Warren County vs. Missouri | Total Personal Income Trends over 1969-2022

Introduction

Warren County:

2022 TPI = $1,917,843K

2022 Percent of State = 0.54%

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 Warren 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.

Warren County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Warren 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 Warren County over time.

When measured in current dollars, Warren County's total personal income increased 5,258.75%, from $36M in 1970 to $1,918M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 812.77%, from $181M in 1970 to $1,653M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Warren 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, Warren County's real total personal income rose from $176M in 1969 to $1,653M in 2022, for a net gain of $1,476M, or 836.50%. In comparison, Missouri's real total personal income increased from $89,565M in 1969 to $307,812M in 2022, for a net gain of $218,248M, or 243.68%.

Real Total Personal Income Indices (1969=100): 1969-2022

Figure 3.

Figure 3 portrays Warren 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.

Warren County's overall real total personal income growth was 836.50% over 1969-2022 outpaced Missouri's increase of 243.68%, and topped the United States' increase of 348.76%.

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 Warren County is to trace 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, Warren County's total personal income comprised 0.20% of Missouri's total personal income, while in 2022 it comprised 0.54% thereby yielding a +0.34% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Warren County	+0.34%	=	0.54%	-	0.20%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Warren County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 5.

Figure 5 highlights the short-run pattern of Warren 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, Warren County's real total personal income grew at an annual rate of 4.38% over 1970-2022. The county recorded its highest growth in 1973 (16.42%) and posted its lowest growth in 1974 (-4.10%). In 2022, Warren County's real total personal income declined by -1.19%

Warren 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 illustrates the annual percent change in Warren County's real total 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, Warren County's annual real total personal income growth rate averaged 6.96%. It averaged 4.15% during the 1980s, 4.21% during the 1990s, 4.16% throughout the 2000s, 2.75% during the 2010s, 3.29% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 7.

Figure 7 compares the decade average growth rates for Warren County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Warren County's average annual real total personal income growth surpassed Missouri's average during the 1970s (6.96% vs. 3.08%), outgained Missouri's average in the 1980s (4.15% vs. 2.44%), surpassed Missouri's average during the 1990s (4.21% vs. 2.84%), led Missouri's average during the 2000s (4.16% vs. 1.84%), topped Missouri's average in the 2010s (2.75% vs. 1.68%), and topped Missouri's average over the 3 year period of the current decade, 2020-2022 (3.29% vs. 2.41%).

Finally, relative to nationwide real total personal income growth trends, Warren County registered above the nation throughout the 1970s (6.96% vs. 3.50%), exceeded the nation throughout the 1980s (4.15% vs. 3.16%), exceeded the nation throughout the 1990s (4.21% vs. 3.27%), led the nation in the 2000s (4.16% vs. 2.06%), surpassed the nation over the 2010s (2.75% vs. 2.72%), and led the nation over 2020-2022 (3.29% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Warren	4.38	6.96	4.15	4.21	4.16	2.75	3.29	-1.19
Missouri	2.38	3.08	2.44	2.84	1.84	1.68	2.41	-3.02
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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

Warren County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	33,324	0.189	176,476	100.0	N	0.20
1970	35,789	0.198	181,063	102.6	2.60	0.19
1971	40,983	0.206	198,898	112.7	9.85	0.21
1972	48,407	0.213	227,178	128.7	14.22	0.22
1973	59,387	0.225	264,471	149.9	16.42	0.25
1974	62,884	0.248	253,636	143.7	-4.10	0.24
1975	71,118	0.269	264,773	150.0	4.39	0.25
1976	77,223	0.283	272,555	154.4	2.94	0.25
1977	86,777	0.302	287,570	163.0	5.51	0.25
1978	103,304	0.323	320,064	181.4	11.30	0.27
1979	119,797	0.351	340,884	193.2	6.50	0.28
1980	130,998	0.389	336,514	190.7	-1.28	0.28
1981	149,758	0.424	353,078	200.1	4.92	0.29
1982	163,875	0.448	366,029	207.4	3.67	0.30
1983	176,323	0.467	377,759	214.1	3.20	0.30
1984	208,009	0.484	429,425	243.3	13.68	0.32
1985	228,779	0.501	456,390	258.6	6.28	0.33
1986	245,402	0.512	479,123	271.5	4.98	0.33
1987	255,160	0.528	483,239	273.8	0.86	0.33
1988	270,100	0.549	492,299	279.0	1.87	0.33
1989	291,297	0.573	508,718	288.3	3.34	0.33
1990	298,490	0.598	499,356	283.0	-1.84	0.32
1991	320,774	0.618	519,270	294.2	3.99	0.33
1992	341,538	0.634	538,534	305.2	3.71	0.33
1993	361,273	0.650	555,805	314.9	3.21	0.34
1994	396,245	0.664	597,150	338.4	7.44	0.35
1995	421,823	0.678	622,580	352.8	4.26	0.35
1996	455,895	0.692	658,779	373.3	5.81	0.36
1997	499,312	0.704	709,179	401.9	7.65	0.37
1998	509,700	0.710	718,221	407.0	1.27	0.36
1999	551,324	0.720	765,717	433.9	6.61	0.38
2000	591,807	0.738	801,668	454.3	4.69	0.38
2001	624,938	0.753	829,909	470.3	3.52	0.39
2002	646,009	0.763	846,770	479.8	2.03	0.39
2003	683,221	0.779	877,116	497.0	3.58	0.40
2004	756,480	0.798	947,649	537.0	8.04	0.42
2005	817,150	0.821	994,983	563.8	4.99	0.44
2006	899,333	0.844	1,065,056	603.5	7.04	0.45
2007	964,339	0.866	1,113,465	630.9	4.55	0.46
2008	1,047,724	0.892	1,174,974	665.8	5.52	0.48
2009	1,019,992	0.889	1,147,077	650.0	-2.37	0.47
2010	1,037,290	0.905	1,146,000	649.4	-0.09	0.47
2011	1,080,884	0.928	1,164,695	660.0	1.63	0.47
2012	1,112,830	0.945	1,177,174	667.0	1.07	0.46
2013	1,144,795	0.958	1,195,221	677.3	1.53	0.47
2014	1,172,369	0.971	1,207,122	684.0	1.00	0.47
2015	1,240,534	0.973	1,274,971	722.5	5.62	0.48
2016	1,304,259	0.983	1,327,031	752.0	4.08	0.49
2017	1,360,680	1.000	1,360,680	771.0	2.54	0.50
2018	1,441,077	1.020	1,412,170	800.2	3.78	0.50
2019	1,554,504	1.035	1,501,748	851.0	6.34	0.52
2020	1,667,616	1.046	1,593,746	903.1	6.13	0.52
2021	1,823,157	1.090	1,672,606	947.8	4.95	0.53
2022	1,917,843	1.160	1,652,700	936.5	-1.19	0.54

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 Table Tip: 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


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 Table 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, 1969-2022


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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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

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