Washington County vs. Wisconsin
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Washington County vs. Wisconsin
Washington County:
2022 TPI = $9,459,879K
2022 Percent of State = 2.61%
Wisconsin:
2022 TPI = $362,245,267K
2022 Percent of U.S. = 1.66%
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 Washington County and Wisconsin 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.
Washington County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Washington County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Washington 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 Washington County over time.
When measured in current dollars, Washington County's total personal income increased 3,516.08%, from $262M in 1970 to $9,460M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 515.94%, from $1,324M in 1970 to $8,152M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Washington County's and Wisconsin'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, Washington County's real total personal income rose from $1,324M in 1969 to $8,152M in 2022, for a net gain of $6,828M, or 515.54%. In comparison, Wisconsin's real total personal income advanced from $86,981M in 1969 to $312,165M in 2022, for a net advance of $225,184M, or 258.89%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Washington County's real total personal income growth in a broader context by offering direct comparisons across time with Wisconsin, 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.
Washington County's overall real total personal income growth was 515.54% over 1969-2022 outpaced Wisconsin's increase of 258.89%, and outpaced the United States' increase of 348.76%.
Total Personal Income as a Percent of the Wisconsin Total: 1969-2022
Total Personal Income as a Percent of the Wisconsin Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Washington County is to trace its individual percentage contributions to Wisconsin'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 Wisconsin's total personal income, while a declining share shows it grew more slowly.
In 1969, Washington County's total personal income totaled 1.52% of Wisconsin's total personal income, while in 2022 it totaled 2.61% thereby yielding a +1.09% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+1.09%
=
2.61%
-
1.52%
 
   
Washington County Real Total Personal Income:
Annual Percent Change, 1970-2022
Washington County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Washington 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, Washington County's real total personal income grew at an annual rate of 3.53% over 1970-2022. The county recorded its highest growth in 1972 (9.18%) and recorded its lowest growth in 2022 (-2.86%). In 2022, Washington County's real total personal income declined by -2.86%
Washington County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Washington 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 Washington 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, Washington County's annual real total personal income growth rate averaged 5.48%. It averaged 3.76% in the 1980s, 4.86% in the 1990s, 2.02% in the 2000s, 2.15% during the 2010s, 1.40% 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 Washington County noted in the previous graph with the corresponding decade averages for Wisconsin and the nation. As the chart reveals, Washington County's average annual real total personal income growth registered above Wisconsin's average in the 1970s (5.48% vs. 3.44%), outpaced Wisconsin's average during the 1980s (3.76% vs. 2.07%), outpaced Wisconsin's average throughout the 1990s (4.86% vs. 3.32%), led Wisconsin's average throughout the 2000s (2.02% vs. 1.65%), exceeded Wisconsin's average in the 2010s (2.15% vs. 2.04%), and trailed Wisconsin's average over the 3 year period of the current decade, 2020-2022 (1.40% vs. 1.71%).
Finally, relative to nationwide real total personal income growth trends, Washington County surpassed the nation during the 1970s (5.48% vs. 3.50%), outpaced the nation in the 1980s (3.76% vs. 3.16%), topped the nation over the 1990s (4.86% vs. 3.27%), fell below the nation throughout the 2000s (2.02% vs. 2.06%), lagged the nation throughout the 2010s (2.15% vs. 2.72%), and fell below the nation over 2020-2022 (1.40% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.53
5.48
3.76
4.86
2.02
2.15
1.40
-2.86
 
2.46
3.44
2.07
3.32
1.65
2.04
1.71
-4.16
 
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.

   
 
Washington County:
Total Personal Income, 1969-2022
 
1969
 
250,082
0.189
1,324,376
100.0
N
1.52
1970
 
261,606
0.198
1,323,515
99.9
-0.07
1.48
1971
 
284,343
0.206
1,379,971
104.2
4.27
1.50
1972
 
321,042
0.213
1,506,674
113.8
9.18
1.55
1973
 
364,780
0.225
1,624,493
122.7
7.82
1.58
1974
 
411,923
0.248
1,661,449
125.5
2.27
1.62
1975
 
452,541
0.269
1,684,814
127.2
1.41
1.62
1976
 
519,765
0.283
1,834,486
138.5
8.88
1.70
1977
 
601,244
0.302
1,992,458
150.4
8.61
1.76
1978
 
694,275
0.323
2,151,057
162.4
7.96
1.82
1979
 
789,808
0.351
2,247,412
169.7
4.48
1.85
1980
 
876,921
0.389
2,252,674
170.1
0.23
1.85
1981
 
971,181
0.424
2,289,711
172.9
1.64
1.88
1982
 
1,024,904
0.448
2,289,214
172.9
-0.02
1.88
1983
 
1,091,865
0.467
2,339,243
176.6
2.19
1.91
1984
 
1,220,393
0.484
2,519,443
190.2
7.70
1.94
1985
 
1,292,619
0.501
2,578,637
194.7
2.35
1.95
1986
 
1,388,159
0.512
2,710,242
204.6
5.10
1.99
1987
 
1,506,632
0.528
2,853,362
215.4
5.28
2.05
1988
 
1,649,143
0.549
3,005,820
227.0
5.34
2.10
1989
 
1,854,921
0.573
3,239,414
244.6
7.77
2.17
1990
 
1,976,463
0.598
3,306,504
249.7
2.07
2.19
1991
 
2,106,694
0.618
3,410,325
257.5
3.14
2.24
1992
 
2,304,662
0.634
3,633,967
274.4
6.56
2.27
1993
 
2,517,593
0.650
3,873,220
292.5
6.58
2.36
1994
 
2,737,576
0.664
4,125,589
311.5
6.52
2.42
1995
 
2,906,573
0.678
4,289,891
323.9
3.98
2.44
1996
 
3,097,479
0.692
4,475,932
338.0
4.34
2.46
1997
 
3,335,204
0.704
4,737,035
357.7
5.83
2.49
1998
 
3,573,798
0.710
5,035,859
380.2
6.31
2.50
1999
 
3,745,852
0.720
5,202,500
392.8
3.31
2.52
2000
 
4,034,540
0.738
5,465,227
412.7
5.05
2.55
2001
 
4,299,435
0.753
5,709,589
431.1
4.47
2.58
2002
 
4,415,143
0.763
5,787,240
437.0
1.36
2.58
2003
 
4,476,491
0.779
5,746,901
433.9
-0.70
2.55
2004
 
4,729,004
0.798
5,924,066
447.3
3.08
2.57
2005
 
4,954,984
0.821
6,033,319
455.6
1.84
2.61
2006
 
5,234,770
0.844
6,199,396
468.1
2.75
2.60
2007
 
5,502,191
0.866
6,353,056
479.7
2.48
2.61
2008
 
5,799,831
0.892
6,504,240
491.1
2.38
2.65
2009
 
5,637,397
0.889
6,339,781
478.7
-2.53
2.61
2010
 
5,791,499
0.905
6,398,457
483.1
0.93
2.61
2011
 
6,176,360
0.928
6,655,273
502.5
4.01
2.63
2012
 
6,469,219
0.945
6,843,272
516.7
2.82
2.65
2013
 
6,495,563
0.958
6,781,682
512.1
-0.90
2.64
2014
 
6,636,067
0.971
6,832,783
515.9
0.75
2.60
2015
 
6,966,961
0.973
7,160,362
540.7
4.79
2.62
2016
 
7,115,446
0.983
7,239,679
546.6
1.11
2.63
2017
 
7,517,625
1.000
7,517,625
567.6
3.84
2.67
2018
 
7,848,495
1.020
7,691,059
580.7
2.31
2.65
2019
 
8,103,931
1.035
7,828,902
591.1
1.79
2.63
2020
 
8,454,283
1.046
8,079,785
610.1
3.20
2.59
2021
 
9,147,032
1.090
8,391,695
633.6
3.86
2.58
2022
 
9,459,879
1.160
8,152,046
615.5
-2.86
2.61
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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.

   
 
Wisconsin:
Total Personal Income, 1969-2022
 
1969
 
16,424,603
0.189
86,980,898
100.0
N
2.08
1970
 
17,648,753
0.198
89,288,440
102.7
2.65
2.06
1971
 
18,959,244
0.206
92,012,832
105.8
3.05
2.05
1972
 
20,731,568
0.213
97,294,763
111.9
5.74
2.04
1973
 
23,157,827
0.225
103,129,935
118.6
6.00
2.04
1974
 
25,436,474
0.248
102,595,386
118.0
-0.52
2.04
1975
 
27,871,968
0.269
103,767,565
119.3
1.14
2.05
1976
 
30,609,129
0.283
108,033,491
124.2
4.11
2.05
1977
 
34,210,389
0.302
113,369,529
130.3
4.94
2.07
1978
 
38,209,862
0.323
118,384,750
136.1
4.42
2.06
1979
 
42,797,838
0.351
121,781,971
140.0
2.87
2.06
1980
 
47,299,027
0.389
121,503,871
139.7
-0.23
2.04
1981
 
51,586,511
0.424
121,623,272
139.8
0.10
1.99
1982
 
54,425,987
0.448
121,565,270
139.8
-0.05
1.96
1983
 
57,213,708
0.467
122,576,288
140.9
0.83
1.93
1984
 
62,839,302
0.484
129,728,735
149.1
5.84
1.92
1985
 
66,243,939
0.501
132,149,575
151.9
1.87
1.89
1986
 
69,881,373
0.512
136,436,426
156.9
3.24
1.88
1987
 
73,507,230
0.528
139,212,965
160.1
2.04
1.87
1988
 
78,389,485
0.549
142,877,035
164.3
2.63
1.84
1989
 
85,446,559
0.573
149,222,960
171.6
4.44
1.86
1990
 
90,418,024
0.598
151,263,946
173.9
1.37
1.85
1991
 
94,089,052
0.618
152,311,736
175.1
0.69
1.85
1992
 
101,342,383
0.634
159,795,621
183.7
4.91
1.87
1993
 
106,615,006
0.650
164,023,086
188.6
2.65
1.89
1994
 
113,266,452
0.664
170,695,117
196.2
4.07
1.91
1995
 
119,152,526
0.678
175,860,504
202.2
3.03
1.90
1996
 
125,937,358
0.692
181,982,512
209.2
3.48
1.89
1997
 
133,808,682
0.704
190,050,254
218.5
4.43
1.89
1998
 
143,130,045
0.710
201,685,354
231.9
6.12
1.89
1999
 
148,737,033
0.720
206,576,343
237.5
2.43
1.86
2000
 
158,494,204
0.738
214,697,792
246.8
3.93
1.84
2001
 
166,593,201
0.753
221,233,435
254.3
3.04
1.85
2002
 
171,010,014
0.763
224,154,899
257.7
1.32
1.87
2003
 
175,794,284
0.779
225,683,986
259.5
0.68
1.86
2004
 
183,721,399
0.798
230,149,447
264.6
1.98
1.84
2005
 
189,779,153
0.821
231,080,099
265.7
0.40
1.80
2006
 
201,058,382
0.844
238,107,984
273.7
3.04
1.78
2007
 
210,529,869
0.866
243,086,435
279.5
2.09
1.77
2008
 
219,194,538
0.892
245,816,461
282.6
1.12
1.76
2009
 
216,211,889
0.889
243,150,537
279.5
-1.08
1.79
2010
 
222,260,933
0.905
245,554,205
282.3
0.99
1.77
2011
 
234,631,562
0.928
252,824,837
290.7
2.96
1.76
2012
 
244,508,303
0.945
258,645,887
297.4
2.30
1.76
2013
 
245,762,269
0.958
256,587,704
295.0
-0.80
1.75
2014
 
255,165,329
0.971
262,729,306
302.1
2.39
1.73
2015
 
266,132,029
0.973
273,519,799
314.5
4.11
1.72
2016
 
270,846,626
0.983
275,575,502
316.8
0.75
1.71
2017
 
281,979,549
1.000
281,979,549
324.2
2.32
1.69
2018
 
295,996,804
1.020
290,059,290
333.5
2.87
1.69
2019
 
307,907,603
1.035
297,457,907
342.0
2.55
1.68
2020
 
326,836,532
1.046
312,358,706
359.1
5.01
1.67
2021
 
355,048,009
1.090
325,729,130
374.5
4.28
1.66
2022
 
362,245,267
1.160
312,164,686
358.9
-4.16
1.66
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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 Wisconsin Regional Economic Analysis Project (WI-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.

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