Clark County vs. Washington
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Clark County vs. Washington
Clark County:
2022 TPI = $33,860,383K
2022 Percent of State = 5.77%
Washington:
2022 TPI = $586,520,188K
2022 Percent of U.S. = 2.69%
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 Clark County and Washington 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.
Clark County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Clark County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Clark 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 Clark County over time.
When measured in current dollars, Clark County's total personal income increased 6,393.07%, from $521M in 1970 to $33,860M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,005.99%, from $2,638M in 1970 to $29,179M in 2022.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 2.
Figure 2 portrays Clark County's real total 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 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.
Clark County's overall real total personal income growth was 1,034.32% over 1969-2022 outpaced Washington's increase of 570.43%, and outpaced the United States' increase of 348.76%.
Total Personal Income as a Percent of the Washington Total: 1969-2022
Total Personal Income as a Percent of the Washington Total: 1969-2022
Figure 3.
Another interesting and insightful way of comparing the total personal income growth of Clark County is to trace its individual percentage contributions to Washington'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 Washington's total personal income, while a declining share shows it grew more slowly.
In 1969, Clark County's total personal income comprised 3.41% of Washington's total personal income, while in 2022 it equated to 5.77% thereby yielding a +2.36% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+2.36%
=
5.77%
-
3.41%
 
   
Clark County Real Total Personal Income:
Annual Percent Change, 1970-2022
Clark County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 4.
Figure 4 shows the short-run pattern of Clark 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, Clark County's real total personal income grew at an annual rate of 4.73% over 1970-2022. The county posted its highest growth in 1972 (10.26%) and posted its lowest growth in 2009 (-4.28%). In 2022, Clark County's real total personal income declined by -2.93%
Clark County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Clark 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 illustrates the annual percent change in Clark 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, Clark County's annual real total personal income growth rate averaged 6.64%. It averaged 4.00% during the 1980s, 6.08% in the 1990s, 3.15% during the 2000s, 4.16% during the 2010s, 3.56% 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 6.
Figure 6 compares the decade average growth rates for Clark County noted in the previous graph with the corresponding decade averages for Washington and the nation. As the chart reveals, Clark County's average annual real total personal income growth registered above Washington's average during the 1970s (6.64% vs. 4.43%), surpassed Washington's average during the 1980s (4.00% vs. 3.12%), surpassed Washington's average during the 1990s (6.08% vs. 4.73%), led Washington's average during the 2000s (3.15% vs. 2.30%), outgained Washington's average in the 2010s (4.16% vs. 4.14%), and led Washington's average over the 3 year period of the current decade, 2020-2022 (3.56% vs. 2.72%).
Finally, relative to nationwide real total personal income growth trends, Clark County outpaced the nation throughout the 1970s (6.64% vs. 3.50%), surpassed the nation during the 1980s (4.00% vs. 3.16%), exceeded the nation during the 1990s (6.08% vs. 3.27%), topped the nation throughout the 2000s (3.15% vs. 2.06%), topped the nation throughout the 2010s (4.16% vs. 2.72%), and surpassed the nation over 2020-2022 (3.56% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.73
6.64
4.00
6.08
3.15
4.16
3.56
-2.93
 
3.69
4.43
3.12
4.73
2.30
4.14
2.72
-4.06
 
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.

   
 
Clark County:
Total Personal Income, 1969-2022
 
1969
 
485,745
0.189
2,572,393
100.0
N
3.41
1970
 
521,485
0.198
2,638,293
102.6
2.56
3.47
1971
 
585,504
0.206
2,841,563
110.5
7.70
3.70
1972
 
667,615
0.213
3,133,166
121.8
10.26
3.91
1973
 
758,084
0.225
3,376,014
131.2
7.75
3.94
1974
 
868,074
0.248
3,501,287
136.1
3.71
3.98
1975
 
969,775
0.269
3,610,480
140.4
3.12
3.92
1976
 
1,106,896
0.283
3,906,738
151.9
8.21
4.04
1977
 
1,254,953
0.302
4,158,778
161.7
6.45
4.13
1978
 
1,469,515
0.323
4,552,965
177.0
9.48
4.16
1979
 
1,714,098
0.351
4,877,495
189.6
7.13
4.21
1980
 
1,964,408
0.389
5,046,260
196.2
3.46
4.25
1981
 
2,163,989
0.424
5,101,943
198.3
1.10
4.21
1982
 
2,258,011
0.448
5,043,468
196.1
-1.15
4.14
1983
 
2,430,079
0.467
5,206,271
202.4
3.23
4.17
1984
 
2,689,223
0.484
5,551,772
215.8
6.64
4.31
1985
 
2,843,065
0.501
5,671,611
220.5
2.16
4.29
1986
 
3,055,567
0.512
5,965,690
231.9
5.19
4.31
1987
 
3,261,243
0.528
6,176,363
240.1
3.53
4.36
1988
 
3,679,212
0.549
6,705,936
260.7
8.57
4.51
1989
 
4,118,856
0.573
7,193,126
279.6
7.27
4.57
1990
 
4,537,638
0.598
7,591,197
295.1
5.53
4.58
1991
 
4,866,222
0.618
7,877,460
306.2
3.77
4.58
1992
 
5,321,337
0.634
8,390,629
326.2
6.51
4.64
1993
 
5,813,563
0.650
8,943,943
347.7
6.59
4.82
1994
 
6,297,656
0.664
9,490,711
368.9
6.11
4.97
1995
 
6,877,156
0.678
10,150,184
394.6
6.95
5.13
1996
 
7,634,229
0.692
11,031,645
428.8
8.68
5.30
1997
 
8,439,279
0.704
11,986,420
466.0
8.65
5.46
1998
 
9,030,610
0.710
12,725,083
494.7
6.16
5.33
1999
 
9,324,640
0.720
12,950,709
503.4
1.77
5.18
2000
 
10,250,270
0.738
13,885,116
539.8
7.22
5.33
2001
 
10,606,299
0.753
14,085,016
547.5
1.44
5.37
2002
 
10,709,481
0.763
14,037,673
545.7
-0.34
5.33
2003
 
11,352,775
0.779
14,574,646
566.6
3.83
5.43
2004
 
12,168,591
0.798
15,243,703
592.6
4.59
5.42
2005
 
13,205,318
0.821
16,079,143
625.1
5.48
5.67
2006
 
14,250,709
0.844
16,876,728
656.1
4.96
5.63
2007
 
15,355,218
0.866
17,729,765
689.2
5.05
5.59
2008
 
16,365,996
0.892
18,353,702
713.5
3.52
5.66
2009
 
15,621,546
0.889
17,567,893
682.9
-4.28
5.62
2010
 
15,953,409
0.905
17,625,350
685.2
0.33
5.59
2011
 
16,916,415
0.928
18,228,110
708.6
3.42
5.59
2012
 
18,067,782
0.945
19,112,470
743.0
4.85
5.56
2013
 
18,192,132
0.958
18,993,466
738.4
-0.62
5.50
2014
 
19,600,582
0.971
20,181,611
784.5
6.26
5.52
2015
 
20,856,357
0.973
21,435,325
833.3
6.21
5.54
2016
 
22,105,895
0.983
22,491,855
874.4
4.93
5.56
2017
 
23,568,216
1.000
23,568,216
916.2
4.79
5.57
2018
 
25,537,617
1.020
25,025,348
972.8
6.18
5.65
2019
 
27,275,370
1.035
26,349,705
1,024.3
5.29
5.63
2020
 
29,220,288
1.046
27,925,922
1,085.6
5.98
5.59
2021
 
32,766,056
1.090
30,060,326
1,168.6
7.64
5.71
2022
 
33,860,383
1.160
29,179,169
1,134.3
-2.93
5.77
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_300_PSN
 
   

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

   
 
Washington:
Total Personal Income, 1969-2022
 
1969
 
14,235,772
0.189
75,389,356
100.0
N
1.80
1970
 
15,036,667
0.198
76,073,394
100.9
0.91
1.76
1971
 
15,838,561
0.206
76,867,561
102.0
1.04
1.71
1972
 
17,079,016
0.213
80,153,069
106.3
4.27
1.68
1973
 
19,236,035
0.225
85,664,819
113.6
6.88
1.70
1974
 
21,826,702
0.248
88,035,744
116.8
2.77
1.75
1975
 
24,719,584
0.269
92,031,214
122.1
4.54
1.81
1976
 
27,398,764
0.283
96,702,658
128.3
5.08
1.83
1977
 
30,411,983
0.302
100,782,022
133.7
4.22
1.84
1978
 
35,366,608
0.323
109,575,561
145.3
8.73
1.91
1979
 
40,752,946
0.351
115,963,196
153.8
5.83
1.97
1980
 
46,254,685
0.389
118,821,118
157.6
2.46
2.00
1981
 
51,365,099
0.424
121,101,259
160.6
1.92
1.98
1982
 
54,573,628
0.448
121,895,039
161.7
0.66
1.96
1983
 
58,291,800
0.467
124,886,023
165.7
2.45
1.96
1984
 
62,358,723
0.484
128,736,603
170.8
3.08
1.90
1985
 
66,336,846
0.501
132,334,915
175.5
2.80
1.89
1986
 
70,833,996
0.512
138,296,328
183.4
4.50
1.91
1987
 
74,745,705
0.528
141,558,473
187.8
2.36
1.90
1988
 
81,651,774
0.549
148,823,064
197.4
5.13
1.91
1989
 
90,213,844
0.573
157,548,495
209.0
5.86
1.96
1990
 
99,135,239
0.598
165,847,326
220.0
5.27
2.02
1991
 
106,288,273
0.618
172,059,884
228.2
3.75
2.10
1992
 
114,669,850
0.634
180,810,233
239.8
5.09
2.12
1993
 
120,546,409
0.650
185,456,014
246.0
2.57
2.14
1994
 
126,690,099
0.664
190,924,858
253.3
2.95
2.14
1995
 
133,934,768
0.678
197,678,023
262.2
3.54
2.13
1996
 
143,929,234
0.692
207,981,206
275.9
5.21
2.16
1997
 
154,610,940
0.704
219,595,978
291.3
5.58
2.19
1998
 
169,365,441
0.710
238,653,798
316.6
8.68
2.23
1999
 
179,870,334
0.720
249,816,439
331.4
4.68
2.25
2000
 
192,317,794
0.738
260,515,556
345.6
4.28
2.23
2001
 
197,445,687
0.753
262,205,103
347.8
0.65
2.20
2002
 
201,073,137
0.763
263,560,757
349.6
0.52
2.20
2003
 
209,167,846
0.779
268,528,829
356.2
1.88
2.21
2004
 
224,342,927
0.798
281,036,400
372.8
4.66
2.24
2005
 
232,783,787
0.821
283,443,675
376.0
0.86
2.21
2006
 
253,199,891
0.844
299,857,758
397.7
5.79
2.24
2007
 
274,770,444
0.866
317,261,242
420.8
5.80
2.30
2008
 
289,381,122
0.892
324,527,444
430.5
2.29
2.33
2009
 
277,889,805
0.889
312,513,135
414.5
-3.70
2.30
2010
 
285,436,747
0.905
315,350,937
418.3
0.91
2.27
2011
 
302,460,806
0.928
325,913,545
432.3
3.35
2.27
2012
 
324,882,731
0.945
343,667,602
455.9
5.45
2.34
2013
 
330,952,568
0.958
345,530,500
458.3
0.54
2.35
2014
 
355,276,626
0.971
365,808,245
485.2
5.87
2.40
2015
 
376,360,823
0.973
386,808,521
513.1
5.74
2.43
2016
 
397,270,635
0.983
404,206,824
536.2
4.50
2.50
2017
 
423,017,231
1.000
423,017,231
561.1
4.65
2.54
2018
 
451,609,165
1.020
442,550,163
587.0
4.62
2.58
2019
 
484,334,162
1.035
467,896,942
620.6
5.73
2.64
2020
 
522,713,789
1.046
499,559,219
662.6
6.77
2.67
2021
 
574,266,835
1.090
526,845,474
698.8
5.46
2.68
2022
 
586,520,188
1.160
505,433,493
670.4
-4.06
2.69
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_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 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_300_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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