Shasta County vs. California | Total Personal Income Trends over 1969-2022

Introduction

Shasta County:

2022 TPI = $9,791,945K

2022 Percent of State = 0.33%

California:

2022 TPI = $3,006,647,281K

2022 Percent of U.S. = 13.78%

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 Shasta 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 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.

Shasta County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Shasta 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 Shasta County over time.

When measured in current dollars, Shasta County's total personal income increased 3,006.53%, from $315M in 1970 to $9,792M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 429.15%, from $1,595M in 1970 to $8,438M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Shasta County's and California'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, Shasta County's real total personal income rose from $1,534M in 1969 to $8,438M in 2022, for a net gain of $6,905M, or 450.25%. In comparison, California's real total personal income increased from $488,058M in 1969 to $2,590,977M in 2022, for a net gain of $2,102,919M, or 430.87%.

Real Total Personal Income Indices (1969=100): 1969-2022

Figure 3.

Figure 3 portrays Shasta 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.

Shasta County's overall real total personal income growth was 450.25% over 1969-2022 outpaced California's increase of 430.87%, and outpaced the United States' increase of 348.76%.

Total Personal Income as a Percent of the California Total: 1969-2022

Figure 4.

Another interesting and insightful way of comparing the total personal income growth of Shasta 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, Shasta County's total personal income comprised 0.31% of California's total personal income, while in 2022 it totaled 0.33% thereby yielding a +0.01% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Shasta County	+0.01%	=	0.33%	-	0.31%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Shasta County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 5.

Figure 5 highlights the short-run pattern of Shasta 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, Shasta County's real total personal income grew at an annual rate of 3.32% over 1970-2022. The county posted its highest growth in 2020 (10.70%) and posted its lowest growth in 2022 (-7.34%). In 2022, Shasta County's real total personal income declined by -7.34%

Shasta 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 illustrates the annual percent change in Shasta County's real total personal income since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.

During the 1970s, Shasta County's annual real total personal income growth rate averaged 6.12%. It averaged 3.90% during the 1980s, 3.04% during the 1990s, 1.94% throughout the 2000s, 2.03% in the 2010s, 1.84% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 7.

Figure 7 compares the decade average growth rates for Shasta County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Shasta County's average annual real total personal income growth led California's average during the 1970s (6.12% vs. 3.86%), amounted to less than California's average in the 1980s (3.90% vs. 3.95%), posted below California's average in the 1990s (3.04% vs. 3.11%), lagged California's average in the 2000s (1.94% vs. 2.04%), posted below California's average throughout the 2010s (2.03% vs. 3.55%), and fell below California's average over the 3 year period of the current decade, 2020-2022 (1.84% vs. 2.04%).

Finally, relative to nationwide real total personal income growth trends, Shasta County outperformed the nation during the 1970s (6.12% vs. 3.50%), surpassed the nation over the 1980s (3.90% vs. 3.16%), trailed the nation throughout the 1990s (3.04% vs. 3.27%), fell under the nation over the 2000s (1.94% vs. 2.06%), fell below the nation in the 2010s (2.03% vs. 2.72%), and posted below the nation over 2020-2022 (1.84% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Shasta	3.32	6.12	3.90	3.04	1.94	2.03	1.84	-7.34
California	3.23	3.86	3.95	3.11	2.04	3.55	2.04	-6.29
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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

Shasta County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	289,574	0.189	1,533,517	100.0	N	0.31
1970	315,205	0.198	1,594,683	104.0	3.99	0.32
1971	348,129	0.206	1,689,537	110.2	5.95	0.33
1972	382,075	0.213	1,793,106	116.9	6.13	0.33
1973	434,362	0.225	1,934,367	126.1	7.88	0.34
1974	497,975	0.248	2,008,531	131.0	3.83	0.35
1975	562,845	0.269	2,095,477	136.6	4.33	0.36
1976	646,233	0.283	2,280,849	148.7	8.85	0.37
1977	728,667	0.302	2,414,724	157.5	5.87	0.38
1978	851,500	0.323	2,638,183	172.0	9.25	0.39
1979	974,387	0.351	2,772,635	180.8	5.10	0.39
1980	1,083,823	0.389	2,784,173	181.6	0.42	0.38
1981	1,179,071	0.424	2,779,844	181.3	-0.16	0.37
1982	1,260,809	0.448	2,816,129	183.6	1.31	0.37
1983	1,371,784	0.467	2,938,949	191.6	4.36	0.37
1984	1,512,774	0.484	3,123,050	203.7	6.26	0.37
1985	1,615,584	0.501	3,222,917	210.2	3.20	0.36
1986	1,743,758	0.512	3,404,514	222.0	5.63	0.37
1987	1,891,321	0.528	3,581,912	233.6	5.21	0.37
1988	2,091,468	0.549	3,812,026	248.6	6.42	0.38
1989	2,320,681	0.573	4,052,813	264.3	6.32	0.39
1990	2,541,316	0.598	4,251,470	277.2	4.90	0.39
1991	2,715,625	0.618	4,396,065	286.7	3.40	0.41
1992	2,894,627	0.634	4,564,218	297.6	3.83	0.41
1993	3,007,500	0.650	4,626,923	301.7	1.37	0.42
1994	3,131,922	0.664	4,719,878	307.8	2.01	0.42
1995	3,245,271	0.678	4,789,785	312.3	1.48	0.42
1996	3,372,914	0.692	4,873,942	317.8	1.76	0.41
1997	3,545,918	0.704	5,036,315	328.4	3.33	0.40
1998	3,750,072	0.710	5,284,248	344.6	4.92	0.39
1999	3,933,273	0.720	5,462,803	356.2	3.38	0.38
2000	4,178,405	0.738	5,660,108	369.1	3.61	0.37
2001	4,570,506	0.753	6,069,568	395.8	7.23	0.39
2002	4,747,237	0.763	6,222,539	405.8	2.52	0.40
2003	4,904,820	0.779	6,296,788	410.6	1.19	0.40
2004	5,049,240	0.798	6,325,228	412.5	0.45	0.38
2005	5,154,715	0.821	6,276,517	409.3	-0.77	0.37
2006	5,514,294	0.844	6,530,429	425.8	4.05	0.37
2007	5,752,222	0.866	6,641,752	433.1	1.70	0.37
2008	5,790,524	0.892	6,493,803	423.5	-2.23	0.36
2009	5,867,230	0.889	6,598,250	430.3	1.61	0.38
2010	6,117,096	0.905	6,758,177	440.7	2.42	0.38
2011	6,225,086	0.928	6,707,778	437.4	-0.75	0.36
2012	6,339,555	0.945	6,706,111	437.3	-0.02	0.35
2013	6,419,867	0.958	6,702,652	437.1	-0.05	0.35
2014	6,826,076	0.971	7,028,424	458.3	4.86	0.35
2015	7,237,895	0.973	7,438,817	485.1	5.84	0.35
2016	7,447,216	0.983	7,577,241	494.1	1.86	0.34
2017	7,748,179	1.000	7,748,179	505.3	2.26	0.34
2018	7,976,743	1.020	7,816,734	509.7	0.88	0.33
2019	8,334,396	1.035	8,051,545	525.0	3.00	0.33
2020	9,325,879	1.046	8,912,772	581.2	10.70	0.34
2021	9,926,304	1.090	9,106,617	593.8	2.17	0.33
2022	9,791,945	1.160	8,438,204	550.3	-7.34	0.33

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 2023

REAP_PI_CA1400_300_PSN

Interactive Table 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, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	92,160,048	0.189	488,058,296	100.0	N	11.65
1970	99,417,462	0.198	502,972,083	103.1	3.06	11.62
1971	105,987,186	0.206	514,376,054	105.4	2.27	11.46
1972	116,351,066	0.213	546,044,049	111.9	6.16	11.45
1973	127,777,265	0.225	569,037,030	116.6	4.21	11.27
1974	142,507,421	0.248	574,788,936	117.8	1.01	11.45
1975	157,639,903	0.269	586,894,650	120.3	2.11	11.57
1976	174,924,788	0.283	617,388,868	126.5	5.20	11.70
1977	194,032,902	0.302	643,004,050	131.7	4.15	11.75
1978	220,640,055	0.323	683,604,087	140.1	6.31	11.89
1979	250,181,567	0.351	711,895,874	145.9	4.14	12.07
1980	284,416,652	0.389	730,622,308	149.7	2.63	12.29
1981	319,356,852	0.424	752,933,755	154.3	3.05	12.33
1982	342,144,678	0.448	764,210,489	156.6	1.50	12.32
1983	369,925,812	0.467	792,539,661	162.4	3.71	12.46
1984	410,321,649	0.484	847,089,430	173.6	6.88	12.53
1985	443,888,531	0.501	885,510,156	181.4	4.54	12.65
1986	476,484,468	0.512	930,288,502	190.6	5.06	12.82
1987	511,613,010	0.528	968,927,332	198.5	4.15	13.01
1988	557,618,023	0.549	1,016,345,617	208.2	4.89	13.08
1989	600,193,593	0.573	1,048,171,693	214.8	3.13	13.03
1990	643,623,777	0.598	1,076,744,085	220.6	2.73	13.14
1991	666,607,620	0.618	1,079,107,100	221.1	0.22	13.14
1992	702,023,479	0.634	1,106,943,360	226.8	2.58	12.98
1993	719,014,905	0.650	1,106,176,777	226.6	-0.07	12.74
1994	741,651,785	0.664	1,117,686,095	229.0	1.04	12.50
1995	779,604,724	0.678	1,150,640,145	235.8	2.95	12.42
1996	828,147,235	0.692	1,196,692,680	245.2	4.00	12.43
1997	876,440,299	0.704	1,244,819,832	255.1	4.02	12.40
1998	953,360,541	0.710	1,343,385,716	275.3	7.92	12.57
1999	1,022,682,748	0.720	1,420,372,978	291.0	5.73	12.82
2000	1,127,550,078	0.738	1,527,390,315	313.0	7.53	13.08
2001	1,169,366,357	0.753	1,552,902,123	318.2	1.67	13.01
2002	1,187,280,934	0.763	1,556,252,945	318.9	0.22	12.98
2003	1,240,604,169	0.779	1,592,682,580	326.3	2.34	13.09
2004	1,315,172,209	0.798	1,647,528,041	337.6	3.44	13.14
2005	1,387,883,820	0.821	1,689,923,923	346.3	2.57	13.17
2006	1,493,216,996	0.844	1,768,376,357	362.3	4.64	13.22
2007	1,561,307,156	0.866	1,802,749,381	369.4	1.94	13.09
2008	1,588,294,546	0.892	1,781,198,325	365.0	-1.20	12.78
2009	1,539,818,660	0.889	1,731,670,427	354.8	-2.78	12.77
2010	1,609,997,470	0.905	1,778,727,567	364.4	2.72	12.83
2011	1,713,428,004	0.928	1,846,286,802	378.3	3.80	12.88
2012	1,814,763,034	0.945	1,919,693,480	393.3	3.98	13.05
2013	1,840,885,251	0.958	1,921,973,305	393.8	0.12	13.09
2014	1,955,718,006	0.971	2,013,692,205	412.6	4.77	13.23
2015	2,097,049,575	0.973	2,155,263,235	441.6	7.03	13.56
2016	2,191,138,011	0.983	2,229,394,419	456.8	3.44	13.79
2017	2,295,048,653	1.000	2,295,048,653	470.2	2.94	13.78
2018	2,411,055,136	1.020	2,362,690,854	484.1	2.95	13.77
2019	2,537,950,599	1.035	2,451,818,225	502.4	3.77	13.84
2020	2,767,521,379	1.046	2,644,928,923	541.9	7.88	14.11
2021	3,013,676,929	1.090	2,764,815,854	566.5	4.53	14.09
2022	3,006,647,281	1.160	2,590,976,863	530.9	-6.29	13.78

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 2023

REAP_PI_CA1400_300_PSN

Interactive Table 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, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

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 2023

REAP_PI_CA1400_300_PN

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