Graham County vs. Arizona
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Graham County vs. Arizona
Graham County:
2022 TPI = $1,589,220K
2022 Percent of State = 0.37%
Arizona:
2022 TPI = $430,083,534K
2022 Percent of U.S. = 1.97%
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 Graham County and Arizona 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.
Graham County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Graham County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Graham County'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 Graham County over time.
When measured in current dollars, Graham County's total personal income increased 3,183.11%, from $48M in 1970 to $1,589M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 459.22%, from $245M in 1970 to $1,370M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Graham County's and Arizona'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, Graham County's real total personal income rose from $212M in 1969 to $1,370M in 2022, for a net gain of $1,158M, or 546.95%. In comparison, Arizona's real total personal income advanced from $33,507M in 1969 to $370,624M in 2022, for a net advance of $337,118M, or 1,006.12%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Graham County's real total personal income growth in a broader context by offering direct comparisons across time with Arizona, 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.
Graham County's overall real total personal income growth was 546.95% over 1969-2022 trailed Arizona's increase of 1,006.12%, and topped the United States' increase of 348.76%.
Total Personal Income as a Percent of the Arizona Total: 1969-2022
Total Personal Income as a Percent of the Arizona Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Graham County is to compare its individual percentage contributions to Arizona'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 Arizona's total personal income, while a declining share shows it grew more slowly.
In 1969, Graham County's total personal income totaled 0.63% of Arizona's total personal income, while in 2022 it equated to 0.37% thereby yielding a -0.26% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.26%
=
0.37%
-
0.63%
 
   
Graham County Real Total Personal Income:
Annual Percent Change, 1970-2022
Graham County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Graham County'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, Graham County's real total personal income grew at an annual rate of 3.75% over 1970-2022. The county recorded its highest growth in 1973 (24.04%) and posted its lowest growth in 1975 (-14.09%). In 2022, Graham County's real total personal income declined by -1.59%
Graham County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Graham County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
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 illustrates the annual percent change in Graham County's real total personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Graham County's annual real total personal income growth rate averaged 6.28%. It averaged 2.28% in the 1980s, 3.77% during the 1990s, 4.28% in the 2000s, 1.73% throughout the 2010s, 5.04% 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 Graham County noted in the previous graph with the corresponding decade averages for Arizona and the nation. As the chart reveals, Graham County's average annual real total personal income growth fell below Arizona's average in the 1970s (6.28% vs. 6.98%), fell below Arizona's average throughout the 1980s (2.28% vs. 4.98%), fell below Arizona's average during the 1990s (3.77% vs. 5.06%), outpaced Arizona's average during the 2000s (4.28% vs. 3.31%), amounted to less than Arizona's average in the 2010s (1.73% vs. 3.17%), and registered above Arizona's average over the 3 year period of the current decade, 2020-2022 (5.04% vs. 4.50%).
Finally, relative to nationwide real total personal income growth trends, Graham County outpaced the nation over the 1970s (6.28% vs. 3.50%), lagged the nation in the 1980s (2.28% vs. 3.16%), registered above the nation throughout the 1990s (3.77% vs. 3.27%), exceeded the nation during the 2000s (4.28% vs. 2.06%), lagged the nation over the 2010s (1.73% vs. 2.72%), and surpassed the nation over 2020-2022 (5.04% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.75
6.28
2.28
3.77
4.28
1.73
5.04
-1.59
 
4.69
6.98
4.98
5.06
3.31
3.17
4.50
-1.44
 
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.

   
 
Graham County:
Total Personal Income, 1969-2022
 
1969
 
39,973
0.189
211,688
100.0
N
0.63
1970
 
48,406
0.198
244,895
115.7
15.69
0.67
1971
 
51,766
0.206
251,230
118.7
2.59
0.63
1972
 
59,798
0.213
280,636
132.6
11.70
0.63
1973
 
78,165
0.225
348,096
164.4
24.04
0.71
1974
 
84,474
0.248
340,717
161.0
-2.12
0.68
1975
 
78,623
0.269
292,714
138.3
-14.09
0.59
1976
 
94,632
0.283
333,999
157.8
14.10
0.64
1977
 
99,896
0.302
331,045
156.4
-0.88
0.60
1978
 
115,356
0.323
357,405
168.8
7.96
0.59
1979
 
130,399
0.351
371,053
175.3
3.82
0.57
1980
 
147,934
0.389
380,020
179.5
2.42
0.56
1981
 
167,393
0.424
394,655
186.4
3.85
0.55
1982
 
164,313
0.448
367,008
173.4
-7.01
0.51
1983
 
174,591
0.467
374,049
176.7
1.92
0.49
1984
 
195,166
0.484
402,911
190.3
7.72
0.49
1985
 
193,368
0.501
385,748
182.2
-4.26
0.43
1986
 
204,989
0.512
400,221
189.1
3.75
0.42
1987
 
221,564
0.528
419,613
198.2
4.85
0.42
1988
 
243,707
0.549
444,194
209.8
5.86
0.43
1989
 
263,717
0.573
460,553
217.6
3.68
0.43
1990
 
283,694
0.598
474,603
224.2
3.05
0.44
1991
 
306,103
0.618
495,521
234.1
4.41
0.46
1992
 
334,115
0.634
526,829
248.9
6.32
0.47
1993
 
353,414
0.650
543,714
256.8
3.20
0.46
1994
 
379,439
0.664
571,823
270.1
5.17
0.45
1995
 
394,401
0.678
582,107
275.0
1.80
0.43
1996
 
432,943
0.692
625,613
295.5
7.47
0.44
1997
 
462,487
0.704
656,876
310.3
5.00
0.43
1998
 
471,241
0.710
664,028
313.7
1.09
0.40
1999
 
479,206
0.720
665,555
314.4
0.23
0.38
2000
 
499,300
0.738
676,357
319.5
1.62
0.37
2001
 
506,749
0.753
672,956
317.9
-0.50
0.36
2002
 
528,565
0.763
692,827
327.3
2.95
0.36
2003
 
565,624
0.779
726,146
343.0
4.81
0.36
2004
 
596,940
0.798
747,792
353.3
2.98
0.35
2005
 
644,182
0.821
784,373
370.5
4.89
0.34
2006
 
714,311
0.844
845,939
399.6
7.85
0.34
2007
 
800,610
0.866
924,417
436.7
9.28
0.36
2008
 
934,571
0.892
1,048,078
495.1
13.38
0.42
2009
 
890,499
0.889
1,001,450
473.1
-4.45
0.42
2010
 
908,922
0.905
1,004,178
474.4
0.27
0.42
2011
 
943,128
0.928
1,016,258
480.1
1.20
0.42
2012
 
980,783
0.945
1,037,492
490.1
2.09
0.41
2013
 
1,008,457
0.958
1,052,878
497.4
1.48
0.42
2014
 
1,071,300
0.971
1,103,057
521.1
4.77
0.42
2015
 
1,076,134
0.973
1,106,007
522.5
0.27
0.40
2016
 
1,060,786
0.983
1,079,307
509.9
-2.41
0.38
2017
 
1,106,761
1.000
1,106,761
522.8
2.54
0.37
2018
 
1,166,091
1.020
1,142,700
539.8
3.25
0.37
2019
 
1,228,236
1.035
1,186,552
560.5
3.84
0.36
2020
 
1,388,249
1.046
1,326,754
626.8
11.82
0.37
2021
 
1,516,956
1.090
1,391,690
657.4
4.89
0.37
2022
 
1,589,220
1.160
1,369,510
646.9
-1.59
0.37
Source: Calculations by the Arizona Regional Economic Analysis Project (AZ-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.

   
 
Arizona:
Total Personal Income, 1969-2022
 
1969
 
6,327,071
0.189
33,506,704
100.0
N
0.80
1970
 
7,216,133
0.198
36,507,806
109.0
8.96
0.84
1971
 
8,255,566
0.206
40,065,838
119.6
9.75
0.89
1972
 
9,464,649
0.213
44,418,289
132.6
10.86
0.93
1973
 
10,934,211
0.225
48,693,881
145.3
9.63
0.96
1974
 
12,336,094
0.248
49,756,359
148.5
2.18
0.99
1975
 
13,317,758
0.269
49,582,122
148.0
-0.35
0.98
1976
 
14,813,181
0.283
52,282,430
156.0
5.45
0.99
1977
 
16,646,785
0.302
55,165,645
164.6
5.51
1.01
1978
 
19,559,610
0.323
60,601,097
180.9
9.85
1.05
1979
 
22,987,021
0.351
65,409,956
195.2
7.94
1.11
1980
 
26,489,939
0.389
68,048,549
203.1
4.03
1.14
1981
 
30,223,309
0.424
71,256,181
212.7
4.71
1.17
1982
 
32,161,434
0.448
71,835,416
214.4
0.81
1.16
1983
 
35,454,856
0.467
75,959,500
226.7
5.74
1.19
1984
 
39,988,822
0.484
82,555,011
246.4
8.68
1.22
1985
 
44,529,113
0.501
88,830,819
265.1
7.60
1.27
1986
 
48,697,699
0.512
95,077,411
283.8
7.03
1.31
1987
 
52,270,181
0.528
98,992,805
295.4
4.12
1.33
1988
 
56,652,853
0.549
103,258,640
308.2
4.31
1.33
1989
 
60,776,818
0.573
106,139,987
316.8
2.79
1.32
1990
 
63,797,722
0.598
106,729,773
318.5
0.56
1.30
1991
 
67,229,566
0.618
108,831,492
324.8
1.97
1.33
1992
 
71,607,986
0.634
112,910,732
337.0
3.75
1.32
1993
 
76,933,245
0.650
118,358,838
353.2
4.83
1.36
1994
 
84,205,588
0.664
126,899,735
378.7
7.22
1.42
1995
 
91,807,305
0.678
135,500,937
404.4
6.78
1.46
1996
 
99,449,957
0.692
143,707,581
428.9
6.06
1.49
1997
 
107,797,478
0.704
153,106,194
456.9
6.54
1.53
1998
 
117,834,952
0.710
166,041,896
495.5
8.45
1.55
1999
 
124,922,252
0.720
173,500,718
517.8
4.49
1.57
2000
 
135,573,750
0.738
183,649,522
548.1
5.85
1.57
2001
 
142,097,788
0.753
188,703,870
563.2
2.75
1.58
2002
 
147,455,199
0.763
193,279,940
576.8
2.43
1.61
2003
 
156,408,807
0.779
200,796,990
599.3
3.89
1.65
2004
 
170,442,982
0.798
213,515,455
637.2
6.33
1.70
2005
 
187,724,914
0.821
228,578,804
682.2
7.05
1.78
2006
 
207,762,641
0.844
246,047,656
734.3
7.64
1.84
2007
 
219,579,070
0.866
253,535,014
756.7
3.04
1.84
2008
 
223,495,122
0.892
250,639,365
748.0
-1.14
1.80
2009
 
212,283,565
0.889
238,732,768
712.5
-4.75
1.76
2010
 
216,223,640
0.905
238,884,195
712.9
0.06
1.72
2011
 
227,203,294
0.928
244,820,583
730.7
2.49
1.71
2012
 
236,431,415
0.945
250,101,990
746.4
2.16
1.70
2013
 
242,030,312
0.958
252,691,361
754.2
1.04
1.72
2014
 
253,711,620
0.971
261,232,504
779.6
3.38
1.72
2015
 
267,474,059
0.973
274,899,083
820.4
5.23
1.73
2016
 
279,696,749
0.983
284,580,144
849.3
3.52
1.76
2017
 
297,261,506
1.000
297,261,506
887.2
4.46
1.78
2018
 
315,458,961
1.020
309,131,048
922.6
3.99
1.80
2019
 
337,214,074
1.035
325,769,782
972.3
5.38
1.84
2020
 
374,311,796
1.046
357,730,966
1,067.6
9.81
1.91
2021
 
409,885,700
1.090
376,038,477
1,122.3
5.12
1.92
2022
 
430,083,534
1.160
370,624,281
1,106.1
-1.44
1.97
Source: Calculations by the Arizona Regional Economic Analysis Project (AZ-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 Arizona Regional Economic Analysis Project (AZ-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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