West Virginia vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2021
Introduction
West Virginia vs. United States
West Virginia:
2021 TPI = $86,451,772K
2021 Percent of U.S. = 0.4%
U.S.:
2021 TPI = $21,288,709,000K
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 2012 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, 1959-2021
Current vs. Constant Dollars (Millions)
West Virginia Total Personal Income, 1959-2021
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts West Virginia's annual total personal income over 1959-2021 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 West Virginia over time.
When measured in current dollars, West Virginia's total personal income increased 2,754.4%, from $3,029M in 1959 to $86,452M in 2021. When measured in constant 2012 dollars to adjust for inflation, it advanced 299.3%, from $18,723M in 1959 to $74,772M in 2021.
Real Total Personal Income Indices (1958=100): 1958-2021
Real Total Personal Income Indices (1958=100): 1958-2021
Figure 2.
Figure 2 shows 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 307.0% over 1958-2021 trailed the United States' increase of 680.2%.
Total Personal Income as a Percent of the United States Total: 1958-2021
Total Personal Income as a Percent of the United States Total: 1958-2021
Figure 3.
Another interesting and insightful way of contrasting the total personal income growth of West Virginia 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, West Virginia's total personal income totaled 0.78% of the United States' total personal income, while in 2021 it comprised 0.41% thereby yielding a -0.37% share-shift.
   
 
Total Personal Income Share-Shift
2021 vs. 1958
 
Share-
Shift*
 
2021
vs.
1958
-0.37%
=
0.41%
-
0.78%
 
   
West Virginia Real Total Personal Income:
Annual Percent Change, 1959-2021
West Virginia Real Total Personal Income:
Annual Percent Change, 1959-2021
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 1959-2021. The average annual percent change for the entire 63-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 2.27% over 1959-2021. The state recorded its highest growth in 1972 (7.07%) and recorded its lowest growth in 2013 (-1.82%). In 2021, West Virginia's real total personal income grew by 2.64%
West Virginia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2021
West Virginia Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2021
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 2020-2021.
During the 1960s, West Virginia's annual real total personal income growth rate averaged 2.84%. It averaged 4.47% in the 1970s, 0.61% throughout the 1980s, 2.12% during the 1990s, 2.23% throughout the 2000s, 1.23% throughout the 2010s, 3.10% thus far this decade (2020-2021).
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 throughout the 1960s (2.84% vs. 4.82%), outperformed the nation throughout the 1970s (4.47% vs. 3.50%), recorded underneath the nation over the 1980s (0.61% vs. 3.17%), trailed the nation in the 1990s (2.12% vs. 3.30%), outperformed the nation during the 2000s (2.23% vs. 2.04%), recorded underneath the nation in the 2010s (1.23% vs. 2.79%), and trailed the nation over 2020-2021 (3.10% vs. 4.39%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.27
2.84
4.47
0.61
2.12
2.23
1.23
3.10
2.64
 
3.33
4.82
3.50
3.17
3.30
2.04
2.79
4.39
3.29
 
   

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, 1958-2021
 
1958
 
2,927,951
0.159
18,370,881
100.0
N
0.78
1959
 
3,028,703
0.162
18,723,436
101.9
1.92
0.76
1960
 
3,075,721
0.164
18,707,627
101.8
-0.08
0.74
1961
 
3,117,232
0.166
18,764,941
102.1
0.31
0.71
1962
 
3,255,646
0.168
19,371,927
105.4
3.23
0.70
1963
 
3,400,126
0.170
19,992,509
108.8
3.20
0.70
1964
 
3,628,098
0.173
21,027,576
114.5
5.18
0.69
1965
 
3,877,820
0.175
22,156,439
120.6
5.37
0.69
1966
 
4,115,264
0.179
22,933,928
124.8
3.51
0.67
1967
 
4,360,551
0.184
23,705,088
129.0
3.36
0.66
1968
 
4,622,812
0.191
24,184,211
131.6
2.02
0.64
1969
 
4,944,141
0.200
24,750,405
134.7
2.34
0.62
1970
 
5,511,837
0.209
26,359,813
143.5
6.50
0.64
1971
 
6,051,556
0.218
27,761,978
151.1
5.32
0.65
1972
 
6,700,698
0.225
29,725,393
161.8
7.07
0.66
1973
 
7,333,218
0.238
30,868,909
168.0
3.85
0.65
1974
 
8,128,736
0.262
30,991,406
168.7
0.40
0.65
1975
 
9,186,126
0.284
32,328,439
176.0
4.31
0.67
1976
 
10,241,128
0.300
34,166,704
186.0
5.69
0.68
1977
 
11,457,287
0.319
35,890,383
195.4
5.04
0.69
1978
 
12,752,672
0.341
37,348,578
203.3
4.06
0.69
1979
 
14,222,561
0.372
38,255,315
208.2
2.43
0.69
1980
 
15,632,663
0.412
37,959,941
206.6
-0.77
0.68
1981
 
17,051,166
0.449
38,000,415
206.9
0.11
0.66
1982
 
18,069,361
0.474
38,150,795
207.7
0.40
0.65
1983
 
18,550,227
0.494
37,567,797
204.5
-1.53
0.62
1984
 
19,940,683
0.512
38,913,965
211.8
3.58
0.61
1985
 
20,765,614
0.530
39,157,500
213.1
0.63
0.59
1986
 
21,261,444
0.542
39,239,340
213.6
0.21
0.57
1987
 
21,785,013
0.559
39,002,798
212.3
-0.60
0.55
1988
 
23,237,559
0.580
40,038,525
217.9
2.66
0.54
1989
 
24,600,986
0.606
40,614,452
221.1
1.44
0.53
1990
 
26,186,226
0.632
41,413,588
225.4
1.97
0.53
1991
 
27,308,245
0.653
41,790,872
227.5
0.91
0.54
1992
 
29,404,386
0.671
43,830,229
238.6
4.88
0.54
1993
 
30,498,832
0.688
44,356,776
241.5
1.20
0.54
1994
 
31,820,522
0.702
45,332,899
246.8
2.20
0.54
1995
 
32,894,704
0.717
45,896,812
249.8
1.24
0.52
1996
 
34,208,841
0.732
46,730,836
254.4
1.82
0.51
1997
 
35,630,179
0.745
47,839,871
260.4
2.37
0.50
1998
 
37,123,018
0.751
49,451,203
269.2
3.37
0.49
1999
 
38,114,073
0.762
50,042,110
272.4
1.19
0.48
2000
 
40,327,673
0.781
51,642,557
281.1
3.20
0.47
2001
 
42,791,913
0.797
53,720,891
292.4
4.02
0.47
2002
 
44,263,425
0.807
54,847,990
298.6
2.10
0.48
2003
 
44,986,864
0.824
54,597,034
297.2
-0.46
0.47
2004
 
46,658,446
0.844
55,254,368
300.8
1.20
0.46
2005
 
49,118,578
0.869
56,538,720
307.8
2.32
0.46
2006
 
52,467,619
0.893
58,739,861
319.7
3.89
0.46
2007
 
54,490,757
0.916
59,478,635
323.8
1.26
0.45
2008
 
58,167,097
0.943
61,666,681
335.7
3.68
0.47
2009
 
58,608,638
0.941
62,308,518
339.2
1.04
0.49
2010
 
60,753,800
0.957
63,452,432
345.4
1.84
0.48
2011
 
64,227,278
0.982
65,424,547
356.1
3.11
0.48
2012
 
65,898,534
1.000
65,898,534
358.7
0.72
0.47
2013
 
65,572,756
1.014
64,696,762
352.2
-1.82
0.46
2014
 
67,764,369
1.029
65,862,907
358.5
1.80
0.45
2015
 
69,178,579
1.031
67,088,113
365.2
1.86
0.44
2016
 
68,630,112
1.041
65,896,716
358.7
-1.78
0.43
2017
 
71,344,508
1.061
67,271,869
366.2
2.09
0.42
2018
 
74,740,033
1.083
69,001,203
375.6
2.57
0.42
2019
 
77,329,870
1.099
70,342,727
382.9
1.94
0.42
2020
 
80,971,182
1.111
72,851,844
396.6
3.57
0.41
2021
 
86,451,772
1.156
74,771,687
407.0
2.64
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
September 2022
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, 1958-2021
 
1958
 
376,151,280
0.159
2,360,090,852
100.0
N
1959
 
400,328,786
0.162
2,474,831,763
104.9
4.86
1960
 
417,700,000
0.164
2,540,599,720
107.6
2.66
1961
 
436,047,000
0.166
2,624,891,645
111.2
3.32
1962
 
464,000,000
0.168
2,760,918,720
117.0
5.18
1963
 
487,780,000
0.170
2,868,113,130
121.5
3.88
1964
 
522,633,000
0.173
3,029,054,132
128.3
5.61
1965
 
564,444,000
0.175
3,225,025,711
136.6
6.47
1966
 
612,713,000
0.179
3,414,584,262
144.7
5.88
1967
 
656,828,000
0.184
3,570,687,687
151.3
4.57
1968
 
720,877,000
0.191
3,771,263,406
159.8
5.62
1969
 
791,229,000
0.200
3,960,898,078
167.8
5.03
1970
 
855,525,000
0.209
4,091,463,415
173.4
3.30
1971
 
924,613,000
0.218
4,241,733,187
179.7
3.67
1972
 
1,016,408,000
0.225
4,508,952,178
191.0
6.30
1973
 
1,133,468,000
0.238
4,771,291,463
202.2
5.82
1974
 
1,244,912,000
0.262
4,746,318,960
201.1
-0.52
1975
 
1,362,505,000
0.284
4,795,020,236
203.2
1.03
1976
 
1,495,704,000
0.300
4,990,004,671
211.4
4.07
1977
 
1,651,632,000
0.319
5,173,799,455
219.2
3.68
1978
 
1,855,849,000
0.341
5,435,199,883
230.3
5.05
1979
 
2,073,257,000
0.372
5,576,569,477
236.3
2.60
1980
 
2,313,160,000
0.412
5,616,920,014
238.0
0.72
1981
 
2,592,915,000
0.449
5,778,598,650
244.8
2.88
1982
 
2,779,794,000
0.474
5,869,125,689
248.7
1.57
1983
 
2,968,676,000
0.494
6,012,143,060
254.7
2.44
1984
 
3,279,488,000
0.512
6,399,875,105
271.2
6.45
1985
 
3,510,471,000
0.530
6,619,658,313
280.5
3.43
1986
 
3,719,647,000
0.542
6,864,843,865
290.9
3.70
1987
 
3,946,593,000
0.559
7,065,782,831
299.4
2.93
1988
 
4,267,813,000
0.580
7,353,480,478
311.6
4.07
1989
 
4,609,667,000
0.606
7,610,227,498
322.5
3.49
1990
 
4,897,821,000
0.632
7,745,917,351
328.2
1.78
1991
 
5,067,291,000
0.653
7,754,672,890
328.6
0.11
1992
 
5,409,920,000
0.671
8,064,036,251
341.7
3.99
1993
 
5,648,732,000
0.688
8,215,381,483
348.1
1.88
1994
 
5,940,128,000
0.702
8,462,564,643
358.6
3.01
1995
 
6,286,143,000
0.717
8,770,831,996
371.6
3.64
1996
 
6,673,186,000
0.732
9,115,876,182
386.3
3.93
1997
 
7,086,935,000
0.745
9,515,474,368
403.2
4.38
1998
 
7,601,594,000
0.751
10,126,007,726
429.1
6.42
1999
 
8,006,585,000
0.762
10,512,295,835
445.4
3.81
2000
 
8,654,561,000
0.781
11,082,803,176
469.6
5.43
2001
 
9,009,842,000
0.797
11,310,939,540
479.3
2.06
2002
 
9,157,682,000
0.807
11,347,527,942
480.8
0.32
2003
 
9,491,393,000
0.824
11,518,960,412
488.1
1.51
2004
 
10,037,313,000
0.844
11,886,495,032
503.6
3.19
2005
 
10,599,603,000
0.869
12,200,841,429
517.0
2.64
2006
 
11,374,142,000
0.893
12,733,863,998
539.5
4.37
2007
 
12,014,107,000
0.916
13,113,833,039
555.6
2.98
2008
 
12,475,898,000
0.943
13,226,501,988
560.4
0.86
2009
 
12,073,407,000
0.941
12,835,583,977
543.9
-2.96
2010
 
12,586,509,000
0.957
13,145,590,985
557.0
2.42
2011
 
13,330,436,000
0.982
13,578,930,427
575.4
3.30
2012
 
14,003,346,000
1.000
14,003,346,000
593.3
3.13
2013
 
14,189,228,000
1.014
13,999,672,435
593.2
-0.03
2014
 
14,969,527,000
1.029
14,549,483,414
616.5
3.93
2015
 
15,681,233,000
1.031
15,207,371,310
644.4
4.52
2016
 
16,092,713,000
1.041
15,451,773,438
654.7
1.61
2017
 
16,837,337,000
1.061
15,876,192,317
672.7
2.75
2018
 
17,671,054,000
1.083
16,314,201,834
691.3
2.76
2019
 
18,575,467,000
1.099
16,897,080,040
716.0
3.57
2020
 
19,812,171,000
1.111
17,825,517,117
755.3
5.49
2021
 
21,288,709,000
1.156
18,412,493,405
780.2
3.29
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
September 2022
REAP_PI_SA1400_300_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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