Windham County vs. Vermont
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Windham County vs. Vermont
Windham County:
2022 TPI = $2,609,471K
2022 Percent of State = 6.40%
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 Windham 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.
Windham County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Windham County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Windham 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 Windham County over time.
When measured in current dollars, Windham County's total personal income increased 1,953.26%, from $127M in 1970 to $2,609M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 249.74%, from $643M in 1970 to $2,249M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Windham 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, Windham County's real total personal income rose from $606M in 1969 to $2,249M in 2022, for a net gain of $1,643M, or 271.27%. In comparison, Vermont's real total personal income increased from $8,025M in 1969 to $35,151M in 2022, for a net advance 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 Windham 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.
Windham County's overall real total personal income growth was 271.27% over 1969-2022 trailed Vermont's increase of 338.00%, and fell below 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 highlighting the total personal income growth of Windham 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, Windham County's total personal income totaled 7.55% of Vermont's total personal income, while in 2022 it totaled 6.40% thereby yielding a -1.15% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-1.15%
=
6.40%
-
7.55%
 
   
Windham County Real Total Personal Income:
Annual Percent Change, 1970-2022
Windham County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Windham 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, Windham County's real total personal income grew at an annual rate of 2.55% over 1970-2022. The county posted its highest growth in 2020 (9.53%) and posted its lowest growth in 2022 (-4.41%). In 2022, Windham County's real total personal income declined by -4.41%
Windham County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Windham 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 shows the annual percent change in Windham 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, Windham County's annual real total personal income growth rate averaged 3.64%. It averaged 4.47% in the 1980s, 2.28% throughout the 1990s, 1.55% throughout the 2000s, 0.96% during the 2010s, 2.07% 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 Windham County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Windham County's average annual real total personal income growth outpaced Vermont's average throughout the 1970s (3.64% vs. 3.63%), surpassed Vermont's average in the 1980s (4.47% vs. 4.24%), trailed Vermont's average during the 1990s (2.28% vs. 2.77%), recorded under Vermont's average throughout the 2000s (1.55% vs. 2.28%), amounted to less than Vermont's average during the 2010s (0.96% vs. 1.73%), and exceeded Vermont's average over the 3 year period of the current decade, 2020-2022 (2.07% vs. 1.54%).
Finally, relative to nationwide real total personal income growth trends, Windham County surpassed the nation during the 1970s (3.64% vs. 3.50%), outpaced the nation during the 1980s (4.47% vs. 3.16%), posted below the nation over the 1990s (2.28% vs. 3.27%), trailed the nation in the 2000s (1.55% vs. 2.06%), fell under the nation over the 2010s (0.96% vs. 2.72%), and fell under the nation over 2020-2022 (2.07% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.55
3.64
4.47
2.28
1.55
0.96
2.07
-4.41
 
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.

   
 
Windham County:
Total Personal Income, 1969-2022
 
1969
 
114,371
0.189
605,682
100.0
N
7.55
1970
 
127,089
0.198
642,968
106.2
6.16
7.64
1971
 
141,136
0.206
684,960
113.1
6.53
7.83
1972
 
152,797
0.213
717,087
118.4
4.69
7.68
1973
 
165,927
0.225
738,931
122.0
3.05
7.60
1974
 
179,991
0.248
725,975
119.9
-1.75
7.61
1975
 
192,639
0.269
717,197
118.4
-1.21
7.43
1976
 
214,506
0.283
757,089
125.0
5.56
7.46
1977
 
235,903
0.302
781,757
129.1
3.26
7.56
1978
 
269,678
0.323
835,537
137.9
6.88
7.55
1979
 
303,152
0.351
862,624
142.4
3.24
7.55
1980
 
338,377
0.389
869,238
143.5
0.77
7.51
1981
 
382,071
0.424
900,792
148.7
3.63
7.55
1982
 
411,155
0.448
918,351
151.6
1.95
7.49
1983
 
459,856
0.467
985,209
162.7
7.28
7.79
1984
 
503,151
0.484
1,038,731
171.5
5.43
7.76
1985
 
548,894
0.501
1,094,985
180.8
5.42
7.81
1986
 
595,356
0.512
1,162,373
191.9
6.15
7.87
1987
 
644,135
0.528
1,219,906
201.4
4.95
7.88
1988
 
695,421
0.549
1,267,513
209.3
3.90
7.76
1989
 
763,422
0.573
1,333,232
220.1
5.18
7.71
1990
 
776,718
0.598
1,299,403
214.5
-2.54
7.55
1991
 
786,617
0.618
1,273,379
210.2
-2.00
7.49
1992
 
855,606
0.634
1,349,111
222.7
5.95
7.62
1993
 
889,820
0.650
1,368,954
226.0
1.47
7.63
1994
 
933,722
0.664
1,407,140
232.3
2.79
7.64
1995
 
982,231
0.678
1,449,702
239.4
3.02
7.64
1996
 
1,015,307
0.692
1,467,143
242.2
1.20
7.50
1997
 
1,066,047
0.704
1,514,121
250.0
3.20
7.42
1998
 
1,151,860
0.710
1,623,092
268.0
7.20
7.45
1999
 
1,197,534
0.720
1,663,219
274.6
2.47
7.34
2000
 
1,294,241
0.738
1,753,191
289.5
5.41
7.32
2001
 
1,344,233
0.753
1,785,123
294.7
1.82
7.15
2002
 
1,389,275
0.763
1,821,021
300.7
2.01
7.24
2003
 
1,405,297
0.779
1,804,115
297.9
-0.93
7.05
2004
 
1,481,524
0.798
1,855,918
306.4
2.87
7.04
2005
 
1,479,178
0.821
1,801,086
297.4
-2.95
6.89
2006
 
1,573,414
0.844
1,863,351
307.6
3.46
6.90
2007
 
1,658,749
0.866
1,915,260
316.2
2.79
6.89
2008
 
1,743,097
0.892
1,954,802
322.7
2.06
6.85
2009
 
1,720,098
0.889
1,934,411
319.4
-1.04
6.82
2010
 
1,791,710
0.905
1,979,484
326.8
2.33
6.89
2011
 
1,863,249
0.928
2,007,725
331.5
1.43
6.76
2012
 
1,885,489
0.945
1,994,509
329.3
-0.66
6.66
2013
 
1,888,066
0.958
1,971,232
325.5
-1.17
6.59
2014
 
1,972,121
0.971
2,030,581
335.3
3.01
6.63
2015
 
2,066,207
0.973
2,123,564
350.6
4.58
6.75
2016
 
2,024,994
0.983
2,060,350
340.2
-2.98
6.52
2017
 
2,063,966
1.000
2,063,966
340.8
0.18
6.46
2018
 
2,122,543
1.020
2,079,966
343.4
0.78
6.41
2019
 
2,199,092
1.035
2,124,460
350.8
2.14
6.31
2020
 
2,434,682
1.046
2,326,833
384.2
9.53
6.53
2021
 
2,564,262
1.090
2,352,512
388.4
1.10
6.47
2022
 
2,609,471
1.160
2,248,710
371.3
-4.41
6.40
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 © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, VT-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.