Mineral County vs. Nevada
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2018
Introduction
Mineral County:
2018 TPI = $171,865K
2018 Percent of State = 0.1%
Nevada:
2018 TPI = $149,218,639K
2018 Percent of State = 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 Mineral 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.
Mineral County Total Personal Income, 1970-2018
Current vs. Constant Dollars (Millions)
Mineral County Total Personal Income, 1970-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Mineral County's annual total personal income over 1970-2018 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 Mineral County over time.
When measured in current dollars, Mineral County's total personal income increased 429.0%, from $32M in 1970 to $172M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 2.5%, from $155M in 1970 to $159M in 2018.
Real Total Personal Income, 1969-2018 (Millions)
Real Total Personal Income, 1969-2018 (Millions)
Figure 2.
Figure 2 tracks Mineral County's and Nevada'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, Mineral County's real total personal income rose from $153M in 1969 to $159M in 2018, for a net gain of $6M, or 3.8%. In comparison, Nevada's real total personal income advanced from $11,384M in 1969 to $137,983M in 2018, for a net advance of $126,598M, or 1,112.0%.
Real Total Personal Income Indices (1969=100): 1969-2018
Real Total Personal Income Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays Mineral 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.
Mineral County's overall real total personal income growth was 3.8% over 1969-2018 trailed Nevada's increase of 1,112.0%, and fell below the United States' increase of 316.7%.
Total Personal Income as a Percent of the Nevada Total: 1969-2018
Total Personal Income as a Percent of the Nevada Total: 1969-2018
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Mineral 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, Mineral County's total personal income comprised 1.35% of Nevada's total personal income, while in 2018 it totaled 0.12% thereby yielding a -1.23% share-shift.
   
 
Total Personal Income Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
-1.23%
=
0.12%
-
1.35%
 
   
Mineral County Real Total Personal Income:
Annual Percent Change, 1970-2018
Mineral County Real Total Personal Income:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 shows the short-run pattern of Mineral 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, Mineral County's real total personal income grew at an annual rate of 0.25% over 1970-2018. The county recorded its highest growth in 1972 (14.93%) and posted its lowest growth in 1974 (-13.78%). In 2018, Mineral County's real total personal income grew by 3.31%
Mineral County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2018
Mineral 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 depicts the annual percent change in Mineral 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, Mineral County's annual real total personal income growth rate averaged 0.26%. It averaged 1.76% during the 1980s, -0.44% during the 1990s, 1.49% throughout the 2000s, and -2.05% 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 Mineral County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Mineral County's average annual real total personal income growth recorded under Nevada's average in the 1970s (0.26% vs. 7.08%), fell below Nevada's average in the 1980s (1.76% vs. 5.08%), fell below Nevada's average in the 1990s (-0.44% vs. 7.63%), posted below Nevada's average in the 2000s (1.49% vs. 3.09%), and posted below Nevada's average over the 9 year period of the last decade, 2010-2018 (-2.05% vs. 3.34%).
Finally, relative to nationwide real total personal income growth trends, Mineral County trailed the nation over the 1970s (0.26% vs. 3.50%), trailed the nation during the 1980s (1.76% vs. 3.17%), lagged the nation during the 1990s (-0.44% vs. 3.29%), fell under the nation throughout the 2000s (1.49% vs. 2.05%), and lagged the nation over 2010-2018 (-2.05% vs. 2.84%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
0.25
0.26
1.76
-0.44
1.49
-2.05
3.31
 
5.29
7.08
5.08
7.63
3.09
3.34
4.82
 
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.

   
 
Mineral County:
Total Personal Income, 1969-2018
 
1969
 
30,658
0.200
153,175
100.0
N
1.35
1970
 
32,486
0.210
155,057
101.2
1.23
1.27
1971
 
36,150
0.218
165,514
108.1
6.74
1.26
1972
 
42,966
0.226
190,233
124.2
14.93
1.34
1973
 
43,291
0.238
181,880
118.7
-4.39
1.19
1974
 
41,213
0.263
156,823
102.4
-13.78
1.02
1975
 
43,976
0.285
154,464
100.8
-1.50
0.97
1976
 
44,268
0.300
147,403
96.2
-4.57
0.86
1977
 
47,633
0.320
148,918
97.2
1.03
0.80
1978
 
52,697
0.342
154,035
100.6
3.44
0.73
1979
 
57,072
0.373
153,209
100.0
-0.54
0.68
1980
 
61,169
0.413
148,245
96.8
-3.24
0.63
1981
 
61,352
0.450
136,465
89.1
-7.95
0.56
1982
 
65,719
0.475
138,484
90.4
1.48
0.56
1983
 
72,429
0.495
146,398
95.6
5.71
0.58
1984
 
76,482
0.513
148,963
97.3
1.75
0.56
1985
 
76,226
0.531
143,460
93.7
-3.69
0.52
1986
 
78,182
0.543
144,008
94.0
0.38
0.49
1987
 
86,472
0.560
154,514
100.9
7.30
0.49
1988
 
98,338
0.582
169,108
110.4
9.45
0.50
1989
 
109,205
0.607
179,939
117.5
6.40
0.49
1990
 
111,262
0.634
175,617
114.7
-2.40
0.44
1991
 
108,409
0.655
165,578
108.1
-5.72
0.39
1992
 
117,114
0.672
174,230
113.7
5.23
0.38
1993
 
114,071
0.689
165,579
108.1
-4.97
0.35
1994
 
116,237
0.703
165,274
107.9
-0.18
0.32
1995
 
123,219
0.718
171,588
112.0
3.82
0.31
1996
 
126,475
0.733
172,436
112.6
0.49
0.28
1997
 
130,604
0.746
175,018
114.3
1.50
0.27
1998
 
137,142
0.752
182,331
119.0
4.18
0.25
1999
 
130,360
0.763
170,767
111.5
-6.34
0.22
2000
 
128,288
0.782
163,978
107.1
-3.98
0.20
2001
 
123,866
0.797
155,341
101.4
-5.27
0.18
2002
 
125,797
0.808
155,711
101.7
0.24
0.18
2003
 
131,646
0.824
159,846
104.4
2.66
0.18
2004
 
137,230
0.844
162,574
106.1
1.71
0.17
2005
 
139,828
0.868
161,070
105.2
-0.92
0.15
2006
 
141,211
0.892
158,354
103.4
-1.69
0.14
2007
 
151,507
0.914
165,694
108.2
4.63
0.14
2008
 
178,929
0.942
189,986
124.0
14.66
0.17
2009
 
183,786
0.941
195,322
127.5
2.81
0.19
2010
 
191,939
0.957
200,553
130.9
2.68
0.19
2011
 
170,677
0.981
173,928
113.5
-13.28
0.16
2012
 
151,771
1.000
151,771
99.1
-12.74
0.14
2013
 
146,067
1.013
144,127
94.1
-5.04
0.13
2014
 
152,457
1.028
148,261
96.8
2.87
0.13
2015
 
154,289
1.030
149,730
97.8
0.99
0.12
2016
 
159,865
1.041
153,582
100.3
2.57
0.12
2017
 
162,948
1.059
153,828
100.4
0.16
0.12
2018
 
171,865
1.081
158,924
103.8
3.31
0.12
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 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.

   
 
Nevada:
Total Personal Income, 1969-2018
 
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
 
109,055,072
1.013
107,606,686
945.2
-1.12
0.77
2014
 
116,945,295
1.028
113,726,826
999.0
5.69
0.78
2015
 
126,408,020
1.030
122,672,638
1,077.5
7.87
0.80
2016
 
131,294,012
1.041
126,133,875
1,107.9
2.82
0.81
2017
 
139,448,526
1.059
131,643,389
1,156.3
4.37
0.83
2018
 
149,218,639
1.081
137,982,707
1,212.0
4.82
0.84
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 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 Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_300_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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