West Virginia vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022
Introduction
West Virginia vs. United States
West Virginia:
2022 TPI = $88,744,908K
2022 Percent of U.S. = 0.41%
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 West Virginia. 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.
West Virginia Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
West Virginia Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts West Virginia'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 West Virginia over time.
When measured in current dollars, West Virginia's total personal income increased 2,830.13%, from $3,029M in 1959 to $88,745M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 286.08%, from $19,808M in 1959 to $76,476M in 2022.
Real Total Personal Income Indices (1958=100): 1958-2022
Real Total Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 portrays West Virginia'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.
West Virginia's overall real total personal income growth was 293.51% over 1958-2022 trailed the United States' increase of 653.14%.
Total Personal Income as a Percent of the United States Total: 1958-2022
Total Personal Income as a Percent of the United States Total: 1958-2022
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of West Virginia 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, West Virginia's total personal income totaled 0.78% of the United States' total personal income, while in 2022 it totaled 0.41% thereby yielding a -0.37% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
-0.37%
=
0.41%
-
0.78%
 
   
West Virginia Real Total Personal Income:
Annual Percent Change, 1959-2022
West Virginia Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 displays the short-run pattern of West Virginia'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 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, West Virginia's real total personal income grew at an annual rate of 2.19% over 1959-2022. The state posted its highest growth in 1972 (7.07%) and recorded its lowest growth in 2022 (-4.86%). In 2022, West Virginia's real total personal income declined by -4.86%
West Virginia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
West Virginia 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 West Virginia'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, 2010s, and 2020-2022.
During the 1960s, West Virginia's annual real total personal income growth rate averaged 2.84%. It averaged 4.47% throughout the 1970s, 0.60% during the 1980s, 2.11% in the 1990s, 2.21% throughout the 2000s, 1.22% in the 2010s, 1.13% thus far this decade (2020-2022).
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 West Virginia noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, West Virginia fell below the nation in the 1960s (2.84% vs. 4.82%), outperformed the nation over the 1970s (4.47% vs. 3.50%), lagged the nation throughout the 1980s (0.60% vs. 3.16%), fell under the nation during the 1990s (2.11% vs. 3.27%), outgained the nation throughout the 2000s (2.21% vs. 2.06%), fell under the nation during the 2010s (1.22% vs. 2.72%), and posted below the nation over 2020-2022 (1.13% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.19
2.84
4.47
0.60
2.11
2.21
1.22
1.13
-4.86
 
3.23
4.82
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   

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

   
 
West Virginia:
Total Personal Income, 1958-2022
 
1958
 
2,927,951
0.151
19,434,163
100.0
N
0.78
1959
 
3,028,703
0.153
19,808,391
101.9
1.93
0.76
1960
 
3,075,721
0.155
19,791,011
101.8
-0.09
0.74
1961
 
3,117,232
0.157
19,852,452
102.2
0.31
0.71
1962
 
3,255,646
0.159
20,493,806
105.5
3.23
0.70
1963
 
3,400,126
0.161
21,149,008
108.8
3.20
0.70
1964
 
3,628,098
0.163
22,245,987
114.5
5.19
0.69
1965
 
3,877,820
0.165
23,439,434
120.6
5.36
0.69
1966
 
4,115,264
0.170
24,261,667
124.8
3.51
0.67
1967
 
4,360,551
0.174
25,076,491
129.0
3.36
0.66
1968
 
4,622,812
0.181
25,584,216
131.6
2.02
0.64
1969
 
4,944,141
0.189
26,183,027
134.7
2.34
0.62
1970
 
5,511,837
0.198
27,885,445
143.5
6.50
0.64
1971
 
6,051,556
0.206
29,369,357
151.1
5.32
0.65
1972
 
6,700,698
0.213
31,446,865
161.8
7.07
0.66
1973
 
7,333,218
0.225
32,657,395
168.0
3.85
0.65
1974
 
8,128,736
0.248
32,786,416
168.7
0.40
0.65
1975
 
9,186,126
0.269
34,200,022
176.0
4.31
0.67
1976
 
10,241,128
0.283
36,145,583
186.0
5.69
0.68
1977
 
11,457,287
0.302
37,968,210
195.4
5.04
0.69
1978
 
12,752,672
0.323
39,511,315
203.3
4.06
0.69
1979
 
14,222,751
0.351
40,471,078
208.2
2.43
0.69
1980
 
15,637,550
0.389
40,170,443
206.7
-0.74
0.68
1981
 
17,044,991
0.424
40,186,234
206.8
0.04
0.66
1982
 
18,059,962
0.448
40,338,527
207.6
0.38
0.65
1983
 
18,554,199
0.467
39,751,048
204.5
-1.46
0.62
1984
 
19,921,934
0.484
41,127,880
211.6
3.46
0.61
1985
 
20,756,668
0.501
41,407,333
213.1
0.68
0.59
1986
 
21,253,154
0.512
41,494,668
213.5
0.21
0.57
1987
 
21,714,815
0.528
41,124,986
211.6
-0.89
0.55
1988
 
23,221,484
0.549
42,324,768
217.8
2.92
0.54
1989
 
24,579,344
0.573
42,925,104
220.9
1.42
0.53
1990
 
26,184,243
0.598
43,804,673
225.4
2.05
0.53
1991
 
27,331,646
0.618
44,244,579
227.7
1.00
0.54
1992
 
29,388,622
0.634
46,339,675
238.4
4.74
0.54
1993
 
30,475,580
0.650
46,885,508
241.3
1.18
0.54
1994
 
31,790,532
0.664
47,909,054
246.5
2.18
0.54
1995
 
32,855,636
0.678
48,492,541
249.5
1.22
0.52
1996
 
34,152,035
0.692
49,350,512
253.9
1.77
0.51
1997
 
35,627,801
0.704
50,602,640
260.4
2.54
0.50
1998
 
37,130,579
0.710
52,320,908
269.2
3.40
0.49
1999
 
38,078,587
0.720
52,886,192
272.1
1.08
0.48
2000
 
40,251,566
0.738
54,525,163
280.6
3.10
0.47
2001
 
42,750,333
0.753
56,771,843
292.1
4.12
0.48
2002
 
44,243,165
0.763
57,992,640
298.4
2.15
0.48
2003
 
44,952,808
0.779
57,710,232
297.0
-0.49
0.47
2004
 
46,551,205
0.798
58,315,113
300.1
1.05
0.47
2005
 
48,854,253
0.821
59,486,226
306.1
2.01
0.46
2006
 
52,146,960
0.844
61,756,229
317.8
3.82
0.46
2007
 
54,184,672
0.866
62,563,848
321.9
1.31
0.45
2008
 
57,958,900
0.892
64,998,206
334.5
3.89
0.47
2009
 
58,487,453
0.889
65,774,624
338.4
1.19
0.49
2010
 
60,532,086
0.905
66,875,937
344.1
1.67
0.48
2011
 
64,059,017
0.928
69,026,138
355.2
3.22
0.48
2012
 
65,488,403
0.945
69,274,973
356.5
0.36
0.47
2013
 
65,152,569
0.958
68,022,436
350.0
-1.81
0.46
2014
 
67,156,751
0.971
69,147,508
355.8
1.65
0.45
2015
 
68,437,802
0.973
70,337,621
361.9
1.72
0.44
2016
 
68,067,852
0.983
69,256,290
356.4
-1.54
0.43
2017
 
70,797,616
1.000
70,797,616
364.3
2.23
0.42
2018
 
74,235,000
1.020
72,745,892
374.3
2.75
0.42
2019
 
76,746,554
1.035
74,141,947
381.5
1.92
0.42
2020
 
80,740,963
1.046
77,164,393
397.1
4.08
0.41
2021
 
87,617,398
1.090
80,382,196
413.6
4.17
0.41
2022
 
88,744,908
1.160
76,475,882
393.5
-4.86
0.41
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 TableTip: 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
 
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
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
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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