Ventura County vs. California
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2019
Introduction
Ventura County:
2019 TPI = $54,749,053K
2019 Percent of State = 2.1%
California:
2019 TPI = $2,632,279,775K
2019 Percent of State = 14.2%
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 Ventura 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 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.
Ventura County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Ventura County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Ventura County's annual total personal income over 1970-2019 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 Ventura County over time.
When measured in current dollars, Ventura County's total personal income increased 3,168.5%, from $1,675M in 1970 to $54,749M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 523.4%, from $7,995M in 1970 to $49,839M in 2019.
Real Total Personal Income, 1969-2019 (Millions)
Real Total Personal Income, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Ventura County's and California's annual real total personal income for the period 1969-2019 to illustrate real total personal income patterns over time. During this 51-year period, Ventura County's real total personal income rose from $7,829M in 1969 to $49,839M in 2019, for a net gain of $42,010M, or 536.6%. In comparison, California's real total personal income increased from $460,455M in 1969 to $2,396,227M in 2019, for a net advance of $1,935,773M, or 420.4%.
Real Total Personal Income Indices (1969=100): 1969-2019
Real Total Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 portrays Ventura 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.
Ventura County's overall real total personal income growth was 536.6% over 1969-2019 outpaced California's increase of 420.4%, and outpaced the United States' increase of 327.0%.
Total Personal Income as a Percent of the California Total: 1969-2019
Total Personal Income as a Percent of the California Total: 1969-2019
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Ventura 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, Ventura County's total personal income comprised 1.7% of California's total personal income, while in 2019 it equated to 2.1% thereby yielding a +0.4% share-shift.
   
 
Total Personal Income Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
+0.38%
=
2.08%
-
1.70%
 
   
Ventura County Real Total Personal Income:
Annual Percent Change, 1970-2019
Ventura County Real Total Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 shows the short-run pattern of Ventura County's real total personal income growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Ventura County's real total personal income grew at an annual rate of 3.80% over 1970-2019. The county posted its highest growth in 1978 (10.31%) and recorded its lowest growth in 2009 (-2.33%). In 2019, Ventura County's real total personal income grew by 2.75%
Ventura County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Ventura County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
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 Ventura 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, and 2010-2019.
During the 1970s, Ventura County's annual real total personal income growth rate averaged 6.05%. It averaged 5.07% in the 1980s, 2.99% during the 1990s, 2.28% throughout the 2000s, and 2.62% thus far this decade (2010 to 2019).
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 Ventura County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Ventura County's average annual real total personal income growth outgained California's average during the 1970s (6.05% vs. 3.86%), recorded above California's average in the 1980s (5.07% vs. 3.97%), posted below California's average during the 1990s (2.99% vs. 3.14%), registered above California's average in the 2000s (2.28% vs. 2.12%), and trailed California's average over the 10 year period of the last decade, 2010-2019 (2.62% vs. 3.81%).
Finally, relative to nationwide real total personal income growth trends, Ventura County recorded above the nation during the 1970s (6.05% vs. 3.50%), outperformed the nation throughout the 1980s (5.07% vs. 3.17%), fell under the nation throughout the 1990s (2.99% vs. 3.29%), surpassed the nation throughout the 2000s (2.28% vs. 2.05%), and recorded underneath the nation over 2010-2019 (2.62% vs. 2.81%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.80
6.05
5.07
2.99
2.28
2.62
2.75
 
3.38
3.86
3.97
3.14
2.12
3.81
3.15
 
2.96
3.50
3.17
3.29
2.05
2.81
2.42
 
   

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

   
 
Ventura County:
Total Personal Income, 1969-2019
 
1969
 
1,567,032
0.200
7,829,288
100.0
N
1.70
1970
 
1,675,029
0.210
7,994,984
102.1
2.12
1.68
1971
 
1,846,661
0.218
8,455,020
108.0
5.75
1.74
1972
 
2,086,155
0.226
9,236,496
118.0
9.24
1.79
1973
 
2,368,468
0.238
9,950,710
127.1
7.73
1.85
1974
 
2,697,313
0.263
10,263,748
131.1
3.15
1.89
1975
 
3,067,325
0.285
10,773,885
137.6
4.97
1.95
1976
 
3,415,649
0.300
11,373,365
145.3
5.56
1.95
1977
 
3,925,078
0.320
12,271,237
156.7
7.89
2.02
1978
 
4,631,103
0.342
13,536,883
172.9
10.31
2.10
1979
 
5,233,301
0.373
14,048,753
179.4
3.78
2.09
1980
 
6,075,966
0.413
14,725,331
188.1
4.82
2.14
1981
 
6,889,811
0.450
15,324,994
195.7
4.07
2.16
1982
 
7,502,143
0.475
15,808,629
201.9
3.16
2.19
1983
 
8,134,982
0.495
16,442,944
210.0
4.01
2.20
1984
 
9,076,701
0.513
17,678,556
225.8
7.51
2.21
1985
 
9,880,063
0.531
18,594,616
237.5
5.18
2.22
1986
 
10,817,704
0.543
19,925,776
254.5
7.16
2.27
1987
 
11,796,155
0.560
21,078,113
269.2
5.78
2.30
1988
 
12,944,377
0.582
22,259,939
284.3
5.61
2.32
1989
 
13,967,127
0.607
23,013,885
293.9
3.39
2.32
1990
 
14,970,554
0.634
23,629,633
301.8
2.68
2.33
1991
 
15,621,492
0.655
23,859,441
304.7
0.97
2.35
1992
 
16,207,128
0.672
24,111,292
308.0
1.06
2.31
1993
 
16,983,115
0.689
24,651,796
314.9
2.24
2.36
1994
 
17,665,815
0.703
25,118,463
320.8
1.89
2.38
1995
 
18,835,782
0.718
26,229,661
335.0
4.42
2.41
1996
 
19,600,729
0.733
26,723,651
341.3
1.88
2.36
1997
 
21,018,291
0.746
28,165,969
359.8
5.40
2.38
1998
 
21,997,836
0.752
29,246,219
373.5
3.84
2.29
1999
 
23,568,058
0.763
30,873,298
394.3
5.56
2.30
2000
 
25,794,754
0.782
32,970,862
421.1
6.79
2.27
2001
 
27,329,236
0.797
34,273,792
437.8
3.95
2.33
2002
 
28,131,365
0.808
34,820,786
444.8
1.60
2.36
2003
 
29,771,089
0.824
36,148,388
461.7
3.81
2.38
2004
 
31,888,322
0.844
37,777,448
482.5
4.51
2.40
2005
 
33,142,995
0.868
38,177,896
487.6
1.06
2.36
2006
 
35,541,861
0.892
39,856,753
509.1
4.40
2.34
2007
 
36,905,439
0.914
40,361,162
515.5
1.27
2.33
2008
 
37,148,453
0.942
39,444,100
503.8
-2.27
2.31
2009
 
36,251,505
0.941
38,526,904
492.1
-2.33
2.33
2010
 
37,882,017
0.957
39,582,067
505.6
2.74
2.33
2011
 
39,898,290
0.981
40,658,192
519.3
2.72
2.30
2012
 
41,683,974
1.000
41,683,974
532.4
2.52
2.25
2013
 
42,286,159
1.013
41,724,547
532.9
0.10
2.24
2014
 
44,695,387
1.028
43,465,318
555.2
4.17
2.21
2015
 
46,970,746
1.030
45,583,636
582.2
4.87
2.16
2016
 
48,525,841
1.041
46,605,239
595.3
2.24
2.13
2017
 
50,067,967
1.060
47,241,062
603.4
1.36
2.10
2018
 
52,500,391
1.082
48,504,135
619.5
2.67
2.09
2019
 
54,749,053
1.099
49,839,376
636.6
2.75
2.08
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 2020
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, 1969-2019
 
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
 
1,886,376,599
1.013
1,861,323,189
404.2
0.48
13.31
2014
 
2,021,035,590
1.028
1,965,414,364
426.8
5.59
13.49
2015
 
2,172,930,238
1.030
2,108,760,651
458.0
7.29
13.83
2016
 
2,273,557,468
1.041
2,183,572,447
474.2
3.55
14.08
2017
 
2,383,130,513
1.060
2,248,575,741
488.3
2.98
14.07
2018
 
2,514,503,372
1.082
2,323,102,922
504.5
3.31
14.10
2019
 
2,632,279,775
1.099
2,396,227,413
520.4
3.15
14.20
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 2020
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, 1969-2019
 
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
 
15,717,140,000
1.030
15,252,991,470
385.8
4.68
2016
 
16,151,881,000
1.041
15,512,606,487
392.4
1.70
2017
 
16,937,582,000
1.060
15,981,263,210
404.3
3.02
2018
 
17,839,255,000
1.082
16,481,356,073
416.9
3.13
2019
 
18,542,262,000
1.099
16,879,465,822
427.0
2.42
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 2020
REAP_PI_CA1400_300_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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