Fulton County vs. Kentucky
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Fulton County vs. Kentucky
Fulton County:
2022 TPI = $261,853K
2022 Percent of State = 0.11%
Kentucky:
2022 TPI = $234,281,888K
2022 Percent of U.S. = 1.07%
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 Fulton County and Kentucky 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.
Fulton County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Fulton County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Fulton 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 Fulton County over time.
When measured in current dollars, Fulton County's total personal income increased 803.56%, from $29M in 1970 to $262M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 53.91%, from $147M in 1970 to $226M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Fulton County's and Kentucky'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, Fulton County's real total personal income rose from $132M in 1969 to $226M in 2022, for a net gain of $94M, or 71.28%. In comparison, Kentucky's real total personal income advanced from $51,431M in 1969 to $201,892M in 2022, for a net advance of $150,461M, or 292.55%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Fulton County's real total personal income growth in a broader context by offering direct comparisons across time with Kentucky, 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.
Fulton County's overall real total personal income growth was 71.28% over 1969-2022 trailed Kentucky's increase of 292.55%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Kentucky Total: 1969-2022
Total Personal Income as a Percent of the Kentucky Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total personal income growth of Fulton County is to trace its individual percentage contributions to Kentucky'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 Kentucky's total personal income, while a declining share shows it grew more slowly.
In 1969, Fulton County's total personal income comprised 0.26% of Kentucky's total personal income, while in 2022 it totaled 0.11% thereby yielding a -0.14% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.14%
=
0.11%
-
0.26%
 
   
Fulton County Real Total Personal Income:
Annual Percent Change, 1970-2022
Fulton County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Fulton 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 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, Fulton County's real total personal income grew at an annual rate of 1.20% over 1970-2022. The county posted its highest growth in 1984 (15.64%) and posted its lowest growth in 1980 (-9.38%). In 2022, Fulton County's real total personal income declined by -8.91%
Fulton County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Fulton 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 depicts the annual percent change in Fulton 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, Fulton County's annual real total personal income growth rate averaged 4.46%. It averaged 0.39% during the 1980s, 0.00% in the 1990s, 0.71% in the 2000s, -0.34% during the 2010s, 3.79% 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 Fulton County noted in the previous graph with the corresponding decade averages for Kentucky and the nation. As the chart reveals, Fulton County's average annual real total personal income growth exceeded Kentucky's average during the 1970s (4.46% vs. 4.29%), lagged Kentucky's average during the 1980s (0.39% vs. 1.99%), amounted to less than Kentucky's average in the 1990s (0.00% vs. 3.16%), lagged Kentucky's average during the 2000s (0.71% vs. 1.92%), amounted to less than Kentucky's average during the 2010s (-0.34% vs. 1.91%), and outpaced Kentucky's average over the 3 year period of the current decade, 2020-2022 (3.79% vs. 2.41%).
Finally, relative to nationwide real total personal income growth trends, Fulton County exceeded the nation in the 1970s (4.46% vs. 3.50%), lagged the nation throughout the 1980s (0.39% vs. 3.16%), fell below the nation throughout the 1990s (0.00% vs. 3.27%), recorded underneath the nation during the 2000s (0.71% vs. 2.06%), trailed the nation during the 2010s (-0.34% vs. 2.72%), and led the nation over 2020-2022 (3.79% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.20
4.46
0.39
0.00
0.71
-0.34
3.79
-8.91
 
2.64
4.29
1.99
3.16
1.92
1.91
2.41
-5.29
 
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.

   
 
Fulton County:
Total Personal Income, 1969-2022
 
1969
 
24,877
0.189
131,743
100.0
N
0.26
1970
 
28,980
0.198
146,615
111.3
11.29
0.28
1971
 
32,501
0.206
157,734
119.7
7.58
0.28
1972
 
33,688
0.213
158,100
120.0
0.23
0.27
1973
 
39,696
0.225
176,780
134.2
11.82
0.28
1974
 
42,221
0.248
170,294
129.3
-3.67
0.26
1975
 
46,155
0.269
171,835
130.4
0.91
0.26
1976
 
51,391
0.283
181,382
137.7
5.56
0.26
1977
 
60,434
0.302
200,272
152.0
10.41
0.28
1978
 
59,465
0.323
184,239
139.8
-8.01
0.24
1979
 
70,244
0.351
199,880
151.7
8.49
0.26
1980
 
70,513
0.389
181,137
137.5
-9.38
0.24
1981
 
81,054
0.424
191,097
145.1
5.50
0.24
1982
 
82,180
0.448
183,556
139.3
-3.95
0.23
1983
 
82,142
0.467
175,983
133.6
-4.13
0.22
1984
 
98,577
0.484
203,508
154.5
15.64
0.24
1985
 
99,430
0.501
198,352
150.6
-2.53
0.23
1986
 
103,330
0.512
201,742
153.1
1.71
0.23
1987
 
102,072
0.528
193,311
146.7
-4.18
0.22
1988
 
108,331
0.549
197,450
149.9
2.14
0.21
1989
 
116,502
0.573
203,458
154.4
3.04
0.21
1990
 
114,460
0.598
191,485
145.3
-5.88
0.20
1991
 
117,192
0.618
189,711
144.0
-0.93
0.19
1992
 
129,571
0.634
204,306
155.1
7.69
0.20
1993
 
131,295
0.650
201,992
153.3
-1.13
0.19
1994
 
139,328
0.664
209,970
159.4
3.95
0.19
1995
 
145,564
0.678
214,842
163.1
2.32
0.19
1996
 
154,789
0.692
223,674
169.8
4.11
0.19
1997
 
152,763
0.704
216,971
164.7
-3.00
0.18
1998
 
147,769
0.710
208,222
158.1
-4.03
0.17
1999
 
145,334
0.720
201,850
153.2
-3.06
0.16
2000
 
160,342
0.738
217,201
164.9
7.61
0.16
2001
 
163,320
0.753
216,887
164.6
-0.14
0.16
2002
 
162,656
0.763
213,205
161.8
-1.70
0.15
2003
 
172,979
0.779
222,070
168.6
4.16
0.16
2004
 
175,483
0.798
219,829
166.9
-1.01
0.15
2005
 
182,814
0.821
222,599
169.0
1.26
0.15
2006
 
176,132
0.844
208,588
158.3
-6.29
0.14
2007
 
176,229
0.866
203,481
154.5
-2.45
0.13
2008
 
185,042
0.892
207,516
157.5
1.98
0.13
2009
 
191,384
0.889
215,229
163.4
3.72
0.14
2010
 
184,114
0.905
203,409
154.4
-5.49
0.13
2011
 
205,227
0.928
221,140
167.9
8.72
0.14
2012
 
190,293
0.945
201,296
152.8
-8.97
0.12
2013
 
204,416
0.958
213,420
162.0
6.02
0.13
2014
 
194,903
0.971
200,681
152.3
-5.97
0.12
2015
 
196,482
0.973
201,936
153.3
0.63
0.11
2016
 
189,370
0.983
192,676
146.3
-4.59
0.11
2017
 
197,324
1.000
197,324
149.8
2.41
0.11
2018
 
192,865
1.020
188,996
143.5
-4.22
0.10
2019
 
211,455
1.035
204,279
155.1
8.09
0.11
2020
 
230,492
1.046
220,282
167.2
7.83
0.11
2021
 
270,025
1.090
247,727
188.0
12.46
0.12
2022
 
261,853
1.160
225,652
171.3
-8.91
0.11
Source: Calculations by the Kentucky Regional Economic Analysis Project (KY-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.

   
 
Kentucky:
Total Personal Income, 1969-2022
 
1969
 
9,711,706
0.189
51,430,948
100.0
N
1.23
1970
 
10,534,849
0.198
53,297,830
103.6
3.63
1.23
1971
 
11,466,051
0.206
55,646,935
108.2
4.41
1.24
1972
 
12,679,771
0.213
59,507,091
115.7
6.94
1.25
1973
 
14,252,540
0.225
63,471,565
123.4
6.66
1.26
1974
 
16,052,187
0.248
64,744,835
125.9
2.01
1.29
1975
 
17,479,191
0.269
65,075,171
126.5
0.51
1.28
1976
 
19,544,359
0.283
68,980,902
134.1
6.00
1.31
1977
 
21,933,925
0.302
72,686,655
141.3
5.37
1.33
1978
 
24,444,005
0.323
75,734,307
147.3
4.19
1.32
1979
 
27,454,302
0.351
78,121,680
151.9
3.15
1.32
1980
 
29,879,523
0.389
76,755,865
149.2
-1.75
1.29
1981
 
33,220,541
0.424
78,322,624
152.3
2.04
1.28
1982
 
35,387,079
0.448
79,040,180
153.7
0.92
1.27
1983
 
36,765,030
0.467
78,766,454
153.1
-0.35
1.24
1984
 
41,024,190
0.484
84,692,479
164.7
7.52
1.25
1985
 
42,799,341
0.501
85,380,109
166.0
0.81
1.22
1986
 
44,002,089
0.512
85,909,700
167.0
0.62
1.18
1987
 
46,347,070
0.528
87,775,217
170.7
2.17
1.18
1988
 
50,536,886
0.549
92,111,339
179.1
4.94
1.19
1989
 
54,313,733
0.573
94,852,924
184.4
2.98
1.18
1990
 
57,664,576
0.598
96,469,387
187.6
1.70
1.18
1991
 
60,894,857
0.618
98,576,840
191.7
2.18
1.20
1992
 
65,508,425
0.634
103,293,007
200.8
4.78
1.21
1993
 
68,068,630
0.650
104,720,969
203.6
1.38
1.21
1994
 
71,532,496
0.664
107,801,097
209.6
2.94
1.21
1995
 
74,960,257
0.678
110,635,914
215.1
2.63
1.19
1996
 
79,482,505
0.692
114,854,132
223.3
3.81
1.19
1997
 
84,466,334
0.704
119,968,659
233.3
4.45
1.19
1998
 
89,403,051
0.710
125,978,343
244.9
5.01
1.18
1999
 
93,174,966
0.720
129,407,878
251.6
2.72
1.17
2000
 
100,475,073
0.738
136,104,512
264.6
5.17
1.17
2001
 
103,997,797
0.753
138,107,616
268.5
1.47
1.16
2002
 
106,551,862
0.763
139,665,048
271.6
1.13
1.16
2003
 
109,765,865
0.779
140,916,971
274.0
0.90
1.16
2004
 
116,214,070
0.798
145,582,409
283.1
3.31
1.16
2005
 
121,734,486
0.821
148,227,119
288.2
1.82
1.15
2006
 
128,584,095
0.844
152,278,653
296.1
2.73
1.14
2007
 
134,209,937
0.866
154,964,307
301.3
1.76
1.13
2008
 
140,837,674
0.892
157,942,889
307.1
1.92
1.13
2009
 
138,999,735
0.889
156,318,232
303.9
-1.03
1.15
2010
 
144,335,559
0.905
159,462,137
310.1
2.01
1.15
2011
 
151,379,896
0.928
163,117,857
317.2
2.29
1.14
2012
 
156,564,902
0.945
165,617,558
322.0
1.53
1.13
2013
 
157,905,375
0.958
164,860,854
320.5
-0.46
1.12
2014
 
164,862,106
0.971
169,749,185
330.1
2.97
1.12
2015
 
172,269,382
0.973
177,051,544
344.3
4.30
1.11
2016
 
175,275,581
0.983
178,335,824
346.7
0.73
1.10
2017
 
180,836,063
1.000
180,836,063
351.6
1.40
1.09
2018
 
186,931,085
1.020
183,181,363
356.2
1.30
1.07
2019
 
195,419,696
1.035
188,787,588
367.1
3.06
1.07
2020
 
211,966,801
1.046
202,577,341
393.9
7.30
1.08
2021
 
232,362,631
1.090
213,174,770
414.5
5.23
1.09
2022
 
234,281,888
1.160
201,892,305
392.6
-5.29
1.07
Source: Calculations by the Kentucky Regional Economic Analysis Project (KY-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 Kentucky Regional Economic Analysis Project (KY-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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