Texas vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2017
Introduction
Texas:
2017 TPI = $1,328,682,534K
2017 Percent of U.S. = 8.1%
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 Texas. 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.
Texas Total Personal Income, 1958-2017
Current vs. Constant Dollars (Millions)
Texas Total Personal Income, 1958-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Texas' 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 Texas over time.
When measured in current dollars, Texas' total personal income increased 7,314.8%, from $17,919M in 1958 to $1,328,683M in 2017. When measured in constant 2009 dollars to adjust for inflation, it advanced 1,018.6%, from $105,433M in 1958 to $1,179,405M in 2017.
Real Total Personal Income Indices (1958=100): 1958-2017
Real Total Personal Income Indices (1958=100): 1958-2017
Figure 2.
Figure 2 portrays Texas' 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.
Texas' overall real total personal income growth was 1,018.6% over 1958-2017 outpaced 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 comparing the total personal income growth of Texas 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, Texas' total personal income comprised 4.8% of the United States' total personal income, while in 2017 it comprised 8.1% thereby yielding a +3.3% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1958
 
Share-
Shift*
 
2017
vs.
1958
+3.34%
=
8.10%
-
4.76%
 
   
Texas Real Total Personal Income:
Annual Percent Change, 1959-2017
Texas Real Total Personal Income:
Annual Percent Change, 1959-2017
Figure 4.
Figure 4 highlights the short-run pattern of Texas' 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, Texas' real total personal income grew at an annual rate of 4.21% over 1959-2017. The state recorded its highest growth in 1998 (8.18%) and recorded its lowest growth in 2009 (-5.24%). In 2017, Texas' real total personal income grew by 1.35%
Texas Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2017
Texas 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 depicts the annual percent change in Texas' 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 2010-2017.
During the 1960s, Texas' annual real total personal income growth rate averaged 5.11%. It averaged 5.68% throughout the 1970s, 3.12% in the 1980s, 4.65% during the 1990s, 3.23% during the 2000s, and 3.32% 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 Texas noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, Texas outperformed the nation in the 1960s (5.11% vs. 4.81%), led the nation during the 1970s (5.68% vs. 3.47%), lagged the nation over the 1980s (3.12% vs. 3.18%), outpaced the nation over the 1990s (4.65% vs. 3.31%), topped the nation during the 2000s (3.23% vs. 2.09%), and exceeded the nation over 2010-2017 (3.32% vs. 2.38%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.21
5.11
5.68
3.12
4.65
3.23
3.32
1.35
 
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.

   
 
Texas:
Total Personal Income, 1958-2017
 
1958
 
17,919,413
0.170
105,433,120
100.0
N
4.76
1959
 
18,935,469
0.173
109,764,472
104.1
4.11
4.73
1960
 
19,437,723
0.175
110,851,001
105.1
0.99
4.65
1961
 
20,553,051
0.177
115,994,418
110.0
4.64
4.71
1962
 
21,574,399
0.179
120,339,129
114.1
3.75
4.65
1963
 
22,519,599
0.181
124,163,858
117.8
3.18
4.62
1964
 
24,137,161
0.184
131,158,838
124.4
5.63
4.62
1965
 
25,975,703
0.187
139,138,160
132.0
6.08
4.60
1966
 
28,420,483
0.191
148,464,102
140.8
6.70
4.64
1967
 
31,029,233
0.196
158,110,741
150.0
6.50
4.72
1968
 
34,549,609
0.204
169,452,200
160.7
7.17
4.79
1969
 
38,443,529
0.213
180,375,963
171.1
6.45
4.86
1970
 
42,337,671
0.223
189,761,423
180.0
5.20
4.95
1971
 
45,936,073
0.233
197,498,057
187.3
4.08
4.97
1972
 
50,972,265
0.241
211,898,836
201.0
7.29
5.02
1973
 
57,886,017
0.254
228,329,193
216.6
7.75
5.12
1974
 
65,270,692
0.280
233,176,236
221.2
2.12
5.25
1975
 
74,303,077
0.303
244,982,120
232.4
5.06
5.46
1976
 
83,693,554
0.320
261,599,581
248.1
6.78
5.61
1977
 
93,346,447
0.341
273,936,046
259.8
4.72
5.67
1978
 
107,770,121
0.365
295,560,214
280.3
7.89
5.82
1979
 
124,188,134
0.397
312,847,980
296.7
5.85
6.00
1980
 
142,639,001
0.440
324,481,906
307.8
3.72
6.18
1981
 
167,739,363
0.478
350,691,733
332.6
8.08
6.49
1982
 
184,332,493
0.505
365,159,455
346.3
4.13
6.66
1983
 
196,082,087
0.527
372,404,397
353.2
1.98
6.63
1984
 
214,972,612
0.546
393,398,503
373.1
5.64
6.58
1985
 
231,268,930
0.566
408,732,335
387.7
3.90
6.60
1986
 
236,746,076
0.578
409,552,773
388.4
0.20
6.38
1987
 
241,509,519
0.597
404,877,651
384.0
-1.14
6.13
1988
 
256,262,447
0.620
413,499,931
392.2
2.13
6.01
1989
 
274,061,924
0.646
423,975,378
402.1
2.53
5.95
1990
 
296,204,968
0.674
439,212,586
416.6
3.59
6.06
1991
 
309,983,300
0.697
445,045,799
422.1
1.33
6.13
1992
 
335,301,604
0.715
468,992,648
444.8
5.38
6.21
1993
 
354,794,103
0.733
484,168,866
459.2
3.24
6.29
1994
 
375,106,640
0.748
501,459,353
475.6
3.57
6.33
1995
 
401,483,332
0.764
525,804,563
498.7
4.85
6.40
1996
 
431,653,384
0.780
553,536,610
525.0
5.27
6.48
1997
 
470,314,809
0.793
592,881,124
562.3
7.11
6.65
1998
 
512,701,446
0.799
641,389,919
608.3
8.18
6.76
1999
 
540,829,905
0.811
666,785,729
632.4
3.96
6.77
2000
 
589,484,088
0.831
709,102,607
672.6
6.35
6.83
2001
 
626,675,708
0.847
739,562,533
701.5
4.30
6.97
2002
 
633,447,887
0.859
737,656,641
699.6
-0.26
6.92
2003
 
656,271,300
0.876
749,407,687
710.8
1.59
6.92
2004
 
684,161,109
0.897
762,695,906
723.4
1.77
6.81
2005
 
746,963,828
0.923
809,620,347
767.9
6.15
7.04
2006
 
817,777,478
0.947
863,281,021
818.8
6.63
7.19
2007
 
872,964,318
0.971
899,017,855
852.7
4.14
7.28
2008
 
961,039,866
1.001
960,415,596
910.9
6.83
7.69
2009
 
910,107,802
1.000
910,107,802
863.2
-5.24
7.53
2010
 
956,561,930
1.017
941,007,083
892.5
3.40
7.68
2011
 
1,047,017,041
1.041
1,005,306,859
953.5
6.83
7.91
2012
 
1,125,709,687
1.061
1,060,779,381
1,006.1
5.52
8.10
2013
 
1,148,928,546
1.075
1,068,452,689
1,013.4
0.72
8.17
2014
 
1,236,170,006
1.092
1,132,469,751
1,074.1
5.99
8.35
2015
 
1,284,521,219
1.095
1,173,282,322
1,112.8
3.60
8.26
2016
 
1,289,310,024
1.108
1,163,752,741
1,103.8
-0.81
8.10
2017
 
1,328,682,534
1.127
1,179,405,216
1,118.6
1.35
8.10
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 © 2018. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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