Yavapai County vs. Arizona
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Yavapai County vs. Arizona
Yavapai County:
2022 TPI = $12,739,608K
2022 Percent of State = 2.96%
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 Yavapai 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.
Yavapai County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Yavapai County Total Personal Income, 1970-2022 Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Yavapai 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 Yavapai County over time.
When measured in current dollars, Yavapai County's total personal income increased 8,724.70%, from $144M in 1970 to $12,740M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,403.14%, from $730M in 1970 to $10,978M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Yavapai 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, Yavapai County's real total personal income rose from $655M in 1969 to $10,978M in 2022, for a net gain of $10,323M, or 1,575.66%. In comparison, Arizona's real total personal income increased from $33,507M in 1969 to $370,624M in 2022, for a net advance of $337,118M, or 1,006.12%.
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 3.
Another interesting and insightful way of comparing the total personal income growth of Yavapai County is to compare its individual percentage contributions to Arizona's statewide total personal income over time, as shown in Figure 3. 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, Yavapai County's total personal income totaled 1.96% of Arizona's total personal income, while in 2022 it totaled 2.96% thereby yielding a +1.01% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
Yavapai County
+1.01%
=
2.96%
-
1.96%
*Percent figures may not add due to rounding by a factor of ± 0.01%.
 
   
Yavapai County Real Total Personal Income:
Annual Percent Change, 1970-2022
Yavapai County Real Total Personal Income: Annual Percent Change, 1970-2022
Figure 4.
Figure 4 shows the short-run pattern of Yavapai 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 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, Yavapai County's real total personal income grew at an annual rate of 5.53% over 1970-2022. The county posted its highest growth in 1972 (14.86%) and posted its lowest growth in 2009 (-4.38%). In 2022, Yavapai County's real total personal income declined by -1.31%
Yavapai County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Yavapai County Real Total Personal Income: Annual Percent Change and Decade Averages Over 1970-2022
Figure 5.
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 5 again shows the annual percent change in Yavapai 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, 2010s, and 2020-2022.
During the 1970s, Yavapai County's annual real total personal income growth rate averaged 8.53%. It averaged 6.26% throughout the 1980s, 5.82% during the 1990s, 4.04% throughout the 2000s, 3.28% throughout the 2010s, 4.60% thus far this decade (2020-2022).

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

   
 
Yavapai County:
Total Personal Income, 1969-2022
Year
 
Current
Dollars
(1000s)
Implicit
Price
Deflator2
Constant
Dollars
(1000s)
Index1
Percent
Change
Percent of
Statewide
Total
1969
 
123,715
0.189
655,166
100.0
N
1.96
1970
 
144,363
0.198
730,360
111.5
11.48
2.00
1971
 
171,295
0.206
831,327
126.9
13.82
2.07
1972
 
203,467
0.213
954,885
145.7
14.86
2.15
1973
 
241,208
0.225
1,074,184
164.0
12.49
2.21
1974
 
263,506
0.248
1,062,824
162.2
-1.06
2.14
1975
 
299,669
0.269
1,115,670
170.3
4.97
2.25
1976
 
332,974
0.283
1,175,216
179.4
5.34
2.25
1977
 
384,717
0.302
1,274,911
194.6
8.48
2.31
1978
 
449,804
0.323
1,393,618
212.7
9.31
2.30
1979
 
517,177
0.351
1,471,636
224.6
5.60
2.25
1980
 
618,085
0.389
1,587,765
242.3
7.89
2.33
1981
 
712,409
0.424
1,679,616
256.4
5.78
2.36
1982
 
759,416
0.448
1,696,223
258.9
0.99
2.36
1983
 
841,080
0.467
1,801,954
275.0
6.23
2.37
1984
 
945,679
0.484
1,952,309
298.0
8.34
2.36
1985
 
1,066,117
0.501
2,126,789
324.6
8.94
2.39
1986
 
1,185,773
0.512
2,315,104
353.4
8.85
2.43
1987
 
1,265,241
0.528
2,396,199
365.7
3.50
2.42
1988
 
1,407,583
0.549
2,565,539
391.6
7.07
2.48
1989
 
1,542,495
0.573
2,693,797
411.2
5.00
2.54
1990
 
1,657,643
0.598
2,773,138
423.3
2.95
2.60
1991
 
1,774,785
0.618
2,873,029
438.5
3.60
2.64
1992
 
1,914,709
0.634
3,019,093
460.8
5.08
2.67
1993
 
2,079,901
0.650
3,199,848
488.4
5.99
2.70
1994
 
2,368,886
0.664
3,569,965
544.9
11.57
2.81
1995
 
2,525,938
0.678
3,728,102
569.0
4.43
2.75
1996
 
2,741,613
0.692
3,961,697
604.7
6.27
2.76
1997
 
2,962,945
0.704
4,208,310
642.3
6.22
2.75
1998
 
3,241,490
0.710
4,567,602
697.2
8.54
2.75
1999
 
3,406,373
0.720
4,731,008
722.1
3.58
2.73
2000
 
3,645,510
0.738
4,938,243
753.7
4.38
2.69
2001
 
3,894,641
0.753
5,172,029
789.4
4.73
2.74
2002
 
4,047,972
0.763
5,305,963
809.9
2.59
2.75
2003
 
4,318,609
0.779
5,544,213
846.2
4.49
2.76
2004
 
4,782,507
0.798
5,991,089
914.4
8.06
2.81
2005
 
5,327,146
0.821
6,486,473
990.1
8.27
2.84
2006
 
5,844,312
0.844
6,921,260
1,056.4
6.70
2.81
2007
 
6,294,205
0.866
7,267,548
1,109.3
5.00
2.87
2008
 
6,517,185
0.892
7,308,719
1,115.6
0.57
2.92
2009
 
6,214,018
0.889
6,988,246
1,066.6
-4.38
2.93
2010
 
6,166,361
0.905
6,812,605
1,039.8
-2.51
2.85
2011
 
6,433,249
0.928
6,932,082
1,058.1
1.75
2.83
2012
 
6,583,075
0.945
6,963,711
1,062.9
0.46
2.78
2013
 
6,908,898
0.958
7,213,224
1,101.0
3.58
2.85
2014
 
7,421,700
0.971
7,641,705
1,166.4
5.94
2.93
2015
 
7,819,352
0.973
8,036,416
1,226.6
5.17
2.92
2016
 
8,209,084
0.983
8,352,411
1,274.9
3.93
2.93
2017
 
8,839,071
1.000
8,839,071
1,349.1
5.83
2.97
2018
 
9,362,371
1.020
9,174,568
1,400.3
3.80
2.97
2019
 
9,960,799
1.035
9,622,752
1,468.8
4.89
2.95
2020
 
11,138,173
1.046
10,644,787
1,624.7
10.62
2.98
2021
 
12,125,489
1.090
11,124,200
1,697.9
4.50
2.96
2022
 
12,739,608
1.160
10,978,351
1,675.7
-1.31
2.96
11969 = 100
2Implicit Price Deflator for Personal Consumption (2017=1.00).
*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).
NData not available for this year or not meaningful.
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
Year
 
Current
Dollars
(1000s)
Implicit
Price
Deflator2
Constant
Dollars
(1000s)
Index1
Percent
Change
Percent of
Nationwide
Total
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
11969 = 100
2Implicit Price Deflator for Personal Consumption (2017=1.00).
*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).
NData not available for this year or not meaningful.
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
Year
 
Current
Dollars
(1000s)
Implicit
Price
Deflator2
Constant
Dollars
(1000s)
Index1
Percent
Change
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
11969 = 100
2Implicit Price Deflator for Personal Consumption (2017=1.00).
*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).
NData not available for this year or not meaningful.
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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