Grand County vs. Utah
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Grand County vs. Utah
Grand County:
2022 TPI = $683,455K
2022 Percent of State = 0.34%
Utah:
2022 TPI = $201,011,812K
2022 Percent of U.S. = 0.92%
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 Grand County and Utah 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.
Grand County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Grand County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Grand 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 Grand County over time.
When measured in current dollars, Grand County's total personal income increased 2,727.00%, from $24M in 1970 to $683M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 381.53%, from $122M in 1970 to $589M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Grand County's and Utah'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, Grand County's real total personal income rose from $127M in 1969 to $589M in 2022, for a net gain of $462M, or 364.63%. In comparison, Utah's real total personal income advanced from $18,042M in 1969 to $173,222M in 2022, for a net gain of $155,180M, or 860.10%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Grand County's real total personal income growth in a broader context by offering direct comparisons across time with Utah, 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.
Grand County's overall real total personal income growth was 364.63% over 1969-2022 trailed Utah's increase of 860.10%, and outpaced the United States' increase of 348.76%.
Total Personal Income as a Percent of the Utah Total: 1969-2022
Total Personal Income as a Percent of the Utah Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Grand County is to compare its individual percentage contributions to Utah'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 Utah's total personal income, while a declining share shows it grew more slowly.
In 1969, Grand County's total personal income comprised 0.70% of Utah's total personal income, while in 2022 it totaled 0.34% thereby yielding a -0.36% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.36%
=
0.34%
-
0.70%
 
   
Grand County Real Total Personal Income:
Annual Percent Change, 1970-2022
Grand County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Grand 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 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, Grand County's real total personal income grew at an annual rate of 3.09% over 1970-2022. The county recorded its highest growth in 1976 (14.09%) and recorded its lowest growth in 1982 (-11.13%). In 2022, Grand County's real total personal income declined by -1.06%
Grand County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Grand 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 depicts the annual percent change in Grand 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, Grand County's annual real total personal income growth rate averaged 4.66%. It averaged -3.61% in the 1980s, 6.03% in the 1990s, 4.13% in the 2000s, 4.23% in the 2010s, 3.13% 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 Grand County noted in the previous graph with the corresponding decade averages for Utah and the nation. As the chart reveals, Grand County's average annual real total personal income growth posted below Utah's average during the 1970s (4.66% vs. 5.66%), lagged Utah's average throughout the 1980s (-3.61% vs. 2.97%), surpassed Utah's average throughout the 1990s (6.03% vs. 5.35%), outgained Utah's average in the 2000s (4.13% vs. 3.35%), recorded under Utah's average in the 2010s (4.23% vs. 4.46%), and trailed Utah's average over the 3 year period of the current decade, 2020-2022 (3.13% vs. 4.91%).
Finally, relative to nationwide real total personal income growth trends, Grand County topped the nation over the 1970s (4.66% vs. 3.50%), recorded underneath the nation over the 1980s (-3.61% vs. 3.16%), outgained the nation during the 1990s (6.03% vs. 3.27%), outperformed the nation throughout the 2000s (4.13% vs. 2.06%), registered above the nation during the 2010s (4.23% vs. 2.72%), and outgained the nation over 2020-2022 (3.13% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.09
4.66
-3.61
6.03
4.13
4.23
3.13
-1.06
 
4.39
5.66
2.97
5.35
3.35
4.46
4.91
-0.87
 
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.

   
 
Grand County:
Total Personal Income, 1969-2022
 
1969
 
23,936
0.189
126,760
100.0
N
0.70
1970
 
24,176
0.198
122,311
96.5
-3.51
0.64
1971
 
24,207
0.206
117,481
92.7
-3.95
0.57
1972
 
28,196
0.213
132,326
104.4
12.64
0.59
1973
 
30,224
0.225
134,598
106.2
1.72
0.57
1974
 
34,221
0.248
138,027
108.9
2.55
0.58
1975
 
39,040
0.269
145,346
114.7
5.30
0.59
1976
 
46,984
0.283
165,828
130.8
14.09
0.63
1977
 
54,661
0.302
181,141
142.9
9.23
0.65
1978
 
63,563
0.323
196,936
155.4
8.72
0.65
1979
 
69,045
0.351
196,469
155.0
-0.24
0.63
1980
 
80,926
0.389
207,886
164.0
5.81
0.66
1981
 
85,139
0.424
200,729
158.4
-3.44
0.61
1982
 
79,865
0.448
178,386
140.7
-11.13
0.53
1983
 
74,263
0.467
159,103
125.5
-10.81
0.46
1984
 
73,897
0.484
152,557
120.4
-4.11
0.42
1985
 
73,228
0.501
146,082
115.2
-4.24
0.38
1986
 
70,857
0.512
138,341
109.1
-5.30
0.35
1987
 
69,955
0.528
132,486
104.5
-4.23
0.33
1988
 
74,620
0.549
136,007
107.3
2.66
0.33
1989
 
76,870
0.573
134,245
105.9
-1.30
0.32
1990
 
82,550
0.598
138,101
108.9
2.87
0.32
1991
 
86,807
0.618
140,524
110.9
1.75
0.31
1992
 
100,730
0.634
158,830
125.3
13.03
0.33
1993
 
110,922
0.650
170,649
134.6
7.44
0.34
1994
 
121,587
0.664
183,234
144.6
7.37
0.35
1995
 
129,050
0.678
190,468
150.3
3.95
0.34
1996
 
137,078
0.692
198,081
156.3
4.00
0.33
1997
 
147,216
0.704
209,093
165.0
5.56
0.33
1998
 
159,554
0.710
224,828
177.4
7.53
0.33
1999
 
172,821
0.720
240,026
189.4
6.76
0.34
2000
 
170,824
0.738
231,400
182.6
-3.59
0.31
2001
 
185,264
0.753
246,028
194.1
6.32
0.33
2002
 
186,723
0.763
244,751
193.1
-0.52
0.32
2003
 
201,189
0.779
258,286
203.8
5.53
0.33
2004
 
215,119
0.798
269,482
212.6
4.33
0.33
2005
 
236,581
0.821
288,067
227.3
6.90
0.33
2006
 
263,071
0.844
311,548
245.8
8.15
0.33
2007
 
282,528
0.866
326,218
257.4
4.71
0.33
2008
 
310,322
0.892
348,012
274.5
6.68
0.34
2009
 
318,098
0.889
357,731
282.2
2.79
0.37
2010
 
336,287
0.905
371,530
293.1
3.86
0.38
2011
 
369,460
0.928
398,108
314.1
7.15
0.39
2012
 
376,744
0.945
398,528
314.4
0.11
0.37
2013
 
369,310
0.958
385,578
304.2
-3.25
0.35
2014
 
383,684
0.971
395,058
311.7
2.46
0.35
2015
 
397,222
0.973
408,249
322.1
3.34
0.33
2016
 
432,310
0.983
439,858
347.0
7.74
0.34
2017
 
482,355
1.000
482,355
380.5
9.66
0.36
2018
 
536,164
1.020
525,409
414.5
8.93
0.37
2019
 
556,637
1.035
537,746
424.2
2.35
0.36
2020
 
599,928
1.046
573,353
452.3
6.62
0.35
2021
 
648,867
1.090
595,285
469.6
3.83
0.34
2022
 
683,455
1.160
588,967
464.6
-1.06
0.34
Source: Calculations by the Utah Regional Economic Analysis Project (UT-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.

   
 
Utah:
Total Personal Income, 1969-2022
 
1969
 
3,406,875
0.189
18,042,022
100.0
N
0.43
1970
 
3,791,439
0.198
19,181,620
106.3
6.32
0.44
1971
 
4,243,112
0.206
20,592,633
114.1
7.36
0.46
1972
 
4,741,413
0.213
22,251,797
123.3
8.06
0.47
1973
 
5,282,895
0.225
23,526,587
130.4
5.73
0.47
1974
 
5,910,411
0.248
23,839,031
132.1
1.33
0.47
1975
 
6,590,527
0.269
24,536,586
136.0
2.93
0.48
1976
 
7,463,623
0.283
26,342,509
146.0
7.36
0.50
1977
 
8,440,469
0.302
27,970,801
155.0
6.18
0.51
1978
 
9,711,665
0.323
30,089,432
166.8
7.57
0.52
1979
 
10,970,210
0.351
31,215,918
173.0
3.74
0.53
1980
 
12,318,448
0.389
31,644,184
175.4
1.37
0.53
1981
 
13,878,413
0.424
32,720,530
181.4
3.40
0.54
1982
 
15,058,011
0.448
33,633,403
186.4
2.79
0.54
1983
 
16,136,101
0.467
34,570,445
191.6
2.79
0.54
1984
 
17,800,948
0.484
36,749,206
203.7
6.30
0.54
1985
 
19,059,816
0.501
38,022,295
210.7
3.46
0.54
1986
 
20,029,871
0.512
39,106,330
216.8
2.85
0.54
1987
 
20,928,144
0.528
39,635,135
219.7
1.35
0.53
1988
 
22,309,336
0.549
40,662,236
225.4
2.59
0.52
1989
 
23,942,146
0.573
41,812,309
231.7
2.83
0.52
1990
 
25,975,922
0.598
43,456,164
240.9
3.93
0.53
1991
 
27,877,464
0.618
45,128,151
250.1
3.85
0.55
1992
 
30,105,915
0.634
47,470,695
263.1
5.19
0.56
1993
 
32,466,503
0.650
49,948,466
276.8
5.22
0.58
1994
 
35,131,085
0.664
52,943,343
293.4
6.00
0.59
1995
 
38,274,771
0.678
56,490,792
313.1
6.70
0.61
1996
 
41,682,790
0.692
60,232,634
333.8
6.62
0.63
1997
 
45,000,539
0.704
63,914,865
354.3
6.11
0.64
1998
 
48,098,523
0.710
67,775,900
375.7
6.04
0.63
1999
 
50,669,999
0.720
70,374,021
390.1
3.83
0.64
2000
 
54,230,564
0.738
73,461,250
407.2
4.39
0.63
2001
 
56,788,677
0.753
75,414,567
418.0
2.66
0.63
2002
 
58,508,581
0.763
76,691,328
425.1
1.69
0.64
2003
 
60,770,445
0.779
78,016,850
432.4
1.73
0.64
2004
 
64,794,962
0.798
81,169,231
449.9
4.04
0.65
2005
 
70,661,847
0.821
86,039,727
476.9
6.00
0.67
2006
 
78,561,107
0.844
93,037,787
515.7
8.13
0.70
2007
 
85,528,474
0.866
98,754,690
547.4
6.14
0.72
2008
 
89,967,770
0.892
100,894,662
559.2
2.17
0.72
2009
 
86,594,676
0.889
97,383,831
539.8
-3.48
0.72
2010
 
88,940,512
0.905
98,261,608
544.6
0.90
0.71
2011
 
95,881,711
0.928
103,316,356
572.6
5.14
0.72
2012
 
101,928,136
0.945
107,821,668
597.6
4.36
0.73
2013
 
105,027,979
0.958
109,654,294
607.8
1.70
0.75
2014
 
111,056,448
0.971
114,348,543
633.8
4.28
0.75
2015
 
119,661,481
0.973
122,983,259
681.6
7.55
0.77
2016
 
126,540,574
0.983
128,749,923
713.6
4.69
0.80
2017
 
134,546,734
1.000
134,546,734
745.7
4.50
0.81
2018
 
144,645,502
1.020
141,744,002
785.6
5.35
0.83
2019
 
155,673,648
1.035
150,390,432
833.6
6.10
0.85
2020
 
169,940,204
1.046
162,412,390
900.2
7.99
0.87
2021
 
190,468,266
1.090
174,739,925
968.5
7.59
0.89
2022
 
201,011,812
1.160
173,221,833
960.1
-0.87
0.92
Source: Calculations by the Utah Regional Economic Analysis Project (UT-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 Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, UT-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.