San Luis Obispo County vs. California
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2018
Introduction
San Luis Obispo County:
2018 TPI = $16,612,046K
2018 Percent of State = 0.7%
California:
2018 TPI = $2,514,129,262K
2018 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 San Luis Obispo 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.
San Luis Obispo County Total Personal Income, 1969-2018
Current vs. Constant Dollars (Millions)
San Luis Obispo County Total Personal Income, 1969-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts San Luis Obispo 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 San Luis Obispo County over time.
When measured in current dollars, San Luis Obispo County's total personal income increased 4,385.9%, from $370M in 1969 to $16,612M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 730.2%, from $1,850M in 1969 to $15,361M in 2018.
Real Total Personal Income, 1969-2018 (Millions)
Real Total Personal Income, 1969-2018 (Millions)
Figure 2.
Figure 2 traces San Luis Obispo County's and California'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, San Luis Obispo County's real total personal income rose from $1,850M in 1969 to $15,361M in 2018, for a net gain of $13,511M, or 730.2%. In comparison, California's real total personal income advanced from $460,455M in 1969 to $2,324,819M in 2018, for a net advance of $1,864,364M, or 404.9%.
Real Total Personal Income Indices (1969=100): 1969-2018
Real Total Personal Income Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays San Luis Obispo 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.
San Luis Obispo County's overall real total personal income growth was 730.2% over 1969-2018 outpaced California's increase of 404.9%, and outpaced the United States' increase of 316.7%.
Total Personal Income as a Percent of the California Total: 1969-2018
Total Personal Income as a Percent of the California Total: 1969-2018
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of San Luis Obispo County is to compare 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, San Luis Obispo County's total personal income totaled 0.40% of California's total personal income, while in 2018 it equated to 0.66% thereby yielding a +0.26% share-shift.
   
 
Total Personal Income Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
+0.26%
=
0.66%
-
0.40%
 
   
San Luis Obispo County Real Total Personal Income:
Annual Percent Change, 1970-2018
San Luis Obispo County Real Total Personal Income:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 highlights the short-run pattern of San Luis Obispo 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 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, San Luis Obispo County's real total personal income grew at an annual rate of 4.46% over 1970-2018. The county recorded its highest growth in 1983 (15.69%) and recorded its lowest growth in 2008 (-2.70%). In 2018, San Luis Obispo County's real total personal income grew by 3.41%
San Luis Obispo County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
San Luis Obispo 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 illustrates the annual percent change in San Luis Obispo 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, San Luis Obispo County's annual real total personal income growth rate averaged 6.67%. It averaged 5.61% in the 1980s, 3.50% during the 1990s, 2.77% during the 2000s, and 3.66% 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 San Luis Obispo County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, San Luis Obispo County's average annual real total personal income growth surpassed California's average in the 1970s (6.67% vs. 3.86%), led California's average during the 1980s (5.61% vs. 3.97%), led California's average throughout the 1990s (3.50% vs. 3.14%), outperformed California's average throughout the 2000s (2.77% vs. 2.12%), and posted below California's average over the 9 year period of the last decade, 2010-2018 (3.66% vs. 3.89%).
Finally, relative to nationwide real total personal income growth trends, San Luis Obispo County outpaced the nation over the 1970s (6.67% vs. 3.50%), exceeded the nation in the 1980s (5.61% vs. 3.17%), registered above the nation during the 1990s (3.50% vs. 3.29%), exceeded the nation over the 2000s (2.77% vs. 2.05%), and led the nation over 2010-2018 (3.66% vs. 2.84%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
4.46
6.67
5.61
3.50
2.77
3.66
3.41
 
3.38
3.86
3.97
3.14
2.12
3.89
3.90
 
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.

   
 
San Luis Obispo County:
Total Personal Income, 1969-2018
 
1969
 
370,319
0.200
1,850,207
100.0
N
0.40
1970
 
410,874
0.210
1,961,119
106.0
5.99
0.41
1971
 
455,874
0.218
2,087,240
112.8
6.43
0.43
1972
 
513,809
0.226
2,274,900
123.0
8.99
0.44
1973
 
581,196
0.238
2,441,795
132.0
7.34
0.45
1974
 
673,901
0.263
2,564,311
138.6
5.02
0.47
1975
 
767,457
0.285
2,695,669
145.7
5.12
0.49
1976
 
874,841
0.300
2,913,029
157.4
8.06
0.50
1977
 
975,928
0.320
3,051,110
164.9
4.74
0.50
1978
 
1,152,991
0.342
3,370,235
182.2
10.46
0.52
1979
 
1,312,402
0.373
3,523,132
190.4
4.54
0.52
1980
 
1,486,564
0.413
3,602,743
194.7
2.26
0.52
1981
 
1,672,093
0.450
3,719,234
201.0
3.23
0.52
1982
 
1,796,170
0.475
3,784,917
204.6
1.77
0.52
1983
 
2,166,411
0.495
4,378,888
236.7
15.69
0.59
1984
 
2,382,952
0.513
4,641,240
250.8
5.99
0.58
1985
 
2,551,924
0.531
4,802,808
259.6
3.48
0.57
1986
 
2,778,742
0.543
5,118,331
276.6
6.57
0.58
1987
 
3,019,418
0.560
5,395,286
291.6
5.41
0.59
1988
 
3,313,775
0.582
5,698,569
308.0
5.62
0.59
1989
 
3,667,188
0.607
6,042,491
326.6
6.04
0.61
1990
 
3,833,545
0.634
6,050,896
327.0
0.14
0.60
1991
 
4,009,496
0.655
6,123,892
331.0
1.21
0.60
1992
 
4,249,317
0.672
6,321,695
341.7
3.23
0.60
1993
 
4,403,078
0.689
6,391,276
345.4
1.10
0.61
1994
 
4,571,999
0.703
6,500,781
351.4
1.71
0.62
1995
 
4,835,554
0.718
6,733,723
363.9
3.58
0.62
1996
 
5,211,367
0.733
7,105,182
384.0
5.52
0.63
1997
 
5,670,563
0.746
7,598,948
410.7
6.95
0.64
1998
 
6,124,204
0.752
8,142,156
440.1
7.15
0.64
1999
 
6,487,638
0.763
8,498,570
459.3
4.38
0.63
2000
 
7,046,870
0.782
9,007,311
486.8
5.99
0.62
2001
 
7,675,246
0.797
9,625,581
520.2
6.86
0.65
2002
 
7,956,612
0.808
9,848,633
532.3
2.32
0.67
2003
 
8,285,424
0.824
10,060,254
543.7
2.15
0.66
2004
 
8,841,143
0.844
10,473,923
566.1
4.11
0.67
2005
 
9,229,260
0.868
10,631,318
574.6
1.50
0.66
2006
 
9,992,924
0.892
11,206,096
605.7
5.41
0.66
2007
 
10,578,699
0.914
11,569,259
625.3
3.24
0.67
2008
 
10,601,675
0.942
11,256,822
608.4
-2.70
0.66
2009
 
10,472,516
0.941
11,129,845
601.5
-1.13
0.67
2010
 
10,855,099
0.957
11,342,249
613.0
1.91
0.67
2011
 
11,573,567
0.981
11,793,997
637.4
3.98
0.67
2012
 
12,247,840
1.000
12,247,840
662.0
3.85
0.66
2013
 
12,685,670
1.013
12,517,189
676.5
2.20
0.67
2014
 
13,506,150
1.028
13,134,445
709.9
4.93
0.67
2015
 
14,488,777
1.030
14,060,631
759.9
7.05
0.67
2016
 
14,955,432
1.041
14,367,651
776.5
2.18
0.66
2017
 
15,735,750
1.059
14,854,997
802.9
3.39
0.66
2018
 
16,612,046
1.081
15,361,185
830.2
3.41
0.66
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 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.

   
 
California:
Total Personal Income, 1969-2018
 
1969
 
92,160,048
0.200
460,454,899
100.0
N
11.65
1970
 
99,417,462
0.210
474,523,708
103.1
3.06
11.62
1971
 
105,987,186
0.218
485,267,094
105.4
2.26
11.46
1972
 
116,351,066
0.226
515,146,843
111.9
6.16
11.45
1973
 
127,777,265
0.238
536,834,153
116.6
4.21
11.27
1974
 
142,507,421
0.263
542,265,681
117.8
1.01
11.45
1975
 
157,639,903
0.285
553,705,314
120.3
2.11
11.57
1976
 
174,924,788
0.300
582,461,335
126.5
5.19
11.70
1977
 
194,032,902
0.320
606,618,214
131.7
4.15
11.75
1978
 
220,640,055
0.342
644,938,923
140.1
6.32
11.89
1979
 
250,173,900
0.373
671,589,756
145.9
4.13
12.07
1980
 
284,307,980
0.413
689,031,021
149.6
2.60
12.29
1981
 
319,557,151
0.450
710,790,407
154.4
3.16
12.32
1982
 
342,342,458
0.475
721,389,198
156.7
1.49
12.32
1983
 
369,808,779
0.495
747,481,059
162.3
3.62
12.46
1984
 
410,796,416
0.513
800,102,090
173.8
7.04
12.53
1985
 
444,066,873
0.531
835,748,999
181.5
4.46
12.65
1986
 
476,682,239
0.543
878,029,543
190.7
5.06
12.82
1987
 
513,377,058
0.560
917,334,461
199.2
4.48
13.01
1988
 
558,041,138
0.582
959,641,516
208.4
4.61
13.08
1989
 
600,755,071
0.607
989,874,890
215.0
3.15
13.03
1990
 
643,684,926
0.634
1,015,997,042
220.7
2.64
13.14
1991
 
665,992,598
0.655
1,017,201,897
220.9
0.12
13.14
1992
 
702,449,072
0.672
1,045,031,200
227.0
2.74
12.98
1993
 
719,730,984
0.689
1,044,723,602
226.9
-0.03
12.74
1994
 
742,429,143
0.703
1,055,636,489
229.3
1.04
12.50
1995
 
780,642,835
0.718
1,087,079,744
236.1
2.98
12.42
1996
 
829,666,598
0.733
1,131,168,159
245.7
4.06
12.43
1997
 
882,677,306
0.746
1,182,848,862
256.9
4.57
12.45
1998
 
959,949,747
0.752
1,276,257,375
277.2
7.90
12.63
1999
 
1,026,419,347
0.763
1,344,571,966
292.0
5.35
12.83
2000
 
1,133,965,450
0.782
1,449,434,972
314.8
7.80
13.11
2001
 
1,173,768,781
0.797
1,472,031,881
319.7
1.56
13.04
2002
 
1,193,118,043
0.808
1,476,832,295
320.7
0.33
13.03
2003
 
1,248,506,484
0.824
1,515,950,465
329.2
2.65
13.17
2004
 
1,329,404,002
0.844
1,574,917,963
342.0
3.89
13.26
2005
 
1,407,285,469
0.868
1,621,072,512
352.1
2.93
13.28
2006
 
1,516,057,517
0.892
1,700,111,599
369.2
4.88
13.33
2007
 
1,581,573,294
0.914
1,729,667,418
375.6
1.74
13.18
2008
 
1,606,579,893
0.942
1,705,861,003
370.5
-1.38
12.92
2009
 
1,554,013,343
0.941
1,651,554,130
358.7
-3.18
12.89
2010
 
1,628,457,637
0.957
1,701,538,725
369.5
3.03
12.98
2011
 
1,737,940,004
0.981
1,771,040,756
384.6
4.08
13.05
2012
 
1,852,397,490
1.000
1,852,397,490
402.3
4.59
13.23
2013
 
1,886,379,052
1.013
1,861,325,609
404.2
0.48
13.31
2014
 
2,021,038,469
1.028
1,965,417,163
426.8
5.59
13.49
2015
 
2,171,947,376
1.030
2,107,765,904
457.8
7.24
13.83
2016
 
2,263,889,847
1.041
2,174,914,111
472.3
3.19
14.05
2017
 
2,370,112,356
1.059
2,237,453,725
485.9
2.88
14.05
2018
 
2,514,129,262
1.081
2,324,819,232
504.9
3.90
14.11
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 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 California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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