Sioux County vs. Iowa
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Sioux County vs. Iowa
Sioux County:
2022 TPI = $2,427,942K
2022 Percent of State = 1.26%
Iowa:
2022 TPI = $192,742,369K
2022 Percent of U.S. = 0.88%
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 Sioux County and Iowa 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.
Sioux County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Sioux County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Sioux 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 Sioux County over time.
When measured in current dollars, Sioux County's total personal income increased 2,311.16%, from $101M in 1970 to $2,428M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 310.70%, from $509M in 1970 to $2,092M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Sioux County's and Iowa'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, Sioux County's real total personal income rose from $503M in 1969 to $2,092M in 2022, for a net gain of $1,589M, or 315.71%. In comparison, Iowa's real total personal income increased from $54,939M in 1969 to $166,096M in 2022, for a net gain of $111,157M, or 202.33%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Sioux County's real total personal income growth in a broader context by offering direct comparisons across time with Iowa, 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.
Sioux County's overall real total personal income growth was 315.71% over 1969-2022 outpaced Iowa's increase of 202.33%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Iowa Total: 1969-2022
Total Personal Income as a Percent of the Iowa Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Sioux County is to trace its individual percentage contributions to Iowa'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 Iowa's total personal income, while a declining share shows it grew more slowly.
In 1969, Sioux County's total personal income comprised 0.92% of Iowa's total personal income, while in 2022 it comprised 1.26% thereby yielding a +0.34% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.34%
=
1.26%
-
0.92%
 
   
Sioux County Real Total Personal Income:
Annual Percent Change, 1970-2022
Sioux County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Sioux 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, Sioux County's real total personal income grew at an annual rate of 2.98% over 1970-2022. The county posted its highest growth in 1973 (22.24%) and recorded its lowest growth in 1974 (-11.47%). In 2022, Sioux County's real total personal income grew by 7.06%
Sioux County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Sioux 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 shows the annual percent change in Sioux 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, 2010s, and 2020-2022.
During the 1970s, Sioux County's annual real total personal income growth rate averaged 4.27%. It averaged 1.17% in the 1980s, 2.59% throughout the 1990s, 1.80% during the 2000s, 3.79% during the 2010s, 7.19% thus far this decade (2020-2022).
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 Sioux County noted in the previous graph with the corresponding decade averages for Iowa and the nation. As the chart reveals, Sioux County's average annual real total personal income growth recorded above Iowa's average throughout the 1970s (4.27% vs. 3.28%), outpaced Iowa's average during the 1980s (1.17% vs. 0.87%), led Iowa's average during the 1990s (2.59% vs. 2.56%), trailed Iowa's average in the 2000s (1.80% vs. 2.03%), recorded above Iowa's average in the 2010s (3.79% vs. 1.87%), and exceeded Iowa's average over the 3 year period of the current decade, 2020-2022 (7.19% vs. 2.90%).
Finally, relative to nationwide real total personal income growth trends, Sioux County recorded above the nation during the 1970s (4.27% vs. 3.50%), fell below the nation throughout the 1980s (1.17% vs. 3.16%), posted below the nation in the 1990s (2.59% vs. 3.27%), fell under the nation during the 2000s (1.80% vs. 2.06%), led the nation during the 2010s (3.79% vs. 2.72%), and topped the nation over 2020-2022 (7.19% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.98
4.27
1.17
2.59
1.80
3.79
7.19
7.06
 
2.17
3.28
0.87
2.56
2.03
1.87
2.90
-2.47
 
2.89
3.50
3.16
3.27
2.06
2.72
2.10
-4.19
 
   

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

   
 
Sioux County:
Total Personal Income, 1969-2022
 
1969
 
95,039
0.189
503,305
100.0
N
0.92
1970
 
100,696
0.198
509,440
101.2
1.22
0.91
1971
 
102,294
0.206
496,452
98.6
-2.55
0.88
1972
 
123,119
0.213
577,806
114.8
16.39
0.94
1973
 
158,608
0.225
706,337
140.3
22.24
1.01
1974
 
155,034
0.248
625,314
124.2
-11.47
0.96
1975
 
156,880
0.269
584,066
116.0
-6.60
0.87
1976
 
171,188
0.283
604,200
120.0
3.45
0.89
1977
 
192,423
0.302
637,669
126.7
5.54
0.90
1978
 
248,457
0.323
769,789
152.9
20.72
1.01
1979
 
253,536
0.351
721,441
143.3
-6.28
0.96
1980
 
254,852
0.389
654,675
130.1
-9.25
0.91
1981
 
300,494
0.424
708,462
140.8
8.22
0.95
1982
 
288,506
0.448
644,404
128.0
-9.04
0.89
1983
 
306,616
0.467
656,903
130.5
1.94
0.92
1984
 
375,004
0.484
774,178
153.8
17.85
1.02
1985
 
387,966
0.501
773,951
153.8
-0.03
1.02
1986
 
381,814
0.512
745,454
148.1
-3.68
0.97
1987
 
398,768
0.528
755,214
150.1
1.31
0.97
1988
 
403,308
0.549
735,092
146.1
-2.66
0.94
1989
 
450,788
0.573
787,251
156.4
7.10
0.97
1990
 
491,285
0.598
821,890
163.3
4.40
1.00
1991
 
486,717
0.618
787,899
156.5
-4.14
0.97
1992
 
543,978
0.634
857,739
170.4
8.86
1.01
1993
 
543,332
0.650
835,895
166.1
-2.55
1.01
1994
 
586,030
0.664
883,161
175.5
5.65
1.00
1995
 
608,510
0.678
898,117
178.4
1.69
0.99
1996
 
696,710
0.692
1,006,763
200.0
12.10
1.04
1997
 
731,682
0.704
1,039,218
206.5
3.22
1.05
1998
 
723,939
0.710
1,020,107
202.7
-1.84
0.99
1999
 
723,618
0.720
1,005,011
199.7
-1.48
0.96
2000
 
776,133
0.738
1,051,357
208.9
4.61
0.97
2001
 
826,584
0.753
1,097,692
218.1
4.41
1.00
2002
 
849,509
0.763
1,113,511
221.2
1.44
1.01
2003
 
899,979
0.779
1,155,389
229.6
3.76
1.04
2004
 
951,412
0.798
1,191,842
236.8
3.16
1.02
2005
 
1,003,294
0.821
1,221,637
242.7
2.50
1.04
2006
 
1,047,663
0.844
1,240,719
246.5
1.56
1.03
2007
 
1,095,548
0.866
1,264,965
251.3
1.95
1.00
2008
 
1,176,961
0.892
1,319,907
262.2
4.34
1.01
2009
 
1,059,726
0.889
1,191,761
236.8
-9.71
0.94
2010
 
1,174,417
0.905
1,297,498
257.8
8.87
1.01
2011
 
1,363,693
0.928
1,469,433
292.0
13.25
1.09
2012
 
1,499,904
0.945
1,586,629
315.2
7.98
1.14
2013
 
1,553,955
0.958
1,622,404
322.4
2.25
1.16
2014
 
1,640,540
0.971
1,689,171
335.6
4.12
1.19
2015
 
1,757,486
0.973
1,806,273
358.9
6.93
1.23
2016
 
1,654,666
0.983
1,683,556
334.5
-6.79
1.15
2017
 
1,766,809
1.000
1,766,809
351.0
4.95
1.19
2018
 
1,835,331
1.020
1,798,515
357.3
1.79
1.19
2019
 
1,759,507
1.035
1,699,793
337.7
-5.49
1.11
2020
 
1,953,931
1.046
1,867,378
371.0
9.86
1.16
2021
 
2,130,142
1.090
1,954,241
388.3
4.65
1.15
2022
 
2,427,942
1.160
2,092,278
415.7
7.06
1.26
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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.

   
 
Iowa:
Total Personal Income, 1969-2022
 
1969
 
10,374,042
0.189
54,938,527
100.0
N
1.31
1970
 
11,094,958
0.198
56,131,529
102.2
2.17
1.30
1971
 
11,641,612
0.206
56,498,966
102.8
0.65
1.26
1972
 
13,040,147
0.213
61,198,362
111.4
8.32
1.28
1973
 
15,654,782
0.225
69,716,241
126.9
13.92
1.38
1974
 
16,224,999
0.248
65,441,855
119.1
-6.13
1.30
1975
 
18,133,702
0.269
67,511,921
122.9
3.16
1.33
1976
 
19,280,266
0.283
68,048,798
123.9
0.80
1.29
1977
 
21,275,256
0.302
70,503,897
128.3
3.61
1.29
1978
 
24,537,218
0.323
76,023,107
138.4
7.83
1.32
1979
 
26,300,036
0.351
74,837,197
136.2
-1.56
1.27
1980
 
28,010,088
0.389
71,953,576
131.0
-3.85
1.21
1981
 
31,683,533
0.424
74,698,887
136.0
3.82
1.22
1982
 
32,544,966
0.448
72,692,069
132.3
-2.69
1.17
1983
 
33,176,068
0.467
71,077,359
129.4
-2.22
1.12
1984
 
36,915,948
0.484
76,211,210
138.7
7.22
1.13
1985
 
38,212,569
0.501
76,229,989
138.8
0.02
1.09
1986
 
39,474,436
0.512
77,069,908
140.3
1.10
1.06
1987
 
41,225,071
0.528
78,074,829
142.1
1.30
1.05
1988
 
42,726,732
0.549
77,876,118
141.8
-0.25
1.00
1989
 
46,504,223
0.573
81,214,479
147.8
4.29
1.01
1990
 
49,020,192
0.598
82,007,849
149.3
0.98
1.00
1991
 
50,210,881
0.618
81,281,576
148.0
-0.89
0.99
1992
 
53,763,230
0.634
84,773,305
154.3
4.30
0.99
1993
 
54,005,634
0.650
83,085,591
151.2
-1.99
0.96
1994
 
58,888,902
0.664
88,746,914
161.5
6.81
0.99
1995
 
61,256,400
0.678
90,410,013
164.6
1.87
0.98
1996
 
66,724,719
0.692
96,418,824
175.5
6.65
1.00
1997
 
69,908,244
0.704
99,291,610
180.7
2.98
0.99
1998
 
73,147,507
0.710
103,072,565
187.6
3.81
0.96
1999
 
74,998,667
0.720
104,163,369
189.6
1.06
0.94
2000
 
80,082,603
0.738
108,480,674
197.5
4.14
0.93
2001
 
82,519,741
0.753
109,585,059
199.5
1.02
0.92
2002
 
84,518,170
0.763
110,783,933
201.7
1.09
0.92
2003
 
86,330,620
0.779
110,830,898
201.7
0.04
0.91
2004
 
93,377,873
0.798
116,975,300
212.9
5.54
0.93
2005
 
96,079,986
0.821
116,989,524
212.9
0.01
0.91
2006
 
101,998,567
0.844
120,794,134
219.9
3.25
0.90
2007
 
109,069,046
0.866
125,935,601
229.2
4.26
0.91
2008
 
116,112,823
0.892
130,215,121
237.0
3.40
0.93
2009
 
112,963,427
0.889
127,037,963
231.2
-2.44
0.94
2010
 
116,535,730
0.905
128,748,845
234.4
1.35
0.93
2011
 
125,499,836
0.928
135,231,063
246.1
5.03
0.94
2012
 
131,136,968
0.945
138,719,369
252.5
2.58
0.94
2013
 
133,435,138
0.958
139,312,743
253.6
0.43
0.95
2014
 
137,733,486
0.971
141,816,380
258.1
1.80
0.93
2015
 
142,521,151
0.973
146,477,509
266.6
3.29
0.92
2016
 
143,839,853
0.983
146,351,240
266.4
-0.09
0.91
2017
 
147,911,455
1.000
147,911,455
269.2
1.07
0.89
2018
 
154,686,050
1.020
151,583,143
275.9
2.48
0.88
2019
 
158,118,510
1.035
152,752,321
278.0
0.77
0.86
2020
 
167,778,898
1.046
160,346,823
291.9
4.97
0.86
2021
 
185,621,741
1.090
170,293,613
310.0
6.20
0.87
2022
 
192,742,369
1.160
166,095,645
302.3
-2.47
0.88
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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, 1969-2022
 
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
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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