Fayetteville-Springdale-Rogers MSA vs. Missouri
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2017
Introduction
Fayetteville-Springdale-Rogers MSA:
2017 TPI = $31,938,654K
2017 Percent of State = 0.2%
Missouri:
2017 TPI = $274,975,821K
2017 Percent of State = 1.6%
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 the Fayetteville-Springdale-Rogers MSA 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 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.
Fayetteville-Springdale-Rogers MSA Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Fayetteville-Springdale-Rogers MSA Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Fayetteville-Springdale-Rogers MSA'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 the Fayetteville-Springdale-Rogers MSA over time.
When measured in current dollars, the Fayetteville-Springdale-Rogers MSA's total personal income increased 8,171.3%, from $386M in 1969 to $31,939M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 1,460.7%, from $1,929M in 1969 to $30,110M in 2017.
Real Total Personal Income, 1969-2017 (Millions)
Real Total Personal Income, 1969-2017 (Millions)
Figure 2.
Figure 2 traces the Fayetteville-Springdale-Rogers MSA's and Missouri'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, the Fayetteville-Springdale-Rogers MSA's real total personal income rose from $1,929M in 1969 to $30,110M in 2017, for a net gain of $28,181M, or 1,460.7%. In comparison, Missouri's real total personal income increased from $84,358M in 1969 to $259,233M in 2017, for a net gain of $174,875M, or 207.3%.
Real Total Personal Income Indices (1969=100): 1969-2017
Real Total Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays the Fayetteville-Springdale-Rogers MSA'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.
The Fayetteville-Springdale-Rogers MSA's overall real total personal income growth was 1,460.7% over 1969-2017 outpaced Missouri's increase of 207.3%, and topped the United States' increase of 301.2%.
Total Personal Income as a Percent of the Missouri Total: 1969-2017
Total Personal Income as a Percent of the Missouri Total: 1969-2017
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of the Fayetteville-Springdale-Rogers MSA 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, the Fayetteville-Springdale-Rogers MSA's total personal income totaled 2.3% of Missouri's total personal income, while in 2017 it totaled 11.6% thereby yielding a +9.3% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+9.33%
=
11.62%
-
2.29%
 
   
Fayetteville-Springdale-Rogers MSA Real Total Personal Income:
Annual Percent Change, 1970-2017
Fayetteville-Springdale-Rogers MSA Real Total Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of the Fayetteville-Springdale-Rogers MSA'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, the Fayetteville-Springdale-Rogers MSA's real total personal income grew at an annual rate of 5.97% over 1970-2017. The Fayetteville-Springdale-Rogers MSA posted its highest growth in 2012 (14.52%) and recorded its lowest growth in 2009 (-5.33%). In 2017, the Fayetteville-Springdale-Rogers MSA's real total personal income grew by 3.53%
Fayetteville-Springdale-Rogers MSA Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Fayetteville-Springdale-Rogers MSA Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four decades some msas have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces the annual percent change in the Fayetteville-Springdale-Rogers MSA'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, the Fayetteville-Springdale-Rogers MSA's annual real total personal income growth rate averaged 6.80%. It averaged 4.99% throughout the 1980s, 6.30% during the 1990s, 5.02% during the 2000s, and 6.93% 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 the Fayetteville-Springdale-Rogers MSA noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, the Fayetteville-Springdale-Rogers MSA's average annual real total personal income growth surpassed Missouri's average throughout the 1970s (6.80% vs. 3.09%), led Missouri's average throughout the 1980s (4.99% vs. 2.43%), exceeded Missouri's average throughout the 1990s (6.30% vs. 2.89%), recorded above Missouri's average throughout the 2000s (5.02% vs. 1.78%), and outpaced Missouri's average over the 8 year period of the last decade, 2010-2017 (6.93% vs. 1.57%).
Finally, relative to nationwide real total personal income growth trends, the Fayetteville-Springdale-Rogers MSA outgained the nation throughout the 1970s (6.80% vs. 3.48%), outperformed the nation during the 1980s (4.99% vs. 3.18%), outperformed the nation during the 1990s (6.30% vs. 3.28%), led the nation throughout the 2000s (5.02% vs. 2.07%), and registered above the nation over 2010-2017 (6.93% vs. 2.72%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
5.97
6.80
4.99
6.30
5.02
6.93
3.53
 
2.38
3.09
2.43
2.89
1.78
1.57
1.78
 
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.

   
 
Fayetteville-Springdale-Rogers MSA:
Total Personal Income, 1969-2017
 
1969
 
386,136
0.200
1,929,233
100.0
N
0.06
1970
 
413,500
0.210
1,973,653
102.3
2.30
0.06
1971
 
469,256
0.218
2,148,510
111.4
8.86
0.06
1972
 
555,070
0.226
2,457,584
127.4
14.39
0.06
1973
 
664,697
0.238
2,792,610
144.8
13.63
0.07
1974
 
705,444
0.263
2,684,338
139.1
-3.88
0.07
1975
 
838,319
0.285
2,944,570
152.6
9.69
0.07
1976
 
944,512
0.300
3,145,019
163.0
6.81
0.07
1977
 
1,058,817
0.320
3,310,251
171.6
5.25
0.08
1978
 
1,228,468
0.342
3,590,857
186.1
8.48
0.08
1979
 
1,371,131
0.373
3,680,790
190.8
2.50
0.08
1980
 
1,542,312
0.413
3,737,851
193.7
1.55
0.08
1981
 
1,763,261
0.450
3,922,018
203.3
4.93
0.08
1982
 
1,882,490
0.475
3,966,811
205.6
1.14
0.08
1983
 
2,076,706
0.495
4,197,570
217.6
5.82
0.08
1984
 
2,378,801
0.513
4,633,155
240.2
10.38
0.08
1985
 
2,605,017
0.531
4,902,731
254.1
5.82
0.09
1986
 
2,879,110
0.543
5,303,205
274.9
8.17
0.09
1987
 
3,020,650
0.560
5,397,488
279.8
1.78
0.09
1988
 
3,287,108
0.582
5,652,711
293.0
4.73
0.09
1989
 
3,621,740
0.607
5,967,606
309.3
5.57
0.09
1990
 
3,861,749
0.634
6,095,413
316.0
2.14
0.09
1991
 
4,164,932
0.655
6,361,297
329.7
4.36
0.09
1992
 
4,671,355
0.672
6,949,560
360.2
9.25
0.10
1993
 
5,072,256
0.689
7,362,620
381.6
5.94
0.10
1994
 
5,566,402
0.703
7,914,691
410.3
7.50
0.11
1995
 
6,105,793
0.718
8,502,587
440.7
7.43
0.11
1996
 
6,607,923
0.733
9,009,248
467.0
5.96
0.11
1997
 
7,111,599
0.746
9,530,036
494.0
5.78
0.11
1998
 
7,794,680
0.752
10,363,061
537.2
8.74
0.12
1999
 
8,375,701
0.763
10,971,863
568.7
5.87
0.12
2000
 
9,082,385
0.782
11,609,107
601.7
5.81
0.12
2001
 
9,778,662
0.797
12,263,490
635.7
5.64
0.12
2002
 
10,332,713
0.808
12,789,752
662.9
4.29
0.13
2003
 
11,070,835
0.824
13,442,331
696.8
5.10
0.13
2004
 
12,458,590
0.844
14,759,439
765.0
9.80
0.14
2005
 
13,797,667
0.868
15,893,732
823.8
7.69
0.15
2006
 
15,289,564
0.892
17,145,764
888.7
7.88
0.15
2007
 
16,638,527
0.914
18,196,512
943.2
6.13
0.16
2008
 
17,690,004
0.942
18,783,185
973.6
3.22
0.16
2009
 
16,732,318
0.941
17,782,556
921.7
-5.33
0.16
2010
 
17,545,153
0.957
18,332,535
950.2
3.09
0.16
2011
 
19,979,114
0.981
20,359,636
1,055.3
11.06
0.17
2012
 
23,315,791
1.000
23,315,791
1,208.6
14.52
0.19
2013
 
23,250,978
1.013
22,942,176
1,189.2
-1.60
0.19
2014
 
26,654,376
1.029
25,911,242
1,343.1
12.94
0.20
2015
 
28,853,065
1.031
27,978,458
1,450.2
7.98
0.21
2016
 
30,315,265
1.042
29,083,576
1,507.5
3.95
0.21
2017
 
31,938,654
1.061
30,110,069
1,560.7
3.53
0.21
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 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.

   
 
Missouri:
Total Personal Income, 1969-2017
 
1969
 
16,884,221
0.200
84,357,837
100.0
N
2.13
1970
 
18,437,396
0.210
88,002,463
104.3
4.32
2.16
1971
 
19,898,453
0.218
91,105,961
108.0
3.53
2.15
1972
 
21,643,396
0.226
95,826,601
113.6
5.18
2.13
1973
 
24,037,988
0.238
100,991,463
119.7
5.39
2.12
1974
 
25,725,396
0.263
97,889,635
116.0
-3.07
2.07
1975
 
28,177,729
0.285
98,973,407
117.3
1.11
2.07
1976
 
30,858,137
0.300
102,750,856
121.8
3.82
2.07
1977
 
34,195,610
0.320
106,908,054
126.7
4.05
2.08
1978
 
38,083,133
0.342
111,318,386
132.0
4.13
2.06
1979
 
42,467,120
0.373
114,002,631
135.1
2.41
2.05
1980
 
46,090,765
0.413
111,702,693
132.4
-2.02
2.00
1981
 
51,466,552
0.450
114,476,961
135.7
2.48
1.99
1982
 
54,991,252
0.475
115,878,397
137.4
1.22
1.99
1983
 
58,675,314
0.495
118,598,282
140.6
2.35
1.98
1984
 
65,050,681
0.513
126,698,247
150.2
6.83
1.99
1985
 
69,635,804
0.531
131,056,958
155.4
3.44
1.99
1986
 
73,376,484
0.543
135,156,537
160.2
3.13
1.98
1987
 
77,319,358
0.560
138,159,099
163.8
2.22
1.96
1988
 
82,003,345
0.582
141,017,945
167.2
2.07
1.92
1989
 
87,798,850
0.607
144,667,738
171.5
2.59
1.91
1990
 
91,773,727
0.634
144,856,329
171.7
0.13
1.88
1991
 
95,972,532
0.655
146,583,373
173.8
1.19
1.90
1992
 
102,405,335
0.672
152,348,084
180.6
3.93
1.90
1993
 
107,142,686
0.689
155,522,682
184.4
2.08
1.90
1994
 
113,502,853
0.703
161,386,113
191.3
3.77
1.91
1995
 
119,307,169
0.718
166,140,520
196.9
2.95
1.90
1996
 
126,395,827
0.733
172,328,180
204.3
3.72
1.90
1997
 
134,265,735
0.746
179,925,405
213.3
4.41
1.90
1998
 
140,934,839
0.752
187,373,483
222.1
4.14
1.86
1999
 
146,737,008
0.763
192,220,137
227.9
2.59
1.84
2000
 
156,903,173
0.782
200,553,682
237.7
4.34
1.82
2001
 
162,071,530
0.797
203,255,073
240.9
1.35
1.80
2002
 
165,772,524
0.808
205,191,949
243.2
0.95
1.81
2003
 
171,789,865
0.824
208,589,166
247.3
1.66
1.81
2004
 
180,585,546
0.844
213,936,034
253.6
2.56
1.80
2005
 
186,877,759
0.868
215,267,197
255.2
0.62
1.76
2006
 
198,448,157
0.892
222,540,378
263.8
3.38
1.74
2007
 
208,184,505
0.914
227,678,323
269.9
2.31
1.73
2008
 
219,411,774
0.942
232,970,667
276.2
2.32
1.76
2009
 
215,540,550
0.941
229,069,388
271.5
-1.67
1.79
2010
 
220,546,596
0.957
230,444,173
273.2
0.60
1.76
2011
 
229,644,330
0.981
234,018,129
277.4
1.55
1.72
2012
 
240,972,818
1.000
240,972,818
285.7
2.97
1.72
2013
 
242,564,511
1.013
239,342,955
283.7
-0.68
1.71
2014
 
251,639,897
1.029
244,624,078
290.0
2.21
1.68
2015
 
260,144,612
1.031
252,258,996
299.0
3.12
1.66
2016
 
265,495,137
1.042
254,708,243
301.9
0.97
1.65
2017
 
274,975,821
1.061
259,232,624
307.3
1.78
1.63
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 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 Missouri Regional Economic Analysis Project (MO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PN
 
   
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