Personal Income by Major Component
Last Ten Calendar Years
(Expressed in Thousands)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Income by place of residence (seasonally adjusted)
Personal income $204,296,045 $217,101,744 $215,234,464 $222,404,940 $229,211,506 $233,710,888 $230,614,799 $239,829,273 $246,709,339 $252,249,206
Average Effective Rate for Personal Income 1/ 3.21% 3.25% 2.45% 2.56% 2.82% 3.14% 3.24% 3.27% 3.33% 3.24%
Derivation of personal income
Earnings by place of work 143,317,519 152,435,704 153,795,727 156,297,304 158,317,960 156,192,927 155,343,894 160,754,656 164,941,621 168,342,395
Less: Contributions for government social insurance 2/ 13,838,601 14,289,494 13,927,476 14,024,791 13,002,376 13,333,705 15,454,178 15,945,148 16,373,303 16,618,130
Employee and self-employed contributions for government social insurance 7,296,183 7,534,646 7,305,130 7,356,564 6,013,172 6,120,443 8,122,502 8,440,527 8,665,734 8,829,408
Employer contributions for government social insurance 6,542,418 6,754,848 6,622,346 6,668,227 6,989,204 7,213,262 7,331,676 7,504,621 7,707,569 7,788,722
Plus: Adjustment for residence 3/ 8,898,326 9,737,699 9,198,888 11,261,423 11,709,612 13,518,623 12,662,206 13,158,832 14,271,664 14,818,234
Equals: Net earnings by place of residence 138,377,244 147,883,909 149,067,139 153,533,936 157,025,196 156,377,845 152,551,922 157,968,340 162,839,982 166,542,499
Plus: Dividends, interest, and rent 4/ 44,463,066 44,650,263 38,927,922 39,824,720 43,030,842 47,804,030 48,198,709 51,244,356 52,179,464 52,952,710
Plus: Personal current transfer receipts 21,455,735 24,567,572 27,239,403 29,046,284 29,155,468 29,529,013 29,864,168 30,616,577 31,689,893 32,753,997
Components of earnings by place of work:
Wages and salaries 100,659,186 101,501,573 96,206,697 97,848,445 101,598,704 104,278,374 105,486,854 109,039,641 112,326,830 114,057,180
Supplements to wages and salaries 22,040,661 22,848,690 22,504,357 23,042,527 23,624,455 23,667,592 23,852,743 24,205,911 24,744,090 25,181,126
Employer contributions for employee pension and insurance funds 5/ 15,498,243 16,093,842 15,882,011 16,374,300 16,635,251 16,454,330 16,521,067 16,701,290 17,036,521 17,392,404
Employer contributions for government social insurance 6,542,418 6,754,848 6,622,346 6,668,227 6,989,204 7,213,262 7,331,676 7,504,621 7,707,569 7,788,722
Proprietors' income 6/ 20,617,672 28,085,441 35,084,673 35,406,332 33,094,801 28,246,961 26,004,297 27,509,104 27,870,701 29,104,089
Farm proprietors' income 54,573 753 (3,767) 2,387 4,641 (2,111) 15,905 (12,648) (9,627) (8,148)
Nonfarm proprietors' income 20,563,099 28,084,688 35,088,440 35,403,945 33,090,160 28,249,072 25,988,392 27,521,752 27,880,328 29,112,237


Notes:
1/ Nonfarm personal income is total personal income less farm income.
2/ Farm income is farm earnings less farm employer contributions for government social insurance.
3/ Mid-quarter population estimates by state are derived by BEA based on unpublished Census Bureau estimates of beginning-of-month population.
4/ Per capita personal income is total personal income divided by total quarterly population estimates.
5/ Employer contributions for government social insurance are included in earnings by industry and earnings by place of work, but they are excluded from net earnings by place of residence and personal income. Employee and self-employed contributions are subtractions in the calculation of net earnings by place of residence and all of the income measures.
6/ The adjustment for residence is the net inflow of the earnings of inter-area commuters. For the United States, it consists of adjustments for border workers and US residents employed by international organizations and foreign embassies.
7/ Rental income of persons includes the capital consumption adjustment.
8/ Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.
9/ Proprietors' income includes the inventory valuation adjustment and the capital consumption adjustment.

Note-- All dollar estimates are in current dollars (not adjusted for inflation).
(NA) Data not available for this year.
Last updated: March 24, 2016-- new estimates for 2015. In 2015 details may not add to totals because of rounding.

Sources: U. S. Bureau of Economic Analysis and Department of Revenue Services