Garfield County vs. Washington
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Garfield County vs. Washington
Garfield County:
2022 PCI = $58,112
2022 Percent of State = 77.14%
Washington:
2022 PCI = $75,332
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.
Garfield County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Garfield County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Garfield County's annual per capita 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 Garfield County over time.
When measured in current dollars, Garfield County's per capita personal income increased 918.68%, from $5,705 in 1970 to $58,112 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 73.52%, from $28,861 in 1970 to $50,078 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Garfield County's and Washington's annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Garfield County's real per capita personal income rose from $26,660 in 1969 to $50,078 in 2022, for a net gain of $23,418, or 87.84%. In comparison, Washington's real per capita personal income advanced from $22,551 in 1969 to $64,917 in 2022, for a net advance of $42,366, or 187.86%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Garfield County's real per capita personal income growth in a broader context by offering direct comparisons across time with Washington, 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.
Garfield County's overall real per capita personal income growth was 87.84% over 1969-2022 trailed Washington's increase of 187.86%, and fell below the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Garfield County and Washington per capita personal income as a percent of the national average over 1969-2022.
In 1969, Garfield County's per capita personal income amounted to 128.07% of the national average; in 2022, it approximated 88.76%. Similarly, in 1969, Washington's per capita personal income totaled 108.34% of the national average; in 2022, it consisted of 115.06%.
Garfield County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Garfield County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Garfield County's real per capita 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, Garfield County's real per capita personal income grew at an annual rate of 1.86% over 1970-2022. The county posted its highest growth in 1971 (32.52%) and recorded its lowest growth in 1974 (-21.86%). In 2022, Garfield County's real per capita personal income declined by -2.76%
Garfield County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Garfield County Real Per Capita 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 shows the annual percent change in Garfield County's real per capita 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, Garfield County's annual real per capita personal income growth rate averaged 1.99%. It averaged 1.52% in the 1980s, 0.44% during the 1990s, 3.50% in the 2000s, 1.73% throughout the 2010s, 2.32% thus far this decade (2020-2022).
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 Garfield County noted in the previous graph with the corresponding decade averages for Washington and the nation. As the chart reveals, Garfield County's average annual real per capita personal income growth fell below Washington's average throughout the 1970s (1.99% vs. 2.53%), led Washington's average throughout the 1980s (1.52% vs. 1.41%), recorded under Washington's average during the 1990s (0.44% vs. 2.58%), outperformed Washington's average throughout the 2000s (3.50% vs. 0.96%), amounted to less than Washington's average throughout the 2010s (1.73% vs. 2.73%), and surpassed Washington's average over the 3 year period of the current decade, 2020-2022 (2.32% vs. 2.07%).
Finally, relative to nationwide real per capita personal income growth trends, Garfield County posted below the nation in the 1970s (1.99% vs. 2.37%), fell below the nation during the 1980s (1.52% vs. 2.19%), lagged the nation over the 1990s (0.44% vs. 2.01%), led the nation during the 2000s (3.50% vs. 1.10%), fell under the nation throughout the 2010s (1.73% vs. 1.97%), and registered above the nation over 2020-2022 (2.32% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.86
1.99
1.52
0.44
3.50
1.73
2.32
-2.76
 
2.04
2.53
1.41
2.58
0.96
2.73
2.07
-4.62
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

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

   
 
Garfield County:
Per Capita Personal Income, 1969-2022
 
1969
 
5,034
0.189
26,660
100.0
N
118.22
128.07
1970
 
5,705
0.198
28,861
108.3
8.26
129.65
135.89
1971
 
7,881
0.206
38,246
143.5
32.52
171.51
176.27
1972
 
8,994
0.213
42,209
158.3
10.36
181.51
185.18
1973
 
12,053
0.225
53,677
201.3
27.17
217.88
224.75
1974
 
10,399
0.248
41,942
157.3
-21.86
169.03
178.20
1975
 
9,818
0.269
36,553
137.1
-12.85
143.73
155.26
1976
 
9,539
0.283
33,669
126.3
-7.89
128.49
138.75
1977
 
7,944
0.302
26,326
98.7
-21.81
98.54
105.70
1978
 
9,330
0.323
28,908
108.4
9.81
102.53
111.66
1979
 
9,775
0.351
27,815
104.3
-3.78
96.25
105.88
1980
 
13,647
0.389
35,058
131.5
26.04
122.58
134.01
1981
 
15,258
0.424
35,973
134.9
2.61
125.82
135.13
1982
 
15,330
0.448
34,242
128.4
-4.81
120.13
127.86
1983
 
18,778
0.467
40,231
150.9
17.49
138.53
147.85
1984
 
18,007
0.484
37,174
139.4
-7.60
125.43
129.65
1985
 
16,033
0.501
31,985
120.0
-13.96
106.35
108.73
1986
 
17,293
0.512
33,762
126.6
5.56
108.70
111.70
1987
 
16,221
0.528
30,720
115.2
-9.01
98.35
99.96
1988
 
15,814
0.549
28,823
108.1
-6.17
89.86
90.67
1989
 
17,336
0.573
30,276
113.6
5.04
91.21
92.92
1990
 
18,669
0.598
31,232
117.2
3.16
92.33
95.16
1991
 
18,432
0.618
29,838
111.9
-4.46
87.15
91.93
1992
 
19,943
0.634
31,445
118.0
5.39
89.75
94.62
1993
 
22,293
0.650
34,297
128.6
9.07
97.62
102.67
1994
 
18,121
0.664
27,309
102.4
-20.37
76.88
80.35
1995
 
20,481
0.678
30,229
113.4
10.69
83.81
86.87
1996
 
25,201
0.692
36,416
136.6
20.47
97.52
101.92
1997
 
22,393
0.704
31,805
119.3
-12.66
82.19
86.37
1998
 
23,387
0.710
32,955
123.6
3.62
79.67
85.07
1999
 
21,251
0.720
29,515
110.7
-10.44
69.03
74.32
2000
 
25,308
0.738
34,282
128.6
16.15
77.78
82.84
2001
 
24,345
0.753
32,329
121.3
-5.70
73.80
77.17
2002
 
24,249
0.763
31,785
119.2
-1.68
72.99
76.25
2003
 
27,168
0.779
34,878
130.8
9.73
79.28
83.19
2004
 
26,965
0.798
33,780
126.7
-3.15
74.27
78.89
2005
 
25,963
0.821
31,613
118.6
-6.41
69.79
72.79
2006
 
27,068
0.844
32,056
120.2
1.40
68.11
71.53
2007
 
31,059
0.866
35,861
134.5
11.87
73.04
78.46
2008
 
35,443
0.892
39,747
149.1
10.84
80.37
86.75
2009
 
36,030
0.889
40,519
152.0
1.94
86.45
91.66
2010
 
37,344
0.905
41,257
154.8
1.82
88.23
92.08
2011
 
41,308
0.928
44,511
167.0
7.89
93.29
96.86
2012
 
40,034
0.945
42,349
158.9
-4.86
85.08
90.50
2013
 
39,762
0.958
41,513
155.7
-1.97
83.79
89.55
2014
 
37,868
0.971
38,991
146.3
-6.08
75.34
81.81
2015
 
43,256
0.973
44,457
166.8
14.02
82.53
90.00
2016
 
41,197
0.983
41,917
157.2
-5.71
75.87
84.13
2017
 
43,145
1.000
43,145
161.8
2.93
75.95
84.59
2018
 
44,324
1.020
43,435
162.9
0.67
74.09
83.15
2019
 
48,811
1.035
47,154
176.9
8.56
76.98
87.87
2020
 
55,960
1.046
53,481
200.6
13.42
82.69
94.60
2021
 
56,136
1.090
51,500
193.2
-3.70
75.67
87.13
2022
 
58,112
1.160
50,078
187.8
-2.76
77.14
88.76
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

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

   
 
Washington:
Per Capita Personal Income, 1969-2022
 
1969
 
4,258
0.189
22,551
100.0
N
108.34
1970
 
4,400
0.198
22,261
98.7
-1.29
104.82
1971
 
4,595
0.206
22,300
98.9
0.18
102.78
1972
 
4,955
0.213
23,254
103.1
4.28
102.02
1973
 
5,532
0.225
24,636
109.2
5.94
103.15
1974
 
6,152
0.248
24,814
110.0
0.72
105.42
1975
 
6,831
0.269
25,431
112.8
2.49
108.02
1976
 
7,424
0.283
26,203
116.2
3.03
107.98
1977
 
8,062
0.302
26,716
118.5
1.96
107.27
1978
 
9,101
0.323
28,196
125.0
5.54
108.91
1979
 
10,156
0.351
28,898
128.1
2.49
110.00
1980
 
11,133
0.389
28,599
126.8
-1.03
109.32
1981
 
12,127
0.424
28,590
126.8
-0.03
107.40
1982
 
12,761
0.448
28,503
126.4
-0.31
106.43
1983
 
13,555
0.467
29,041
128.8
1.89
106.73
1984
 
14,356
0.484
29,638
131.4
2.05
103.36
1985
 
15,076
0.501
30,075
133.4
1.48
102.24
1986
 
15,908
0.512
31,059
137.7
3.27
102.75
1987
 
16,493
0.528
31,236
138.5
0.57
101.64
1988
 
17,598
0.549
32,075
142.2
2.68
100.90
1989
 
19,007
0.573
33,194
147.2
3.49
101.87
1990
 
20,219
0.598
33,825
150.0
1.90
103.06
1991
 
21,149
0.618
34,237
151.8
1.22
105.48
1992
 
22,220
0.634
35,036
155.4
2.33
105.42
1993
 
22,836
0.650
35,132
155.8
0.27
105.17
1994
 
23,570
0.664
35,520
157.5
1.10
104.51
1995
 
24,436
0.678
36,066
159.9
1.54
103.64
1996
 
25,841
0.692
37,341
165.6
3.54
104.51
1997
 
27,245
0.704
38,697
171.6
3.63
105.09
1998
 
29,355
0.710
41,364
183.4
6.89
106.77
1999
 
30,786
0.720
42,758
189.6
3.37
107.67
2000
 
32,538
0.738
44,077
195.4
3.08
106.51
2001
 
32,986
0.753
43,805
194.2
-0.62
104.56
2002
 
33,222
0.763
43,547
193.1
-0.59
104.47
2003
 
34,267
0.779
43,991
195.1
1.02
104.92
2004
 
36,309
0.798
45,485
201.7
3.40
106.22
2005
 
37,202
0.821
45,298
200.9
-0.41
104.30
2006
 
39,744
0.844
47,068
208.7
3.91
105.03
2007
 
42,524
0.866
49,100
217.7
4.32
107.42
2008
 
44,098
0.892
49,454
219.3
0.72
107.94
2009
 
41,679
0.889
46,872
207.8
-5.22
106.03
2010
 
42,327
0.905
46,763
207.4
-0.23
104.36
2011
 
44,281
0.928
47,715
211.6
2.04
103.83
2012
 
47,057
0.945
49,778
220.7
4.32
106.37
2013
 
47,454
0.958
49,544
219.7
-0.47
106.88
2014
 
50,265
0.971
51,755
229.5
4.46
108.59
2015
 
52,415
0.973
53,870
238.9
4.09
109.06
2016
 
54,302
0.983
55,250
245.0
2.56
110.89
2017
 
56,805
1.000
56,805
251.9
2.81
111.37
2018
 
59,827
1.020
58,627
260.0
3.21
112.23
2019
 
63,405
1.035
61,254
271.6
4.48
114.15
2020
 
67,674
1.046
64,676
286.8
5.59
114.40
2021
 
74,188
1.090
68,061
301.8
5.23
115.14
2022
 
75,332
1.160
64,917
287.9
-4.62
115.06
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_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:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the Washington Regional Economic Analysis Project (WA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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