Buchanan County vs. Missouri
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Buchanan County vs. Missouri
Buchanan County:
2022 TPI = $3,931,201K
2022 Percent of State = 1.10%
Missouri:
2022 TPI = $357,194,742K
2022 Percent of U.S. = 1.64%
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 Buchanan County and Missouri 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.
Buchanan County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Buchanan County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Buchanan 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 Buchanan County over time.
When measured in current dollars, Buchanan County's total personal income increased 1,146.30%, from $315M in 1970 to $3,931M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 112.29%, from $1,596M in 1970 to $3,388M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Buchanan County's and Missouri'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, Buchanan County's real total personal income rose from $1,561M in 1969 to $3,388M in 2022, for a net gain of $1,826M, or 116.98%. In comparison, Missouri's real total personal income increased from $89,565M in 1969 to $307,812M in 2022, for a net advance of $218,248M, or 243.68%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Buchanan County's real total personal income growth in a broader context by offering direct comparisons across time with Missouri, 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.
Buchanan County's overall real total personal income growth was 116.98% over 1969-2022 trailed Missouri's increase of 243.68%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Missouri Total: 1969-2022
Total Personal Income as a Percent of the Missouri Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Buchanan County is to compare its individual percentage contributions to Missouri'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 Missouri's total personal income, while a declining share shows it grew more slowly.
In 1969, Buchanan County's total personal income totaled 1.74% of Missouri's total personal income, while in 2022 it equated to 1.10% thereby yielding a -0.64% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.64%
=
1.10%
-
1.74%
 
   
Buchanan County Real Total Personal Income:
Annual Percent Change, 1970-2022
Buchanan County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Buchanan 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, Buchanan County's real total personal income grew at an annual rate of 1.49% over 1970-2022. The county recorded its highest growth in 2020 (5.46%) and posted its lowest growth in 2022 (-5.30%). In 2022, Buchanan County's real total personal income declined by -5.30%
Buchanan County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Buchanan 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 depicts the annual percent change in Buchanan 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, Buchanan County's annual real total personal income growth rate averaged 2.35%. It averaged 1.54% in the 1980s, 1.82% in the 1990s, 1.50% during the 2000s, 0.53% throughout the 2010s, 0.56% 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 7.
Figure 7 compares the decade average growth rates for Buchanan County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Buchanan County's average annual real total personal income growth recorded under Missouri's average in the 1970s (2.35% vs. 3.08%), fell below Missouri's average in the 1980s (1.54% vs. 2.44%), trailed Missouri's average throughout the 1990s (1.82% vs. 2.84%), trailed Missouri's average during the 2000s (1.50% vs. 1.84%), trailed Missouri's average in the 2010s (0.53% vs. 1.68%), and fell below Missouri's average over the 3 year period of the current decade, 2020-2022 (0.56% vs. 2.41%).
Finally, relative to nationwide real total personal income growth trends, Buchanan County fell under the nation during the 1970s (2.35% vs. 3.50%), trailed the nation in the 1980s (1.54% vs. 3.16%), trailed the nation during the 1990s (1.82% vs. 3.27%), trailed the nation during the 2000s (1.50% vs. 2.06%), trailed the nation throughout the 2010s (0.53% vs. 2.72%), and trailed the nation over 2020-2022 (0.56% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.49
2.35
1.54
1.82
1.50
0.53
0.56
-5.30
 
2.38
3.08
2.44
2.84
1.84
1.68
2.41
-3.02
 
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.

   
 
Buchanan County:
Total Personal Income, 1969-2022
 
1969
 
294,815
0.189
1,561,272
100.0
N
1.74
1970
 
315,431
0.198
1,595,826
102.2
2.21
1.71
1971
 
342,241
0.206
1,660,961
106.4
4.08
1.72
1972
 
368,846
0.213
1,731,021
110.9
4.22
1.70
1973
 
402,145
0.225
1,790,893
114.7
3.46
1.67
1974
 
430,373
0.248
1,735,865
111.2
-3.07
1.67
1975
 
471,219
0.269
1,754,352
112.4
1.07
1.67
1976
 
517,668
0.283
1,827,085
117.0
4.15
1.67
1977
 
566,829
0.302
1,878,410
120.3
2.81
1.65
1978
 
619,981
0.323
1,920,873
123.0
2.26
1.63
1979
 
690,903
0.351
1,965,976
125.9
2.35
1.63
1980
 
768,945
0.389
1,975,301
126.5
0.47
1.67
1981
 
855,119
0.424
2,016,077
129.1
2.06
1.66
1982
 
924,761
0.448
2,065,536
132.3
2.45
1.68
1983
 
959,797
0.467
2,056,297
131.7
-0.45
1.63
1984
 
1,035,491
0.484
2,137,722
136.9
3.96
1.59
1985
 
1,083,709
0.501
2,161,884
138.5
1.13
1.55
1986
 
1,119,407
0.512
2,185,531
140.0
1.09
1.53
1987
 
1,146,699
0.528
2,171,696
139.1
-0.63
1.49
1988
 
1,211,372
0.549
2,207,914
141.4
1.67
1.48
1989
 
1,310,465
0.573
2,288,582
146.6
3.65
1.49
1990
 
1,333,032
0.598
2,230,083
142.8
-2.56
1.45
1991
 
1,399,201
0.618
2,265,032
145.1
1.57
1.46
1992
 
1,466,149
0.634
2,311,809
148.1
2.07
1.44
1993
 
1,516,505
0.650
2,333,085
149.4
0.92
1.42
1994
 
1,589,450
0.664
2,395,337
153.4
2.67
1.40
1995
 
1,632,347
0.678
2,409,226
154.3
0.58
1.37
1996
 
1,707,513
0.692
2,467,397
158.0
2.41
1.35
1997
 
1,798,222
0.704
2,554,039
163.6
3.51
1.34
1998
 
1,871,022
0.710
2,636,468
168.9
3.23
1.33
1999
 
1,970,587
0.720
2,736,888
175.3
3.81
1.35
2000
 
2,123,340
0.738
2,876,297
184.2
5.09
1.36
2001
 
2,155,707
0.753
2,862,749
183.4
-0.47
1.33
2002
 
2,231,702
0.763
2,925,249
187.4
2.18
1.35
2003
 
2,288,962
0.779
2,938,560
188.2
0.46
1.33
2004
 
2,397,919
0.798
3,003,895
192.4
2.22
1.33
2005
 
2,461,422
0.821
2,997,092
192.0
-0.23
1.32
2006
 
2,578,463
0.844
3,053,604
195.6
1.89
1.30
2007
 
2,672,154
0.866
3,085,379
197.6
1.04
1.29
2008
 
2,844,310
0.892
3,189,761
204.3
3.38
1.29
2009
 
2,820,261
0.889
3,171,648
203.1
-0.57
1.30
2010
 
2,818,692
0.905
3,114,095
199.5
-1.81
1.27
2011
 
2,995,437
0.928
3,227,702
206.7
3.65
1.30
2012
 
3,119,875
0.945
3,300,268
211.4
2.25
1.29
2013
 
3,158,607
0.958
3,297,739
211.2
-0.08
1.30
2014
 
3,204,653
0.971
3,299,650
211.3
0.06
1.28
2015
 
3,242,797
0.973
3,332,816
213.5
1.01
1.25
2016
 
3,260,006
0.983
3,316,924
212.5
-0.48
1.22
2017
 
3,332,525
1.000
3,332,525
213.4
0.47
1.22
2018
 
3,352,983
1.020
3,285,724
210.5
-1.40
1.17
2019
 
3,458,715
1.035
3,341,334
214.0
1.69
1.16
2020
 
3,687,194
1.046
3,523,863
225.7
5.46
1.15
2021
 
3,899,375
1.090
3,577,375
229.1
1.52
1.13
2022
 
3,931,201
1.160
3,387,711
217.0
-5.30
1.10
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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.

   
 
Missouri:
Total Personal Income, 1969-2022
 
1969
 
16,912,485
0.189
89,564,608
100.0
N
2.14
1970
 
18,479,482
0.198
93,491,258
104.4
4.38
2.16
1971
 
19,938,913
0.206
96,767,353
108.0
3.50
2.16
1972
 
21,682,224
0.213
101,756,261
113.6
5.16
2.13
1973
 
24,089,650
0.225
107,279,670
119.8
5.43
2.13
1974
 
25,774,725
0.248
103,959,686
116.1
-3.09
2.07
1975
 
28,212,715
0.269
105,036,169
117.3
1.04
2.07
1976
 
30,912,024
0.283
109,102,545
121.8
3.87
2.07
1977
 
34,252,401
0.302
113,508,752
126.7
4.04
2.07
1978
 
38,129,735
0.323
118,136,495
131.9
4.08
2.05
1979
 
42,514,262
0.351
120,975,051
135.1
2.40
2.05
1980
 
46,138,539
0.389
118,522,757
132.3
-2.03
1.99
1981
 
51,479,765
0.424
121,371,602
135.5
2.40
1.99
1982
 
55,043,829
0.448
122,945,275
137.3
1.30
1.98
1983
 
58,776,893
0.467
125,925,300
140.6
2.42
1.98
1984
 
65,104,981
0.484
134,406,121
150.1
6.73
1.99
1985
 
69,704,040
0.501
139,052,107
155.3
3.46
1.99
1986
 
73,379,132
0.512
143,265,452
160.0
3.03
1.97
1987
 
77,025,452
0.528
145,876,012
162.9
1.82
1.96
1988
 
82,057,137
0.549
149,561,901
167.0
2.53
1.92
1989
 
87,941,735
0.573
153,580,509
171.5
2.69
1.91
1990
 
91,896,544
0.598
153,737,422
171.6
0.10
1.88
1991
 
96,075,025
0.618
155,526,637
173.6
1.16
1.89
1992
 
102,078,066
0.634
160,955,639
179.7
3.49
1.89
1993
 
106,723,405
0.650
164,189,854
183.3
2.01
1.89
1994
 
113,256,616
0.664
170,680,294
190.6
3.95
1.91
1995
 
119,399,811
0.678
176,225,479
196.8
3.25
1.90
1996
 
126,394,157
0.692
182,642,598
203.9
3.64
1.90
1997
 
134,117,797
0.704
190,489,294
212.7
4.30
1.90
1998
 
140,839,690
0.710
198,458,002
221.6
4.18
1.86
1999
 
146,172,453
0.720
203,014,476
226.7
2.30
1.83
2000
 
156,202,129
0.738
211,592,925
236.2
4.23
1.81
2001
 
161,531,191
0.753
214,511,156
239.5
1.38
1.80
2002
 
165,389,801
0.763
216,788,089
242.0
1.06
1.81
2003
 
171,593,178
0.779
220,290,623
246.0
1.62
1.81
2004
 
180,453,767
0.798
226,056,055
252.4
2.62
1.80
2005
 
186,770,922
0.821
227,417,198
253.9
0.60
1.77
2006
 
197,834,125
0.844
234,289,584
261.6
3.02
1.75
2007
 
207,411,340
0.866
239,485,654
267.4
2.22
1.74
2008
 
219,921,999
0.892
246,632,274
275.4
2.98
1.77
2009
 
216,424,450
0.889
243,389,582
271.7
-1.31
1.79
2010
 
221,760,207
0.905
245,001,002
273.5
0.66
1.77
2011
 
230,858,278
0.928
248,758,974
277.7
1.53
1.74
2012
 
240,967,754
0.945
254,900,622
284.6
2.47
1.73
2013
 
242,493,009
0.958
253,174,439
282.7
-0.68
1.72
2014
 
250,783,748
0.971
258,217,840
288.3
1.99
1.70
2015
 
259,349,984
0.973
266,549,486
297.6
3.23
1.68
2016
 
267,048,570
0.983
271,711,133
303.4
1.94
1.68
2017
 
273,774,195
1.000
273,774,195
305.7
0.76
1.64
2018
 
286,084,305
1.020
280,345,630
313.0
2.40
1.63
2019
 
297,349,071
1.035
287,257,708
320.7
2.47
1.62
2020
 
320,592,856
1.046
306,391,605
342.1
6.66
1.63
2021
 
345,961,209
1.090
317,392,693
354.4
3.59
1.62
2022
 
357,194,742
1.160
307,812,399
343.7
-3.02
1.64
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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 Missouri Regional Economic Analysis Project (MO-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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