Lamoille County vs. Vermont
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Lamoille County vs. Vermont
Lamoille County:
2022 TPI = $1,670,831K
2022 Percent of State = 4.10%
Vermont:
2022 TPI = $40,790,337K
2022 Percent of U.S. = 0.19%
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 Lamoille 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 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.
Lamoille County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Lamoille County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lamoille 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 Lamoille County over time.
When measured in current dollars, Lamoille County's total personal income increased 3,417.98%, from $47M in 1970 to $1,671M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 499.23%, from $240M in 1970 to $1,440M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Lamoille County's and Vermont'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, Lamoille County's real total personal income rose from $229M in 1969 to $1,440M in 2022, for a net gain of $1,211M, or 529.03%. In comparison, Vermont's real total personal income increased from $8,025M in 1969 to $35,151M in 2022, for a net gain of $27,126M, or 338.00%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Lamoille 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.
Lamoille County's overall real total personal income growth was 529.03% over 1969-2022 outpaced Vermont's increase of 338.00%, and outpaced the United States' increase of 348.76%.
Total Personal Income as a Percent of the Vermont Total: 1969-2022
Total Personal Income as a Percent of the Vermont Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Lamoille County is to compare 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, Lamoille County's total personal income totaled 2.85% of Vermont's total personal income, while in 2022 it totaled 4.10% thereby yielding a +1.24% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+1.24%
=
4.10%
-
2.85%
 
   
Lamoille County Real Total Personal Income:
Annual Percent Change, 1970-2022
Lamoille County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Lamoille 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, Lamoille County's real total personal income grew at an annual rate of 3.58% over 1970-2022. The county posted its highest growth in 1975 (14.29%) and recorded its lowest growth in 1974 (-3.19%). In 2022, Lamoille County's real total personal income declined by -2.34%
Lamoille County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Lamoille 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 traces the annual percent change in Lamoille 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, Lamoille County's annual real total personal income growth rate averaged 4.98%. It averaged 4.46% throughout the 1980s, 3.76% during the 1990s, 3.25% in the 2000s, 1.85% during the 2010s, 2.36% 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 Lamoille County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Lamoille County's average annual real total personal income growth registered above Vermont's average during the 1970s (4.98% vs. 3.63%), topped Vermont's average during the 1980s (4.46% vs. 4.24%), topped Vermont's average throughout the 1990s (3.76% vs. 2.77%), topped Vermont's average throughout the 2000s (3.25% vs. 2.28%), outpaced Vermont's average in the 2010s (1.85% vs. 1.73%), and exceeded Vermont's average over the 3 year period of the current decade, 2020-2022 (2.36% vs. 1.54%).
Finally, relative to nationwide real total personal income growth trends, Lamoille County surpassed the nation in the 1970s (4.98% vs. 3.50%), surpassed the nation throughout the 1980s (4.46% vs. 3.16%), topped the nation in the 1990s (3.76% vs. 3.27%), led the nation throughout the 2000s (3.25% vs. 2.06%), trailed the nation throughout the 2010s (1.85% vs. 2.72%), and recorded above the nation over 2020-2022 (2.36% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.58
4.98
4.46
3.76
3.25
1.85
2.36
-2.34
 
2.85
3.63
4.24
2.77
2.28
1.73
1.54
-3.25
 
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.

   
 
Lamoille County:
Total Personal Income, 1969-2022
 
1969
 
43,223
0.189
228,899
100.0
N
2.85
1970
 
47,494
0.198
240,281
105.0
4.97
2.85
1971
 
51,453
0.206
249,711
109.1
3.92
2.85
1972
 
58,947
0.213
276,643
120.9
10.78
2.96
1973
 
64,901
0.225
289,027
126.3
4.48
2.97
1974
 
69,375
0.248
279,817
122.2
-3.19
2.93
1975
 
85,896
0.269
319,792
139.7
14.29
3.31
1976
 
95,578
0.283
337,338
147.4
5.49
3.32
1977
 
103,629
0.302
343,415
150.0
1.80
3.32
1978
 
117,463
0.323
363,933
159.0
5.97
3.29
1979
 
129,503
0.351
368,503
161.0
1.26
3.23
1980
 
144,044
0.389
370,027
161.7
0.41
3.20
1981
 
163,921
0.424
386,469
168.8
4.44
3.24
1982
 
179,675
0.448
401,320
175.3
3.84
3.27
1983
 
190,143
0.467
407,368
178.0
1.51
3.22
1984
 
210,451
0.484
434,466
189.8
6.65
3.25
1985
 
224,016
0.501
446,888
195.2
2.86
3.19
1986
 
242,591
0.512
473,635
206.9
5.99
3.21
1987
 
268,426
0.528
508,363
222.1
7.33
3.28
1988
 
294,081
0.549
536,008
234.2
5.44
3.28
1989
 
325,595
0.573
568,616
248.4
6.08
3.29
1990
 
341,370
0.598
571,092
249.5
0.44
3.32
1991
 
354,652
0.618
574,112
250.8
0.53
3.38
1992
 
385,117
0.634
607,249
265.3
5.77
3.43
1993
 
405,129
0.650
623,275
272.3
2.64
3.47
1994
 
422,395
0.664
636,559
278.1
2.13
3.46
1995
 
447,650
0.678
660,699
288.6
3.79
3.48
1996
 
474,630
0.692
685,852
299.6
3.81
3.50
1997
 
514,380
0.704
730,581
319.2
6.52
3.58
1998
 
557,113
0.710
785,031
343.0
7.45
3.60
1999
 
590,843
0.720
820,604
358.5
4.53
3.62
2000
 
628,043
0.738
850,753
371.7
3.67
3.55
2001
 
724,761
0.753
962,472
420.5
13.13
3.86
2002
 
749,530
0.763
982,462
429.2
2.08
3.90
2003
 
769,033
0.779
987,281
431.3
0.49
3.86
2004
 
812,896
0.798
1,018,322
444.9
3.14
3.86
2005
 
834,576
0.821
1,016,202
444.0
-0.21
3.89
2006
 
908,317
0.844
1,075,695
469.9
5.85
3.98
2007
 
932,525
0.866
1,076,732
470.4
0.10
3.88
2008
 
1,010,317
0.892
1,133,023
495.0
5.23
3.97
2009
 
997,239
0.889
1,121,489
489.9
-1.02
3.95
2010
 
1,006,492
0.905
1,111,974
485.8
-0.85
3.87
2011
 
1,074,375
0.928
1,157,682
505.8
4.11
3.90
2012
 
1,110,664
0.945
1,174,883
513.3
1.49
3.93
2013
 
1,123,653
0.958
1,173,148
512.5
-0.15
3.92
2014
 
1,175,036
0.971
1,209,868
528.6
3.13
3.95
2015
 
1,221,541
0.973
1,255,451
548.5
3.77
3.99
2016
 
1,249,332
0.983
1,271,145
555.3
1.25
4.02
2017
 
1,275,336
1.000
1,275,336
557.2
0.33
3.99
2018
 
1,332,665
1.020
1,305,933
570.5
2.40
4.02
2019
 
1,392,070
1.035
1,344,826
587.5
2.98
4.00
2020
 
1,496,413
1.046
1,430,127
624.8
6.34
4.01
2021
 
1,607,033
1.090
1,474,329
644.1
3.09
4.06
2022
 
1,670,831
1.160
1,439,838
629.0
-2.34
4.10
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 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.

   
 
Vermont:
Total Personal Income, 1969-2022
 
1969
 
1,515,435
0.189
8,025,393
100.0
N
0.19
1970
 
1,663,931
0.198
8,418,147
104.9
4.89
0.19
1971
 
1,802,291
0.206
8,746,862
109.0
3.90
0.19
1972
 
1,989,067
0.213
9,334,837
116.3
6.72
0.20
1973
 
2,183,882
0.225
9,725,593
121.2
4.19
0.19
1974
 
2,364,027
0.248
9,535,058
118.8
-1.96
0.19
1975
 
2,591,785
0.269
9,649,237
120.2
1.20
0.19
1976
 
2,876,016
0.283
10,150,764
126.5
5.20
0.19
1977
 
3,120,096
0.302
10,339,661
128.8
1.86
0.19
1978
 
3,573,412
0.323
11,071,421
138.0
7.08
0.19
1979
 
4,014,867
0.351
11,424,372
142.4
3.19
0.19
1980
 
4,506,540
0.389
11,576,603
144.2
1.33
0.19
1981
 
5,061,344
0.424
11,932,911
148.7
3.08
0.20
1982
 
5,491,146
0.448
12,264,962
152.8
2.78
0.20
1983
 
5,906,012
0.467
12,653,209
157.7
3.17
0.20
1984
 
6,480,322
0.484
13,378,315
166.7
5.73
0.20
1985
 
7,031,154
0.501
14,026,400
174.8
4.84
0.20
1986
 
7,564,819
0.512
14,769,556
184.0
5.30
0.20
1987
 
8,173,313
0.528
15,479,173
192.9
4.80
0.21
1988
 
8,965,124
0.549
16,340,334
203.6
5.56
0.21
1989
 
9,903,085
0.573
17,294,642
215.5
5.84
0.22
1990
 
10,293,914
0.598
17,221,102
214.6
-0.43
0.21
1991
 
10,507,320
0.618
17,009,292
211.9
-1.23
0.21
1992
 
11,227,015
0.634
17,702,641
220.6
4.08
0.21
1993
 
11,661,131
0.650
17,940,202
223.5
1.34
0.21
1994
 
12,223,050
0.664
18,420,414
229.5
2.68
0.21
1995
 
12,862,199
0.678
18,983,675
236.5
3.06
0.20
1996
 
13,545,648
0.692
19,573,787
243.9
3.11
0.20
1997
 
14,358,996
0.704
20,394,273
254.1
4.19
0.20
1998
 
15,458,643
0.710
21,782,861
271.4
6.81
0.20
1999
 
16,326,189
0.720
22,674,948
282.5
4.10
0.20
2000
 
17,680,211
0.738
23,949,786
298.4
5.62
0.21
2001
 
18,797,433
0.753
24,962,727
311.0
4.23
0.21
2002
 
19,198,107
0.763
25,164,314
313.6
0.81
0.21
2003
 
19,945,829
0.779
25,606,374
319.1
1.76
0.21
2004
 
21,049,089
0.798
26,368,383
328.6
2.98
0.21
2005
 
21,477,398
0.821
26,151,446
325.9
-0.82
0.20
2006
 
22,803,466
0.844
27,005,526
336.5
3.27
0.20
2007
 
24,062,984
0.866
27,784,110
346.2
2.88
0.20
2008
 
25,449,395
0.892
28,540,311
355.6
2.72
0.20
2009
 
25,216,382
0.889
28,358,185
353.4
-0.64
0.21
2010
 
25,988,718
0.905
28,712,374
357.8
1.25
0.21
2011
 
27,547,769
0.928
29,683,816
369.9
3.38
0.21
2012
 
28,291,866
0.945
29,927,715
372.9
0.82
0.20
2013
 
28,665,970
0.958
29,928,660
372.9
0.00
0.20
2014
 
29,724,479
0.971
30,605,615
381.4
2.26
0.20
2015
 
30,597,984
0.973
31,447,378
391.8
2.75
0.20
2016
 
31,073,264
0.983
31,615,791
393.9
0.54
0.20
2017
 
31,960,192
1.000
31,960,192
398.2
1.09
0.19
2018
 
33,117,074
1.020
32,452,766
404.4
1.54
0.19
2019
 
34,824,056
1.035
33,642,205
419.2
3.67
0.19
2020
 
37,273,845
1.046
35,622,731
443.9
5.89
0.19
2021
 
39,603,541
1.090
36,333,191
452.7
1.99
0.19
2022
 
40,790,337
1.160
35,151,053
438.0
-3.25
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 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 Vermont Regional Economic Analysis Project (VT-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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