Personal income last published on March 25, 2015.
Personal Income for Pennsylvania
The population of Pennsylvania in 2014 was 12,787,209. Its rank was 6th in the nation.
Per Capita Personal Income
In 2014, Pennsylvania had a per capita personal income (PCPI) of $47,727. This PCPI ranked 17th in the United States and was 103 percent of the national average, $46,129. The 2014 PCPI reflected an increase of 3.3 percent from 2013. The 2013-2014 national change was 3.0 percent. In 2004, the PCPI of Pennsylvania was $34,668 and ranked 18th in the United States. The 2004-2014 compound annual growth rate of PCPI was 3.2 percent. The compound annual growth rate for the nation was 3.0 percent.
Per Capita Personal Income, 2014
Per Capita Income as a Percent of the United States
Total Personal Income
In 2014, Pennsylvania had a total personal income (TPI) of $610,294,807*. This TPI ranked 6th in the United States . In 2004, the TPI of Pennsylvania was $430,261,075* and ranked 6th in the United States.
*Total personal income estimates are in thousands of dollars, not adjusted for inflation.
|2013-2014 percent change||2004-2014 CAGR|
|Pennsylvania||3.4 %||3.6 %|
|U.S.||3.9 %||3.9 %|
|CAGR: compound annual growth rate|
Components of Total Personal Income
Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Pennsylvania.
2013-2014 percent change
|Net earnings||3.4 %||4.0 %|
|Dividends, interest, and rent||3.4 %||3.4 %|
|Personal current transfer receipts||3.3 %||4.5 %|
|Net earnings||3.0 %||3.2 %|
|Dividends, interest, and rent||4.1 %||4.6 %|
|Personal current transfer receipts||5.1 %||5.9 %|
|CAGR: compound annual growth rate|
Percent Contribution to Total Personal Income
|Net earnings by place of residence|
|Dividends, interest, and rent|
|Personal current transfer receipts|
GDP last published on June 10, 2015.
GDP for Pennsylvania
Gross Domestic Product (GDP) by State
In 2014, Pennsylvania current-dollar GDP was $662.9 billion and ranked 6th in the United States. In 2004, Pennsylvania GDP was $481.9 billion and ranked 6th in the United States.
In 2014, Pennsylvania real GDP grew 1.8 percent; the 2013-2014 national change was 2.2 percent. The 2004-2014 compound annual growth rate for Pennsylvania real GDP was 1.0 percent; the compound annual growth rate for the nation was 1.4 percent.
GDP by State for Industries
In 2014, the largest industry in Pennsylvania was finance, insurance, real estate, rental, and leasing. This industry accounted for 19.4 percent of Pennsylvania GDP and had 2.3 percent real growth. The second largest industry was professional and business services, which accounted for 13.3 percent of Pennsylvania GDP and had 3.3 percent real growth.
The largest contributor to real GDP growth in Pennsylvania was finance, insurance, real estate, rental, and leasing. This industry accounted for 0.44 percentage point of the total growth in real GDP. The second largest contributor was professional and business services. This industry accounted for 0.43 percentage point of the total growth in real GDP.*
* The industry contributions, or sum thereof, may be larger than 100 percent (and the percentage points larger than the percent change) because growing and declining industries offset one another.
Top Five State Industries as a percent of Total GDP, 2014
|Durable goods manufacturing manufacturing||Educational services, health care, and social assistance|
|Finance, insurance, real estate, rental, and leasing||Government|
|Professional and business services||All others|