Grand Isle County vs. Vermont
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2018
Introduction
Grand Isle County:
2018 TPI = $419,759K
2018 Percent of State = 1.2%
Vermont:
2018 TPI = $33,928,572K
2018 Percent of State = 0.2%
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 Isle County and Vermont 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 Chain-Weight 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 Isle County Total Personal Income, 1969-2018
Current vs. Constant Dollars (Millions)
Grand Isle County Total Personal Income, 1969-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Grand Isle County's annual total personal income over 1969-2018 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 Grand Isle County over time.
When measured in current dollars, Grand Isle County's total personal income increased 3,280.5%, from $12M in 1969 to $420M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 525.7%, from $62M in 1969 to $388M in 2018.
Real Total Personal Income, 1969-2018 (Millions)
Real Total Personal Income, 1969-2018 (Millions)
Figure 2.
Figure 2 traces Grand Isle County's and Vermont's annual real total personal income for the period 1969-2018 to illustrate real total personal income patterns over time. During this 50-year period, Grand Isle County's real total personal income rose from $62M in 1969 to $388M in 2018, for a net gain of $326M, or 525.7%. In comparison, Vermont's real total personal income increased from $7,571M in 1969 to $31,374M in 2018, for a net gain of $23,802M, or 314.4%.
Real Total Personal Income Indices (1969=100): 1969-2018
Real Total Personal Income Indices (1969=100): 1969-2018
Figure 3.
Figure 3 shows Grand Isle County's real total personal income growth in a broader context by offering direct comparisons across time with Vermont, 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 Isle County's overall real total personal income growth was 525.7% over 1969-2018 outpaced Vermont's increase of 314.4%, and topped the United States' increase of 316.7%.
Total Personal Income as a Percent of the Vermont Total: 1969-2018
Total Personal Income as a Percent of the Vermont Total: 1969-2018
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Grand Isle County is to trace its individual percentage contributions to Vermont'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 Vermont's total personal income, while a declining share shows it grew more slowly.
In 1969, Grand Isle County's total personal income comprised 0.82% of Vermont's total personal income, while in 2018 it totaled 1.24% thereby yielding a +0.42% share-shift.
   
 
Total Personal Income Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
+0.42%
=
1.24%
-
0.82%
 
   
Grand Isle County Real Total Personal Income:
Annual Percent Change, 1970-2018
Grand Isle County Real Total Personal Income:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 highlights the short-run pattern of Grand Isle County's real total personal income growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-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, Grand Isle County's real total personal income grew at an annual rate of 3.87% over 1970-2018. The county recorded its highest growth in 1989 (11.69%) and posted its lowest growth in 1974 (-3.05%). In 2018, Grand Isle County's real total personal income grew by 2.82%
Grand Isle County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
Grand Isle County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
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 traces the annual percent change in Grand Isle 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, and 2010-2018.
During the 1970s, Grand Isle County's annual real total personal income growth rate averaged 3.45%. It averaged 6.45% during the 1980s, 4.06% throughout the 1990s, 3.45% in the 2000s, and 1.72% thus far this decade (2010 to 2018).
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 Isle County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Grand Isle County's average annual real total personal income growth posted below Vermont's average during the 1970s (3.45% vs. 3.63%), exceeded Vermont's average throughout the 1980s (6.45% vs. 4.26%), outperformed Vermont's average in the 1990s (4.06% vs. 2.80%), surpassed Vermont's average in the 2000s (3.45% vs. 2.24%), and trailed Vermont's average over the 9 year period of the last decade, 2010-2018 (1.72% vs. 1.80%).
Finally, relative to nationwide real total personal income growth trends, Grand Isle County posted below the nation over the 1970s (3.45% vs. 3.50%), registered above the nation in the 1980s (6.45% vs. 3.17%), led the nation over the 1990s (4.06% vs. 3.29%), surpassed the nation over the 2000s (3.45% vs. 2.05%), and trailed the nation over 2010-2018 (1.72% vs. 2.84%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.87
3.45
6.45
4.06
3.45
1.72
2.82
 
2.97
3.63
4.26
2.80
2.24
1.80
2.38
 
2.97
3.50
3.17
3.29
2.05
2.84
3.43
 
   

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

   
 
Grand Isle County:
Total Personal Income, 1969-2018
 
1969
 
12,417
0.200
62,038
100.0
N
0.82
1970
 
12,913
0.210
61,634
99.3
-0.65
0.78
1971
 
13,819
0.218
63,271
102.0
2.66
0.77
1972
 
15,624
0.226
69,176
111.5
9.33
0.79
1973
 
17,037
0.238
71,578
115.4
3.47
0.78
1974
 
18,237
0.263
69,395
111.9
-3.05
0.77
1975
 
20,382
0.285
71,591
115.4
3.16
0.79
1976
 
22,576
0.300
75,173
121.2
5.00
0.78
1977
 
24,115
0.320
75,392
121.5
0.29
0.77
1978
 
28,086
0.342
82,096
132.3
8.89
0.79
1979
 
32,236
0.373
86,537
139.5
5.41
0.80
1980
 
38,091
0.413
92,315
148.8
6.68
0.85
1981
 
43,375
0.450
96,479
155.5
4.51
0.86
1982
 
47,555
0.475
100,209
161.5
3.87
0.86
1983
 
51,478
0.495
104,051
167.7
3.83
0.87
1984
 
57,189
0.513
111,386
179.5
7.05
0.88
1985
 
64,963
0.531
122,263
197.1
9.76
0.92
1986
 
71,525
0.543
131,746
212.4
7.76
0.94
1987
 
78,164
0.560
139,668
225.1
6.01
0.95
1988
 
83,964
0.582
144,390
232.7
3.38
0.94
1989
 
97,876
0.607
161,272
260.0
11.69
0.99
1990
 
100,500
0.634
158,630
255.7
-1.64
0.98
1991
 
101,990
0.655
155,774
251.1
-1.80
0.97
1992
 
110,176
0.672
163,908
264.2
5.22
0.98
1993
 
114,310
0.689
165,926
267.5
1.23
0.98
1994
 
121,233
0.703
172,377
277.9
3.89
0.99
1995
 
128,154
0.718
178,460
287.7
3.53
0.99
1996
 
140,365
0.733
191,374
308.5
7.24
1.03
1997
 
152,604
0.746
204,500
329.6
6.86
1.06
1998
 
161,987
0.752
215,362
347.1
5.31
1.05
1999
 
182,059
0.763
238,491
384.4
10.74
1.11
2000
 
203,934
0.782
260,668
420.2
9.30
1.15
2001
 
218,571
0.797
274,111
441.8
5.16
1.16
2002
 
225,431
0.808
279,037
449.8
1.80
1.17
2003
 
239,664
0.824
291,003
469.1
4.29
1.20
2004
 
258,216
0.844
305,903
493.1
5.12
1.22
2005
 
267,823
0.868
308,509
497.3
0.85
1.23
2006
 
278,626
0.892
312,452
503.6
1.28
1.21
2007
 
299,018
0.914
327,017
527.1
4.66
1.23
2008
 
309,596
0.942
328,728
529.9
0.52
1.21
2009
 
313,904
0.941
333,607
537.7
1.48
1.25
2010
 
324,185
0.957
338,734
546.0
1.54
1.25
2011
 
326,847
0.981
333,072
536.9
-1.67
1.19
2012
 
352,069
1.000
352,069
567.5
5.70
1.24
2013
 
350,550
1.013
345,894
557.5
-1.75
1.22
2014
 
364,225
1.028
354,201
570.9
2.40
1.22
2015
 
370,286
1.030
359,344
579.2
1.45
1.19
2016
 
386,735
1.041
371,535
598.9
3.39
1.22
2017
 
399,886
1.059
377,504
608.5
1.61
1.23
2018
 
419,759
1.081
388,152
625.7
2.82
1.24
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
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.

   
 
Vermont:
Total Personal Income, 1969-2018
 
1969
 
1,515,435
0.200
7,571,496
100.0
N
0.19
1970
 
1,663,931
0.210
7,942,012
104.9
4.89
0.19
1971
 
1,802,291
0.218
8,251,870
109.0
3.90
0.19
1972
 
1,989,067
0.226
8,806,637
116.3
6.72
0.20
1973
 
2,183,882
0.238
9,175,204
121.2
4.19
0.19
1974
 
2,364,027
0.263
8,995,537
118.8
-1.96
0.19
1975
 
2,591,785
0.285
9,103,565
120.2
1.20
0.19
1976
 
2,876,016
0.300
9,576,505
126.5
5.20
0.19
1977
 
3,120,096
0.320
9,754,568
128.8
1.86
0.19
1978
 
3,573,412
0.342
10,445,214
138.0
7.08
0.19
1979
 
4,015,134
0.373
10,778,594
142.4
3.19
0.19
1980
 
4,505,299
0.413
10,918,761
144.2
1.30
0.19
1981
 
5,069,132
0.450
11,275,261
148.9
3.27
0.20
1982
 
5,502,286
0.475
11,594,500
153.1
2.83
0.20
1983
 
5,907,740
0.495
11,941,100
157.7
2.99
0.20
1984
 
6,496,255
0.513
12,652,660
167.1
5.96
0.20
1985
 
7,040,967
0.531
13,251,340
175.0
4.73
0.20
1986
 
7,574,217
0.543
13,951,404
184.3
5.28
0.20
1987
 
8,217,480
0.560
14,683,511
193.9
5.25
0.21
1988
 
8,976,787
0.582
15,437,029
203.9
5.13
0.21
1989
 
9,917,053
0.607
16,340,506
215.8
5.85
0.22
1990
 
10,298,043
0.634
16,254,507
214.7
-0.53
0.21
1991
 
10,499,432
0.655
16,036,278
211.8
-1.34
0.21
1992
 
11,241,667
0.672
16,724,191
220.9
4.29
0.21
1993
 
11,680,869
0.689
16,955,334
223.9
1.38
0.21
1994
 
12,247,126
0.703
17,413,801
230.0
2.70
0.21
1995
 
12,890,172
0.718
17,950,136
237.1
3.08
0.21
1996
 
13,585,552
0.733
18,522,553
244.6
3.19
0.20
1997
 
14,333,084
0.746
19,207,328
253.7
3.70
0.20
1998
 
15,410,745
0.752
20,488,653
270.6
6.67
0.20
1999
 
16,394,183
0.763
21,475,783
283.6
4.82
0.20
2000
 
17,745,584
0.782
22,682,411
299.6
5.62
0.21
2001
 
18,821,934
0.797
23,604,723
311.8
4.07
0.21
2002
 
19,226,811
0.808
23,798,798
314.3
0.82
0.21
2003
 
19,983,748
0.824
24,264,489
320.5
1.96
0.21
2004
 
21,147,342
0.844
25,052,827
330.9
3.25
0.21
2005
 
21,726,842
0.868
25,027,464
330.5
-0.10
0.21
2006
 
23,108,837
0.892
25,914,321
342.3
3.54
0.20
2007
 
24,319,664
0.914
26,596,890
351.3
2.63
0.20
2008
 
25,530,398
0.942
27,108,089
358.0
1.92
0.21
2009
 
25,164,294
0.941
26,743,782
353.2
-1.34
0.21
2010
 
25,939,055
0.957
27,103,135
358.0
1.34
0.21
2011
 
27,455,225
0.981
27,978,136
369.5
3.23
0.21
2012
 
28,395,737
1.000
28,395,737
375.0
1.49
0.20
2013
 
28,768,741
1.013
28,386,657
374.9
-0.03
0.20
2014
 
29,886,705
1.028
29,064,188
383.9
2.39
0.20
2015
 
30,998,720
1.030
30,082,702
397.3
3.50
0.20
2016
 
31,678,529
1.041
30,433,495
401.9
1.17
0.20
2017
 
32,460,613
1.059
30,643,745
404.7
0.69
0.19
2018
 
33,928,572
1.081
31,373,803
414.4
2.38
0.19
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
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, 1969-2018
 
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
 
15,709,242,000
1.030
15,245,030,812
385.6
4.63
2016
 
16,111,636,000
1.041
15,478,414,080
391.5
1.53
2017
 
16,870,106,000
1.059
15,925,861,662
402.9
2.89
2018
 
17,813,035,000
1.081
16,471,741,121
416.7
3.43
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_300_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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