Centre County vs. Pennsylvania
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2017
Introduction
Centre County:
2017 TPI = $7,181,690K
2017 Percent of State = 1.1%
Pennsylvania:
2017 TPI = $682,533,744K
2017 Percent of State = 4.1%
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 Centre County and Pennsylvania 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 2012 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Chain-Weight Implicit Price Deflator for Personal Consumption.
Data Definition:
Personal Income is the income that is received by all persons from all sources. It is calculated as the sum of wage and salary disbursements, 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. The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients.
Centre County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Centre County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Centre County's annual total personal income over 1969-2017 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 Centre County over time.
When measured in current dollars, Centre County's total personal income increased 2,401.4%, from $287M in 1969 to $7,182M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 372.0%, from $1,434M in 1969 to $6,771M in 2017.
Real Total Personal Income, 1969-2017 (Millions)
Real Total Personal Income, 1969-2017 (Millions)
Figure 2.
Figure 2 traces Centre County's and Pennsylvania's annual real total personal income for the period 1969-2017 to illustrate real total personal income patterns over time. During this 49-year period, Centre County's real total personal income rose from $1,434M in 1969 to $6,771M in 2017, for a net gain of $5,336M, or 372.0%. In comparison, Pennsylvania's real total personal income advanced from $226,650M in 1969 to $643,457M in 2017, for a net advance of $416,807M, or 183.9%.
Real Total Personal Income Indices (1969=100): 1969-2017
Real Total Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows Centre County's real total 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 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.
Centre County's overall real total personal income growth was 372.0% over 1969-2017 outpaced Pennsylvania's increase of 183.9%, and topped the United States' increase of 301.2%.
Total Personal Income as a Percent of the Pennsylvania Total: 1969-2017
Total Personal Income as a Percent of the Pennsylvania Total: 1969-2017
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Centre County is to trace its individual percentage contributions to Pennsylvania'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 Pennsylvania's total personal income, while a declining share shows it grew more slowly.
In 1969, Centre County's total personal income totaled 0.63% of Pennsylvania's total personal income, while in 2017 it equated to 1.05% thereby yielding a +0.42% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+0.42%
=
1.05%
-
0.63%
 
   
Centre County Real Total Personal Income:
Annual Percent Change, 1970-2017
Centre County Real Total Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of Centre County's real total personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Centre County's real total personal income grew at an annual rate of 3.30% over 1970-2017. The county posted its highest growth in 1989 (7.70%) and recorded its lowest growth in 1981 (0.09%). In 2017, Centre County's real total personal income grew by 3.13%
Centre County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Centre County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 Centre County'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, and 2010-2017.
During the 1970s, Centre County's annual real total personal income growth rate averaged 4.27%. It averaged 3.81% during the 1980s, 3.07% throughout the 1990s, 2.67% throughout the 2000s, and 2.53% thus far this decade (2010 to 2017).
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 Centre County noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, Centre County's average annual real total personal income growth led Pennsylvania's average throughout the 1970s (4.27% vs. 2.56%), recorded above Pennsylvania's average throughout the 1980s (3.81% vs. 2.24%), outpaced Pennsylvania's average throughout the 1990s (3.07% vs. 2.33%), outpaced Pennsylvania's average during the 2000s (2.67% vs. 1.77%), and led Pennsylvania's average over the 8 year period of the last decade, 2010-2017 (2.53% vs. 2.13%).
Finally, relative to nationwide real total personal income growth trends, Centre County recorded above the nation in the 1970s (4.27% vs. 3.48%), outpaced the nation over the 1980s (3.81% vs. 3.18%), posted below the nation over the 1990s (3.07% vs. 3.28%), recorded above the nation over the 2000s (2.67% vs. 2.07%), and trailed the nation over 2010-2017 (2.53% vs. 2.72%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.30
4.27
3.81
3.07
2.67
2.53
3.13
 
2.21
2.56
2.24
2.33
1.77
2.13
2.06
 
2.95
3.48
3.18
3.28
2.07
2.72
2.56
 
   

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

   
 
Centre County:
Total Personal Income, 1969-2017
 
1969
 
287,111
0.200
1,434,479
100.0
N
0.63
1970
 
310,133
0.210
1,480,278
103.2
3.19
0.64
1971
 
336,955
0.218
1,542,764
107.5
4.22
0.65
1972
 
375,255
0.226
1,661,450
115.8
7.69
0.66
1973
 
423,948
0.238
1,781,144
124.2
7.20
0.68
1974
 
470,537
0.263
1,790,476
124.8
0.52
0.69
1975
 
525,036
0.285
1,844,173
128.6
3.00
0.71
1976
 
584,475
0.300
1,946,174
135.7
5.53
0.72
1977
 
650,395
0.320
2,033,374
141.7
4.48
0.73
1978
 
717,075
0.342
2,096,036
146.1
3.08
0.73
1979
 
809,943
0.373
2,174,285
151.6
3.73
0.75
1980
 
898,373
0.413
2,177,241
151.8
0.14
0.76
1981
 
979,705
0.450
2,179,156
151.9
0.09
0.75
1982
 
1,058,941
0.475
2,231,416
155.6
2.40
0.76
1983
 
1,151,447
0.495
2,327,378
162.2
4.30
0.78
1984
 
1,255,155
0.513
2,444,647
170.4
5.04
0.79
1985
 
1,330,890
0.531
2,504,780
174.6
2.46
0.79
1986
 
1,414,980
0.543
2,606,336
181.7
4.05
0.80
1987
 
1,534,784
0.560
2,742,449
191.2
5.22
0.82
1988
 
1,701,193
0.582
2,925,475
203.9
6.67
0.84
1989
 
1,912,212
0.607
3,150,786
219.6
7.70
0.87
1990
 
2,023,930
0.634
3,194,586
222.7
1.39
0.87
1991
 
2,153,919
0.655
3,289,782
229.3
2.98
0.89
1992
 
2,297,079
0.672
3,417,357
238.2
3.88
0.90
1993
 
2,367,974
0.689
3,437,226
239.6
0.58
0.89
1994
 
2,496,040
0.703
3,549,040
247.4
3.25
0.91
1995
 
2,620,178
0.718
3,648,714
254.4
2.81
0.91
1996
 
2,778,827
0.733
3,788,655
264.1
3.84
0.92
1997
 
2,942,892
0.746
3,943,680
274.9
4.09
0.93
1998
 
3,091,141
0.752
4,109,685
286.5
4.21
0.92
1999
 
3,253,460
0.763
4,261,914
297.1
3.70
0.93
2000
 
3,409,871
0.782
4,358,498
303.8
2.27
0.91
2001
 
3,654,124
0.797
4,582,663
319.5
5.14
0.94
2002
 
3,826,896
0.808
4,736,902
330.2
3.37
0.97
2003
 
3,987,389
0.824
4,841,532
337.5
2.21
0.97
2004
 
4,260,991
0.844
5,047,910
351.9
4.26
0.98
2005
 
4,513,040
0.868
5,198,636
362.4
2.99
1.00
2006
 
4,720,270
0.892
5,293,325
369.0
1.82
0.99
2007
 
4,910,296
0.914
5,370,082
374.4
1.45
0.97
2008
 
5,194,643
0.942
5,515,654
384.5
2.71
0.99
2009
 
5,217,415
0.941
5,544,897
386.5
0.53
1.02
2010
 
5,500,656
0.957
5,747,512
400.7
3.65
1.03
2011
 
5,807,279
0.981
5,917,884
412.5
2.96
1.03
2012
 
6,016,617
1.000
6,016,617
419.4
1.67
1.02
2013
 
6,272,537
1.013
6,189,230
431.5
2.87
1.06
2014
 
6,619,644
1.029
6,435,086
448.6
3.97
1.07
2015
 
6,666,239
1.031
6,464,169
450.6
0.45
1.04
2016
 
6,843,106
1.042
6,565,075
457.7
1.56
1.04
2017
 
7,181,690
1.061
6,770,517
472.0
3.13
1.05
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 2018
REAP_PI_CA1400_300_PSN
 
   

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

   
 
Pennsylvania:
Total Personal Income, 1969-2017
 
1969
 
45,363,997
0.200
226,649,998
100.0
N
5.73
1970
 
48,814,578
0.210
232,994,024
102.8
2.80
5.71
1971
 
51,789,540
0.218
237,120,736
104.6
1.77
5.61
1972
 
56,519,468
0.226
250,241,158
110.4
5.53
5.57
1973
 
61,911,787
0.238
260,111,701
114.8
3.94
5.47
1974
 
68,004,857
0.263
258,770,384
114.2
-0.52
5.47
1975
 
74,306,438
0.285
260,999,080
115.2
0.86
5.46
1976
 
81,081,493
0.300
269,983,661
119.1
3.44
5.44
1977
 
88,973,804
0.320
278,164,835
122.7
3.03
5.40
1978
 
98,097,527
0.342
286,742,647
126.5
3.08
5.30
1979
 
108,546,349
0.373
291,391,772
128.6
1.62
5.25
1980
 
118,970,218
0.413
288,328,772
127.2
-1.05
5.16
1981
 
131,279,831
0.450
292,005,496
128.8
1.28
5.08
1982
 
140,158,661
0.475
295,344,447
130.3
1.14
5.06
1983
 
146,951,760
0.495
297,028,257
131.1
0.57
4.97
1984
 
158,681,543
0.513
309,061,689
136.4
4.05
4.85
1985
 
168,466,148
0.531
317,059,036
139.9
2.59
4.81
1986
 
177,342,443
0.543
326,657,659
144.1
3.03
4.78
1987
 
187,911,697
0.560
335,772,456
148.1
2.79
4.77
1988
 
203,518,393
0.582
349,982,619
154.4
4.23
4.78
1989
 
220,428,623
0.607
363,204,190
160.2
3.78
4.79
1990
 
233,194,273
0.634
368,075,563
162.4
1.34
4.77
1991
 
242,826,180
0.655
370,879,874
163.6
0.76
4.80
1992
 
256,368,975
0.672
381,399,290
168.3
2.84
4.75
1993
 
266,038,429
0.689
386,167,376
170.4
1.25
4.72
1994
 
275,115,183
0.703
391,177,567
172.6
1.30
4.64
1995
 
287,783,679
0.718
400,751,527
176.8
2.45
4.59
1996
 
302,668,785
0.733
412,658,884
182.1
2.97
4.54
1997
 
317,899,634
0.746
426,007,577
188.0
3.23
4.49
1998
 
334,828,567
0.752
445,156,040
196.4
4.49
4.41
1999
 
348,998,963
0.763
457,175,932
201.7
2.70
4.37
2000
 
373,211,236
0.782
477,038,712
210.5
4.34
4.32
2001
 
388,669,348
0.797
487,433,028
215.1
2.18
4.32
2002
 
396,187,846
0.808
490,398,255
216.4
0.61
4.33
2003
 
409,648,567
0.824
497,399,848
219.5
1.43
4.32
2004
 
433,409,619
0.844
513,451,587
226.5
3.23
4.32
2005
 
451,890,329
0.868
520,539,014
229.7
1.38
4.27
2006
 
476,852,941
0.892
534,744,366
235.9
2.73
4.19
2007
 
506,498,986
0.914
553,926,142
244.4
3.59
4.22
2008
 
524,359,554
0.942
556,763,171
245.6
0.51
4.22
2009
 
511,713,893
0.941
543,832,649
239.9
-2.32
4.25
2010
 
533,828,376
0.957
557,785,253
246.1
2.57
4.26
2011
 
562,622,067
0.981
573,337,750
253.0
2.79
4.23
2012
 
587,095,666
1.000
587,095,666
259.0
2.40
4.19
2013
 
592,172,266
1.013
584,307,487
257.8
-0.47
4.18
2014
 
617,895,532
1.029
600,668,363
265.0
2.80
4.12
2015
 
642,622,555
1.031
623,143,102
274.9
3.74
4.09
2016
 
657,164,756
1.042
630,464,581
278.2
1.17
4.08
2017
 
682,533,744
1.061
643,456,623
283.9
2.06
4.06
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 2018
REAP_PI_CA1400_300_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
791,150,000
0.200
3,952,785,411
100.0
N
1970
 
855,078,000
0.210
4,081,323,087
103.3
3.25
1971
 
923,964,000
0.218
4,230,410,696
107.0
3.65
1972
 
1,015,526,000
0.226
4,496,263,172
113.7
6.28
1973
 
1,131,213,000
0.238
4,752,596,421
120.2
5.70
1974
 
1,242,433,000
0.263
4,727,675,038
119.6
-0.52
1975
 
1,359,998,000
0.285
4,776,951,177
120.9
1.04
1976
 
1,491,506,000
0.300
4,966,389,185
125.6
3.97
1977
 
1,646,968,000
0.320
5,149,027,700
130.3
3.68
1978
 
1,851,867,000
0.342
5,413,074,742
136.9
5.13
1979
 
2,068,806,000
0.373
5,553,692,518
140.5
2.60
1980
 
2,307,005,000
0.413
5,591,112,888
141.4
0.67
1981
 
2,584,340,000
0.450
5,748,342,898
145.4
2.81
1982
 
2,767,657,000
0.475
5,832,048,635
147.5
1.46
1983
 
2,957,901,000
0.495
5,978,697,902
151.3
2.51
1984
 
3,268,535,000
0.513
6,366,077,167
161.1
6.48
1985
 
3,501,927,000
0.531
6,590,746,038
166.7
3.53
1986
 
3,712,243,000
0.543
6,837,802,542
173.0
3.75
1987
 
3,940,859,000
0.560
7,041,775,070
178.1
2.98
1988
 
4,260,753,000
0.582
7,327,050,266
185.4
4.05
1989
 
4,603,969,000
0.607
7,586,042,182
191.9
3.53
1990
 
4,890,453,000
0.634
7,719,127,141
195.3
1.75
1991
 
5,055,766,000
0.655
7,721,909,795
195.4
0.04
1992
 
5,402,109,000
0.672
8,036,699,991
203.3
4.08
1993
 
5,639,780,000
0.689
8,186,407,711
207.1
1.86
1994
 
5,930,316,000
0.703
8,432,128,537
213.3
3.00
1995
 
6,275,761,000
0.718
8,739,275,320
221.1
3.64
1996
 
6,661,697,000
0.733
9,082,563,466
229.8
3.93
1997
 
7,075,132,000
0.746
9,481,168,005
239.9
4.39
1998
 
7,588,703,000
0.752
10,089,213,731
255.2
6.41
1999
 
7,988,183,000
0.763
10,464,228,824
264.7
3.72
2000
 
8,634,847,000
0.782
11,037,063,974
279.2
5.47
2001
 
9,001,839,000
0.797
11,289,271,113
285.6
2.29
2002
 
9,155,663,000
0.808
11,332,808,922
286.7
0.39
2003
 
9,480,901,000
0.824
11,511,815,488
291.2
1.58
2004
 
10,028,781,000
0.844
11,880,893,485
300.6
3.21
2005
 
10,593,946,000
0.868
12,203,319,818
308.7
2.71
2006
 
11,372,589,000
0.892
12,753,256,555
322.6
4.51
2007
 
12,002,204,000
0.914
13,126,057,000
332.1
2.92
2008
 
12,438,527,000
0.942
13,207,185,177
334.1
0.62
2009
 
12,051,307,000
0.941
12,807,731,630
324.0
-3.02
2010
 
12,541,995,000
0.957
13,104,848,232
331.5
2.32
2011
 
13,315,478,000
0.981
13,569,084,183
343.3
3.54
2012
 
13,998,383,000
1.000
13,998,383,000
354.1
3.16
2013
 
14,175,503,000
1.013
13,987,234,819
353.9
-0.08
2014
 
14,983,140,000
1.029
14,565,404,207
368.5
4.13
2015
 
15,711,634,000
1.031
15,235,376,142
385.4
4.60
2016
 
16,115,630,000
1.042
15,460,862,474
391.1
1.48
2017
 
16,820,250,000
1.061
15,857,239,825
401.2
2.56
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 2018
REAP_PI_CA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, PA-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.