Swisher County vs. Texas
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Swisher County vs. Texas
Swisher County:
2022 TPI = $491,170K
2022 Percent of State = 0.03%
Texas:
2022 TPI = $1,879,419,645K
2022 Percent of U.S. = 8.61%
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 Swisher County and Texas 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.
Swisher County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Swisher County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Swisher 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 Swisher County over time.
When measured in current dollars, Swisher County's total personal income increased 866.64%, from $51M in 1970 to $491M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 64.65%, from $257M in 1970 to $423M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Swisher County's and Texas' annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Swisher County's real total personal income rose from $225M in 1969 to $423M in 2022, for a net gain of $198M, or 88.16%. In comparison, Texas' real total personal income advanced from $204,284M in 1969 to $1,619,589M in 2022, for a net gain of $1,415,305M, or 692.81%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Swisher County's real total personal income growth in a broader context by offering direct comparisons across time with Texas, 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.
Swisher County's overall real total personal income growth was 88.16% over 1969-2022 trailed Texas' increase of 692.81%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Texas Total: 1969-2022
Total Personal Income as a Percent of the Texas Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Swisher County is to trace its individual percentage contributions to Texas' 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 Texas' total personal income, while a declining share shows it grew more slowly.
In 1969, Swisher County's total personal income comprised 0.11% of Texas' total personal income, while in 2022 it totaled 0.03% thereby yielding a -0.08% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.08%
=
0.03%
-
0.11%
 
   
Swisher County Real Total Personal Income:
Annual Percent Change, 1970-2022
Swisher County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Swisher 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, Swisher County's real total personal income grew at an annual rate of 2.30% over 1970-2022. The county posted its highest growth in 1973 (38.12%) and posted its lowest growth in 1974 (-36.42%). In 2022, Swisher County's real total personal income declined by -8.65%
Swisher County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Swisher 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 traces the annual percent change in Swisher 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, Swisher County's annual real total personal income growth rate averaged 3.92%. It averaged 1.71% in the 1980s, 1.52% during the 1990s, -0.48% in the 2000s, 4.50% during the 2010s, 3.40% 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 Swisher County noted in the previous graph with the corresponding decade averages for Texas and the nation. As the chart reveals, Swisher County's average annual real total personal income growth lagged Texas' average in the 1970s (3.92% vs. 5.69%), fell below Texas' average in the 1980s (1.71% vs. 3.13%), trailed Texas' average in the 1990s (1.52% vs. 4.63%), posted below Texas' average in the 2000s (-0.48% vs. 3.29%), outgained Texas' average in the 2010s (4.50% vs. 3.66%), and recorded above Texas' average over the 3 year period of the current decade, 2020-2022 (3.40% vs. 3.00%).
Finally, relative to nationwide real total personal income growth trends, Swisher County led the nation over the 1970s (3.92% vs. 3.50%), fell under the nation over the 1980s (1.71% vs. 3.16%), posted below the nation during the 1990s (1.52% vs. 3.27%), recorded underneath the nation throughout the 2000s (-0.48% vs. 2.06%), recorded above the nation throughout the 2010s (4.50% vs. 2.72%), and led the nation over 2020-2022 (3.40% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.30
3.92
1.71
1.52
-0.48
4.50
3.40
-8.65
 
4.02
5.69
3.13
4.63
3.29
3.66
3.00
-1.36
 
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.

   
 
Swisher County:
Total Personal Income, 1969-2022
 
1969
 
42,478
0.189
224,954
100.0
N
0.11
1970
 
50,812
0.198
257,068
114.3
14.28
0.12
1971
 
45,896
0.206
222,742
99.0
-13.35
0.10
1972
 
48,806
0.213
229,050
101.8
2.83
0.10
1973
 
71,038
0.225
316,357
140.6
38.12
0.12
1974
 
49,869
0.248
201,141
89.4
-36.42
0.08
1975
 
64,796
0.269
241,236
107.2
19.93
0.09
1976
 
55,844
0.283
197,099
87.6
-18.30
0.07
1977
 
64,136
0.302
212,540
94.5
7.83
0.07
1978
 
62,991
0.323
195,164
86.8
-8.18
0.06
1979
 
90,863
0.351
258,552
114.9
32.48
0.07
1980
 
69,400
0.389
178,278
79.3
-31.05
0.05
1981
 
97,239
0.424
229,256
101.9
28.59
0.06
1982
 
86,295
0.448
192,748
85.7
-15.92
0.05
1983
 
106,529
0.467
228,231
101.5
18.41
0.05
1984
 
105,907
0.484
218,640
97.2
-4.20
0.05
1985
 
118,309
0.501
236,014
104.9
7.95
0.05
1986
 
118,976
0.512
232,289
103.3
-1.58
0.05
1987
 
146,101
0.528
276,696
123.0
19.12
0.06
1988
 
152,871
0.549
278,631
123.9
0.70
0.06
1989
 
151,713
0.573
264,950
117.8
-4.91
0.06
1990
 
184,124
0.598
308,028
136.9
16.26
0.06
1991
 
187,147
0.618
302,954
134.7
-1.65
0.06
1992
 
166,498
0.634
262,532
116.7
-13.34
0.05
1993
 
200,493
0.650
308,451
137.1
17.49
0.06
1994
 
185,420
0.664
279,432
124.2
-9.41
0.05
1995
 
178,258
0.678
263,096
117.0
-5.85
0.04
1996
 
186,458
0.692
269,436
119.8
2.41
0.04
1997
 
193,884
0.704
275,376
122.4
2.20
0.04
1998
 
208,044
0.710
293,156
130.3
6.46
0.04
1999
 
212,318
0.720
294,882
131.1
0.59
0.04
2000
 
197,695
0.738
267,800
119.0
-9.18
0.03
2001
 
208,689
0.753
277,136
123.2
3.49
0.03
2002
 
207,518
0.763
272,008
120.9
-1.85
0.03
2003
 
223,026
0.779
286,320
127.3
5.26
0.03
2004
 
227,891
0.798
285,481
126.9
-0.29
0.03
2005
 
265,706
0.821
323,531
143.8
13.33
0.04
2006
 
221,177
0.844
261,934
116.4
-19.04
0.03
2007
 
231,054
0.866
266,784
118.6
1.85
0.03
2008
 
235,535
0.892
264,142
117.4
-0.99
0.02
2009
 
241,152
0.889
271,198
120.6
2.67
0.03
2010
 
283,448
0.905
313,154
139.2
15.47
0.03
2011
 
314,809
0.928
339,219
150.8
8.32
0.03
2012
 
268,964
0.945
284,516
126.5
-16.13
0.02
2013
 
284,757
0.958
297,300
132.2
4.49
0.02
2014
 
347,990
0.971
358,306
159.3
20.52
0.03
2015
 
423,276
0.973
435,026
193.4
21.41
0.03
2016
 
352,812
0.983
358,972
159.6
-17.48
0.03
2017
 
395,451
1.000
395,451
175.8
10.16
0.03
2018
 
387,843
1.020
380,063
169.0
-3.89
0.03
2019
 
401,947
1.035
388,306
172.6
2.17
0.03
2020
 
418,324
1.046
399,794
177.7
2.96
0.03
2021
 
505,069
1.090
463,362
206.0
15.90
0.03
2022
 
491,170
1.160
423,266
188.2
-8.65
0.03
Source: Calculations by the Texas Regional Economic Analysis Project (TX-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.

   
 
Texas:
Total Personal Income, 1969-2022
 
1969
 
38,574,952
0.189
204,284,023
100.0
N
4.88
1970
 
42,497,001
0.198
215,000,511
105.2
5.25
4.97
1971
 
46,116,225
0.206
223,810,847
109.6
4.10
4.99
1972
 
51,173,430
0.213
240,160,644
117.6
7.31
5.03
1973
 
58,113,014
0.225
258,797,658
126.7
7.76
5.13
1974
 
65,532,274
0.248
264,317,646
129.4
2.13
5.26
1975
 
74,746,690
0.269
278,282,539
136.2
5.28
5.49
1976
 
84,227,582
0.283
297,277,316
145.5
6.83
5.63
1977
 
93,978,608
0.302
311,434,942
152.5
4.76
5.69
1978
 
108,293,275
0.323
335,522,602
164.2
7.73
5.84
1979
 
124,674,852
0.351
354,764,397
173.7
5.73
6.01
1980
 
143,179,438
0.389
367,805,790
180.0
3.68
6.19
1981
 
168,206,050
0.424
396,572,085
194.1
7.82
6.49
1982
 
185,427,375
0.448
414,168,491
202.7
4.44
6.68
1983
 
198,102,234
0.467
424,419,903
207.8
2.48
6.67
1984
 
216,621,133
0.484
447,203,974
218.9
5.37
6.61
1985
 
233,449,005
0.501
465,705,803
228.0
4.14
6.65
1986
 
238,841,027
0.512
466,313,335
228.3
0.13
6.42
1987
 
242,766,096
0.528
459,766,857
225.1
-1.40
6.17
1988
 
258,008,140
0.549
470,259,984
230.2
2.28
6.05
1989
 
275,613,291
0.573
481,328,113
235.6
2.35
5.98
1990
 
297,664,403
0.598
497,974,744
243.8
3.46
6.08
1991
 
311,648,483
0.618
504,497,819
247.0
1.31
6.14
1992
 
336,384,637
0.634
530,407,816
259.6
5.14
6.22
1993
 
356,047,525
0.650
547,765,423
268.1
3.27
6.31
1994
 
376,212,519
0.664
566,960,816
277.5
3.50
6.34
1995
 
402,352,739
0.678
593,843,521
290.7
4.74
6.41
1996
 
432,484,526
0.692
624,950,546
305.9
5.24
6.49
1997
 
472,267,790
0.704
670,768,233
328.4
7.33
6.68
1998
 
514,882,580
0.710
725,523,948
355.2
8.16
6.79
1999
 
543,797,610
0.720
755,263,969
369.7
4.10
6.82
2000
 
591,738,336
0.738
801,574,512
392.4
6.13
6.86
2001
 
631,080,209
0.753
838,065,668
410.2
4.55
7.02
2002
 
639,443,134
0.763
838,163,262
410.3
0.01
6.99
2003
 
664,814,928
0.779
853,486,697
417.8
1.83
7.02
2004
 
696,381,313
0.798
872,363,127
427.0
2.21
6.96
2005
 
754,775,858
0.821
919,034,980
449.9
5.35
7.16
2006
 
827,439,656
0.844
979,914,325
479.7
6.62
7.33
2007
 
878,902,412
0.866
1,014,816,830
496.8
3.56
7.37
2008
 
968,499,295
0.892
1,086,126,831
531.7
7.03
7.80
2009
 
923,470,728
0.889
1,038,529,400
508.4
-4.38
7.66
2010
 
982,052,761
0.905
1,084,973,331
531.1
4.47
7.83
2011
 
1,074,857,967
0.928
1,158,202,197
567.0
6.75
8.08
2012
 
1,142,887,491
0.945
1,208,969,779
591.8
4.38
8.22
2013
 
1,173,747,415
0.958
1,225,449,113
599.9
1.36
8.35
2014
 
1,257,639,593
0.971
1,294,920,350
633.9
5.67
8.51
2015
 
1,281,170,135
0.973
1,316,735,151
644.6
1.68
8.28
2016
 
1,276,330,590
0.983
1,298,614,820
635.7
-1.38
8.03
2017
 
1,367,826,004
1.000
1,367,826,004
669.6
5.33
8.21
2018
 
1,463,789,844
1.020
1,434,427,121
702.2
4.87
8.36
2019
 
1,536,596,995
1.035
1,484,448,325
726.7
3.49
8.38
2020
 
1,611,228,255
1.046
1,539,855,933
753.8
3.73
8.22
2021
 
1,789,719,416
1.090
1,641,929,355
803.7
6.63
8.37
2022
 
1,879,419,645
1.160
1,619,588,984
792.8
-1.36
8.61
Source: Calculations by the Texas Regional Economic Analysis Project (TX-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 Texas Regional Economic Analysis Project (TX-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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