Washington County vs. Maryland
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2016
Introduction
Washington County:
2016 PCI = $43,470
2016 Percent of State = 74.9%
Maryland:
2016 PCI = $58,052
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:
Personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, 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 tranfer receipts, less contributions for government social insurance. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. In computing per capita personal income, BEA uses the Census Bureau's annual midyear population estimates.
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.
Washington County Per Capita Personal Income, 1969-2016
Current vs. Constant Dollars
Washington County Per Capita Personal Income, 1969-2016
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Washington County's annual per capita personal income over 1969-2016 in current and constant (2009) 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 per capita personal income increased 1,091.0%, from $3,650 in 1969 to $43,470 in 2016. When measured in constant 2009 dollars to adjust for inflation, it advanced 129.1%, from $17,125 in 1969 to $39,237 in 2016.
Real Per Capita Personal Income, 1969-2016
Real Per Capita Personal Income, 1969-2016
Figure 2.
Figure 2 tracks Washington County's and Maryland's annual real per capita personal income for the period 1969-2016 to illustrate real per capita personal income patterns over time. During this 48-year period, Washington County's real per capita personal income rose from $17,125 in 1969 to $39,237 in 2016, for a net gain of $22,112, or 129.1%. In comparison, Maryland's real per capita personal income advanced from $20,949 in 1969 to $52,399 in 2016, for a net gain of $31,450, or 150.1%.
Real Per Capita Personal Income Indices (1969=100): 1969-2016
Real Per Capita Personal Income Indices (1969=100): 1969-2016
Figure 3.
Figure 3 shows Washington County's real per capita personal income growth in a broader context by offering direct comparisons across time with Maryland, 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.
Washington County's overall real per capita personal income growth was 129.1% over 1969-2016 trailed Maryland's increase of 150.1%, and fell below the United States' increase of 141.0%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2016
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2016
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Washington County and Maryland per capita personal income as a percent of the national average over 1969-2016.
In 1969, Washington County's per capita personal income amounted to 92.9% of the national average; in 2016, it approximated 88.3%. Similarly, in 1969, Maryland's per capita personal income totaled 113.6% of the national average; in 2016, it consisted of 117.9%.
Washington County Real Per Capita Personal Income:
Annual Percent Change, 1970-2016
Washington County Real Per Capita Personal Income:
Annual Percent Change, 1970-2016
Figure 5.
Figure 5 shows the short-run pattern of Washington County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2016. The average annual percent change for the entire 47-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, Washington County's real per capita personal income grew at an annual rate of 1.80% over 1970-2016. The county recorded its highest growth in 2001 (6.85%) and recorded its lowest growth in 1980 (-3.44%). In 2016, Washington County's real per capita personal income grew by 1.52%
Washington County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2016
Washington County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2016
Figure 6.
Over the past four 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 Washington County's real per capita personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2016.
During the 1970s, Washington County's annual real per capita personal income growth rate averaged 2.45%. It averaged 1.51% throughout the 1980s, 1.40% during the 1990s, 2.21% throughout the 2000s, and 1.28% thus far this decade (2010 to 2016).
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 Washington County noted in the previous graph with the corresponding decade averages for Maryland and the nation. As the chart reveals, Washington County's average annual real per capita personal income growth surpassed Maryland's average throughout the 1970s (2.45% vs. 2.21%), trailed Maryland's average throughout the 1980s (1.51% vs. 2.78%), amounted to less than Maryland's average in the 1990s (1.40% vs. 1.77%), topped Maryland's average during the 2000s (2.21% vs. 1.86%), and surpassed Maryland's average over the 7 year period of the last decade, 2010-2016 (1.28% vs. 1.02%).
Finally, relative to nationwide real per capita personal income growth trends, Washington County topped the nation throughout the 1970s (2.45% vs. 2.34%), lagged the nation throughout the 1980s (1.51% vs. 2.21%), posted below the nation over the 1990s (1.40% vs. 2.05%), outperformed the nation over the 2000s (2.21% vs. 1.12%), and lagged the nation over 2010-2016 (1.28% vs. 1.76%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.80
2.45
1.51
1.40
2.21
1.28
1.52
 
1.99
2.21
2.78
1.77
1.86
1.02
1.99
 
1.91
2.34
2.21
2.05
1.12
1.76
0.44
 
   
   
 
Washington County:
Per Capita Personal Income, 1969-2016
 
1969
 
3,650
0.213
17,125
100.0
N
81.75
92.87
1970
 
3,810
0.223
17,078
99.7
-0.28
78.11
90.81
1971
 
4,109
0.233
17,664
103.1
3.44
78.05
91.97
1972
 
4,495
0.241
18,687
109.1
5.79
79.01
92.63
1973
 
4,901
0.254
19,333
112.9
3.46
78.76
91.57
1974
 
5,454
0.280
19,484
113.8
0.78
80.72
93.65
1975
 
5,942
0.303
19,591
114.4
0.55
81.60
94.13
1976
 
6,381
0.320
19,946
116.5
1.81
80.89
93.08
1977
 
7,066
0.341
20,737
121.1
3.96
83.07
94.29
1978
 
7,830
0.365
21,473
125.4
3.55
83.13
93.91
1979
 
8,649
0.397
21,789
127.2
1.47
83.77
93.89
1980
 
9,249
0.440
21,039
122.9
-3.44
80.55
91.09
1981
 
10,099
0.478
21,113
123.3
0.35
79.77
89.67
1982
 
10,728
0.505
21,251
124.1
0.66
78.55
89.80
1983
 
11,148
0.527
21,173
123.6
-0.37
76.59
88.11
1984
 
12,274
0.546
22,462
131.2
6.09
76.97
88.56
1985
 
12,905
0.566
22,807
133.2
1.54
75.29
87.67
1986
 
13,523
0.578
23,394
136.6
2.57
74.28
87.48
1987
 
14,320
0.597
24,007
140.2
2.62
74.20
88.04
1988
 
15,246
0.620
24,600
143.6
2.47
73.39
87.49
1989
 
16,316
0.646
25,240
147.4
2.60
73.81
87.47
1990
 
16,610
0.674
24,630
143.8
-2.42
72.01
84.78
1991
 
16,739
0.697
24,033
140.3
-2.42
71.01
83.76
1992
 
17,191
0.715
24,045
140.4
0.05
70.20
81.63
1993
 
17,672
0.733
24,116
140.8
0.29
70.03
81.44
1994
 
18,852
0.748
25,202
147.2
4.50
72.16
83.64
1995
 
19,367
0.764
25,364
148.1
0.64
71.73
82.17
1996
 
20,413
0.780
26,177
152.9
3.21
72.83
82.55
1997
 
22,088
0.793
27,845
162.6
6.37
75.30
85.12
1998
 
22,720
0.799
28,422
166.0
2.07
72.50
82.59
1999
 
23,448
0.811
28,909
168.8
1.71
71.08
81.91
2000
 
25,200
0.831
30,314
177.0
4.86
71.01
82.35
2001
 
27,447
0.847
32,391
189.1
6.85
74.13
87.02
2002
 
27,903
0.859
32,493
189.7
0.31
73.83
87.70
2003
 
28,659
0.876
32,726
191.1
0.72
73.35
87.66
2004
 
30,420
0.897
33,912
198.0
3.63
73.21
88.65
2005
 
31,510
0.923
34,153
199.4
0.71
72.77
87.76
2006
 
33,082
0.947
34,923
203.9
2.25
72.18
86.73
2007
 
34,169
0.971
35,189
205.5
0.76
72.14
85.81
2008
 
35,566
1.001
35,543
207.5
1.01
71.96
86.57
2009
 
35,910
1.000
35,910
209.7
1.03
73.52
91.20
2010
 
36,768
1.017
36,170
211.2
0.72
73.71
91.29
2011
 
38,292
1.041
36,767
214.7
1.65
73.51
90.18
2012
 
39,396
1.061
37,124
216.8
0.97
73.86
88.97
2013
 
39,584
1.075
36,811
215.0
-0.84
75.16
88.97
2014
 
40,902
1.092
37,470
218.8
1.79
75.66
87.97
2015
 
42,315
1.095
38,651
225.7
3.15
75.23
87.34
2016
 
43,470
1.108
39,237
229.1
1.52
74.88
88.27
Source: Calculations by the Maryland Regional Economic Analysis Project (MD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2017
REAP_PI_CA1400_700_PSN
 
   
   
 
Maryland:
Per Capita Personal Income, 1969-2016
 
1969
 
4,465
0.213
20,949
100.0
N
113.60
1970
 
4,878
0.223
21,864
104.4
4.37
116.26
1971
 
5,264
0.233
22,632
108.0
3.51
117.83
1972
 
5,690
0.241
23,652
112.9
4.51
117.25
1973
 
6,223
0.254
24,547
117.2
3.78
116.27
1974
 
6,757
0.280
24,138
115.2
-1.67
116.02
1975
 
7,282
0.303
24,009
114.6
-0.54
115.36
1976
 
7,889
0.320
24,658
117.7
2.70
115.07
1977
 
8,507
0.341
24,964
119.2
1.24
113.51
1978
 
9,418
0.365
25,830
123.3
3.47
112.96
1979
 
10,325
0.397
26,010
124.2
0.70
112.08
1980
 
11,481
0.440
26,118
124.7
0.42
113.08
1981
 
12,659
0.478
26,466
126.3
1.33
112.40
1982
 
13,658
0.505
27,056
129.2
2.23
114.32
1983
 
14,555
0.527
27,643
132.0
2.17
115.04
1984
 
15,947
0.546
29,183
139.3
5.57
115.06
1985
 
17,139
0.566
30,291
144.6
3.80
116.45
1986
 
18,204
0.578
31,492
150.3
3.96
117.76
1987
 
19,299
0.597
32,353
154.4
2.73
118.65
1988
 
20,775
0.620
33,522
160.0
3.61
119.21
1989
 
22,103
0.646
34,194
163.2
2.01
118.50
1990
 
23,068
0.674
34,205
163.3
0.03
117.74
1991
 
23,574
0.697
33,846
161.6
-1.05
117.96
1992
 
24,488
0.715
34,252
163.5
1.20
116.28
1993
 
25,235
0.733
34,437
164.4
0.54
116.30
1994
 
26,124
0.748
34,923
166.7
1.41
115.91
1995
 
26,999
0.764
35,360
168.8
1.25
114.56
1996
 
28,027
0.780
35,941
171.6
1.64
113.34
1997
 
29,335
0.793
36,980
176.5
2.89
113.05
1998
 
31,336
0.799
39,201
187.1
6.01
113.91
1999
 
32,990
0.811
40,673
194.2
3.76
115.24
2000
 
35,487
0.831
42,688
203.8
4.95
115.96
2001
 
37,025
0.847
43,695
208.6
2.36
117.39
2002
 
37,792
0.859
44,009
210.1
0.72
118.79
2003
 
39,069
0.876
44,614
213.0
1.37
119.51
2004
 
41,550
0.897
46,319
221.1
3.82
121.08
2005
 
43,302
0.923
46,934
224.0
1.33
120.60
2006
 
45,832
0.947
48,382
231.0
3.09
120.16
2007
 
47,365
0.971
48,779
232.8
0.82
118.94
2008
 
49,428
1.001
49,396
235.8
1.26
120.32
2009
 
48,845
1.000
48,845
233.2
-1.11
124.05
2010
 
49,880
1.017
49,069
234.2
0.46
123.84
2011
 
52,089
1.041
50,014
238.7
1.93
122.68
2012
 
53,341
1.061
50,264
239.9
0.50
120.46
2013
 
52,666
1.075
48,977
233.8
-2.56
118.37
2014
 
54,063
1.092
49,528
236.4
1.12
116.28
2015
 
56,249
1.095
51,378
245.3
3.74
116.10
2016
 
58,052
1.108
52,399
250.1
1.99
117.88
Source: Calculations by the Maryland Regional Economic Analysis Project (MD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2017
REAP_PI_CA1400_700_PSN
 
   
   
 
United States:
Per Capita Personal Income, 1969-2016
 
1969
 
3,930
0.213
18,441
100.0
N
1970
 
4,196
0.223
18,806
102.0
1.98
1971
 
4,468
0.233
19,208
104.2
2.14
1972
 
4,853
0.241
20,173
109.4
5.02
1973
 
5,352
0.254
21,112
114.5
4.66
1974
 
5,824
0.280
20,806
112.8
-1.45
1975
 
6,312
0.303
20,812
112.9
0.03
1976
 
6,856
0.320
21,429
116.2
2.97
1977
 
7,494
0.341
21,993
119.3
2.63
1978
 
8,338
0.365
22,867
124.0
3.97
1979
 
9,212
0.397
23,207
125.8
1.49
1980
 
10,153
0.440
23,096
125.2
-0.48
1981
 
11,262
0.478
23,546
127.7
1.95
1982
 
11,947
0.505
23,666
128.3
0.51
1983
 
12,652
0.527
24,029
130.3
1.53
1984
 
13,860
0.546
25,364
137.5
5.56
1985
 
14,719
0.566
26,013
141.1
2.56
1986
 
15,459
0.578
26,743
145.0
2.81
1987
 
16,265
0.597
27,268
147.9
1.96
1988
 
17,426
0.620
28,119
152.5
3.12
1989
 
18,653
0.646
28,857
156.5
2.62
1990
 
19,591
0.674
29,050
157.5
0.67
1991
 
19,985
0.697
28,692
155.6
-1.23
1992
 
21,060
0.715
29,457
159.7
2.66
1993
 
21,698
0.733
29,610
160.6
0.52
1994
 
22,538
0.748
30,130
163.4
1.75
1995
 
23,568
0.764
30,866
167.4
2.45
1996
 
24,728
0.780
31,711
172.0
2.74
1997
 
25,950
0.793
32,712
177.4
3.16
1998
 
27,510
0.799
34,415
186.6
5.20
1999
 
28,627
0.811
35,294
191.4
2.56
2000
 
30,602
0.831
36,812
199.6
4.30
2001
 
31,540
0.847
37,221
201.8
1.11
2002
 
31,815
0.859
37,049
200.9
-0.46
2003
 
32,692
0.876
37,332
202.4
0.76
2004
 
34,316
0.897
38,255
207.5
2.47
2005
 
35,904
0.923
38,916
211.0
1.73
2006
 
38,144
0.947
40,266
218.4
3.47
2007
 
39,821
0.971
41,010
222.4
1.85
2008
 
41,082
1.001
41,055
222.6
0.11
2009
 
39,376
1.000
39,376
213.5
-4.09
2010
 
40,277
1.017
39,622
214.9
0.62
2011
 
42,461
1.041
40,769
221.1
2.90
2012
 
44,282
1.061
41,728
226.3
2.35
2013
 
44,493
1.075
41,377
224.4
-0.84
2014
 
46,494
1.092
42,594
231.0
2.94
2015
 
48,451
1.095
44,255
240.0
3.90
2016
 
49,246
1.108
44,450
241.0
0.44
Source: Calculations by the Maryland Regional Economic Analysis Project (MD-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2017
REAP_PI_CA1400_700_PN
 
   
Copyright © 2017. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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