964,000
0.233
3,972,500,967
179.2
3.65
1972
 
1,015,526,000
0.241
4,221,683,642
190.5
6.27
1973
 
1,131,213,000
0.254
4,462,026,665
201.3
5.69
1974
 
1,242,433,000
0.280
4,438,528,865
200.3
-0.53
1975
 
1,359,998,000
0.303
4,484,002,638
202.3
1.02
1976
 
1,491,506,000
0.320
4,661,976,057
210.3
3.97
1977
 
1,646,968,000
0.341
4,833,219,862
218.1
3.67
1978
 
1,851,867,000
0.365
5,078,756,548
229.1
5.08
1979
 
2,068,806,000
0.397
5,211,623,337
235.1
2.62
1980
 
2,307,005,000
0.440
5,248,083,441
236.8
0.70
1981
 
2,584,340,000
0.478
5,403,064,958
243.8
2.95
1982
 
2,767,657,000
0.505
5,482,680,269
247.4
1.47
1983
 
2,957,901,000
0.527
5,617,725,486
253.5
2.46
1984
 
3,268,535,000
0.546
5,981,398,115
269.9
6.47
1985
 
3,501,927,000
0.566
6,189,118,448
279.2
3.47
1986
 
3,712,243,000
0.578
6,421,899,111
289.8
3.76
1987
 
3,940,859,000
0.597
6,606,637,050
298.1
2.88
1988
 
4,260,753,000
0.620
6,875,065,350
310.2
4.06
1989
 
4,603,969,000
0.646
7,122,366,609
321.4
3.60
1990
 
4,890,453,000
0.674
7,251,561,388
327.2
1.81
1991
 
5,055,766,000
0.697
7,258,608,511
327.5
0.10
1992
 
5,402,109,000
0.715
7,556,031,275
340.9
4.10
1993
 
5,639,780,000
0.733
7,696,311,358
347.3
1.86
1994
 
5,930,316,000
0.748
7,927,911,982
357.7
3.01
1995
 
6,275,761,000
0.764
8,219,080,360
370.8
3.67
1996
 
6,661,697,000
0.780
8,542,718,098
385.4
3.94
1997
 
7,075,132,000
0.793
8,918,945,630
402.4
4.40
1998
 
7,588,703,000
0.799
9,493,473,529
428.3
6.44
1999
 
7,988,183,000
0.811
9,848,579,707
444.4
3.74
2000
 
8,634,847,000
0.831
10,387,036,124
468.7
5.47
2001
 
8,987,890,000
0.847
10,606,932,119
478.6
2.12
2002
 
9,150,761,000
0.859
10,656,156,184
480.8
0.46
2003
 
9,484,225,000
0.876
10,830,202,576
488.7
1.63
2004
 
10,047,876,000
0.897
11,201,270,861
505.4
3.43
2005
 
10,610,320,000
0.923
11,500,330,584
518.9
2.67
2006
 
11,381,350,000
0.947
12,014,641,768
542.1
4.47
2007
 
11,995,419,000
0.971
12,353,421,145
557.4
2.82
2008
 
12,492,705,000
1.001
12,484,590,016
563.3
1.06
2009
 
12,079,444,000
1.000
12,079,444,000
545.0
-3.25
2010
 
12,459,613,000
1.017
12,257,004,712
553.0
1.47
2011
 
13,233,436,000
1.041
12,706,253,541
573.3
3.67
2012
 
13,904,485,000
1.061
13,102,482,072
591.2
3.12
2013
 
14,068,960,000
1.075
13,083,510,025
590.3
-0.14
2014
 
14,811,388,000
1.092
13,568,885,184
612.2
3.71
2015
 
15,547,661,000
1.095
14,201,241,311
640.7
4.66
2016
 
15,912,777,000
1.108
14,363,138,037
648.1
1.14
2017
 
16,413,550,863
1.127
14,569,490,456
657.4
1.44
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
May 2018
REAP_PI_SA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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