Armstrong County vs. Pennsylvania
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2019
Introduction
Armstrong County:
2019 PCI = $46,925
2019 Percent of State = 80.9%
Pennsylvania:
2019 PCI = $58,032
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Armstrong County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Armstrong County Per Capita Personal Income, 1970-2019
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Armstrong County's annual per capita personal income over 1970-2019 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Armstrong County over time.
When measured in current dollars, Armstrong County's per capita personal income increased 1,336.6%, from $3,266 in 1970 to $46,925 in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 174.0%, from $15,591 in 1970 to $42,717 in 2019.
Real Per Capita Personal Income, 1969-2019
Real Per Capita Personal Income, 1969-2019
Figure 2.
Figure 2 traces Armstrong County's and Pennsylvania's annual real per capita personal income for the period 1969-2019 to illustrate real per capita personal income patterns over time. During this 51-year period, Armstrong County's real per capita personal income rose from $15,345 in 1969 to $42,717 in 2019, for a net gain of $27,372, or 178.4%. In comparison, Pennsylvania's real per capita personal income advanced from $19,297 in 1969 to $52,828 in 2019, for a net advance of $33,531, or 173.8%.
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Real Per Capita Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Armstrong County's real per capita personal income growth in a broader context by offering direct comparisons across time with Pennsylvania, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Armstrong County's overall real per capita personal income growth was 178.4% over 1969-2019 outpaced Pennsylvania's increase of 173.8%, and outpaced the United States' increase of 161.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2019
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Armstrong County and Pennsylvania per capita personal income as a percent of the national average over 1969-2019.
In 1969, Armstrong County's per capita personal income amounted to 78.1% of the national average; in 2019, it approximated 83.1%. Similarly, in 1969, Pennsylvania's per capita personal income totaled 98.3% of the national average; in 2019, it consisted of 102.7%.
Armstrong County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Armstrong County Real Per Capita Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 displays the short-run pattern of Armstrong County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Armstrong County's real per capita personal income grew at an annual rate of 2.11% over 1970-2019. The county posted its highest growth in 2008 (10.87%) and posted its lowest growth in 2009 (-7.10%). In 2019, Armstrong County's real per capita personal income grew by 2.37%
Armstrong County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Armstrong County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Figure 6.
Over the past five decades some counties 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 Armstrong County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2019.
During the 1970s, Armstrong County's annual real per capita personal income growth rate averaged 3.56%. It averaged 0.92% during the 1980s, 2.26% in the 1990s, 2.10% throughout the 2000s, and 1.69% thus far this decade (2010 to 2019).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Armstrong County noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, Armstrong County's average annual real per capita personal income growth outperformed Pennsylvania's average throughout the 1970s (3.56% vs. 2.46%), lagged Pennsylvania's average in the 1980s (0.92% vs. 2.21%), outpaced Pennsylvania's average during the 1990s (2.26% vs. 2.01%), recorded above Pennsylvania's average throughout the 2000s (2.10% vs. 1.44%), and recorded under Pennsylvania's average over the 10 year period of the last decade, 2010-2019 (1.69% vs. 2.10%).
Finally, relative to nationwide real per capita personal income growth trends, Armstrong County outpaced the nation in the 1970s (3.56% vs. 2.37%), fell under the nation in the 1980s (0.92% vs. 2.20%), outperformed the nation over the 1990s (2.26% vs. 2.03%), recorded above the nation throughout the 2000s (2.10% vs. 1.09%), and trailed the nation over 2010-2019 (1.69% vs. 2.11%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.11
3.56
0.92
2.26
2.10
1.69
2.37
 
2.05
2.46
2.21
2.01
1.44
2.10
2.05
 
1.96
2.37
2.20
2.03
1.09
2.11
1.93
 
   

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

   
 
Armstrong County:
Per Capita Personal Income, 1969-2019
 
1969
 
3,071
0.200
15,345
100.0
N
79.52
78.14
1970
 
3,266
0.210
15,591
101.6
1.60
78.99
77.81
1971
 
3,489
0.218
15,975
104.1
2.47
80.00
78.05
1972
 
3,924
0.226
17,373
113.2
8.75
82.56
80.79
1973
 
4,276
0.238
17,966
117.1
3.41
81.93
79.74
1974
 
4,813
0.263
18,314
119.3
1.94
83.81
82.48
1975
 
5,450
0.285
19,143
124.7
4.53
87.07
86.18
1976
 
6,079
0.300
20,243
131.9
5.75
88.91
88.43
1977
 
6,752
0.320
21,108
137.6
4.27
89.96
89.84
1978
 
7,252
0.342
21,197
138.1
0.42
87.55
86.79
1979
 
8,090
0.373
21,717
141.5
2.45
88.36
87.63
1980
 
8,950
0.413
21,690
141.3
-0.13
89.19
87.91
1981
 
9,810
0.450
21,820
142.2
0.60
88.48
86.82
1982
 
10,478
0.475
22,079
143.9
1.18
88.35
87.32
1983
 
10,837
0.495
21,905
142.7
-0.79
87.16
85.34
1984
 
11,339
0.513
22,084
143.9
0.82
84.27
81.53
1985
 
11,742
0.531
22,099
144.0
0.07
82.07
79.58
1986
 
11,989
0.543
22,083
143.9
-0.07
79.76
77.40
1987
 
12,509
0.560
22,351
145.7
1.22
78.75
76.79
1988
 
13,277
0.582
22,831
148.8
2.15
77.41
76.06
1989
 
14,432
0.607
23,779
155.0
4.15
77.83
77.27
1990
 
15,395
0.634
24,300
158.4
2.19
78.69
78.46
1991
 
15,967
0.655
24,388
158.9
0.36
78.88
79.72
1992
 
16,862
0.672
25,085
163.5
2.86
79.35
79.95
1993
 
17,253
0.689
25,044
163.2
-0.16
78.67
79.39
1994
 
18,135
0.703
25,785
168.0
2.96
80.19
80.33
1995
 
18,718
0.718
26,066
169.9
1.09
79.37
79.29
1996
 
19,811
0.733
27,011
176.0
3.62
80.07
79.98
1997
 
20,693
0.746
27,730
180.7
2.66
79.69
79.61
1998
 
21,583
0.752
28,694
187.0
3.48
78.98
78.32
1999
 
22,689
0.763
29,722
193.7
3.58
79.75
79.12
2000
 
23,571
0.782
30,128
196.3
1.37
77.55
76.89
2001
 
24,338
0.797
30,522
198.9
1.31
77.14
77.05
2002
 
25,236
0.808
31,237
203.6
2.34
78.70
79.28
2003
 
26,305
0.824
31,940
208.1
2.25
79.61
80.49
2004
 
26,785
0.844
31,731
206.8
-0.65
76.82
78.20
2005
 
28,731
0.868
33,095
215.7
4.30
79.15
80.14
2006
 
31,035
0.892
34,803
226.8
5.16
81.60
81.43
2007
 
32,203
0.914
35,218
229.5
1.19
80.07
80.82
2008
 
36,775
0.942
39,047
254.5
10.87
88.59
89.91
2009
 
34,133
0.941
36,275
236.4
-7.10
84.51
86.89
2010
 
35,656
0.957
37,256
242.8
2.70
84.80
87.94
2011
 
39,103
0.981
39,848
259.7
6.96
88.46
91.49
2012
 
38,871
1.000
38,871
253.3
-2.45
84.47
87.14
2013
 
38,972
1.013
38,455
250.6
-1.07
83.97
86.88
2014
 
40,627
1.028
39,509
257.5
2.74
83.88
86.31
2015
 
39,796
1.030
38,621
251.7
-2.25
78.95
81.19
2016
 
40,140
1.041
38,551
251.2
-0.18
77.46
80.26
2017
 
42,486
1.060
40,087
261.2
3.98
79.70
81.52
2018
 
45,168
1.082
41,730
271.9
4.10
80.61
82.72
2019
 
46,925
1.099
42,717
278.4
2.37
80.86
83.07
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PSN
 
   

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

   
 
Pennsylvania:
Per Capita Personal Income, 1969-2019
 
1969
 
3,862
0.200
19,297
100.0
N
98.26
1970
 
4,135
0.210
19,738
102.3
2.29
98.51
1971
 
4,362
0.218
19,970
103.5
1.18
97.56
1972
 
4,753
0.226
21,043
109.1
5.37
97.86
1973
 
5,219
0.238
21,928
113.6
4.21
97.32
1974
 
5,743
0.263
21,853
113.2
-0.34
98.41
1975
 
6,259
0.285
21,986
113.9
0.61
98.98
1976
 
6,838
0.300
22,768
118.0
3.56
99.46
1977
 
7,505
0.320
23,464
121.6
3.05
99.86
1978
 
8,283
0.342
24,211
125.5
3.18
99.12
1979
 
9,155
0.373
24,577
127.4
1.51
99.17
1980
 
10,034
0.413
24,318
126.0
-1.05
98.57
1981
 
11,088
0.450
24,662
127.8
1.41
98.12
1982
 
11,859
0.475
24,990
129.5
1.33
98.83
1983
 
12,433
0.495
25,131
130.2
0.56
97.92
1984
 
13,455
0.513
26,206
135.8
4.28
96.75
1985
 
14,308
0.531
26,928
139.5
2.75
96.97
1986
 
15,031
0.543
27,687
143.5
2.82
97.04
1987
 
15,885
0.560
28,384
147.1
2.52
97.52
1988
 
17,150
0.582
29,493
152.8
3.91
98.25
1989
 
18,543
0.607
30,553
158.3
3.60
99.29
1990
 
19,566
0.634
30,883
160.0
1.08
99.72
1991
 
20,244
0.655
30,920
160.2
0.12
101.07
1992
 
21,250
0.672
31,614
163.8
2.25
100.76
1993
 
21,930
0.689
31,833
165.0
0.69
100.91
1994
 
22,616
0.703
32,157
166.6
1.02
100.18
1995
 
23,583
0.718
32,841
170.2
2.13
99.90
1996
 
24,743
0.733
33,735
174.8
2.72
99.89
1997
 
25,967
0.746
34,798
180.3
3.15
99.90
1998
 
27,327
0.752
36,332
188.3
4.41
99.17
1999
 
28,451
0.763
37,270
193.1
2.58
99.22
2000
 
30,393
0.782
38,849
201.3
4.24
99.14
2001
 
31,551
0.797
39,569
205.1
1.85
99.88
2002
 
32,066
0.808
39,691
205.7
0.31
100.74
2003
 
33,043
0.824
40,121
207.9
1.08
101.11
2004
 
34,868
0.844
41,308
214.1
2.96
101.80
2005
 
36,301
0.868
41,816
216.7
1.23
101.26
2006
 
38,032
0.892
42,650
221.0
1.99
99.78
2007
 
40,219
0.914
43,985
227.9
3.13
100.94
2008
 
41,512
0.942
44,077
228.4
0.21
101.49
2009
 
40,390
0.941
42,925
222.5
-2.61
102.82
2010
 
42,047
0.957
43,934
227.7
2.35
103.70
2011
 
44,205
0.981
45,047
233.4
2.53
103.43
2012
 
46,018
1.000
46,018
238.5
2.16
103.17
2013
 
46,412
1.013
45,795
237.3
-0.48
103.46
2014
 
48,434
1.028
47,101
244.1
2.85
102.90
2015
 
50,407
1.030
48,918
253.5
3.86
102.83
2016
 
51,818
1.041
49,767
257.9
1.73
103.61
2017
 
53,306
1.060
50,296
260.6
1.06
102.28
2018
 
56,032
1.082
51,766
268.3
2.92
102.61
2019
 
58,032
1.099
52,828
273.8
2.05
102.73
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PSN
 
   

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

   
 
United States:
Per Capita Personal Income, 1969-2019
 
1969
 
3,931
0.200
19,638
100.0
N
1970
 
4,198
0.210
20,037
102.0
2.03
1971
 
4,471
0.218
20,469
104.2
2.16
1972
 
4,857
0.226
21,504
109.5
5.05
1973
 
5,363
0.238
22,532
114.7
4.78
1974
 
5,836
0.263
22,205
113.1
-1.45
1975
 
6,324
0.285
22,212
113.1
0.03
1976
 
6,875
0.300
22,893
116.6
3.06
1977
 
7,516
0.320
23,496
119.6
2.64
1978
 
8,356
0.342
24,425
124.4
3.95
1979
 
9,232
0.373
24,784
126.2
1.47
1980
 
10,180
0.413
24,672
125.6
-0.45
1981
 
11,300
0.450
25,134
128.0
1.87
1982
 
11,999
0.475
25,285
128.8
0.60
1983
 
12,698
0.495
25,666
130.7
1.51
1984
 
13,906
0.513
27,085
137.9
5.53
1985
 
14,755
0.531
27,769
141.4
2.52
1986
 
15,490
0.543
28,532
145.3
2.75
1987
 
16,289
0.560
29,106
148.2
2.01
1988
 
17,455
0.582
30,017
152.8
3.13
1989
 
18,676
0.607
30,773
156.7
2.52
1990
 
19,621
0.634
30,970
157.7
0.64
1991
 
20,030
0.655
30,593
155.8
-1.22
1992
 
21,090
0.672
31,376
159.8
2.56
1993
 
21,733
0.689
31,546
160.6
0.54
1994
 
22,575
0.703
32,099
163.4
1.75
1995
 
23,607
0.718
32,874
167.4
2.42
1996
 
24,771
0.733
33,773
172.0
2.73
1997
 
25,993
0.746
34,833
177.4
3.14
1998
 
27,557
0.752
36,637
186.6
5.18
1999
 
28,675
0.763
37,564
191.3
2.53
2000
 
30,657
0.782
39,186
199.5
4.32
2001
 
31,589
0.797
39,616
201.7
1.10
2002
 
31,832
0.808
39,401
200.6
-0.54
2003
 
32,681
0.824
39,681
202.1
0.71
2004
 
34,251
0.844
40,576
206.6
2.26
2005
 
35,849
0.868
41,295
210.3
1.77
2006
 
38,114
0.892
42,742
217.6
3.50
2007
 
39,844
0.914
43,575
221.9
1.95
2008
 
40,904
0.942
43,431
221.2
-0.33
2009
 
39,284
0.941
41,750
212.6
-3.87
2010
 
40,547
0.957
42,366
215.7
1.48
2011
 
42,739
0.981
43,553
221.8
2.80
2012
 
44,605
1.000
44,605
227.1
2.42
2013
 
44,860
1.013
44,264
225.4
-0.76
2014
 
47,071
1.028
45,775
233.1
3.41
2015
 
49,019
1.030
47,571
242.2
3.92
2016
 
50,015
1.041
48,035
244.6
0.98
2017
 
52,118
1.060
49,175
250.4
2.37
2018
 
54,606
1.082
50,450
256.9
2.59
2019
 
56,490
1.099
51,424
261.9
1.93
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_700_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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