Chambersburg MSA vs. Pennsylvania
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Chambersburg MSA vs. Pennsylvania
Chambersburg MSA:
2022 TPI = $8,662,802K
2022 Percent of State = 0.04%
Pennsylvania:
2022 TPI = $836,778,334K
2022 Percent of U.S. = 3.83%
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 Chambersburg MSA 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 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.
Chambersburg MSA Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Chambersburg MSA Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Chambersburg 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 Chambersburg MSA over time.
When measured in current dollars, the Chambersburg MSA's total personal income increased 2,054.63%, from $402M in 1970 to $8,663M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 267.00%, from $2,034M in 1970 to $7,465M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces the Chambersburg MSA's and Pennsylvania'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 Chambersburg MSA's real total personal income rose from $1,983M in 1969 to $7,465M in 2022, for a net gain of $5,482M, or 276.43%. In comparison, Pennsylvania's real total personal income increased from $240,142M in 1969 to $721,093M in 2022, for a net gain of $480,951M, or 200.28%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays the Chambersburg MSA'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.
The Chambersburg MSA's overall real total personal income growth was 276.43% over 1969-2022 outpaced Pennsylvania's increase of 200.28%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Pennsylvania Total: 1969-2022
Total Personal Income as a Percent of the Pennsylvania Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of the Chambersburg MSA 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, the Chambersburg MSA's total personal income comprised 0.83% of Pennsylvania's total personal income, while in 2022 it equated to 1.04% thereby yielding a +0.21% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.21%
=
1.04%
-
0.83%
 
   
Chambersburg MSA Real Total Personal Income:
Annual Percent Change, 1970-2022
Chambersburg MSA Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of the Chambersburg 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 Chambersburg MSA's real total personal income grew at an annual rate of 2.56% over 1970-2022. The Chambersburg MSA recorded its highest growth in 1972 (8.50%) and posted its lowest growth in 2022 (-5.73%). In 2022, the Chambersburg MSA's real total personal income declined by -5.73%
Chambersburg MSA Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Chambersburg 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 shows the annual percent change in the Chambersburg 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 Chambersburg MSA's annual real total personal income growth rate averaged 3.33%. It averaged 2.26% during the 1980s, 2.48% throughout the 1990s, 3.09% in the 2000s, 1.90% during the 2010s, 1.66% 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 Chambersburg MSA noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, the Chambersburg MSA's average annual real total personal income growth recorded above Pennsylvania's average throughout the 1970s (3.33% vs. 2.58%), led Pennsylvania's average in the 1980s (2.26% vs. 2.20%), outgained Pennsylvania's average during the 1990s (2.48% vs. 2.35%), recorded above Pennsylvania's average during the 2000s (3.09% vs. 1.77%), recorded under Pennsylvania's average during the 2010s (1.90% vs. 2.04%), and topped Pennsylvania's average over the 3 year period of the current decade, 2020-2022 (1.66% vs. 0.91%).
Finally, relative to nationwide real total personal income growth trends, the Chambersburg MSA fell below the nation over the 1970s (3.33% vs. 3.50%), fell below the nation throughout the 1980s (2.26% vs. 3.16%), lagged the nation in the 1990s (2.48% vs. 3.27%), surpassed the nation in the 2000s (3.09% vs. 2.06%), fell below the nation during the 2010s (1.90% vs. 2.72%), and trailed the nation over 2020-2022 (1.66% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.56
3.33
2.26
2.48
3.09
1.90
1.66
-5.73
 
2.11
2.58
2.20
2.35
1.77
2.04
0.91
-5.68
 
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.

   
 
Chambersburg MSA:
Total Personal Income, 1969-2022
 
1969
 
374,473
0.189
1,983,122
100.0
N
0.05
1970
 
402,056
0.198
2,034,079
102.6
2.57
0.05
1971
 
425,498
0.206
2,065,023
104.1
1.52
0.05
1972
 
477,416
0.213
2,240,548
113.0
8.50
0.05
1973
 
536,494
0.225
2,389,196
120.5
6.63
0.06
1974
 
598,323
0.248
2,413,274
121.7
1.01
0.06
1975
 
657,255
0.269
2,446,966
123.4
1.40
0.06
1976
 
715,956
0.283
2,526,933
127.4
3.27
0.06
1977
 
779,494
0.302
2,583,159
130.3
2.23
0.06
1978
 
878,988
0.323
2,723,349
137.3
5.43
0.06
1979
 
964,007
0.351
2,743,098
138.3
0.73
0.05
1980
 
1,060,325
0.389
2,723,811
137.3
-0.70
0.05
1981
 
1,179,897
0.424
2,781,792
140.3
2.13
0.05
1982
 
1,245,178
0.448
2,781,216
140.2
-0.02
0.05
1983
 
1,300,510
0.467
2,786,250
140.5
0.18
0.05
1984
 
1,414,477
0.484
2,920,120
147.2
4.80
0.05
1985
 
1,523,830
0.501
3,039,878
153.3
4.10
0.05
1986
 
1,606,966
0.512
3,137,441
158.2
3.21
0.05
1987
 
1,695,254
0.528
3,210,587
161.9
2.33
0.05
1988
 
1,819,660
0.549
3,316,614
167.2
3.30
0.05
1989
 
1,961,816
0.573
3,426,095
172.8
3.30
0.05
1990
 
2,106,091
0.598
3,523,364
177.7
2.84
0.05
1991
 
2,198,024
0.618
3,558,170
179.4
0.99
0.05
1992
 
2,313,603
0.634
3,648,065
184.0
2.53
0.05
1993
 
2,412,581
0.650
3,711,663
187.2
1.74
0.05
1994
 
2,504,744
0.664
3,774,706
190.3
1.70
0.05
1995
 
2,592,443
0.678
3,826,258
192.9
1.37
0.05
1996
 
2,771,035
0.692
4,004,212
201.9
4.65
0.05
1997
 
2,871,126
0.704
4,077,899
205.6
1.84
0.05
1998
 
3,053,102
0.710
4,302,143
216.9
5.50
0.05
1999
 
3,149,680
0.720
4,374,495
220.6
1.68
0.04
2000
 
3,328,320
0.738
4,508,575
227.3
3.07
0.04
2001
 
3,527,055
0.753
4,683,880
236.2
3.89
0.04
2002
 
3,633,258
0.763
4,762,368
240.1
1.68
0.04
2003
 
3,854,747
0.779
4,948,709
249.5
3.91
0.05
2004
 
4,208,953
0.798
5,272,593
265.9
6.54
0.05
2005
 
4,557,472
0.821
5,549,298
279.8
5.25
0.05
2006
 
4,868,264
0.844
5,765,353
290.7
3.89
0.05
2007
 
5,186,350
0.866
5,988,373
302.0
3.87
0.05
2008
 
5,357,293
0.892
6,007,954
303.0
0.33
0.05
2009
 
5,258,845
0.889
5,914,064
298.2
-1.56
0.05
2010
 
5,442,670
0.905
6,013,070
303.2
1.67
0.05
2011
 
5,744,648
0.928
6,190,087
312.1
2.94
0.05
2012
 
5,831,851
0.945
6,169,051
311.1
-0.34
0.05
2013
 
5,940,588
0.958
6,202,261
312.8
0.54
0.05
2014
 
6,203,864
0.971
6,387,768
322.1
2.99
0.05
2015
 
6,379,568
0.973
6,556,663
330.6
2.64
0.05
2016
 
6,487,839
0.983
6,601,114
332.9
0.68
0.05
2017
 
6,763,142
1.000
6,763,142
341.0
2.45
0.05
2018
 
7,114,690
1.020
6,971,974
351.6
3.09
0.05
2019
 
7,388,087
1.035
7,137,352
359.9
2.37
0.05
2020
 
7,999,119
1.046
7,644,783
385.5
7.11
0.05
2021
 
8,632,012
1.090
7,919,204
399.3
3.59
0.05
2022
 
8,662,802
1.160
7,465,165
376.4
-5.73
0.04
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 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.

   
 
Pennsylvania:
Total Personal Income, 1969-2022
 
1969
 
45,346,106
0.189
240,142,488
100.0
N
5.73
1970
 
48,843,711
0.198
247,109,739
102.9
2.90
5.71
1971
 
51,835,461
0.206
251,567,391
104.8
1.80
5.61
1972
 
56,579,789
0.213
265,533,081
110.6
5.55
5.57
1973
 
62,032,948
0.225
276,254,500
115.0
4.04
5.47
1974
 
68,133,164
0.248
274,808,067
114.4
-0.52
5.47
1975
 
74,472,731
0.269
277,262,587
115.5
0.89
5.47
1976
 
81,283,216
0.283
286,885,314
119.5
3.47
5.43
1977
 
89,174,091
0.302
295,513,292
123.1
3.01
5.40
1978
 
98,271,999
0.323
304,473,909
126.8
3.03
5.30
1979
 
108,710,086
0.351
309,336,386
128.8
1.60
5.24
1980
 
119,133,879
0.389
306,036,475
127.4
-1.07
5.15
1981
 
131,383,551
0.424
309,757,282
129.0
1.22
5.07
1982
 
140,328,325
0.448
313,435,762
130.5
1.19
5.05
1983
 
147,211,666
0.467
315,390,492
131.3
0.62
4.96
1984
 
158,758,804
0.484
327,749,962
136.5
3.92
4.85
1985
 
168,297,891
0.501
335,736,297
139.8
2.44
4.80
1986
 
177,003,246
0.512
345,581,222
143.9
2.93
4.76
1987
 
186,827,586
0.528
353,826,722
147.3
2.39
4.75
1988
 
203,001,535
0.549
370,001,886
154.1
4.57
4.76
1989
 
219,826,972
0.573
383,903,481
159.9
3.76
4.77
1990
 
232,899,904
0.598
389,627,610
162.2
1.49
4.76
1991
 
242,842,842
0.618
393,114,971
163.7
0.90
4.79
1992
 
255,911,487
0.634
403,518,586
168.0
2.65
4.73
1993
 
265,557,213
0.650
408,549,558
170.1
1.25
4.71
1994
 
274,855,910
0.664
414,214,103
172.5
1.39
4.63
1995
 
287,343,845
0.678
424,098,717
176.6
2.39
4.58
1996
 
301,835,572
0.692
436,159,664
181.6
2.84
4.53
1997
 
317,130,456
0.704
450,424,611
187.6
3.27
4.49
1998
 
334,421,754
0.710
471,235,580
196.2
4.62
4.41
1999
 
348,489,158
0.720
484,005,997
201.5
2.71
4.37
2000
 
372,690,713
0.738
504,850,469
210.2
4.31
4.32
2001
 
388,186,257
0.753
515,505,906
214.7
2.11
4.32
2002
 
395,633,311
0.763
518,584,513
215.9
0.60
4.33
2003
 
409,185,840
0.779
525,311,115
218.7
1.30
4.32
2004
 
432,634,650
0.798
541,965,312
225.7
3.17
4.32
2005
 
450,359,695
0.821
548,369,836
228.4
1.18
4.27
2006
 
472,940,608
0.844
560,090,725
233.2
2.14
4.19
2007
 
502,658,788
0.866
580,390,486
241.7
3.62
4.22
2008
 
522,993,816
0.892
586,513,195
244.2
1.05
4.21
2009
 
512,318,194
0.889
576,149,834
239.9
-1.77
4.25
2010
 
535,335,505
0.905
591,439,451
246.3
2.65
4.27
2011
 
563,528,870
0.928
607,224,764
252.9
2.67
4.24
2012
 
584,880,333
0.945
618,698,387
257.6
1.89
4.21
2013
 
589,720,173
0.958
615,696,404
256.4
-0.49
4.19
2014
 
611,421,707
0.971
629,546,346
262.2
2.25
4.14
2015
 
635,818,019
0.973
653,468,195
272.1
3.80
4.11
2016
 
653,328,866
0.983
664,735,731
276.8
1.72
4.11
2017
 
671,702,754
1.000
671,702,754
279.7
1.05
4.03
2018
 
707,043,419
1.020
692,860,563
288.5
3.15
4.04
2019
 
729,142,341
1.035
704,396,879
293.3
1.67
3.97
2020
 
783,825,569
1.046
749,104,572
311.9
6.35
4.00
2021
 
833,321,971
1.090
764,508,556
318.4
2.06
3.90
2022
 
836,778,334
1.160
721,093,331
300.3
-5.68
3.83
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 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 Pennsylvania Regional Economic Analysis Project (PA-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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