Carroll County vs. New Hampshire
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2017
Introduction
Carroll County:
2017 TPI = $2,698,567K
2017 Percent of State = 3.4%
New Hampshire:
2017 TPI = $80,122,027K
2017 Percent of State = 0.5%
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 Carroll County and New Hampshire 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 2012 constant dollar (real) estimates of total personal income reported in the tables and portrayed graphically below are determined using the Chain-Weight Implicit Price Deflator for Personal Consumption.
Data Definition:
Personal Income is the income that is received by all persons from all sources. It is calculated as the sum of wage and salary disbursements, 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. The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients.
Carroll County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Carroll County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Carroll County's annual total personal income over 1969-2017 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Carroll County over time.
When measured in current dollars, Carroll County's total personal income increased 3,679.8%, from $71M in 1969 to $2,699M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 613.2%, from $357M in 1969 to $2,544M in 2017.
Real Total Personal Income, 1969-2017 (Millions)
Real Total Personal Income, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Carroll County's and New Hampshire's annual real total personal income for the period 1969-2017 to illustrate real total personal income patterns over time. During this 49-year period, Carroll County's real total personal income rose from $357M in 1969 to $2,544M in 2017, for a net gain of $2,187M, or 613.2%. In comparison, New Hampshire's real total personal income increased from $13,930M in 1969 to $75,535M in 2017, for a net gain of $61,605M, or 442.2%.
Real Total Personal Income Indices (1969=100): 1969-2017
Real Total Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows Carroll County's real total personal income growth in a broader context by offering direct comparisons across time with New Hampshire, 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.
Carroll County's overall real total personal income growth was 613.2% over 1969-2017 outpaced New Hampshire's increase of 442.2%, and outpaced the United States' increase of 301.2%.
Total Personal Income as a Percent of the New Hampshire Total: 1969-2017
Total Personal Income as a Percent of the New Hampshire Total: 1969-2017
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Carroll County is to trace its individual percentage contributions to New Hampshire'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 New Hampshire's total personal income, while a declining share shows it grew more slowly.
In 1969, Carroll County's total personal income totaled 2.6% of New Hampshire's total personal income, while in 2017 it comprised 3.4% thereby yielding a +0.8% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+0.81%
=
3.37%
-
2.56%
 
   
Carroll County Real Total Personal Income:
Annual Percent Change, 1970-2017
Carroll County Real Total Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Carroll County's real total personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Carroll County's real total personal income grew at an annual rate of 4.25% over 1970-2017. The county posted its highest growth in 1986 (12.33%) and posted its lowest growth in 1990 (-5.71%). In 2017, Carroll County's real total personal income grew by 2.24%
Carroll County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Carroll County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 Carroll 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, and 2010-2017.
During the 1970s, Carroll County's annual real total personal income growth rate averaged 5.93%. It averaged 7.13% throughout the 1980s, 3.26% in the 1990s, 2.18% throughout the 2000s, and 2.40% thus far this decade (2010 to 2017).
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 Carroll County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Carroll County's average annual real total personal income growth recorded above New Hampshire's average throughout the 1970s (5.93% vs. 4.60%), outgained New Hampshire's average throughout the 1980s (7.13% vs. 5.69%), outgained New Hampshire's average in the 1990s (3.26% vs. 3.12%), recorded under New Hampshire's average throughout the 2000s (2.18% vs. 2.22%), and led New Hampshire's average over the 8 year period of the last decade, 2010-2017 (2.40% vs. 2.24%).
Finally, relative to nationwide real total personal income growth trends, Carroll County exceeded the nation during the 1970s (5.93% vs. 3.48%), outpaced the nation during the 1980s (7.13% vs. 3.18%), fell under the nation during the 1990s (3.26% vs. 3.28%), exceeded the nation throughout the 2000s (2.18% vs. 2.07%), and trailed the nation over 2010-2017 (2.40% vs. 2.72%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.25
5.93
7.13
3.26
2.18
2.40
2.24
 
3.63
4.60
5.69
3.12
2.22
2.24
3.26
 
2.95
3.48
3.18
3.28
2.07
2.72
2.56
 
   

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

   
 
Carroll County:
Total Personal Income, 1969-2017
 
1969
 
71,395
0.200
356,707
100.0
N
2.56
1970
 
75,309
0.210
359,453
100.8
0.77
2.53
1971
 
85,562
0.218
391,749
109.8
8.98
2.65
1972
 
97,301
0.226
430,802
120.8
9.97
2.73
1973
 
111,319
0.238
467,688
131.1
8.56
2.77
1974
 
123,115
0.263
468,474
131.3
0.17
2.78
1975
 
136,148
0.285
478,216
134.1
2.08
2.83
1976
 
157,822
0.300
525,513
147.3
9.89
2.90
1977
 
180,559
0.320
564,494
158.3
7.42
2.93
1978
 
206,780
0.342
604,425
169.4
7.07
2.91
1979
 
234,931
0.373
630,670
176.8
4.34
2.90
1980
 
268,380
0.413
650,429
182.3
3.13
2.89
1981
 
312,637
0.450
695,398
194.9
6.91
2.98
1982
 
337,978
0.475
712,192
199.7
2.42
2.92
1983
 
366,540
0.495
740,874
207.7
4.03
2.88
1984
 
424,331
0.513
826,463
231.7
11.55
2.95
1985
 
471,832
0.531
888,004
248.9
7.45
2.97
1986
 
541,548
0.543
997,510
279.6
12.33
3.08
1987
 
624,934
0.560
1,116,671
313.0
11.95
3.21
1988
 
701,012
0.582
1,205,503
338.0
7.96
3.27
1989
 
757,761
0.607
1,248,576
350.0
3.57
3.31
1990
 
745,841
0.634
1,177,241
330.0
-5.71
3.24
1991
 
773,687
0.655
1,181,689
331.3
0.38
3.25
1992
 
808,488
0.672
1,202,785
337.2
1.79
3.24
1993
 
829,484
0.689
1,204,035
337.5
0.10
3.22
1994
 
905,591
0.703
1,287,631
361.0
6.94
3.28
1995
 
949,034
0.718
1,321,572
370.5
2.64
3.24
1996
 
1,008,493
0.733
1,374,980
385.5
4.04
3.25
1997
 
1,096,327
0.746
1,469,154
411.9
6.85
3.29
1998
 
1,215,813
0.752
1,616,429
453.2
10.02
3.32
1999
 
1,302,414
0.763
1,706,115
478.3
5.55
3.34
2000
 
1,455,756
0.782
1,860,748
521.6
9.06
3.31
2001
 
1,588,386
0.797
1,992,006
558.4
7.05
3.43
2002
 
1,647,672
0.808
2,039,476
571.8
2.38
3.49
2003
 
1,645,945
0.824
1,998,525
560.3
-2.01
3.42
2004
 
1,744,174
0.844
2,066,288
579.3
3.39
3.42
2005
 
1,789,151
0.868
2,060,949
577.8
-0.26
3.38
2006
 
1,872,506
0.892
2,099,834
588.7
1.89
3.30
2007
 
1,922,205
0.914
2,102,195
589.3
0.11
3.26
2008
 
2,000,876
0.942
2,124,523
595.6
1.06
3.31
2009
 
1,981,124
0.941
2,105,473
590.3
-0.90
3.32
2010
 
2,049,957
0.957
2,141,954
600.5
1.73
3.29
2011
 
2,170,191
0.981
2,211,524
620.0
3.25
3.32
2012
 
2,291,051
1.000
2,291,051
642.3
3.60
3.34
2013
 
2,310,896
1.013
2,280,204
639.2
-0.47
3.39
2014
 
2,387,368
1.029
2,320,807
650.6
1.78
3.39
2015
 
2,489,331
1.031
2,413,873
676.7
4.01
3.39
2016
 
2,593,769
1.042
2,488,386
697.6
3.09
3.40
2017
 
2,698,567
1.061
2,544,066
713.2
2.24
3.37
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PSN
 
   

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

   
 
New Hampshire:
Total Personal Income, 1969-2017
 
1969
 
2,788,141
0.200
13,930,257
100.0
N
0.35
1970
 
2,974,271
0.210
14,196,320
101.9
1.91
0.35
1971
 
3,228,188
0.218
14,780,404
106.1
4.11
0.35
1972
 
3,569,215
0.226
15,802,776
113.4
6.92
0.35
1973
 
4,015,901
0.238
16,872,116
121.1
6.77
0.36
1974
 
4,422,445
0.263
16,828,177
120.8
-0.26
0.36
1975
 
4,815,390
0.285
16,913,909
121.4
0.51
0.35
1976
 
5,443,554
0.300
18,125,846
130.1
7.17
0.36
1977
 
6,154,938
0.320
19,242,600
138.1
6.16
0.37
1978
 
7,096,546
0.342
20,743,463
148.9
7.80
0.38
1979
 
8,109,526
0.373
21,769,955
156.3
4.95
0.39
1980
 
9,274,186
0.413
22,476,337
161.3
3.24
0.40
1981
 
10,505,613
0.450
23,367,616
167.7
3.97
0.41
1982
 
11,568,428
0.475
24,377,166
175.0
4.32
0.42
1983
 
12,714,401
0.495
25,699,157
184.5
5.42
0.43
1984
 
14,383,191
0.513
28,013,928
201.1
9.01
0.44
1985
 
15,892,572
0.531
29,910,362
214.7
6.77
0.45
1986
 
17,589,083
0.543
32,398,385
232.6
8.32
0.47
1987
 
19,464,425
0.560
34,780,261
249.7
7.35
0.49
1988
 
21,419,236
0.582
36,833,822
264.4
5.90
0.50
1989
 
22,925,371
0.607
37,774,544
271.2
2.55
0.50
1990
 
23,025,351
0.634
36,343,384
260.9
-3.79
0.47
1991
 
23,788,602
0.655
36,333,453
260.8
-0.03
0.47
1992
 
24,948,920
0.672
37,116,427
266.4
2.15
0.46
1993
 
25,787,395
0.689
37,431,625
268.7
0.85
0.46
1994
 
27,573,320
0.703
39,205,631
281.4
4.74
0.46
1995
 
29,299,859
0.718
40,801,352
292.9
4.07
0.47
1996
 
31,032,084
0.733
42,309,170
303.7
3.70
0.47
1997
 
33,335,717
0.746
44,672,175
320.7
5.59
0.47
1998
 
36,590,787
0.752
48,647,611
349.2
8.90
0.48
1999
 
39,010,030
0.763
51,101,719
366.8
5.04
0.49
2000
 
43,966,312
0.782
56,197,753
403.4
9.97
0.51
2001
 
46,376,182
0.797
58,160,704
417.5
3.49
0.52
2002
 
47,155,617
0.808
58,368,858
419.0
0.36
0.52
2003
 
48,122,293
0.824
58,430,624
419.5
0.11
0.51
2004
 
51,035,366
0.844
60,460,563
434.0
3.47
0.51
2005
 
52,919,603
0.868
60,958,857
437.6
0.82
0.50
2006
 
56,713,350
0.892
63,598,526
456.5
4.33
0.50
2007
 
58,904,397
0.914
64,420,041
462.4
1.29
0.49
2008
 
60,395,578
0.942
64,127,817
460.3
-0.45
0.49
2009
 
59,597,335
0.941
63,338,082
454.7
-1.23
0.49
2010
 
62,306,285
0.957
65,102,435
467.3
2.79
0.50
2011
 
65,443,284
0.981
66,689,715
478.7
2.44
0.49
2012
 
68,557,565
1.000
68,557,565
492.1
2.80
0.49
2013
 
68,116,942
1.013
67,212,265
482.5
-1.96
0.48
2014
 
70,506,468
1.029
68,540,720
492.0
1.98
0.47
2015
 
73,430,001
1.031
71,204,159
511.1
3.89
0.47
2016
 
76,247,448
1.042
73,149,564
525.1
2.73
0.47
2017
 
80,122,027
1.061
75,534,799
542.2
3.26
0.48
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
791,150,000
0.200
3,952,785,411
100.0
N
1970
 
855,078,000
0.210
4,081,323,087
103.3
3.25
1971
 
923,964,000
0.218
4,230,410,696
107.0
3.65
1972
 
1,015,526,000
0.226
4,496,263,172
113.7
6.28
1973
 
1,131,213,000
0.238
4,752,596,421
120.2
5.70
1974
 
1,242,433,000
0.263
4,727,675,038
119.6
-0.52
1975
 
1,359,998,000
0.285
4,776,951,177
120.9
1.04
1976
 
1,491,506,000
0.300
4,966,389,185
125.6
3.97
1977
 
1,646,968,000
0.320
5,149,027,700
130.3
3.68
1978
 
1,851,867,000
0.342
5,413,074,742
136.9
5.13
1979
 
2,068,806,000
0.373
5,553,692,518
140.5
2.60
1980
 
2,307,005,000
0.413
5,591,112,888
141.4
0.67
1981
 
2,584,340,000
0.450
5,748,342,898
145.4
2.81
1982
 
2,767,657,000
0.475
5,832,048,635
147.5
1.46
1983
 
2,957,901,000
0.495
5,978,697,902
151.3
2.51
1984
 
3,268,535,000
0.513
6,366,077,167
161.1
6.48
1985
 
3,501,927,000
0.531
6,590,746,038
166.7
3.53
1986
 
3,712,243,000
0.543
6,837,802,542
173.0
3.75
1987
 
3,940,859,000
0.560
7,041,775,070
178.1
2.98
1988
 
4,260,753,000
0.582
7,327,050,266
185.4
4.05
1989
 
4,603,969,000
0.607
7,586,042,182
191.9
3.53
1990
 
4,890,453,000
0.634
7,719,127,141
195.3
1.75
1991
 
5,055,766,000
0.655
7,721,909,795
195.4
0.04
1992
 
5,402,109,000
0.672
8,036,699,991
203.3
4.08
1993
 
5,639,780,000
0.689
8,186,407,711
207.1
1.86
1994
 
5,930,316,000
0.703
8,432,128,537
213.3
3.00
1995
 
6,275,761,000
0.718
8,739,275,320
221.1
3.64
1996
 
6,661,697,000
0.733
9,082,563,466
229.8
3.93
1997
 
7,075,132,000
0.746
9,481,168,005
239.9
4.39
1998
 
7,588,703,000
0.752
10,089,213,731
255.2
6.41
1999
 
7,988,183,000
0.763
10,464,228,824
264.7
3.72
2000
 
8,634,847,000
0.782
11,037,063,974
279.2
5.47
2001
 
9,001,839,000
0.797
11,289,271,113
285.6
2.29
2002
 
9,155,663,000
0.808
11,332,808,922
286.7
0.39
2003
 
9,480,901,000
0.824
11,511,815,488
291.2
1.58
2004
 
10,028,781,000
0.844
11,880,893,485
300.6
3.21
2005
 
10,593,946,000
0.868
12,203,319,818
308.7
2.71
2006
 
11,372,589,000
0.892
12,753,256,555
322.6
4.51
2007
 
12,002,204,000
0.914
13,126,057,000
332.1
2.92
2008
 
12,438,527,000
0.942
13,207,185,177
334.1
0.62
2009
 
12,051,307,000
0.941
12,807,731,630
324.0
-3.02
2010
 
12,541,995,000
0.957
13,104,848,232
331.5
2.32
2011
 
13,315,478,000
0.981
13,569,084,183
343.3
3.54
2012
 
13,998,383,000
1.000
13,998,383,000
354.1
3.16
2013
 
14,175,503,000
1.013
13,987,234,819
353.9
-0.08
2014
 
14,983,140,000
1.029
14,565,404,207
368.5
4.13
2015
 
15,711,634,000
1.031
15,235,376,142
385.4
4.60
2016
 
16,115,630,000
1.042
15,460,862,474
391.1
1.48
2017
 
16,820,250,000
1.061
15,857,239,825
401.2
2.56
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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