Urban Honolulu MSA vs. Hawaii
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Urban Honolulu MSA vs. Hawaii
Urban Honolulu MSA:
2022 TPI = $64,652,972K
2022 Percent of State = 0.33%
Hawaii:
2022 TPI = $88,973,337K
2022 Percent of U.S. = 0.41%
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 Urban Honolulu MSA and Hawaii 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.
Urban Honolulu MSA Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Urban Honolulu MSA Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Urban Honolulu MSA'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 Urban Honolulu MSA over time.
When measured in current dollars, the Urban Honolulu MSA's total personal income increased 1,678.64%, from $3,635M in 1970 to $64,653M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 202.96%, from $18,390M in 1970 to $55,715M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks the Urban Honolulu MSA's and Hawaii'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 Urban Honolulu MSA's real total personal income rose from $16,590M in 1969 to $55,715M in 2022, for a net gain of $39,124M, or 235.83%. In comparison, Hawaii's real total personal income increased from $19,293M in 1969 to $76,673M in 2022, for a net advance of $57,379M, or 297.40%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows the Urban Honolulu MSA's real total personal income growth in a broader context by offering direct comparisons across time with Hawaii, 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 Urban Honolulu MSA's overall real total personal income growth was 235.83% over 1969-2022 trailed Hawaii's increase of 297.40%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Hawaii Total: 1969-2022
Total Personal Income as a Percent of the Hawaii Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of the Urban Honolulu MSA is to compare its individual percentage contributions to Hawaii's statewide 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 Hawaii's total personal income, while a declining share shows it grew more slowly.
In 1969, the Urban Honolulu MSA's total personal income comprised 85.99% of Hawaii's total personal income, while in 2022 it totaled 72.67% thereby yielding a -13.32% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-13.32%
=
72.67%
-
85.99%
 
   
Urban Honolulu MSA Real Total Personal Income:
Annual Percent Change, 1970-2022
Urban Honolulu MSA Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of the Urban Honolulu MSA'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 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, the Urban Honolulu MSA's real total personal income grew at an annual rate of 2.34% over 1970-2022. The Urban Honolulu MSA recorded its highest growth in 1970 (10.85%) and posted its lowest growth in 2022 (-5.84%). In 2022, the Urban Honolulu MSA's real total personal income declined by -5.84%
Urban Honolulu MSA Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Urban Honolulu MSA Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some msas 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 Urban Honolulu MSA'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 Urban Honolulu MSA's annual real total personal income growth rate averaged 3.73%. It averaged 3.06% during the 1980s, 1.18% in the 1990s, 2.79% during the 2000s, 1.65% throughout the 2010s, 0.00% 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 Urban Honolulu MSA noted in the previous graph with the corresponding decade averages for Hawaii and the nation. As the chart reveals, the Urban Honolulu MSA's average annual real total personal income growth amounted to less than Hawaii's average in the 1970s (3.73% vs. 4.04%), fell below Hawaii's average throughout the 1980s (3.06% vs. 3.42%), recorded under Hawaii's average throughout the 1990s (1.18% vs. 1.54%), lagged Hawaii's average throughout the 2000s (2.79% vs. 3.00%), amounted to less than Hawaii's average throughout the 2010s (1.65% vs. 2.00%), and lagged Hawaii's average over the 3 year period of the current decade, 2020-2022 (0.00% vs. 0.45%).
Finally, relative to nationwide real total personal income growth trends, the Urban Honolulu MSA outgained the nation throughout the 1970s (3.73% vs. 3.50%), fell under the nation during the 1980s (3.06% vs. 3.16%), fell below the nation in the 1990s (1.18% vs. 3.27%), led the nation throughout the 2000s (2.79% vs. 2.06%), recorded underneath the nation during the 2010s (1.65% vs. 2.72%), and trailed the nation over 2020-2022 (0.00% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.34
3.73
3.06
1.18
2.79
1.65
0.00
-5.84
 
2.67
4.04
3.42
1.54
3.00
2.00
0.45
-6.04
 
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.

   
 
Urban Honolulu MSA:
Total Personal Income, 1969-2022
 
1969
 
3,132,729
0.189
16,590,208
100.0
N
0.46
1970
 
3,634,964
0.198
18,389,983
110.8
10.85
0.49
1971
 
3,926,337
0.206
19,055,263
114.9
3.62
0.49
1972
 
4,327,655
0.213
20,310,001
122.4
6.58
0.49
1973
 
4,791,314
0.225
21,337,404
128.6
5.06
0.49
1974
 
5,274,604
0.248
21,274,569
128.2
-0.29
0.49
1975
 
5,821,193
0.269
21,672,349
130.6
1.87
0.50
1976
 
6,281,530
0.283
22,170,367
133.6
2.30
0.49
1977
 
6,771,327
0.302
22,439,445
135.3
1.21
0.48
1978
 
7,496,119
0.323
23,225,056
140.0
3.50
0.47
1979
 
8,373,566
0.351
23,827,123
143.6
2.59
0.47
1980
 
9,425,648
0.389
24,213,029
145.9
1.62
0.47
1981
 
10,308,336
0.424
24,303,515
146.5
0.37
0.46
1982
 
10,886,978
0.448
24,317,031
146.6
0.06
0.46
1983
 
11,854,809
0.467
25,398,083
153.1
4.45
0.46
1984
 
12,743,337
0.484
26,308,010
158.6
3.58
0.45
1985
 
13,544,474
0.501
27,019,777
162.9
2.71
0.45
1986
 
14,293,368
0.512
27,906,378
168.2
3.28
0.44
1987
 
15,183,700
0.528
28,755,918
173.3
3.04
0.44
1988
 
16,642,308
0.549
30,333,196
182.8
5.49
0.45
1989
 
18,415,533
0.573
32,160,691
193.9
6.02
0.46
1990
 
20,037,018
0.598
33,520,733
202.1
4.23
0.47
1991
 
21,121,509
0.618
34,191,584
206.1
2.00
0.48
1992
 
22,655,743
0.634
35,723,341
215.3
4.48
0.48
1993
 
23,374,634
0.650
35,960,975
216.8
0.67
0.47
1994
 
23,836,238
0.664
35,921,752
216.5
-0.11
0.46
1995
 
24,313,163
0.678
35,884,469
216.3
-0.10
0.44
1996
 
24,240,372
0.692
35,027,921
211.1
-2.39
0.42
1997
 
24,990,036
0.704
35,493,681
213.9
1.33
0.40
1998
 
25,315,931
0.710
35,672,821
215.0
0.50
0.38
1999
 
25,979,221
0.720
36,081,750
217.5
1.15
0.37
2000
 
27,403,301
0.738
37,120,778
223.8
2.88
0.36
2001
 
28,517,410
0.753
37,870,721
228.3
2.02
0.36
2002
 
29,909,676
0.763
39,204,724
236.3
3.52
0.37
2003
 
31,225,086
0.779
40,086,638
241.6
2.25
0.37
2004
 
33,288,785
0.798
41,701,160
251.4
4.03
0.38
2005
 
35,529,404
0.821
43,261,539
260.8
3.74
0.38
2006
 
37,941,381
0.844
44,932,948
270.8
3.86
0.38
2007
 
39,940,512
0.866
46,116,956
278.0
2.64
0.38
2008
 
41,991,888
0.892
47,091,946
283.9
2.11
0.38
2009
 
42,217,847
0.889
47,477,926
286.2
0.82
0.40
2010
 
43,034,473
0.905
47,544,549
286.6
0.14
0.39
2011
 
45,036,398
0.928
48,528,510
292.5
2.07
0.38
2012
 
46,379,847
0.945
49,061,551
295.7
1.10
0.38
2013
 
46,853,344
0.958
48,917,159
294.9
-0.29
0.38
2014
 
49,166,352
0.971
50,623,812
305.1
3.49
0.38
2015
 
51,195,028
0.973
52,616,191
317.2
3.94
0.37
2016
 
53,039,739
0.983
53,965,792
325.3
2.56
0.37
2017
 
54,939,450
1.000
54,939,450
331.2
1.80
0.37
2018
 
55,814,960
1.020
54,695,346
329.7
-0.44
0.36
2019
 
57,828,675
1.035
55,866,099
336.7
2.14
0.35
2020
 
61,014,686
1.046
58,311,928
351.5
4.38
0.35
2021
 
64,493,233
1.090
59,167,561
356.6
1.47
0.34
2022
 
64,652,972
1.160
55,714,668
335.8
-5.84
0.33
Source: Calculations by the Hawaii Regional Economic Analysis Project (HI-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.

   
 
Hawaii:
Total Personal Income, 1969-2022
 
1969
 
3,643,173
0.189
19,293,401
100.0
N
0.46
1970
 
4,224,922
0.198
21,374,694
110.8
10.79
0.49
1971
 
4,584,077
0.206
22,247,401
115.3
4.08
0.50
1972
 
5,047,834
0.213
23,689,854
122.8
6.48
0.50
1973
 
5,592,618
0.225
24,905,892
129.1
5.13
0.49
1974
 
6,360,651
0.248
25,655,028
133.0
3.01
0.51
1975
 
6,919,030
0.269
25,759,605
133.5
0.41
0.51
1976
 
7,465,926
0.283
26,350,637
136.6
2.29
0.50
1977
 
8,084,039
0.302
26,789,631
138.9
1.67
0.49
1978
 
8,953,923
0.323
27,741,737
143.8
3.55
0.48
1979
 
10,043,646
0.351
28,579,364
148.1
3.02
0.48
1980
 
11,488,240
0.389
29,511,508
153.0
3.26
0.50
1981
 
12,428,268
0.424
29,301,587
151.9
-0.71
0.48
1982
 
13,160,145
0.448
29,394,351
152.4
0.32
0.47
1983
 
14,446,790
0.467
30,951,217
160.4
5.30
0.49
1984
 
15,457,731
0.484
31,911,747
165.4
3.10
0.47
1985
 
16,446,468
0.501
32,808,945
170.1
2.81
0.47
1986
 
17,452,179
0.512
34,073,643
176.6
3.85
0.47
1987
 
18,560,772
0.528
35,151,646
182.2
3.16
0.47
1988
 
20,464,837
0.549
37,300,350
193.3
6.11
0.48
1989
 
22,855,530
0.573
39,914,654
206.9
7.01
0.50
1990
 
24,977,065
0.598
41,785,136
216.6
4.69
0.51
1991
 
26,454,570
0.618
42,824,764
222.0
2.49
0.52
1992
 
28,421,050
0.634
44,814,018
232.3
4.65
0.53
1993
 
29,455,484
0.650
45,316,129
234.9
1.12
0.52
1994
 
30,134,945
0.664
45,414,047
235.4
0.22
0.51
1995
 
30,825,954
0.678
45,496,877
235.8
0.18
0.49
1996
 
30,840,471
0.692
44,565,223
231.0
-2.05
0.46
1997
 
31,735,794
0.704
45,074,771
233.6
1.14
0.45
1998
 
32,355,666
0.710
45,592,551
236.3
1.15
0.43
1999
 
33,425,568
0.720
46,423,755
240.6
1.82
0.42
2000
 
35,403,074
0.738
47,957,349
248.6
3.30
0.41
2001
 
36,996,752
0.753
49,131,168
254.7
2.45
0.41
2002
 
38,865,557
0.763
50,943,830
264.0
3.69
0.42
2003
 
40,734,228
0.779
52,294,436
271.0
2.65
0.43
2004
 
43,729,204
0.798
54,779,967
283.9
4.75
0.44
2005
 
46,898,050
0.821
57,104,302
296.0
4.24
0.44
2006
 
50,182,645
0.844
59,429,944
308.0
4.07
0.44
2007
 
53,022,490
0.866
61,221,945
317.3
3.02
0.44
2008
 
55,802,589
0.892
62,580,003
324.4
2.22
0.45
2009
 
55,408,952
0.889
62,312,561
323.0
-0.43
0.46
2010
 
56,649,440
0.905
62,586,384
324.4
0.44
0.45
2011
 
59,226,400
0.928
63,818,801
330.8
1.97
0.45
2012
 
61,161,571
0.945
64,697,962
335.3
1.38
0.44
2013
 
61,983,441
0.958
64,713,713
335.4
0.02
0.44
2014
 
65,182,153
0.971
67,114,376
347.9
3.71
0.44
2015
 
68,200,770
0.973
70,094,009
363.3
4.44
0.44
2016
 
70,744,808
0.983
71,979,985
373.1
2.69
0.45
2017
 
73,646,392
1.000
73,646,392
381.7
2.32
0.44
2018
 
75,266,429
1.020
73,756,631
382.3
0.15
0.43
2019
 
78,551,759
1.035
75,885,888
393.3
2.89
0.43
2020
 
82,761,296
1.046
79,095,232
410.0
4.23
0.42
2021
 
88,947,977
1.090
81,602,900
423.0
3.17
0.42
2022
 
88,973,337
1.160
76,672,731
397.4
-6.04
0.41
Source: Calculations by the Hawaii Regional Economic Analysis Project (HI-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 Hawaii Regional Economic Analysis Project (HI-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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