Eureka County vs. Nevada
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2019
Introduction
Eureka County vs. Nevada
Eureka County:
2019 TPI = $87,109K
2019 Percent of State = 0.1%
Nevada:
2019 TPI = $157,583,713K
2019 Percent of U.S. = 0.8%
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 Eureka County and Nevada 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.
Eureka County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Eureka County Total Personal Income, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Eureka 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 Eureka County over time.
When measured in current dollars, Eureka County's total personal income increased 1,638.7%, from $5M in 1970 to $87M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 231.6%, from $24M in 1970 to $79M in 2019.
Real Total Personal Income, 1969-2019 (Millions)
Real Total Personal Income, 1969-2019 (Millions)
Figure 2.
Figure 2 tracks Eureka County's and Nevada'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, Eureka County's real total personal income rose from $29M in 1969 to $79M in 2019, for a net gain of $50M, or 174.2%. In comparison, Nevada's real total personal income advanced from $11,384M in 1969 to $143,452M in 2019, for a net gain of $132,068M, or 1,160.1%.
Real Total Personal Income Indices (1969=100): 1969-2019
Real Total Personal Income Indices (1969=100): 1969-2019
Figure 3.
Figure 3 portrays Eureka County's real total personal income growth in a broader context by offering direct comparisons across time with Nevada, 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.
Eureka County's overall real total personal income growth was 174.2% over 1969-2019 trailed Nevada's increase of 1,160.1%, and fell below the United States' increase of 327.0%.
Total Personal Income as a Percent of the Nevada Total: 1969-2019
Total Personal Income as a Percent of the Nevada Total: 1969-2019
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Eureka County is to trace its individual percentage contributions to Nevada'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 Nevada's total personal income, while a declining share shows it grew more slowly.
In 1969, Eureka County's total personal income totaled 0.25% of Nevada's total personal income, while in 2019 it comprised 0.06% thereby yielding a -0.20% share-shift.
   
 
Total Personal Income Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
-0.20%
=
0.06%
-
0.25%
 
   
Eureka County Real Total Personal Income:
Annual Percent Change, 1970-2019
Eureka County Real Total Personal Income:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 highlights the short-run pattern of Eureka 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, Eureka County's real total personal income grew at an annual rate of 2.44% over 1970-2019. The county recorded its highest growth in 1988 (39.95%) and posted its lowest growth in 1970 (-17.32%). In 2019, Eureka County's real total personal income grew by 10.39%
Eureka County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2019
Eureka 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 illustrates the annual percent change in Eureka 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 2010-2019.
During the 1970s, Eureka County's annual real total personal income growth rate averaged 1.44%. It averaged 6.14% throughout the 1980s, 0.28% in the 1990s, 2.65% throughout the 2000s, and 1.70% 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 Eureka County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Eureka County's average annual real total personal income growth lagged Nevada's average throughout the 1970s (1.44% vs. 7.08%), recorded above Nevada's average during the 1980s (6.14% vs. 5.08%), amounted to less than Nevada's average during the 1990s (0.28% vs. 7.63%), amounted to less than Nevada's average during the 2000s (2.65% vs. 3.09%), and lagged Nevada's average over the 10 year period of the last decade, 2010-2019 (1.70% vs. 3.41%).
Finally, relative to nationwide real total personal income growth trends, Eureka County trailed the nation in the 1970s (1.44% vs. 3.50%), outpaced the nation in the 1980s (6.14% vs. 3.17%), recorded underneath the nation in the 1990s (0.28% vs. 3.29%), recorded above the nation in the 2000s (2.65% vs. 2.05%), and lagged the nation over 2010-2019 (1.70% vs. 2.81%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.44
1.44
6.14
0.28
2.65
1.70
10.39
 
5.26
7.08
5.08
7.63
3.09
3.41
2.58
 
2.96
3.50
3.17
3.29
2.05
2.81
2.42
 
   

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

   
 
Eureka County:
Total Personal Income, 1969-2019
 
1969
 
5,789
0.200
28,923
100.0
N
0.25
1970
 
5,010
0.210
23,913
82.7
-17.32
0.20
1971
 
5,378
0.218
24,623
85.1
2.97
0.19
1972
 
6,379
0.226
28,243
97.6
14.70
0.20
1973
 
7,377
0.238
30,993
107.2
9.74
0.20
1974
 
7,351
0.263
27,972
96.7
-9.75
0.18
1975
 
8,019
0.285
28,166
97.4
0.70
0.18
1976
 
8,757
0.300
29,159
100.8
3.52
0.17
1977
 
9,572
0.320
29,926
103.5
2.63
0.16
1978
 
10,431
0.342
30,490
105.4
1.89
0.14
1979
 
11,959
0.373
32,104
111.0
5.29
0.14
1980
 
14,754
0.413
35,757
123.6
11.38
0.15
1981
 
15,937
0.450
35,449
122.6
-0.86
0.14
1982
 
15,688
0.475
33,058
114.3
-6.74
0.13
1983
 
17,097
0.495
34,558
119.5
4.54
0.14
1984
 
17,677
0.513
34,429
119.0
-0.37
0.13
1985
 
21,121
0.531
39,750
137.4
15.46
0.14
1986
 
19,082
0.543
35,148
121.5
-11.58
0.12
1987
 
20,671
0.560
36,936
127.7
5.09
0.12
1988
 
30,059
0.582
51,691
178.7
39.95
0.15
1989
 
32,791
0.607
54,030
186.8
4.53
0.15
1990
 
33,734
0.634
53,246
184.1
-1.45
0.13
1991
 
34,285
0.655
52,365
181.0
-1.65
0.12
1992
 
34,033
0.672
50,631
175.1
-3.31
0.11
1993
 
34,038
0.689
49,408
170.8
-2.42
0.10
1994
 
33,391
0.703
47,478
164.1
-3.91
0.09
1995
 
34,608
0.718
48,193
166.6
1.51
0.09
1996
 
38,520
0.733
52,518
181.6
8.97
0.09
1997
 
42,446
0.746
56,881
196.7
8.31
0.09
1998
 
46,764
0.752
62,173
215.0
9.30
0.09
1999
 
41,516
0.763
54,384
188.0
-12.53
0.07
2000
 
43,655
0.782
55,800
192.9
2.60
0.07
2001
 
39,000
0.797
48,910
169.1
-12.35
0.06
2002
 
36,074
0.808
44,652
154.4
-8.71
0.05
2003
 
36,630
0.824
44,477
153.8
-0.39
0.05
2004
 
41,826
0.844
49,550
171.3
11.41
0.05
2005
 
42,383
0.868
48,822
168.8
-1.47
0.05
2006
 
47,064
0.892
52,778
182.5
8.10
0.05
2007
 
55,413
0.914
60,602
209.5
14.82
0.05
2008
 
62,281
0.942
66,130
228.6
9.12
0.06
2009
 
64,340
0.941
68,378
236.4
3.40
0.07
2010
 
65,021
0.957
67,939
234.9
-0.64
0.06
2011
 
75,094
0.981
76,524
264.6
12.64
0.07
2012
 
75,557
1.000
75,557
261.2
-1.26
0.07
2013
 
74,033
1.013
73,050
252.6
-3.32
0.07
2014
 
75,747
1.028
73,662
254.7
0.84
0.06
2015
 
70,390
1.030
68,311
236.2
-7.26
0.06
2016
 
66,597
1.041
63,961
221.1
-6.37
0.05
2017
 
73,499
1.060
69,349
239.8
8.42
0.05
2018
 
77,754
1.082
71,835
248.4
3.59
0.05
2019
 
87,109
1.099
79,297
274.2
10.39
0.06
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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.

   
 
Nevada:
Total Personal Income, 1969-2019
 
1969
 
2,278,607
0.200
11,384,497
100.0
N
0.29
1970
 
2,560,413
0.210
12,220,958
107.3
7.35
0.30
1971
 
2,860,381
0.218
13,096,383
115.0
7.16
0.31
1972
 
3,196,764
0.226
14,153,741
124.3
8.07
0.31
1973
 
3,630,058
0.238
15,251,063
134.0
7.75
0.32
1974
 
4,025,238
0.263
15,316,735
134.5
0.43
0.32
1975
 
4,543,971
0.285
15,960,558
140.2
4.20
0.33
1976
 
5,170,461
0.300
17,216,506
151.2
7.87
0.35
1977
 
5,977,935
0.320
18,689,223
164.2
8.55
0.36
1978
 
7,225,731
0.342
21,121,075
185.5
13.01
0.39
1979
 
8,374,582
0.373
22,481,496
197.5
6.44
0.40
1980
 
9,682,781
0.413
23,466,582
206.1
4.38
0.42
1981
 
11,011,840
0.450
24,493,616
215.1
4.38
0.42
1982
 
11,762,109
0.475
24,785,294
217.7
1.19
0.42
1983
 
12,530,021
0.495
25,326,477
222.5
2.18
0.42
1984
 
13,652,075
0.513
26,589,944
233.6
4.99
0.42
1985
 
14,799,444
0.531
27,853,058
244.7
4.75
0.42
1986
 
15,988,531
0.543
29,450,232
258.7
5.73
0.43
1987
 
17,473,700
0.560
31,223,108
274.3
6.02
0.44
1988
 
19,842,874
0.582
34,123,014
299.7
9.29
0.46
1989
 
22,352,474
0.607
36,830,572
323.5
7.93
0.48
1990
 
25,043,313
0.634
39,528,550
347.2
7.33
0.51
1991
 
27,515,308
0.655
42,025,427
369.1
6.32
0.54
1992
 
30,479,309
0.672
45,343,969
398.3
7.90
0.56
1993
 
32,966,024
0.689
47,851,745
420.3
5.53
0.58
1994
 
36,485,543
0.703
51,877,638
455.7
8.41
0.61
1995
 
40,138,314
0.718
55,894,381
491.0
7.74
0.64
1996
 
44,435,100
0.733
60,582,854
532.2
8.39
0.67
1997
 
48,572,668
0.746
65,090,747
571.7
7.44
0.69
1998
 
54,281,274
0.752
72,167,190
633.9
10.87
0.71
1999
 
58,607,267
0.763
76,773,385
674.4
6.38
0.73
2000
 
64,339,627
0.782
82,238,930
722.4
7.12
0.74
2001
 
67,862,421
0.797
85,106,751
747.6
3.49
0.75
2002
 
69,626,704
0.808
86,183,396
757.0
1.27
0.76
2003
 
74,202,223
0.824
90,097,165
791.4
4.54
0.78
2004
 
82,501,218
0.844
97,737,520
858.5
8.48
0.82
2005
 
92,671,063
0.868
106,749,140
937.7
9.22
0.87
2006
 
100,383,713
0.892
112,570,607
988.8
5.45
0.88
2007
 
104,564,619
0.914
114,355,759
1,004.5
1.59
0.87
2008
 
102,785,548
0.942
109,137,341
958.6
-4.56
0.83
2009
 
96,858,597
0.941
102,938,123
904.2
-5.68
0.80
2010
 
100,605,772
0.957
105,120,706
923.4
2.12
0.80
2011
 
104,579,440
0.981
106,571,257
936.1
1.38
0.79
2012
 
108,825,145
1.000
108,825,145
955.9
2.11
0.78
2013
 
109,055,053
1.013
107,606,667
945.2
-1.12
0.77
2014
 
116,945,298
1.028
113,726,829
999.0
5.69
0.78
2015
 
127,046,821
1.030
123,294,956
1,083.0
8.41
0.81
2016
 
132,314,999
1.041
127,078,110
1,116.2
3.07
0.82
2017
 
141,515,860
1.060
133,525,683
1,172.9
5.07
0.84
2018
 
151,367,750
1.082
139,845,850
1,228.4
4.73
0.85
2019
 
157,583,713
1.099
143,452,233
1,260.1
2.58
0.85
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
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, 1969-2019
 
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 Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2020
REAP_PI_CA1400_300_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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