Southeast vs. United States
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1958-2022
Introduction
Southeast vs. United States
Southeast:
2022 TPI = $5,102,324,248K
2022 Percent of U.S. = 23.38%
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 the Southeast. 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.
Southeast Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Southeast Total Personal Income, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Southeast'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 the Southeast over time.
When measured in current dollars, the Southeast's total personal income increased 7,797.99%, from $64,603M in 1959 to $5,102,324M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 940.65%, from $422,517M in 1959 to $4,396,925M in 2022.
Real Total Personal Income Indices (1958=100): 1958-2022
Real Total Personal Income Indices (1958=100): 1958-2022
Figure 2.
Figure 2 shows the Southeast'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.
The Southeast's overall real total personal income growth was 998.05% over 1958-2022 outpaced 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 highlighting the total personal income growth of the Southeast 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, the Southeast's total personal income comprised 16.04% of the United States' total personal income, while in 2022 it comprised 23.38% thereby yielding a +7.35% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
+7.35%
=
23.38%
-
16.04%
 
   
Southeast Real Total Personal Income:
Annual Percent Change, 1959-2022
Southeast Real Total Personal Income:
Annual Percent Change, 1959-2022
Figure 4.
Figure 4 shows the short-run pattern of the Southeast'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, the Southeast's real total personal income grew at an annual rate of 3.84% over 1959-2022. The Southeast posted its highest growth in 1972 (8.66%) and posted its lowest growth in 2022 (-3.20%). In 2022, the Southeast's real total personal income declined by -3.20%
Southeast Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Southeast Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1959-2022
Figure 5.
Over the past six decades some BEA regions 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 the Southeast'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, the Southeast's annual real total personal income growth rate averaged 5.71%. It averaged 4.82% in the 1970s, 3.80% during the 1980s, 3.72% in the 1990s, 2.42% during the 2000s, 2.68% throughout the 2010s, 2.89% 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 the Southeast noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total personal income growth trends, the Southeast surpassed the nation throughout the 1960s (5.71% vs. 4.82%), led the nation throughout the 1970s (4.82% vs. 3.50%), recorded above the nation throughout the 1980s (3.80% vs. 3.16%), outgained the nation throughout the 1990s (3.72% vs. 3.27%), recorded above the nation throughout the 2000s (2.42% vs. 2.06%), lagged the nation over the 2010s (2.68% vs. 2.72%), and surpassed the nation over 2020-2022 (2.89% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.84
5.71
4.82
3.80
3.72
2.42
2.68
2.89
-3.20
 
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.

   
 
Southeast:
Total Personal Income, 1958-2022
 
1958
 
60,328,595
0.151
400,428,747
100.0
N
16.04
1959
 
64,602,805
0.153
422,516,710
105.5
5.52
16.14
1960
 
66,930,028
0.155
430,667,447
107.6
1.93
16.02
1961
 
70,593,318
0.157
449,581,697
112.3
4.39
16.19
1962
 
75,390,374
0.159
474,571,157
118.5
5.56
16.25
1963
 
80,424,635
0.161
500,246,532
124.9
5.41
16.49
1964
 
86,834,624
0.163
532,433,773
133.0
6.43
16.61
1965
 
94,367,892
0.165
570,405,537
142.4
7.13
16.72
1966
 
103,487,198
0.170
610,112,003
152.4
6.96
16.89
1967
 
112,233,852
0.174
645,430,169
161.2
5.79
17.09
1968
 
124,347,554
0.181
688,181,715
171.9
6.62
17.25
1969
 
138,939,401
0.189
735,790,928
183.8
6.92
17.56
1970
 
152,550,037
0.198
771,780,011
192.7
4.89
17.83
1971
 
168,335,180
0.206
816,962,776
204.0
5.85
18.21
1972
 
189,158,983
0.213
887,736,920
221.7
8.66
18.61
1973
 
214,955,905
0.225
957,274,126
239.1
7.83
18.96
1974
 
239,478,074
0.248
965,910,031
241.2
0.90
19.24
1975
 
262,258,205
0.269
976,389,445
243.8
1.08
19.25
1976
 
291,459,667
0.283
1,028,693,280
256.9
5.36
19.49
1977
 
323,485,409
0.302
1,071,995,656
267.7
4.21
19.59
1978
 
367,595,001
0.323
1,138,911,268
284.4
6.24
19.81
1979
 
412,948,918
0.351
1,175,053,120
293.4
3.17
19.92
1980
 
465,607,174
0.389
1,196,072,683
298.7
1.79
20.12
1981
 
526,368,094
0.424
1,240,995,153
309.9
3.76
20.32
1982
 
564,135,608
0.448
1,260,046,923
314.7
1.54
20.31
1983
 
608,092,018
0.467
1,302,793,766
325.3
3.39
20.48
1984
 
674,730,316
0.484
1,392,948,484
347.9
6.92
20.60
1985
 
725,986,812
0.501
1,448,266,063
361.7
3.97
20.69
1986
 
773,596,175
0.512
1,510,369,541
377.2
4.29
20.81
1987
 
823,371,213
0.528
1,559,356,110
389.4
3.24
20.94
1988
 
898,156,572
0.549
1,637,030,114
408.8
4.98
21.06
1989
 
976,354,172
0.573
1,705,094,518
425.8
4.16
21.20
1990
 
1,039,794,752
0.598
1,739,514,433
434.4
2.02
21.23
1991
 
1,090,442,782
0.618
1,765,213,167
440.8
1.48
21.50
1992
 
1,168,699,943
0.634
1,842,793,981
460.2
4.39
21.62
1993
 
1,234,195,687
0.650
1,898,762,595
474.2
3.04
21.87
1994
 
1,308,801,029
0.664
1,972,392,894
492.6
3.88
22.06
1995
 
1,393,998,169
0.678
2,057,440,401
513.8
4.31
22.20
1996
 
1,478,651,632
0.692
2,136,687,184
533.6
3.85
22.20
1997
 
1,570,171,559
0.704
2,230,135,582
556.9
4.37
22.21
1998
 
1,687,080,865
0.710
2,377,275,163
593.7
6.60
22.25
1999
 
1,768,029,965
0.720
2,455,563,069
613.2
3.29
22.16
2000
 
1,894,414,674
0.738
2,566,192,563
640.9
4.51
21.98
2001
 
1,983,492,710
0.753
2,634,050,503
657.8
2.64
22.06
2002
 
2,039,761,239
0.763
2,673,659,067
667.7
1.50
22.30
2003
 
2,130,883,479
0.779
2,735,619,533
683.2
2.32
22.49
2004
 
2,277,222,870
0.798
2,852,697,546
712.4
4.28
22.75
2005
 
2,430,426,992
0.821
2,959,351,970
739.0
3.74
23.06
2006
 
2,603,706,315
0.844
3,083,498,715
770.0
4.20
23.06
2007
 
2,746,354,273
0.866
3,171,053,463
791.9
2.84
23.03
2008
 
2,846,346,981
0.892
3,192,045,510
797.2
0.66
22.91
2009
 
2,766,762,966
0.889
3,111,484,313
777.0
-2.52
22.94
2010
 
2,882,036,977
0.905
3,184,078,681
795.2
2.33
22.97
2011
 
3,031,479,325
0.928
3,266,539,508
815.8
2.59
22.79
2012
 
3,151,999,853
0.945
3,334,249,956
832.7
2.07
22.67
2013
 
3,160,319,696
0.958
3,299,526,729
824.0
-1.04
22.47
2014
 
3,326,260,902
0.971
3,424,862,699
855.3
3.80
22.51
2015
 
3,493,964,341
0.973
3,590,956,064
896.8
4.85
22.59
2016
 
3,598,072,267
0.983
3,660,893,194
914.2
1.95
22.65
2017
 
3,786,490,285
1.000
3,786,490,285
945.6
3.43
22.73
2018
 
3,978,126,720
1.020
3,898,327,947
973.5
2.95
22.71
2019
 
4,189,538,276
1.035
4,047,354,705
1,010.8
3.82
22.84
2020
 
4,480,458,274
1.046
4,281,988,124
1,069.4
5.80
22.85
2021
 
4,950,934,498
1.090
4,542,100,071
1,134.3
6.07
23.14
2022
 
5,102,324,248
1.160
4,396,925,491
1,098.1
-3.20
23.38
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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