Grady County vs. Georgia
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2020
Introduction
Grady County vs. Georgia
Grady County:
2020 PCI = $37,725
2020 Percent of State = 72.9%
Georgia:
2020 PCI = $51,780
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Grady County Per Capita Personal Income, 1970-2020
Current vs. Constant Dollars
Grady County Per Capita Personal Income, 1970-2020
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Grady County's annual per capita personal income over 1970-2020 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 Grady County over time.
When measured in current dollars, Grady County's per capita personal income increased 1,392.0%, from $2,528 in 1970 to $37,725 in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 180.5%, from $12,092 in 1970 to $33,918 in 2020.
Real Per Capita Personal Income, 1969-2020
Real Per Capita Personal Income, 1969-2020
Figure 2.
Figure 2 traces Grady County's and Georgia's annual real per capita personal income for the period 1969-2020 to illustrate real per capita personal income patterns over time. During this 52-year period, Grady County's real per capita personal income rose from $11,985 in 1969 to $33,918 in 2020, for a net gain of $21,933, or 183.0%. In comparison, Georgia's real per capita personal income advanced from $16,478 in 1969 to $46,554 in 2020, for a net gain of $30,077, or 182.5%.
Real Per Capita Personal Income Indices (1969=100): 1969-2020
Real Per Capita Personal Income Indices (1969=100): 1969-2020
Figure 3.
Figure 3 shows Grady County's real per capita personal income growth in a broader context by offering direct comparisons across time with Georgia, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Grady County's overall real per capita personal income growth was 183.0% over 1969-2020 outpaced Georgia's increase of 182.5%, and outpaced the United States' increase of 171.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2020
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2020
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Grady County and Georgia per capita personal income as a percent of the national average over 1969-2020.
In 1969, Grady County's per capita personal income amounted to 60.9% of the national average; in 2020, it approximated 63.4%. Similarly, in 1969, Georgia's per capita personal income totaled 83.7% of the national average; in 2020, it consisted of 87.0%.
Grady County Real Per Capita Personal Income:
Annual Percent Change, 1970-2020
Grady County Real Per Capita Personal Income:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 displays the short-run pattern of Grady County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-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, Grady County's real per capita personal income grew at an annual rate of 2.16% over 1970-2020. The county posted its highest growth in 1978 (14.46%) and posted its lowest growth in 1977 (-10.88%). In 2020, Grady County's real per capita personal income grew by 5.93%
Grady County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2020
Grady County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2020
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 shows the annual percent change in Grady County's real per capita personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2020.
During the 1970s, Grady County's annual real per capita personal income growth rate averaged 2.78%. It averaged 2.59% during the 1980s, 2.32% in the 1990s, 1.86% in the 2000s, and 0.88% thus far this decade (2010 to 2020).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Grady County noted in the previous graph with the corresponding decade averages for Georgia and the nation. As the chart reveals, Grady County's average annual real per capita personal income growth surpassed Georgia's average throughout the 1970s (2.78% vs. 2.55%), trailed Georgia's average during the 1980s (2.59% vs. 2.87%), recorded under Georgia's average throughout the 1990s (2.32% vs. 2.51%), outperformed Georgia's average in the 2000s (1.86% vs. 0.20%), and recorded under Georgia's average over the 11 year period of the last decade, 2010-2020 (0.88% vs. 2.00%).
Finally, relative to nationwide real per capita personal income growth trends, Grady County outpaced the nation in the 1970s (2.78% vs. 2.37%), led the nation throughout the 1980s (2.59% vs. 2.20%), recorded above the nation throughout the 1990s (2.32% vs. 2.04%), led the nation over the 2000s (1.86% vs. 1.08%), and lagged the nation over 2010-2020 (0.88% vs. 2.00%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.16
2.78
2.59
2.32
1.86
0.88
5.93
 
2.08
2.55
2.87
2.51
0.20
2.00
4.94
 
2.00
2.37
2.20
2.04
1.08
2.00
4.93
 
   

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

   
 
Grady County:
Per Capita Personal Income, 1969-2020
 
1969
 
2,394
0.200
11,985
100.0
N
72.73
60.91
1970
 
2,528
0.209
12,092
100.9
0.90
71.39
60.23
1971
 
2,799
0.218
12,843
107.2
6.21
73.22
62.62
1972
 
3,069
0.225
13,617
113.6
6.02
73.02
63.20
1973
 
3,595
0.238
15,134
126.3
11.15
77.21
67.04
1974
 
3,857
0.262
14,706
122.7
-2.83
76.86
66.10
1975
 
4,056
0.284
14,274
119.1
-2.94
75.75
64.14
1976
 
4,465
0.300
14,897
124.3
4.37
75.93
64.95
1977
 
4,238
0.319
13,276
110.8
-10.88
66.27
56.39
1978
 
5,189
0.341
15,196
126.8
14.46
72.52
62.09
1979
 
5,725
0.372
15,399
128.5
1.33
72.93
62.01
1980
 
5,735
0.412
13,926
116.2
-9.57
66.67
56.33
1981
 
6,511
0.449
14,511
121.1
4.20
67.82
57.62
1982
 
6,897
0.474
14,563
121.5
0.36
67.34
57.48
1983
 
7,582
0.494
15,355
128.1
5.44
68.53
59.71
1984
 
8,525
0.512
16,635
138.8
8.34
69.22
61.30
1985
 
9,236
0.530
17,416
145.3
4.69
69.99
62.60
1986
 
9,806
0.542
18,098
151.0
3.92
69.51
63.31
1987
 
10,410
0.559
18,637
155.5
2.98
69.92
63.91
1988
 
10,998
0.580
18,950
158.1
1.68
68.92
63.01
1989
 
11,921
0.606
19,680
164.2
3.86
70.36
63.83
1990
 
12,454
0.632
19,697
164.3
0.08
69.83
63.48
1991
 
13,276
0.653
20,317
169.5
3.15
72.46
66.28
1992
 
13,803
0.671
20,575
171.7
1.27
71.30
65.45
1993
 
14,163
0.688
20,598
171.9
0.11
70.51
65.17
1994
 
15,062
0.702
21,458
179.0
4.17
71.42
66.72
1995
 
15,556
0.717
21,704
181.1
1.15
69.96
65.89
1996
 
16,118
0.732
22,017
183.7
1.44
68.66
65.07
1997
 
16,835
0.745
22,603
188.6
2.66
68.98
64.77
1998
 
17,847
0.751
23,773
198.4
5.18
68.24
64.76
1999
 
18,828
0.762
24,720
206.3
3.98
69.08
65.62
2000
 
19,801
0.781
25,357
211.6
2.58
68.63
64.56
2001
 
20,890
0.797
26,225
218.8
3.42
70.19
66.07
2002
 
21,491
0.807
26,630
222.2
1.54
71.32
67.50
2003
 
20,736
0.824
25,166
210.0
-5.50
67.12
63.38
2004
 
22,490
0.844
26,634
222.2
5.83
70.21
65.61
2005
 
24,336
0.869
28,012
233.7
5.17
72.76
67.85
2006
 
24,506
0.893
27,435
228.9
-2.06
70.44
64.29
2007
 
24,923
0.916
27,204
227.0
-0.84
69.85
62.49
2008
 
26,394
0.943
27,982
233.5
2.86
74.48
64.34
2009
 
27,789
0.941
29,543
246.5
5.58
81.08
70.61
2010
 
27,903
0.957
29,142
243.2
-1.36
80.11
68.57
2011
 
29,822
0.982
30,378
253.5
4.24
80.93
69.70
2012
 
28,880
1.000
28,880
241.0
-4.93
77.00
64.73
2013
 
29,770
1.014
29,372
245.1
1.70
78.73
66.31
2014
 
29,339
1.029
28,516
237.9
-2.92
73.36
62.40
2015
 
31,412
1.031
30,463
254.2
6.83
74.84
64.25
2016
 
30,814
1.041
29,586
246.9
-2.88
71.54
61.86
2017
 
33,287
1.061
31,387
261.9
6.09
73.90
64.25
2018
 
34,108
1.083
31,488
262.7
0.32
72.75
63.05
2019
 
35,195
1.099
32,018
267.2
1.68
72.17
62.79
2020
 
37,725
1.112
33,918
283.0
5.93
72.86
63.39
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_700_PSN
 
   

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

   
 
Georgia:
Per Capita Personal Income, 1969-2020
 
1969
 
3,292
0.200
16,478
100.0
N
83.74
1970
 
3,542
0.209
16,937
102.8
2.79
84.37
1971
 
3,823
0.218
17,541
106.4
3.56
85.52
1972
 
4,203
0.225
18,647
113.2
6.31
86.55
1973
 
4,656
0.238
19,601
119.0
5.12
86.82
1974
 
5,019
0.262
19,134
116.1
-2.38
86.00
1975
 
5,354
0.284
18,843
114.4
-1.52
84.67
1976
 
5,881
0.300
19,620
119.1
4.13
85.54
1977
 
6,396
0.319
20,034
121.6
2.11
85.10
1978
 
7,154
0.341
20,953
127.2
4.58
85.62
1979
 
7,850
0.372
21,115
128.1
0.77
85.03
1980
 
8,602
0.412
20,888
126.8
-1.07
84.50
1981
 
9,600
0.449
21,396
129.8
2.43
84.96
1982
 
10,242
0.474
21,625
131.2
1.07
85.36
1983
 
11,064
0.494
22,407
136.0
3.62
87.14
1984
 
12,316
0.512
24,034
145.9
7.26
88.56
1985
 
13,196
0.530
24,884
151.0
3.54
89.44
1986
 
14,109
0.542
26,038
158.0
4.64
91.08
1987
 
14,888
0.559
26,655
161.8
2.37
91.40
1988
 
15,959
0.580
27,497
166.9
3.16
91.43
1989
 
16,942
0.606
27,971
169.7
1.72
90.72
1990
 
17,835
0.632
28,206
171.2
0.84
90.90
1991
 
18,322
0.653
28,039
170.2
-0.59
91.47
1992
 
19,360
0.671
28,858
175.1
2.92
91.80
1993
 
20,087
0.688
29,214
177.3
1.24
92.43
1994
 
21,090
0.702
30,045
182.3
2.84
93.42
1995
 
22,235
0.717
31,024
188.3
3.26
94.19
1996
 
23,475
0.732
32,068
194.6
3.36
94.77
1997
 
24,404
0.745
32,767
198.9
2.18
93.89
1998
 
26,152
0.751
34,837
211.4
6.32
94.90
1999
 
27,254
0.762
35,783
217.2
2.72
94.98
2000
 
28,851
0.781
36,946
224.2
3.25
94.06
2001
 
29,762
0.797
37,364
226.8
1.13
94.13
2002
 
30,133
0.807
37,339
226.6
-0.07
94.64
2003
 
30,896
0.824
37,496
227.6
0.42
94.44
2004
 
32,034
0.844
37,936
230.2
1.17
93.45
2005
 
33,445
0.869
38,497
233.6
1.48
93.24
2006
 
34,791
0.893
38,951
236.4
1.18
91.27
2007
 
35,680
0.916
38,946
236.4
-0.01
89.46
2008
 
35,438
0.943
37,570
228.0
-3.54
86.38
2009
 
34,274
0.941
36,438
221.1
-3.01
87.09
2010
 
34,830
0.957
36,377
220.8
-0.17
85.60
2011
 
36,849
0.982
37,536
227.8
3.18
86.13
2012
 
37,507
1.000
37,507
227.6
-0.08
84.07
2013
 
37,813
1.014
37,307
226.4
-0.53
84.23
2014
 
39,994
1.029
38,872
235.9
4.19
85.06
2015
 
41,974
1.031
40,706
247.0
4.72
85.85
2016
 
43,074
1.041
41,358
251.0
1.60
86.47
2017
 
45,045
1.061
42,475
257.8
2.70
86.94
2018
 
46,882
1.083
43,282
262.7
1.90
86.66
2019
 
48,765
1.099
44,363
269.2
2.50
87.01
2020
 
51,780
1.112
46,554
282.5
4.94
87.01
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_700_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:
Per Capita Personal Income, 1969-2020
 
1969
 
3,931
0.200
19,677
100.0
N
1970
 
4,198
0.209
20,076
102.0
2.03
1971
 
4,471
0.218
20,510
104.2
2.16
1972
 
4,857
0.225
21,546
109.5
5.05
1973
 
5,363
0.238
22,575
114.7
4.78
1974
 
5,836
0.262
22,248
113.1
-1.45
1975
 
6,324
0.284
22,255
113.1
0.03
1976
 
6,875
0.300
22,937
116.6
3.06
1977
 
7,516
0.319
23,543
119.6
2.64
1978
 
8,356
0.341
24,472
124.4
3.95
1979
 
9,232
0.372
24,832
126.2
1.47
1980
 
10,180
0.412
24,720
125.6
-0.45
1981
 
11,300
0.449
25,183
128.0
1.87
1982
 
11,999
0.474
25,335
128.8
0.60
1983
 
12,698
0.494
25,716
130.7
1.50
1984
 
13,906
0.512
27,138
137.9
5.53
1985
 
14,755
0.530
27,823
141.4
2.52
1986
 
15,490
0.542
28,588
145.3
2.75
1987
 
16,289
0.559
29,163
148.2
2.01
1988
 
17,455
0.580
30,076
152.8
3.13
1989
 
18,676
0.606
30,833
156.7
2.52
1990
 
19,621
0.632
31,030
157.7
0.64
1991
 
20,030
0.653
30,653
155.8
-1.22
1992
 
21,090
0.671
31,437
159.8
2.56
1993
 
21,733
0.688
31,608
160.6
0.54
1994
 
22,575
0.702
32,162
163.4
1.75
1995
 
23,607
0.717
32,939
167.4
2.42
1996
 
24,771
0.732
33,838
172.0
2.73
1997
 
25,993
0.745
34,900
177.4
3.14
1998
 
27,557
0.751
36,708
186.6
5.18
1999
 
28,693
0.762
37,673
191.5
2.63
2000
 
30,672
0.781
39,278
199.6
4.26
2001
 
31,617
0.797
39,692
201.7
1.05
2002
 
31,839
0.807
39,452
200.5
-0.60
2003
 
32,717
0.824
39,706
201.8
0.64
2004
 
34,280
0.844
40,595
206.3
2.24
2005
 
35,868
0.869
41,286
209.8
1.70
2006
 
38,120
0.893
42,677
216.9
3.37
2007
 
39,883
0.916
43,534
221.2
2.01
2008
 
41,026
0.943
43,495
221.0
-0.09
2009
 
39,356
0.941
41,841
212.6
-3.80
2010
 
40,690
0.957
42,497
216.0
1.57
2011
 
42,783
0.982
43,580
221.5
2.55
2012
 
44,614
1.000
44,614
226.7
2.37
2013
 
44,894
1.014
44,294
225.1
-0.72
2014
 
47,017
1.029
45,698
232.2
3.17
2015
 
48,891
1.031
47,414
241.0
3.76
2016
 
49,812
1.041
47,828
243.1
0.87
2017
 
51,811
1.061
48,855
248.3
2.15
2018
 
54,098
1.083
49,943
253.8
2.23
2019
 
56,047
1.099
50,988
259.1
2.09
2020
 
59,510
1.112
53,504
271.9
4.93
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_700_PN
 
   
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