Burke County vs. North Carolina
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2019
Introduction
Burke County vs. North Carolina
Burke County:
2019 TPI = $3,276,618K
2019 Percent of State = 0.7%
North Carolina:
2019 TPI = $500,973,833K
2019 Percent of U.S. = 2.7%
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 Burke County and North Carolina 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 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.
Burke County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Burke County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Burke County's annual total personal income over 1970-2019 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 Burke County over time.
When measured in current dollars, Burke County's total personal income increased 1,562.2%, from $197M in 1970 to $3,277M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 217.0%, from $941M in 1970 to $2,983M in 2019.
Real Total Personal Income, 1969-2019 (Millions)
Real Total Personal Income, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Burke County's and North Carolina's annual real total personal income for the period 1969-2019 to illustrate real total personal income patterns over time. During this 51-year period, Burke County's real total personal income rose from $908M in 1969 to $2,983M in 2019, for a net gain of $2,075M, or 228.6%. In comparison, North Carolina's real total personal income increased from $79,231M in 1969 to $456,048M in 2019, for a net gain of $376,817M, or 475.6%.
Real Total Personal Income Indices (1969=100): 1969-2019
Real Total Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 shows Burke County's real total personal income growth in a broader context by offering direct comparisons across time with North Carolina, 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.
Burke County's overall real total personal income growth was 228.6% over 1969-2019 trailed North Carolina's increase of 475.6%, and fell below the United States' increase of 327.0%.
Total Personal Income as a Percent of the North Carolina Total: 1969-2019
Total Personal Income as a Percent of the North Carolina Total: 1969-2019
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Burke County is to compare its individual percentage contributions to North Carolina'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 North Carolina's total personal income, while a declining share shows it grew more slowly.
In 1969, Burke County's total personal income totaled 1.15% of North Carolina's total personal income, while in 2019 it equated to 0.65% thereby yielding a -0.49% share-shift.
   
 
Total Personal Income Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
-0.49%
=
0.65%
-
1.15%
 
   
Burke County Real Total Personal Income:
Annual Percent Change, 1970-2019
Burke County Real Total Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 displays the short-run pattern of Burke County's real total personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Burke County's real total personal income grew at an annual rate of 2.44% over 1970-2019. The county posted its highest growth in 1998 (9.64%) and recorded its lowest growth in 2013 (-2.05%). In 2019, Burke County's real total personal income grew by 2.27%
Burke County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Burke County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
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 Burke 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, and 2010-2019.
During the 1970s, Burke County's annual real total personal income growth rate averaged 3.88%. It averaged 3.64% in the 1980s, 3.37% throughout the 1990s, -0.10% during the 2000s, and 1.44% thus far this decade (2010 to 2019).
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 Burke County noted in the previous graph with the corresponding decade averages for North Carolina and the nation. As the chart reveals, Burke County's average annual real total personal income growth lagged North Carolina's average during the 1970s (3.88% vs. 4.09%), fell below North Carolina's average in the 1980s (3.64% vs. 4.39%), fell below North Carolina's average in the 1990s (3.37% vs. 4.24%), trailed North Carolina's average in the 2000s (-0.10% vs. 2.81%), and recorded under North Carolina's average over the 10 year period of the last decade, 2010-2019 (1.44% vs. 2.43%).
Finally, relative to nationwide real total personal income growth trends, Burke County outpaced the nation throughout the 1970s (3.88% vs. 3.50%), led the nation over the 1980s (3.64% vs. 3.17%), outpaced the nation in the 1990s (3.37% vs. 3.29%), posted below the nation during the 2000s (-0.10% vs. 2.05%), and recorded underneath the nation over 2010-2019 (1.44% vs. 2.81%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.44
3.88
3.64
3.37
-0.10
1.44
2.27
 
3.59
4.09
4.39
4.24
2.81
2.43
2.88
 
2.96
3.50
3.17
3.29
2.05
2.81
2.42
 
   

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

   
 
Burke County:
Total Personal Income, 1969-2019
 
1969
 
181,693
0.200
907,784
100.0
N
1.15
1970
 
197,130
0.210
940,910
103.6
3.65
1.14
1971
 
219,966
0.218
1,007,124
110.9
7.04
1.17
1972
 
246,353
0.226
1,090,733
120.2
8.30
1.16
1973
 
277,199
0.238
1,164,604
128.3
6.77
1.15
1974
 
302,917
0.263
1,152,652
127.0
-1.03
1.14
1975
 
322,857
0.285
1,134,025
124.9
-1.62
1.12
1976
 
359,841
0.300
1,198,192
132.0
5.66
1.12
1977
 
398,449
0.320
1,245,698
137.2
3.96
1.13
1978
 
443,487
0.342
1,296,329
142.8
4.06
1.12
1979
 
492,487
0.373
1,322,077
145.6
1.99
1.12
1980
 
557,461
0.413
1,351,028
148.8
2.19
1.13
1981
 
624,634
0.450
1,389,372
153.1
2.84
1.13
1982
 
663,285
0.475
1,397,684
154.0
0.60
1.12
1983
 
725,805
0.495
1,467,043
161.6
4.96
1.12
1984
 
804,371
0.513
1,566,661
172.6
6.79
1.10
1985
 
841,452
0.531
1,583,641
174.5
1.08
1.06
1986
 
913,301
0.543
1,682,264
185.3
6.23
1.07
1987
 
980,000
0.560
1,751,126
192.9
4.09
1.07
1988
 
1,066,597
0.582
1,834,185
202.1
4.74
1.06
1989
 
1,144,821
0.607
1,886,342
207.8
2.84
1.04
1990
 
1,205,915
0.634
1,903,425
209.7
0.91
1.03
1991
 
1,254,892
0.655
1,916,656
211.1
0.70
1.03
1992
 
1,356,011
0.672
2,017,333
222.2
5.25
1.02
1993
 
1,439,466
0.689
2,089,453
230.2
3.58
1.02
1994
 
1,532,640
0.703
2,179,212
240.1
4.30
1.02
1995
 
1,593,508
0.718
2,219,031
244.4
1.83
0.99
1996
 
1,630,959
0.733
2,223,651
245.0
0.21
0.94
1997
 
1,718,252
0.746
2,302,577
253.6
3.55
0.93
1998
 
1,898,854
0.752
2,524,535
278.1
9.64
0.96
1999
 
1,998,943
0.763
2,618,543
288.5
3.72
0.96
2000
 
2,078,008
0.782
2,656,110
292.6
1.43
0.93
2001
 
2,105,660
0.797
2,640,723
290.9
-0.58
0.92
2002
 
2,099,756
0.808
2,599,062
286.3
-1.58
0.90
2003
 
2,102,961
0.824
2,553,439
281.3
-1.76
0.87
2004
 
2,190,567
0.844
2,595,120
285.9
1.63
0.84
2005
 
2,271,517
0.868
2,616,593
288.2
0.83
0.81
2006
 
2,335,314
0.892
2,618,828
288.5
0.09
0.76
2007
 
2,415,577
0.914
2,641,765
291.0
0.88
0.73
2008
 
2,461,864
0.942
2,613,999
288.0
-1.05
0.70
2009
 
2,437,468
0.941
2,590,461
285.4
-0.90
0.72
2010
 
2,481,216
0.957
2,592,567
285.6
0.08
0.73
2011
 
2,515,531
0.981
2,563,442
282.4
-1.12
0.71
2012
 
2,603,818
1.000
2,603,818
286.8
1.58
0.69
2013
 
2,584,778
1.013
2,550,449
281.0
-2.05
0.69
2014
 
2,699,168
1.028
2,624,884
289.2
2.92
0.68
2015
 
2,828,958
1.030
2,745,415
302.4
4.59
0.67
2016
 
2,897,688
1.041
2,783,001
306.6
1.37
0.67
2017
 
3,051,300
1.060
2,879,019
317.1
3.45
0.67
2018
 
3,156,845
1.082
2,916,550
321.3
1.30
0.66
2019
 
3,276,618
1.099
2,982,784
328.6
2.27
0.65
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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.

   
 
North Carolina:
Total Personal Income, 1969-2019
 
1969
 
15,858,142
0.200
79,231,287
100.0
N
2.00
1970
 
17,320,423
0.210
82,671,104
104.3
4.34
2.02
1971
 
18,856,792
0.218
86,336,670
109.0
4.43
2.04
1972
 
21,319,016
0.226
94,390,401
119.1
9.33
2.10
1973
 
24,174,505
0.238
101,565,016
128.2
7.60
2.13
1974
 
26,653,856
0.263
101,422,588
128.0
-0.14
2.14
1975
 
28,942,763
0.285
101,660,566
128.3
0.23
2.12
1976
 
32,132,322
0.300
106,993,613
135.0
5.25
2.15
1977
 
35,208,099
0.320
110,073,467
138.9
2.88
2.13
1978
 
39,736,164
0.342
116,150,256
146.6
5.52
2.14
1979
 
43,908,313
0.373
117,871,501
148.8
1.48
2.12
1980
 
49,246,957
0.413
119,351,842
150.6
1.26
2.13
1981
 
55,496,710
0.450
123,441,234
155.8
3.43
2.14
1982
 
59,420,072
0.475
125,210,873
158.0
1.43
2.14
1983
 
64,644,452
0.495
130,663,484
164.9
4.35
2.18
1984
 
73,126,172
0.513
142,426,761
179.8
9.00
2.23
1985
 
79,020,157
0.531
148,718,630
187.7
4.42
2.25
1986
 
85,194,512
0.543
156,924,870
198.1
5.52
2.29
1987
 
91,884,496
0.560
164,185,005
207.2
4.63
2.33
1988
 
100,589,475
0.582
172,979,785
218.3
5.36
2.36
1989
 
109,693,130
0.607
180,743,335
228.1
4.49
2.38
1990
 
116,522,487
0.634
183,919,954
232.1
1.76
2.38
1991
 
121,893,315
0.655
186,173,407
235.0
1.23
2.41
1992
 
132,674,908
0.672
197,380,029
249.1
6.02
2.45
1993
 
141,458,338
0.689
205,333,476
259.2
4.03
2.50
1994
 
150,582,582
0.703
214,108,605
270.2
4.27
2.54
1995
 
161,486,709
0.718
224,877,399
283.8
5.03
2.57
1996
 
172,816,700
0.733
235,618,439
297.4
4.78
2.59
1997
 
185,687,858
0.746
248,834,619
314.1
5.61
2.62
1998
 
198,775,179
0.752
264,272,467
333.5
6.20
2.61
1999
 
208,769,698
0.763
273,480,702
345.2
3.48
2.61
2000
 
222,564,907
0.782
284,482,530
359.1
4.02
2.57
2001
 
228,879,962
0.797
287,040,009
362.3
0.90
2.54
2002
 
232,267,281
0.808
287,498,646
362.9
0.16
2.54
2003
 
241,625,829
0.824
293,384,770
370.3
2.05
2.55
2004
 
261,640,155
0.844
309,959,786
391.2
5.65
2.61
2005
 
281,033,775
0.868
323,726,875
408.6
4.44
2.65
2006
 
306,078,047
0.892
343,236,871
433.2
6.03
2.69
2007
 
329,509,436
0.914
360,363,783
454.8
4.99
2.75
2008
 
350,848,256
0.942
372,529,471
470.2
3.38
2.82
2009
 
338,315,713
0.941
359,550,782
453.8
-3.48
2.81
2010
 
341,627,602
0.957
356,958,991
450.5
-0.72
2.72
2011
 
355,052,267
0.981
361,814,582
456.7
1.36
2.67
2012
 
379,925,288
1.000
379,925,288
479.5
5.01
2.71
2013
 
376,023,938
1.013
371,029,876
468.3
-2.34
2.65
2014
 
397,995,957
1.028
387,042,650
488.5
4.32
2.66
2015
 
419,717,441
1.030
407,322,614
514.1
5.24
2.67
2016
 
434,788,999
1.041
417,580,506
527.0
2.52
2.69
2017
 
455,997,111
1.060
430,250,897
543.0
3.03
2.69
2018
 
479,791,844
1.082
443,270,766
559.5
3.03
2.69
2019
 
500,973,833
1.099
456,048,496
575.6
2.88
2.70
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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, 1969-2019
 
1969
 
791,229,000
0.200
3,953,180,115
100.0
N
1970
 
855,525,000
0.210
4,083,456,637
103.3
3.30
1971
 
924,613,000
0.218
4,233,382,171
107.1
3.67
1972
 
1,016,408,000
0.226
4,500,168,246
113.8
6.30
1973
 
1,133,468,000
0.238
4,762,070,414
120.5
5.82
1974
 
1,244,912,000
0.263
4,737,108,067
119.8
-0.52
1975
 
1,362,505,000
0.285
4,785,756,937
121.1
1.03
1976
 
1,495,704,000
0.300
4,980,367,608
126.0
4.07
1977
 
1,651,632,000
0.320
5,163,609,079
130.6
3.68
1978
 
1,855,849,000
0.342
5,424,714,273
137.2
5.06
1979
 
2,073,257,000
0.373
5,565,641,191
140.8
2.60
1980
 
2,313,160,000
0.413
5,606,029,761
141.8
0.73
1981
 
2,592,915,000
0.450
5,767,416,255
145.9
2.88
1982
 
2,779,794,000
0.475
5,857,623,904
148.2
1.56
1983
 
2,968,676,000
0.495
6,000,477,018
151.8
2.44
1984
 
3,279,488,000
0.513
6,387,410,163
161.6
6.45
1985
 
3,510,471,000
0.531
6,606,826,138
167.1
3.44
1986
 
3,719,647,000
0.543
6,851,440,413
173.3
3.70
1987
 
3,946,593,000
0.560
7,052,020,942
178.4
2.93
1988
 
4,267,813,000
0.582
7,339,191,072
185.7
4.07
1989
 
4,609,667,000
0.607
7,595,430,878
192.1
3.49
1990
 
4,897,821,000
0.634
7,730,756,846
195.6
1.78
1991
 
5,067,291,000
0.655
7,739,512,471
195.8
0.11
1992
 
5,409,920,000
0.672
8,048,320,390
203.6
3.99
1993
 
5,648,732,000
0.689
8,199,401,963
207.4
1.88
1994
 
5,940,128,000
0.703
8,446,079,909
213.7
3.01
1995
 
6,286,143,000
0.718
8,753,732,715
221.4
3.64
1996
 
6,673,186,000
0.733
9,098,227,579
230.1
3.94
1997
 
7,086,935,000
0.746
9,496,984,844
240.2
4.38
1998
 
7,601,594,000
0.752
10,106,352,372
255.7
6.42
1999
 
8,001,563,000
0.763
10,481,756,137
265.1
3.71
2000
 
8,650,325,000
0.782
11,056,847,958
279.7
5.49
2001
 
9,001,839,000
0.797
11,289,271,113
285.6
2.10
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
300.5
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
332.0
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
343.2
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
353.8
-0.08
2014
 
14,982,715,000
1.028
14,570,373,432
368.6
4.17
2015
 
15,717,140,000
1.030
15,252,991,470
385.8
4.68
2016
 
16,151,881,000
1.041
15,512,606,487
392.4
1.70
2017
 
16,937,582,000
1.060
15,981,263,210
404.3
3.02
2018
 
17,839,255,000
1.082
16,481,356,073
416.9
3.13
2019
 
18,542,262,000
1.099
16,879,465,822
427.0
2.42
Source: Calculations by the North Carolina Regional Economic Analysis Project (NC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_300_PN
 
   
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