Nonmetropolitan U.S. vs. Rhode Island
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Nonmetropolitan U.S. vs. Rhode Island
Nonmetropolitan U.S.:
2022 TPI = $2,314,026,455K
2022 Percent of State = 10.60%
Rhode Island:
2022 TPI = $69,514,211K
2022 Percent of U.S. = 0.32%
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 county 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 Nonmetropolitan U.S. and Rhode Island with comparison to the nation. 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 received by persons from participation in production, plus transfer receipts from government and business, plus government interest (which is treated like a transfer receipt). It is defined as the sum of wages and salaries, 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. Because the personal income of an area represents the income that is received by, or on behalf of, all the persons who live in that area, and because the estimates of some components of personal income (wages and salaries, supplements to wages and salaries, and contributions for government social insurance) are made on a place-of-work basis, state personal income includes an adjustment for residence. The residence adjustment represents the net flow of compensation (less contributions for government social insurance) of interstate commuters.
Nonmetropolitan U.S. Total Personal Income, 1970-2022
Current vs. Constant Dollars (Billions)
Nonmetropolitan U.S. Total Personal Income, 1970-2022
Current vs. Constant Dollars (Billions)
Figure 1.
Figure 1 depicts the Nonmetropolitan U.S.'s annual total personal income over 1970-2022 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 Nonmetropolitan U.S. over time.
When measured in current dollars, the Nonmetropolitan U.S.'s total personal income increased 1,891.33%, from $116B in 1970 to $2,314B in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 239.19%, from $588B in 1970 to $1,994B in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces the Nonmetropolitan U.S.'s and Rhode Island's annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, the Nonmetropolitan U.S.'s real total personal income rose from $567,395M in 1969 to $1,994,111M in 2022, for a net gain of $1,426,716M, or 251.45%. In comparison, Rhode Island's real total personal income increased from $19,816M in 1969 to $59,904M in 2022, for a net gain of $40,088M, or 202.30%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows the Nonmetropolitan U.S.'s real total personal income growth in a broader context by offering direct comparisons across time with Rhode Island, the United States. The growth indices shown here express each region's real total personal income in 1969 as a base figure of 100, and the real total personal incomes in later years as a percentage of the 1969 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 Nonmetropolitan U.S.'s overall real total personal income growth was 251.45% over 1969-2022 outpaced Rhode Island's increase of 202.30%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the United States Total: 1969-2022
Total Personal Income as a Percent of the United States Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of the Nonmetropolitan U.S. and Rhode Island is to compare their individual percentage contributions to the United States' total total personal income over time, as shown in Figure 4. 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 they grew more slowly.
In 1969, the Nonmetropolitan U.S.'s total personal income comprised 13.54% of the United States' total personal income, while in 2022 it comprised 10.60% thereby yielding a -2.94% share-shift. Similarly, in 1969, Rhode Island's total personal income accounted for 0.47% of the United States' total personal income, while in 2022 it equated to 0.32%, resulting in a -0.15% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.15%
=
0.32%
-
0.47%
-2.94%
=
10.60%
-
13.54%
 
   
Nonmetropolitan U.S. Real Total Personal Income:
Annual Percent Change, 1970-2022
Nonmetropolitan U.S. Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of the Nonmetropolitan U.S.'s real total personal income growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-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 Nonmetropolitan U.S.'s real total personal income grew at an annual rate of 2.43% over 1970-2022. The Nonmetropolitan U.S. recorded its highest growth in 1973 (11.09%) and recorded its lowest growth in 2022 (-4.83%). In 2022, the Nonmetropolitan U.S.'s real total personal income declined by -4.83%
Nonmetropolitan U.S. Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Nonmetropolitan U.S. Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some nonmetropolitan regions have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in the Nonmetropolitan U.S.'s real total personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, the Nonmetropolitan U.S.'s annual real total personal income growth rate averaged 4.11%. It averaged 1.80% during the 1980s, 2.68% in the 1990s, 1.95% throughout the 2000s, 1.63% during the 2010s, 2.32% 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 7.
Figure 7 compares the decade average growth rates for the Nonmetropolitan U.S. noted in the previous graph with the corresponding decade averages for Rhode Island and the nation. As the chart reveals, the Nonmetropolitan U.S.'s average annual real total personal income growth outgained Rhode Island's average during the 1970s (4.11% vs. 1.88%), fell below Rhode Island's average during the 1980s (1.80% vs. 3.83%), outperformed Rhode Island's average in the 1990s (2.68% vs. 1.75%), recorded above Rhode Island's average in the 2000s (1.95% vs. 1.61%), recorded under Rhode Island's average during the 2010s (1.63% vs. 1.95%), and outpaced Rhode Island's average over the 3 year period of the current decade, 2020-2022 (2.32% vs. 1.08%).
Finally, relative to nationwide real total personal income growth trends, the Nonmetropolitan U.S. exceeded the nation during the 1970s (4.11% vs. 3.50%), fell below the nation in the 1980s (1.80% vs. 3.16%), fell under the nation throughout the 1990s (2.68% vs. 3.27%), fell below the nation over the 2000s (1.95% vs. 2.06%), lagged the nation over the 2010s (1.63% vs. 2.72%), and outpaced the nation over 2020-2022 (2.32% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.43
4.11
1.80
2.68
1.95
1.63
2.32
-4.83
 
2.14
1.88
3.83
1.75
1.61
1.95
1.08
-6.50
 
2.89
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.

   
 
Nonmetropolitan U.S.:
Total Personal Income, 1969-2022
 
1969
 
107,141,223
0.189
567,395,133
100.0
N
13.54
1970
 
116,205,291
0.198
587,904,943
103.6
3.61
13.58
1971
 
126,564,063
0.206
614,239,568
108.3
4.48
13.69
1972
 
141,314,314
0.213
663,198,395
116.9
7.97
13.90
1973
 
165,434,676
0.225
736,738,704
129.8
11.09
14.60
1974
 
178,599,143
0.248
720,361,162
127.0
-2.22
14.35
1975
 
196,701,464
0.269
732,321,162
129.1
1.66
14.44
1976
 
214,639,825
0.283
757,561,236
133.5
3.45
14.35
1977
 
236,171,216
0.302
782,645,864
137.9
3.31
14.30
1978
 
266,242,160
0.323
824,892,056
145.4
5.40
14.35
1979
 
296,830,826
0.351
844,637,128
148.9
2.39
14.32
1980
 
323,063,134
0.389
829,899,132
146.3
-1.74
13.96
1981
 
364,134,984
0.424
858,505,208
151.3
3.45
14.05
1982
 
386,441,249
0.448
863,150,810
152.1
0.54
13.91
1983
 
405,385,860
0.467
868,510,284
153.1
0.62
13.65
1984
 
447,037,489
0.484
922,887,527
162.7
6.26
13.65
1985
 
467,715,411
0.501
933,042,234
164.4
1.10
13.33
1986
 
484,732,288
0.512
946,391,550
166.8
1.43
13.04
1987
 
503,365,211
0.528
953,307,093
168.0
0.73
12.80
1988
 
533,517,297
0.549
972,418,294
171.4
2.00
12.51
1989
 
576,979,271
0.573
1,007,630,448
177.6
3.62
12.53
1990
 
607,606,086
0.598
1,016,488,642
179.2
0.88
12.41
1991
 
632,227,501
0.618
1,023,452,425
180.4
0.69
12.46
1992
 
677,267,764
0.634
1,067,908,805
188.2
4.34
12.53
1993
 
706,784,984
0.650
1,087,361,514
191.6
1.82
12.52
1994
 
747,716,862
0.664
1,126,826,304
198.6
3.63
12.60
1995
 
778,929,602
0.678
1,149,643,714
202.6
2.02
12.41
1996
 
828,059,835
0.692
1,196,566,384
210.9
4.08
12.43
1997
 
869,045,637
0.704
1,234,317,095
217.5
3.15
12.29
1998
 
913,477,671
0.710
1,287,186,539
226.9
4.28
12.04
1999
 
944,508,268
0.720
1,311,798,820
231.2
1.91
11.84
2000
 
998,039,513
0.738
1,351,954,042
238.3
3.06
11.58
2001
 
1,048,989,445
0.753
1,393,043,272
245.5
3.04
11.67
2002
 
1,067,258,389
0.763
1,398,930,921
246.6
0.42
11.67
2003
 
1,113,302,802
0.779
1,429,253,604
251.9
2.17
11.75
2004
 
1,174,432,205
0.798
1,471,221,773
259.3
2.94
11.73
2005
 
1,221,652,725
0.821
1,487,516,560
262.2
1.11
11.59
2006
 
1,281,671,956
0.844
1,517,849,308
267.5
2.04
11.35
2007
 
1,354,708,412
0.866
1,564,201,984
275.7
3.05
11.36
2008
 
1,437,169,961
0.892
1,611,719,144
284.1
3.04
11.57
2009
 
1,413,769,857
0.889
1,589,916,732
280.2
-1.35
11.72
2010
 
1,472,833,472
0.905
1,627,188,581
286.8
2.34
11.74
2011
 
1,556,946,119
0.928
1,677,671,349
295.7
3.10
11.71
2012
 
1,601,316,787
0.945
1,693,905,671
298.5
0.97
11.52
2013
 
1,628,633,966
0.958
1,700,372,690
299.7
0.38
11.58
2014
 
1,679,829,343
0.971
1,729,625,254
304.8
1.72
11.37
2015
 
1,717,311,624
0.973
1,764,983,837
311.1
2.04
11.10
2016
 
1,723,890,854
0.983
1,753,989,311
309.1
-0.62
10.85
2017
 
1,784,632,909
1.000
1,784,632,909
314.5
1.75
10.71
2018
 
1,856,372,865
1.020
1,819,135,168
320.6
1.93
10.60
2019
 
1,934,158,678
1.035
1,868,517,653
329.3
2.71
10.54
2020
 
2,095,069,208
1.046
2,002,264,260
352.9
7.16
10.68
2021
 
2,283,825,007
1.090
2,095,233,078
369.3
4.64
10.68
2022
 
2,314,026,455
1.160
1,994,111,196
351.5
-4.83
10.60
Source: Calculations by the Rhode Island Regional Economic Analysis Project (RI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PSN
 
   

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

   
 
Rhode Island:
Total Personal Income, 1969-2022
 
1969
 
3,741,845
0.189
19,815,946
100.0
N
0.47
1970
 
4,092,971
0.198
20,707,128
104.5
4.50
0.48
1971
 
4,336,596
0.206
21,046,329
106.2
1.64
0.47
1972
 
4,721,967
0.213
22,160,536
111.8
5.29
0.46
1973
 
5,044,554
0.225
22,465,170
113.4
1.37
0.45
1974
 
5,288,914
0.248
21,332,287
107.7
-5.04
0.42
1975
 
5,742,437
0.269
21,379,140
107.9
0.22
0.42
1976
 
6,272,443
0.283
22,138,295
111.7
3.55
0.42
1977
 
6,864,937
0.302
22,749,659
114.8
2.76
0.42
1978
 
7,531,162
0.323
23,333,629
117.8
2.57
0.41
1979
 
8,362,745
0.351
23,796,332
120.1
1.98
0.40
1980
 
9,393,441
0.389
24,130,294
121.8
1.40
0.41
1981
 
10,455,116
0.424
24,649,572
124.4
2.15
0.40
1982
 
11,258,544
0.448
25,146,957
126.9
2.02
0.41
1983
 
12,185,542
0.467
26,106,654
131.7
3.82
0.41
1984
 
13,361,043
0.484
27,583,235
139.2
5.66
0.41
1985
 
14,402,385
0.501
28,731,218
145.0
4.16
0.41
1986
 
15,441,352
0.512
30,147,703
152.1
4.93
0.42
1987
 
16,481,698
0.528
31,214,155
157.5
3.54
0.42
1988
 
18,222,995
0.549
33,214,244
167.6
6.41
0.43
1989
 
19,829,194
0.573
34,629,493
174.8
4.26
0.43
1990
 
20,430,364
0.598
34,178,777
172.5
-1.30
0.42
1991
 
20,648,278
0.618
33,425,516
168.7
-2.20
0.41
1992
 
21,572,585
0.634
34,015,429
171.7
1.76
0.40
1993
 
22,483,684
0.650
34,590,283
174.6
1.69
0.40
1994
 
23,050,675
0.664
34,737,891
175.3
0.43
0.39
1995
 
24,278,996
0.678
35,834,041
180.8
3.16
0.39
1996
 
25,113,199
0.692
36,289,177
183.1
1.27
0.38
1997
 
26,554,301
0.704
37,715,427
190.3
3.93
0.38
1998
 
28,349,718
0.710
39,947,748
201.6
5.92
0.37
1999
 
29,581,071
0.720
41,084,250
207.3
2.84
0.37
2000
 
31,875,284
0.738
43,178,570
217.9
5.10
0.37
2001
 
33,611,758
0.753
44,635,943
225.3
3.38
0.37
2002
 
34,965,677
0.763
45,831,981
231.3
2.68
0.38
2003
 
36,700,205
0.779
47,115,574
237.8
2.80
0.39
2004
 
38,541,514
0.798
48,281,301
243.6
2.47
0.39
2005
 
39,241,318
0.821
47,781,263
241.1
-1.04
0.37
2006
 
41,162,032
0.844
48,747,077
246.0
2.02
0.36
2007
 
42,935,212
0.866
49,574,760
250.2
1.70
0.36
2008
 
43,768,605
0.892
49,084,451
247.7
-0.99
0.35
2009
 
42,764,925
0.889
48,093,167
242.7
-2.02
0.35
2010
 
44,973,874
0.905
49,687,202
250.7
3.31
0.36
2011
 
46,685,369
0.928
50,305,341
253.9
1.24
0.35
2012
 
48,186,451
0.945
50,972,614
257.2
1.33
0.35
2013
 
48,187,015
0.958
50,309,576
253.9
-1.30
0.34
2014
 
50,045,148
0.971
51,528,658
260.0
2.42
0.34
2015
 
51,775,192
0.973
53,212,461
268.5
3.27
0.33
2016
 
52,514,454
0.983
53,431,336
269.6
0.41
0.33
2017
 
54,704,265
1.000
54,704,265
276.1
2.38
0.33
2018
 
56,918,930
1.020
55,777,171
281.5
1.96
0.32
2019
 
60,313,567
1.035
58,266,659
294.0
4.46
0.33
2020
 
64,756,554
1.046
61,888,043
312.3
6.22
0.33
2021
 
69,837,337
1.090
64,070,364
323.3
3.53
0.33
2022
 
69,514,211
1.160
59,903,838
302.3
-6.50
0.32
Source: Calculations by the Rhode Island Regional Economic Analysis Project (RI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PSN
 
   

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, 1969-2022
 
1969
 
791,229,000
0.189
4,190,165,758
100.0
N
1970
 
855,525,000
0.198
4,328,265,709
103.3
3.30
1971
 
924,613,000
0.206
4,487,323,465
107.1
3.67
1972
 
1,016,408,000
0.213
4,770,076,966
113.8
6.30
1973
 
1,133,468,000
0.225
5,047,731,018
120.5
5.82
1974
 
1,244,912,000
0.248
5,021,223,733
119.8
-0.53
1975
 
1,362,505,000
0.269
5,072,617,275
121.1
1.02
1976
 
1,495,704,000
0.283
5,279,017,400
126.0
4.07
1977
 
1,651,632,000
0.302
5,473,329,799
130.6
3.68
1978
 
1,855,849,000
0.323
5,749,934,936
137.2
5.05
1979
 
2,073,296,000
0.351
5,899,598,782
140.8
2.60
1980
 
2,313,972,000
0.389
5,944,235,512
141.9
0.76
1981
 
2,590,995,000
0.424
6,108,676,176
145.8
2.77
1982
 
2,777,640,000
0.448
6,204,105,336
148.1
1.56
1983
 
2,969,333,000
0.467
6,361,584,112
151.8
2.54
1984
 
3,275,415,000
0.484
6,761,937,695
161.4
6.29
1985
 
3,508,482,000
0.501
6,999,046,441
167.0
3.51
1986
 
3,717,756,000
0.512
7,258,548,586
173.2
3.71
1987
 
3,931,800,000
0.528
7,446,308,852
177.7
2.59
1988
 
4,264,433,000
0.549
7,772,592,728
185.5
4.38
1989
 
4,605,107,000
0.573
8,042,309,775
191.9
3.47
1990
 
4,897,332,000
0.598
8,192,943,538
195.5
1.87
1991
 
5,072,291,000
0.618
8,211,045,100
196.0
0.22
1992
 
5,406,546,000
0.634
8,524,985,809
203.5
3.82
1993
 
5,643,648,000
0.650
8,682,535,385
207.2
1.85
1994
 
5,933,938,000
0.664
8,942,579,420
213.4
3.00
1995
 
6,278,125,000
0.678
9,266,058,093
221.1
3.62
1996
 
6,660,854,000
0.692
9,625,094,288
229.7
3.87
1997
 
7,068,422,000
0.704
10,039,373,926
239.6
4.30
1998
 
7,584,003,000
0.710
10,686,661,406
255.0
6.45
1999
 
7,978,449,000
0.720
11,081,025,264
264.5
3.69
2000
 
8,620,234,000
0.738
11,677,052,911
278.7
5.38
2001
 
8,990,104,000
0.753
11,938,732,039
284.9
2.24
2002
 
9,146,700,000
0.763
11,989,225,466
286.1
0.42
2003
 
9,474,684,000
0.779
12,163,560,736
290.3
1.45
2004
 
10,008,929,000
0.798
12,538,275,270
299.2
3.08
2005
 
10,540,800,000
0.821
12,834,755,927
306.3
2.36
2006
 
11,291,446,000
0.844
13,372,153,008
319.1
4.19
2007
 
11,925,044,000
0.866
13,769,145,681
328.6
2.97
2008
 
12,423,410,000
0.892
13,932,275,429
332.5
1.18
2009
 
12,058,253,000
0.889
13,560,635,845
323.6
-2.67
2010
 
12,547,501,000
0.905
13,862,497,514
330.8
2.23
2011
 
13,299,818,000
0.928
14,331,082,712
342.0
3.38
2012
 
13,905,749,000
0.945
14,709,785,897
351.1
2.64
2013
 
14,063,283,000
0.958
14,682,748,144
350.4
-0.18
2014
 
14,778,160,000
0.971
15,216,235,418
363.1
3.63
2015
 
15,467,113,000
0.973
15,896,476,839
379.4
4.47
2016
 
15,884,741,000
0.983
16,162,082,333
385.7
1.67
2017
 
16,658,962,000
1.000
16,658,962,000
397.6
3.07
2018
 
17,514,402,000
1.020
17,163,073,878
409.6
3.03
2019
 
18,343,601,000
1.035
17,721,060,157
422.9
3.25
2020
 
19,609,985,000
1.046
18,741,324,605
447.3
5.76
2021
 
21,392,812,000
1.090
19,626,252,970
468.4
4.72
2022
 
21,820,248,000
1.160
18,803,588,325
448.8
-4.19
Source: Calculations by the Rhode Island Regional Economic Analysis Project (RI-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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