United States Regional Economic Analysis Project

Tennessee vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022

Introduction

Tennessee:

2022 TPI = $411,035,072K

2022 Percent of U.S. = 1.88%

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 Tennessee. 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.

Tennessee Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Tennessee'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 Tennessee over time.

When measured in current dollars, Tennessee's total personal income increased 7,016.67%, from $5,776M in 1959 to $411,035M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 837.70%, from $37,774M in 1959 to $354,209M in 2022.

Real Total Personal Income Indices (1958=100): 1958-2022

Figure 2.

Figure 2 portrays Tennessee'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.

Tennessee's overall real total personal income growth was 890.16% over 1958-2022 outpaced the United States' increase of 653.14%.

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 Tennessee 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, Tennessee's total personal income comprised 1.43% of the United States' total personal income, while in 2022 it comprised 1.88% thereby yielding a +0.45% share-shift.

Total Personal Income Share-Shift

2022 vs. 1958

	Share- Shift*		2022	vs.	1958
Tennessee	+0.45%	=	1.88%	-	1.43%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Tennessee Real Total Personal Income:
Annual Percent Change, 1959-2022

Figure 4.

Figure 4 shows the short-run pattern of Tennessee'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, Tennessee's real total personal income grew at an annual rate of 3.67% over 1959-2022. The state posted its highest growth in 1972 (8.85%) and recorded its lowest growth in 2022 (-2.74%). In 2022, Tennessee's real total personal income declined by -2.74%

Tennessee 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 illustrates the annual percent change in Tennessee'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, 2010s, and 2020-2022.

During the 1960s, Tennessee's annual real total personal income growth rate averaged 5.19%. It averaged 4.66% throughout the 1970s, 3.19% in the 1980s, 4.17% in the 1990s, 1.93% in the 2000s, 2.88% throughout the 2010s, 3.09% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 6.

Figure 6 compares the decade average growth rates for Tennessee noted in the previous graph with the corresponding decade averages for the nation.

Relative to nationwide real total personal income growth trends, Tennessee led the nation throughout the 1960s (5.19% vs. 4.82%), recorded above the nation during the 1970s (4.66% vs. 3.50%), topped the nation over the 1980s (3.19% vs. 3.16%), outperformed the nation over the 1990s (4.17% vs. 3.27%), recorded underneath the nation during the 2000s (1.93% vs. 2.06%), led the nation during the 2010s (2.88% vs. 2.72%), and outpaced the nation over 2020-2022 (3.09% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1959-2022	1960-1969	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%	%
Tennessee	3.67	5.19	4.66	3.19	4.17	1.93	2.88	3.09	-2.74
United States	3.23	4.82	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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

Tennessee:
Total Personal Income, 1958-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1958	5,389,556	0.151	35,772,972	100.0	N	1.43
1959	5,775,669	0.153	37,774,160	105.6	5.59	1.44
1960	5,930,979	0.155	38,163,432	106.7	1.03	1.42
1961	6,277,788	0.157	39,980,818	111.8	4.76	1.44
1962	6,667,572	0.159	41,971,371	117.3	4.98	1.44
1963	7,071,775	0.161	43,986,907	123.0	4.80	1.45
1964	7,604,219	0.163	46,625,906	130.3	6.00	1.45
1965	8,286,465	0.165	50,087,434	140.0	7.42	1.47
1966	9,123,193	0.170	53,786,069	150.4	7.38	1.49
1967	9,769,915	0.174	56,184,456	157.1	4.46	1.49
1968	10,893,808	0.181	60,290,044	168.5	7.31	1.51
1969	11,815,600	0.189	62,572,684	174.9	3.79	1.49
1970	12,849,372	0.198	65,007,447	181.7	3.89	1.50
1971	14,188,137	0.206	68,857,738	192.5	5.92	1.53
1972	15,970,576	0.213	74,951,079	209.5	8.85	1.57
1973	18,141,651	0.225	80,791,142	225.8	7.79	1.60
1974	20,073,602	0.248	80,964,797	226.3	0.21	1.61
1975	21,893,630	0.269	81,510,164	227.9	0.67	1.61
1976	24,519,691	0.283	86,541,104	241.9	6.17	1.64
1977	27,175,753	0.302	90,057,506	251.7	4.06	1.65
1978	30,979,262	0.323	95,982,346	268.3	6.58	1.67
1979	34,544,015	0.351	98,295,578	274.8	2.41	1.67
1980	38,090,043	0.389	97,847,418	273.5	-0.46	1.65
1981	42,374,357	0.424	99,904,178	279.3	2.10	1.64
1982	45,036,017	0.448	100,591,939	281.2	0.69	1.62
1983	48,073,556	0.467	102,994,164	287.9	2.39	1.62
1984	53,445,267	0.484	110,335,199	308.4	7.13	1.63
1985	57,197,621	0.501	114,103,138	319.0	3.41	1.63
1986	61,206,494	0.512	119,499,588	334.0	4.73	1.65
1987	65,770,270	0.528	124,560,187	348.2	4.23	1.67
1988	71,613,065	0.549	130,525,955	364.9	4.79	1.68
1989	76,875,704	0.573	134,254,910	375.3	2.86	1.67
1990	81,787,247	0.598	136,825,173	382.5	1.91	1.67
1991	86,093,139	0.618	139,367,920	389.6	1.86	1.70
1992	94,022,364	0.634	148,253,491	414.4	6.38	1.74
1993	100,041,604	0.650	153,910,160	430.2	3.82	1.77
1994	106,433,967	0.664	160,398,407	448.4	4.22	1.79
1995	114,276,071	0.678	168,663,210	471.5	5.15	1.82
1996	120,649,337	0.692	174,341,195	487.4	3.37	1.81
1997	127,785,224	0.704	181,495,056	507.4	4.10	1.81
1998	139,760,336	0.710	196,937,078	550.5	8.51	1.84
1999	145,231,941	0.720	201,708,228	563.9	2.42	1.82
2000	153,990,107	0.738	208,596,498	583.1	3.41	1.79
2001	158,125,252	0.753	209,988,117	587.0	0.67	1.76
2002	162,879,395	0.763	213,497,523	596.8	1.67	1.78
2003	169,929,514	0.779	218,154,818	609.8	2.18	1.79
2004	179,892,943	0.798	225,353,506	630.0	3.30	1.80
2005	188,177,577	0.821	229,129,978	640.5	1.68	1.79
2006	200,188,916	0.844	237,078,299	662.7	3.47	1.77
2007	209,746,788	0.866	242,182,258	677.0	2.15	1.76
2008	218,372,476	0.892	244,894,556	684.6	1.12	1.76
2009	217,094,703	0.889	244,143,344	682.5	-0.31	1.80
2010	227,613,018	0.905	251,467,196	703.0	3.00	1.81
2011	241,431,730	0.928	260,152,289	727.2	3.45	1.82
2012	252,592,322	0.945	267,197,328	746.9	2.71	1.82
2013	254,464,603	0.958	265,673,362	742.7	-0.57	1.81
2014	263,856,025	0.971	271,677,624	759.4	2.26	1.79
2015	277,356,111	0.973	285,055,459	796.8	4.92	1.79
2016	286,532,273	0.983	291,535,014	815.0	2.27	1.80
2017	299,307,669	1.000	299,307,669	836.7	2.67	1.80
2018	316,176,537	1.020	309,834,230	866.1	3.52	1.81
2019	335,496,924	1.035	324,110,908	906.0	4.61	1.83
2020	359,633,593	1.046	343,702,961	960.8	6.04	1.83
2021	396,986,140	1.090	364,204,127	1,018.1	5.96	1.86
2022	411,035,072	1.160	354,209,278	990.2	-2.74	1.88

1 1958 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 Table 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, 1958-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
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

1 1958 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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

REAP Home US-REAP Sitemap Feedback

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.

Outline of Analysis

Download, Print or Share

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

Outline of Analysis

Download, Print or Share

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

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