Riverside County vs. California
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2017
Introduction
Riverside County:
2017 TPI = $95,140,992K
2017 Percent of State = 4.0%
California:
2017 TPI = $2,364,129,404K
2017 Percent of State = 14.1%
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 Riverside County and California 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 that is received by all 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 transfer receipts, less contributions for government social insurance. The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients.
Riverside County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Riverside County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Riverside County's annual total personal income over 1969-2017 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 Riverside County over time.
When measured in current dollars, Riverside County's total personal income increased 5,008.8%, from $1,862M in 1969 to $95,141M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 864.0%, from $9,305M in 1969 to $89,694M in 2017.
Real Total Personal Income, 1969-2017 (Millions)
Real Total Personal Income, 1969-2017 (Millions)
Figure 2.
Figure 2 traces Riverside County's and California's annual real total personal income for the period 1969-2017 to illustrate real total personal income patterns over time. During this 49-year period, Riverside County's real total personal income rose from $9,305M in 1969 to $89,694M in 2017, for a net gain of $80,389M, or 864.0%. In comparison, California's real total personal income increased from $460,524M in 1969 to $2,228,776M in 2017, for a net gain of $1,768,252M, or 384.0%.
Real Total Personal Income Indices (1969=100): 1969-2017
Real Total Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Riverside County's real total personal income growth in a broader context by offering direct comparisons across time with California, 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.
Riverside County's overall real total personal income growth was 864.0% over 1969-2017 outpaced California's increase of 384.0%, and outpaced the United States' increase of 301.2%.
Total Personal Income as a Percent of the California Total: 1969-2017
Total Personal Income as a Percent of the California Total: 1969-2017
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Riverside County is to trace its individual percentage contributions to California'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 California's total personal income, while a declining share shows it grew more slowly.
In 1969, Riverside County's total personal income totaled 2.0% of California's total personal income, while in 2017 it equated to 4.0% thereby yielding a +2.0% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+2.00%
=
4.02%
-
2.02%
 
   
Riverside County Real Total Personal Income:
Annual Percent Change, 1970-2017
Riverside County Real Total Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of Riverside County's real total personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Riverside County's real total personal income grew at an annual rate of 4.87% over 1970-2017. The county recorded its highest growth in 1984 (10.01%) and recorded its lowest growth in 2009 (-1.94%). In 2017, Riverside County's real total personal income grew by 3.57%
Riverside County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Riverside County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
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 traces the annual percent change in Riverside 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 2010-2017.
During the 1970s, Riverside County's annual real total personal income growth rate averaged 6.01%. It averaged 7.15% in the 1980s, 3.29% during the 1990s, 4.34% during the 2000s, and 3.26% thus far this decade (2010 to 2017).
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 Riverside County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Riverside County's average annual real total personal income growth exceeded California's average during the 1970s (6.01% vs. 3.85%), surpassed California's average in the 1980s (7.15% vs. 3.98%), surpassed California's average in the 1990s (3.29% vs. 3.07%), outpaced California's average in the 2000s (4.34% vs. 2.18%), and lagged California's average over the 8 year period of the last decade, 2010-2017 (3.26% vs. 3.83%).
Finally, relative to nationwide real total personal income growth trends, Riverside County outgained the nation throughout the 1970s (6.01% vs. 3.48%), exceeded the nation in the 1980s (7.15% vs. 3.18%), recorded above the nation in the 1990s (3.29% vs. 3.28%), surpassed the nation during the 2000s (4.34% vs. 2.07%), and led the nation over 2010-2017 (3.26% vs. 2.72%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.87
6.01
7.15
3.29
4.34
3.26
3.57
 
3.36
3.85
3.98
3.07
2.18
3.83
2.82
 
2.95
3.48
3.18
3.28
2.07
2.72
2.56
 
   

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

   
 
Riverside County:
Total Personal Income, 1969-2017
 
1969
 
1,862,314
0.200
9,304,592
100.0
N
2.02
1970
 
2,083,879
0.210
9,946,442
106.9
6.90
2.10
1971
 
2,279,743
0.218
10,437,906
112.2
4.94
2.15
1972
 
2,547,763
0.226
11,280,275
121.2
8.07
2.19
1973
 
2,867,624
0.238
12,047,828
129.5
6.80
2.25
1974
 
3,213,864
0.263
12,229,315
131.4
1.51
2.26
1975
 
3,649,027
0.285
12,817,095
137.8
4.81
2.32
1976
 
4,141,457
0.300
13,790,147
148.2
7.59
2.37
1977
 
4,693,532
0.320
14,673,707
157.7
6.41
2.42
1978
 
5,479,097
0.342
16,015,600
172.1
9.14
2.48
1979
 
6,200,746
0.373
16,645,851
178.9
3.94
2.48
1980
 
7,158,363
0.413
17,348,560
186.5
4.22
2.52
1981
 
8,236,348
0.450
18,320,094
196.9
5.60
2.58
1982
 
8,927,851
0.475
18,812,902
202.2
2.69
2.62
1983
 
9,866,164
0.495
19,942,119
214.3
6.00
2.68
1984
 
11,263,933
0.513
21,938,595
235.8
10.01
2.75
1985
 
12,589,028
0.531
23,692,980
254.6
8.00
2.84
1986
 
14,101,048
0.543
25,973,564
279.1
9.63
2.96
1987
 
15,658,451
0.560
27,979,506
300.7
7.72
3.05
1988
 
17,706,276
0.582
30,448,790
327.2
8.83
3.17
1989
 
20,114,953
0.607
33,143,768
356.2
8.85
3.35
1990
 
22,303,470
0.634
35,203,962
378.4
6.22
3.46
1991
 
22,987,704
0.655
35,110,204
377.3
-0.27
3.46
1992
 
24,125,370
0.672
35,891,234
385.7
2.22
3.44
1993
 
24,933,810
0.689
36,192,606
389.0
0.84
3.47
1994
 
25,698,131
0.703
36,539,359
392.7
0.96
3.47
1995
 
26,755,598
0.718
37,258,356
400.4
1.97
3.43
1996
 
28,217,586
0.733
38,471,881
413.5
3.26
3.40
1997
 
29,978,991
0.746
40,173,929
431.8
4.42
3.40
1998
 
32,842,049
0.752
43,663,647
469.3
8.69
3.43
1999
 
34,852,679
0.763
45,655,740
490.7
4.56
3.41
2000
 
37,761,428
0.782
48,266,668
518.7
5.72
3.36
2001
 
41,470,507
0.797
52,008,461
559.0
7.75
3.53
2002
 
43,908,109
0.808
54,349,118
584.1
4.50
3.68
2003
 
47,807,838
0.824
58,048,809
623.9
6.81
3.83
2004
 
52,090,326
0.844
61,710,353
663.2
6.31
3.92
2005
 
56,890,141
0.868
65,532,577
704.3
6.19
4.04
2006
 
62,418,784
0.892
69,996,618
752.3
6.81
4.11
2007
 
65,610,952
0.914
71,754,579
771.2
2.51
4.14
2008
 
66,723,925
0.942
70,847,234
761.4
-1.26
4.15
2009
 
65,369,622
0.941
69,472,678
746.6
-1.94
4.21
2010
 
67,568,045
0.957
70,600,329
758.8
1.62
4.15
2011
 
71,949,357
0.981
73,319,702
788.0
3.85
4.14
2012
 
74,075,529
1.000
74,075,529
796.1
1.03
4.00
2013
 
76,493,787
1.013
75,477,855
811.2
1.89
4.06
2014
 
80,637,967
1.029
78,389,749
842.5
3.86
3.99
2015
 
86,092,487
1.031
83,482,814
897.2
6.50
3.96
2016
 
90,273,976
1.042
86,606,203
930.8
3.74
4.00
2017
 
95,140,992
1.061
89,693,883
964.0
3.57
4.02
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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.

   
 
California:
Total Personal Income, 1969-2017
 
1969
 
92,173,937
0.200
460,524,292
100.0
N
11.65
1970
 
99,440,680
0.210
474,634,528
103.1
3.06
11.63
1971
 
106,005,497
0.218
485,350,932
105.4
2.26
11.47
1972
 
116,355,563
0.226
515,166,754
111.9
6.14
11.46
1973
 
127,636,686
0.238
536,243,534
116.4
4.09
11.28
1974
 
142,322,040
0.263
541,560,274
117.6
0.99
11.46
1975
 
157,355,533
0.285
552,706,473
120.0
2.06
11.57
1976
 
174,492,789
0.300
581,022,872
126.2
5.12
11.70
1977
 
193,587,811
0.320
605,226,696
131.4
4.17
11.75
1978
 
220,523,113
0.342
644,597,097
140.0
6.51
11.91
1979
 
250,027,116
0.373
671,195,716
145.7
4.13
12.09
1980
 
283,852,405
0.413
687,926,918
149.4
2.49
12.30
1981
 
318,833,657
0.450
709,181,140
154.0
3.09
12.34
1982
 
340,836,724
0.475
718,216,293
156.0
1.27
12.31
1983
 
368,675,480
0.495
745,190,363
161.8
3.76
12.46
1984
 
409,989,187
0.513
798,529,862
173.4
7.16
12.54
1985
 
443,346,410
0.531
834,393,063
181.2
4.49
12.66
1986
 
476,271,961
0.543
877,273,828
190.5
5.14
12.83
1987
 
513,636,748
0.560
917,798,492
199.3
4.62
13.03
1988
 
558,066,083
0.582
959,684,413
208.4
4.56
13.10
1989
 
601,183,746
0.607
990,581,226
215.1
3.22
13.06
1990
 
643,954,932
0.634
1,016,423,222
220.7
2.61
13.17
1991
 
665,001,713
0.655
1,015,688,472
220.6
-0.07
13.15
1992
 
701,387,002
0.672
1,043,451,162
226.6
2.73
12.98
1993
 
718,212,128
0.689
1,042,518,911
226.4
-0.09
12.73
1994
 
740,997,699
0.703
1,053,601,165
228.8
1.06
12.50
1995
 
779,582,479
0.718
1,085,603,151
235.7
3.04
12.42
1996
 
828,822,422
0.733
1,130,017,209
245.4
4.09
12.44
1997
 
881,903,762
0.746
1,181,812,259
256.6
4.58
12.46
1998
 
957,671,894
0.752
1,273,228,959
276.5
7.74
12.62
1999
 
1,020,864,222
0.763
1,337,294,954
290.4
5.03
12.78
2000
 
1,124,844,038
0.782
1,437,775,980
312.2
7.51
13.03
2001
 
1,175,177,709
0.797
1,473,798,827
320.0
2.51
13.05
2002
 
1,193,779,435
0.808
1,477,650,961
320.9
0.26
13.04
2003
 
1,249,800,288
0.824
1,517,521,416
329.5
2.70
13.18
2004
 
1,329,225,078
0.844
1,574,705,996
341.9
3.77
13.25
2005
 
1,408,965,257
0.868
1,623,007,484
352.4
3.07
13.30
2006
 
1,517,898,234
0.892
1,702,175,784
369.6
4.88
13.35
2007
 
1,583,029,762
0.914
1,731,260,266
375.9
1.71
13.19
2008
 
1,606,764,505
0.942
1,706,057,024
370.5
-1.46
12.92
2009
 
1,554,229,664
0.941
1,651,784,029
358.7
-3.18
12.90
2010
 
1,627,839,016
0.957
1,700,892,342
369.3
2.97
12.98
2011
 
1,738,413,111
0.981
1,771,522,874
384.7
4.15
13.06
2012
 
1,853,467,228
1.000
1,853,467,228
402.5
4.63
13.24
2013
 
1,885,672,430
1.013
1,860,628,372
404.0
0.39
13.30
2014
 
2,021,640,034
1.029
1,965,275,921
426.7
5.62
13.49
2015
 
2,173,299,670
1.031
2,107,421,669
457.6
7.23
13.83
2016
 
2,259,413,865
1.042
2,167,615,355
470.7
2.86
14.02
2017
 
2,364,129,404
1.061
2,228,775,847
484.0
2.82
14.06
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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, 1969-2017
 
1969
 
791,150,000
0.200
3,952,785,411
100.0
N
1970
 
855,078,000
0.210
4,081,323,087
103.3
3.25
1971
 
923,964,000
0.218
4,230,410,696
107.0
3.65
1972
 
1,015,526,000
0.226
4,496,263,172
113.7
6.28
1973
 
1,131,213,000
0.238
4,752,596,421
120.2
5.70
1974
 
1,242,433,000
0.263
4,727,675,038
119.6
-0.52
1975
 
1,359,998,000
0.285
4,776,951,177
120.9
1.04
1976
 
1,491,506,000
0.300
4,966,389,185
125.6
3.97
1977
 
1,646,968,000
0.320
5,149,027,700
130.3
3.68
1978
 
1,851,867,000
0.342
5,413,074,742
136.9
5.13
1979
 
2,068,806,000
0.373
5,553,692,518
140.5
2.60
1980
 
2,307,005,000
0.413
5,591,112,888
141.4
0.67
1981
 
2,584,340,000
0.450
5,748,342,898
145.4
2.81
1982
 
2,767,657,000
0.475
5,832,048,635
147.5
1.46
1983
 
2,957,901,000
0.495
5,978,697,902
151.3
2.51
1984
 
3,268,535,000
0.513
6,366,077,167
161.1
6.48
1985
 
3,501,927,000
0.531
6,590,746,038
166.7
3.53
1986
 
3,712,243,000
0.543
6,837,802,542
173.0
3.75
1987
 
3,940,859,000
0.560
7,041,775,070
178.1
2.98
1988
 
4,260,753,000
0.582
7,327,050,266
185.4
4.05
1989
 
4,603,969,000
0.607
7,586,042,182
191.9
3.53
1990
 
4,890,453,000
0.634
7,719,127,141
195.3
1.75
1991
 
5,055,766,000
0.655
7,721,909,795
195.4
0.04
1992
 
5,402,109,000
0.672
8,036,699,991
203.3
4.08
1993
 
5,639,780,000
0.689
8,186,407,711
207.1
1.86
1994
 
5,930,316,000
0.703
8,432,128,537
213.3
3.00
1995
 
6,275,761,000
0.718
8,739,275,320
221.1
3.64
1996
 
6,661,697,000
0.733
9,082,563,466
229.8
3.93
1997
 
7,075,132,000
0.746
9,481,168,005
239.9
4.39
1998
 
7,588,703,000
0.752
10,089,213,731
255.2
6.41
1999
 
7,988,183,000
0.763
10,464,228,824
264.7
3.72
2000
 
8,634,847,000
0.782
11,037,063,974
279.2
5.47
2001
 
9,001,839,000
0.797
11,289,271,113
285.6
2.29
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
300.6
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
332.1
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
343.3
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
353.9
-0.08
2014
 
14,983,140,000
1.029
14,565,404,207
368.5
4.13
2015
 
15,711,634,000
1.031
15,235,376,142
385.4
4.60
2016
 
16,115,630,000
1.042
15,460,862,474
391.1
1.48
2017
 
16,820,250,000
1.061
15,857,239,825
401.2
2.56
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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