| Pickens County vs. Georgia Comparative Trends Analysis: Total Personal Income Growth and Change, 1969-2022 Introduction Pickens County: 2022 TPI = $2,111,029K 2022 Percent of State = 0.34% Georgia: 2022 TPI = $617,552,988K 2022 Percent of U.S. = 2.83% 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 Pickens County and Georgia 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. Figure 1. Another interesting and insightful way of highlighting the total personal income growth of Pickens County is to compare its individual percentage contributions to Georgia's statewide total personal income over time, as shown in Figure 1. A rising share means a region's total personal income grew faster, or declined less, than Georgia's total personal income, while a declining share shows it grew more slowly. In 1969, Pickens County's total personal income totaled 0.17% of Georgia's total personal income, while in 2022 it comprised 0.34% thereby yielding a +0.17% share-shift. | | | | Total Personal Income Share-Shift 2022 vs. 1969 | Share- Shift* | | 2022 | vs. | 1969 | | +0.17% | = | 0.34% | - | 0.17% |
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Figure 2. 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 2 again shows the annual percent change in Pickens 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, Pickens County's annual real total personal income growth rate averaged 4.98%. It averaged 5.39% throughout the 1980s, 8.28% during the 1990s, 3.76% in the 2000s, 3.00% in the 2010s, 5.42% thus far this decade (2020-2022). Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Pickens County: Total Personal Income, 1969-2022 | | | | | | | | | 1969 | | 25,448 | 0.189 | 134,767 | 100.0 | N | 0.17 | 1970 | | 27,381 | 0.198 | 138,526 | 102.8 | 2.79 | 0.17 | 1971 | | 30,244 | 0.206 | 146,780 | 108.9 | 5.96 | 0.17 | 1972 | | 33,865 | 0.213 | 158,931 | 117.9 | 8.28 | 0.17 | 1973 | | 39,972 | 0.225 | 178,009 | 132.1 | 12.00 | 0.17 | 1974 | | 43,767 | 0.248 | 176,530 | 131.0 | -0.83 | 0.17 | 1975 | | 50,726 | 0.269 | 188,853 | 140.1 | 6.98 | 0.19 | 1976 | | 56,381 | 0.283 | 198,994 | 147.7 | 5.37 | 0.19 | 1977 | | 63,097 | 0.302 | 209,097 | 155.2 | 5.08 | 0.19 | 1978 | | 69,725 | 0.323 | 216,027 | 160.3 | 3.31 | 0.18 | 1979 | | 76,590 | 0.351 | 217,938 | 161.7 | 0.88 | 0.18 | 1980 | | 85,459 | 0.389 | 219,531 | 162.9 | 0.73 | 0.18 | 1981 | | 96,601 | 0.424 | 227,752 | 169.0 | 3.74 | 0.18 | 1982 | | 105,176 | 0.448 | 234,920 | 174.3 | 3.15 | 0.18 | 1983 | | 116,615 | 0.467 | 249,839 | 185.4 | 6.35 | 0.18 | 1984 | | 135,136 | 0.484 | 278,982 | 207.0 | 11.66 | 0.19 | 1985 | | 146,718 | 0.501 | 292,687 | 217.2 | 4.91 | 0.19 | 1986 | | 164,847 | 0.512 | 321,847 | 238.8 | 9.96 | 0.19 | 1987 | | 181,020 | 0.528 | 342,828 | 254.4 | 6.52 | 0.20 | 1988 | | 199,737 | 0.549 | 364,052 | 270.1 | 6.19 | 0.20 | 1989 | | 209,862 | 0.573 | 366,501 | 272.0 | 0.67 | 0.19 | 1990 | | 229,105 | 0.598 | 383,279 | 284.4 | 4.58 | 0.20 | 1991 | | 238,107 | 0.618 | 385,449 | 286.0 | 0.57 | 0.20 | 1992 | | 264,010 | 0.634 | 416,288 | 308.9 | 8.00 | 0.20 | 1993 | | 290,521 | 0.650 | 446,955 | 331.7 | 7.37 | 0.21 | 1994 | | 326,396 | 0.664 | 491,886 | 365.0 | 10.05 | 0.22 | 1995 | | 365,941 | 0.678 | 540,102 | 400.8 | 9.80 | 0.22 | 1996 | | 419,293 | 0.692 | 605,888 | 449.6 | 12.18 | 0.24 | 1997 | | 456,287 | 0.704 | 648,071 | 480.9 | 6.96 | 0.24 | 1998 | | 522,396 | 0.710 | 736,111 | 546.2 | 13.59 | 0.25 | 1999 | | 581,388 | 0.720 | 807,472 | 599.2 | 9.69 | 0.27 | 2000 | | 626,480 | 0.738 | 848,636 | 629.7 | 5.10 | 0.26 | 2001 | | 688,114 | 0.753 | 913,806 | 678.1 | 7.68 | 0.28 | 2002 | | 722,928 | 0.763 | 947,593 | 703.1 | 3.70 | 0.28 | 2003 | | 753,420 | 0.779 | 967,238 | 717.7 | 2.07 | 0.28 | 2004 | | 845,067 | 0.798 | 1,058,623 | 785.5 | 9.45 | 0.30 | 2005 | | 891,391 | 0.821 | 1,085,381 | 805.4 | 2.53 | 0.30 | 2006 | | 952,961 | 0.844 | 1,128,566 | 837.4 | 3.98 | 0.30 | 2007 | | 1,029,621 | 0.866 | 1,188,843 | 882.1 | 5.34 | 0.31 | 2008 | | 1,052,692 | 0.892 | 1,180,545 | 876.0 | -0.70 | 0.31 | 2009 | | 1,033,282 | 0.889 | 1,162,022 | 862.2 | -1.57 | 0.31 | 2010 | | 1,049,040 | 0.905 | 1,158,981 | 860.0 | -0.26 | 0.31 | 2011 | | 1,096,649 | 0.928 | 1,181,683 | 876.8 | 1.96 | 0.30 | 2012 | | 1,105,172 | 0.945 | 1,169,074 | 867.5 | -1.07 | 0.30 | 2013 | | 1,133,126 | 0.958 | 1,183,038 | 877.8 | 1.19 | 0.30 | 2014 | | 1,186,434 | 0.971 | 1,221,604 | 906.5 | 3.26 | 0.30 | 2015 | | 1,265,686 | 0.973 | 1,300,821 | 965.2 | 6.48 | 0.30 | 2016 | | 1,363,380 | 0.983 | 1,387,184 | 1,029.3 | 6.64 | 0.31 | 2017 | | 1,455,587 | 1.000 | 1,455,587 | 1,080.1 | 4.93 | 0.31 | 2018 | | 1,514,833 | 1.020 | 1,484,446 | 1,101.5 | 1.98 | 0.31 | 2019 | | 1,611,339 | 1.035 | 1,556,654 | 1,155.1 | 4.86 | 0.31 | 2020 | | 1,743,770 | 1.046 | 1,666,526 | 1,236.6 | 7.06 | 0.32 | 2021 | | 1,990,869 | 1.090 | 1,826,469 | 1,355.3 | 9.60 | 0.33 | 2022 | | 2,111,029 | 1.160 | 1,819,178 | 1,349.9 | -0.40 | 0.34 |
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 2023 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. | | | | Georgia: Total Personal Income, 1969-2022 | | | | | | | | | 1969 | | 14,980,053 | 0.189 | 79,330,896 | 100.0 | N | 1.89 | 1970 | | 16,310,397 | 0.198 | 82,517,439 | 104.0 | 4.02 | 1.91 | 1971 | | 18,009,654 | 0.206 | 87,404,290 | 110.2 | 5.92 | 1.95 | 1972 | | 20,206,129 | 0.213 | 94,828,839 | 119.5 | 8.49 | 1.99 | 1973 | | 22,848,185 | 0.225 | 101,750,991 | 128.3 | 7.30 | 2.02 | 1974 | | 25,067,819 | 0.248 | 101,108,454 | 127.5 | -0.63 | 2.01 | 1975 | | 27,084,317 | 0.269 | 100,835,134 | 127.1 | -0.27 | 1.99 | 1976 | | 30,146,592 | 0.283 | 106,400,988 | 134.1 | 5.52 | 2.02 | 1977 | | 33,332,134 | 0.302 | 110,459,087 | 139.2 | 3.81 | 2.02 | 1978 | | 37,818,959 | 0.323 | 117,173,624 | 147.7 | 6.08 | 2.04 | 1979 | | 42,320,346 | 0.351 | 120,423,259 | 151.8 | 2.77 | 2.04 | 1980 | | 47,202,071 | 0.389 | 121,254,806 | 152.8 | 0.69 | 2.04 | 1981 | | 53,425,141 | 0.424 | 125,958,130 | 158.8 | 3.88 | 2.06 | 1982 | | 57,837,878 | 0.448 | 129,186,031 | 162.8 | 2.56 | 2.08 | 1983 | | 63,391,355 | 0.467 | 135,811,456 | 171.2 | 5.13 | 2.13 | 1984 | | 71,797,631 | 0.484 | 148,222,777 | 186.8 | 9.14 | 2.19 | 1985 | | 78,653,685 | 0.501 | 156,905,691 | 197.8 | 5.86 | 2.24 | 1986 | | 85,815,039 | 0.512 | 167,545,323 | 211.2 | 6.78 | 2.31 | 1987 | | 92,176,403 | 0.528 | 174,569,908 | 220.1 | 4.19 | 2.34 | 1988 | | 100,730,745 | 0.549 | 183,597,457 | 231.4 | 5.17 | 2.36 | 1989 | | 108,528,867 | 0.573 | 189,533,656 | 238.9 | 3.23 | 2.36 | 1990 | | 116,127,930 | 0.598 | 194,275,082 | 244.9 | 2.50 | 2.37 | 1991 | | 121,970,784 | 0.618 | 197,446,796 | 248.9 | 1.63 | 2.40 | 1992 | | 131,894,417 | 0.634 | 207,969,752 | 262.2 | 5.33 | 2.44 | 1993 | | 140,056,533 | 0.650 | 215,471,589 | 271.6 | 3.61 | 2.48 | 1994 | | 150,802,631 | 0.664 | 227,262,992 | 286.5 | 5.47 | 2.54 | 1995 | | 162,763,562 | 0.678 | 240,227,237 | 302.8 | 5.70 | 2.59 | 1996 | | 175,804,576 | 0.692 | 254,041,842 | 320.2 | 5.75 | 2.64 | 1997 | | 187,175,782 | 0.704 | 265,848,257 | 335.1 | 4.65 | 2.65 | 1998 | | 205,294,013 | 0.710 | 289,280,952 | 364.7 | 8.81 | 2.71 | 1999 | | 218,718,588 | 0.720 | 303,771,598 | 382.9 | 5.01 | 2.74 | 2000 | | 236,616,760 | 0.738 | 320,523,367 | 404.0 | 5.51 | 2.74 | 2001 | | 248,742,489 | 0.753 | 330,326,537 | 416.4 | 3.06 | 2.77 | 2002 | | 255,977,173 | 0.763 | 335,527,353 | 422.9 | 1.57 | 2.80 | 2003 | | 265,622,803 | 0.779 | 341,005,473 | 429.9 | 1.63 | 2.80 | 2004 | | 280,462,397 | 0.798 | 351,337,764 | 442.9 | 3.03 | 2.80 | 2005 | | 297,084,940 | 0.821 | 361,738,454 | 456.0 | 2.96 | 2.82 | 2006 | | 316,548,828 | 0.844 | 374,880,185 | 472.6 | 3.63 | 2.80 | 2007 | | 331,363,663 | 0.866 | 382,606,098 | 482.3 | 2.06 | 2.78 | 2008 | | 335,257,508 | 0.892 | 375,975,673 | 473.9 | -1.73 | 2.70 | 2009 | | 329,158,884 | 0.889 | 370,170,021 | 466.6 | -1.54 | 2.73 | 2010 | | 337,420,548 | 0.905 | 372,782,716 | 469.9 | 0.71 | 2.69 | 2011 | | 360,456,247 | 0.928 | 388,405,938 | 489.6 | 4.19 | 2.71 | 2012 | | 369,040,241 | 0.945 | 390,378,320 | 492.1 | 0.51 | 2.65 | 2013 | | 374,124,564 | 0.958 | 390,604,153 | 492.4 | 0.06 | 2.66 | 2014 | | 398,585,712 | 0.971 | 410,401,161 | 517.3 | 5.07 | 2.70 | 2015 | | 423,242,013 | 0.973 | 434,991,123 | 548.3 | 5.99 | 2.74 | 2016 | | 441,039,056 | 0.983 | 448,739,425 | 565.7 | 3.16 | 2.78 | 2017 | | 467,592,473 | 1.000 | 467,592,473 | 589.4 | 4.20 | 2.81 | 2018 | | 491,087,953 | 1.020 | 481,237,031 | 606.6 | 2.92 | 2.80 | 2019 | | 516,552,121 | 1.035 | 499,021,496 | 629.0 | 3.70 | 2.82 | 2020 | | 552,248,854 | 1.046 | 527,785,974 | 665.3 | 5.76 | 2.82 | 2021 | | 606,113,593 | 1.090 | 556,062,415 | 700.9 | 5.36 | 2.83 | 2022 | | 617,552,988 | 1.160 | 532,175,993 | 670.8 | -4.30 | 2.83 |
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 2023 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, 1969-2022 | | | | | | | | 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 Georgia Regional Economic Analysis Project (GA-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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