Lewis County vs. Kentucky
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Lewis County vs. Kentucky
Lewis County:
2022 TPI = $494,697K
2022 Percent of State = 0.21%
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 Lewis 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.
Lewis County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Lewis County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lewis 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 Lewis County over time.
When measured in current dollars, Lewis County's total personal income increased 1,674.25%, from $28M in 1970 to $495M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 202.21%, from $141M in 1970 to $426M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Lewis 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, Lewis County's real total personal income rose from $141M in 1969 to $426M in 2022, for a net gain of $286M, or 203.02%. In comparison, Kentucky's real total personal income increased from $51,431M in 1969 to $201,892M in 2022, for a net gain 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 Lewis 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.
Lewis County's overall real total personal income growth was 203.02% 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 comparing the total personal income growth of Lewis County is to compare 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, Lewis County's total personal income totaled 0.27% of Kentucky's total personal income, while in 2022 it totaled 0.21% thereby yielding a -0.06% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.06%
=
0.21%
-
0.27%
 
   
Lewis County Real Total Personal Income:
Annual Percent Change, 1970-2022
Lewis County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Lewis 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, Lewis County's real total personal income grew at an annual rate of 2.19% over 1970-2022. The county posted its highest growth in 2020 (11.63%) and posted its lowest growth in 2022 (-9.91%). In 2022, Lewis County's real total personal income declined by -9.91%
Lewis County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Lewis 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 Lewis 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, Lewis County's annual real total personal income growth rate averaged 4.07%. It averaged -0.13% throughout the 1980s, 3.03% throughout the 1990s, 2.86% throughout the 2000s, 1.16% in the 2010s, 2.04% 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 Lewis County noted in the previous graph with the corresponding decade averages for Kentucky and the nation. As the chart reveals, Lewis County's average annual real total personal income growth lagged Kentucky's average throughout the 1970s (4.07% vs. 4.29%), lagged Kentucky's average in the 1980s (-0.13% vs. 1.99%), lagged Kentucky's average during the 1990s (3.03% vs. 3.16%), topped Kentucky's average during the 2000s (2.86% vs. 1.92%), trailed Kentucky's average in the 2010s (1.16% vs. 1.91%), and amounted to less than Kentucky's average over the 3 year period of the current decade, 2020-2022 (2.04% vs. 2.41%).
Finally, relative to nationwide real total personal income growth trends, Lewis County led the nation during the 1970s (4.07% vs. 3.50%), recorded underneath the nation in the 1980s (-0.13% vs. 3.16%), fell under the nation throughout the 1990s (3.03% vs. 3.27%), exceeded the nation over the 2000s (2.86% vs. 2.06%), lagged the nation during the 2010s (1.16% vs. 2.72%), and lagged the nation over 2020-2022 (2.04% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.19
4.07
-0.13
3.03
2.86
1.16
2.04
-9.91
 
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.

   
 
Lewis County:
Total Personal Income, 1969-2022
 
1969
 
26,566
0.189
140,687
100.0
N
0.27
1970
 
27,882
0.198
141,060
100.3
0.27
0.26
1971
 
27,675
0.206
134,312
95.5
-4.78
0.24
1972
 
31,099
0.213
145,950
103.7
8.66
0.25
1973
 
34,631
0.225
154,224
109.6
5.67
0.24
1974
 
40,337
0.248
162,695
115.6
5.49
0.25
1975
 
44,196
0.269
164,542
117.0
1.14
0.25
1976
 
50,960
0.283
179,861
127.8
9.31
0.26
1977
 
55,081
0.302
182,532
129.7
1.49
0.25
1978
 
61,676
0.323
191,089
135.8
4.69
0.25
1979
 
73,014
0.351
207,763
147.7
8.73
0.27
1980
 
81,567
0.389
209,533
148.9
0.85
0.27
1981
 
90,264
0.424
212,812
151.3
1.56
0.27
1982
 
92,910
0.448
207,523
147.5
-2.49
0.26
1983
 
89,940
0.467
192,690
137.0
-7.15
0.24
1984
 
100,349
0.484
207,166
147.3
7.51
0.24
1985
 
100,202
0.501
199,892
142.1
-3.51
0.23
1986
 
99,688
0.512
194,631
138.3
-2.63
0.23
1987
 
102,503
0.528
194,127
138.0
-0.26
0.22
1988
 
109,106
0.549
198,863
141.4
2.44
0.22
1989
 
116,574
0.573
203,584
144.7
2.37
0.21
1990
 
124,667
0.598
208,560
148.2
2.44
0.22
1991
 
135,235
0.618
218,919
155.6
4.97
0.22
1992
 
148,395
0.634
233,988
166.3
6.88
0.23
1993
 
151,881
0.650
233,663
166.1
-0.14
0.22
1994
 
157,998
0.664
238,107
169.2
1.90
0.22
1995
 
165,877
0.678
244,822
174.0
2.82
0.22
1996
 
175,787
0.692
254,016
180.6
3.76
0.22
1997
 
189,609
0.704
269,304
191.4
6.02
0.22
1998
 
195,443
0.710
275,400
195.8
2.26
0.22
1999
 
196,999
0.720
273,606
194.5
-0.65
0.21
2000
 
206,031
0.738
279,092
198.4
2.00
0.21
2001
 
223,500
0.753
296,805
211.0
6.35
0.21
2002
 
236,372
0.763
309,829
220.2
4.39
0.22
2003
 
248,587
0.779
319,135
226.8
3.00
0.23
2004
 
263,972
0.798
330,680
235.0
3.62
0.23
2005
 
273,032
0.821
332,451
236.3
0.54
0.22
2006
 
286,315
0.844
339,075
241.0
1.99
0.22
2007
 
299,260
0.866
345,538
245.6
1.91
0.22
2008
 
317,917
0.892
356,529
253.4
3.18
0.23
2009
 
322,123
0.889
362,258
257.5
1.61
0.23
2010
 
333,985
0.905
368,987
262.3
1.86
0.23
2011
 
345,310
0.928
372,085
264.5
0.84
0.23
2012
 
350,269
0.945
370,522
263.4
-0.42
0.22
2013
 
361,560
0.958
377,486
268.3
1.88
0.23
2014
 
376,179
0.971
387,330
275.3
2.61
0.23
2015
 
366,964
0.973
377,151
268.1
-2.63
0.21
2016
 
383,663
0.983
390,362
277.5
3.50
0.22
2017
 
398,392
1.000
398,392
283.2
2.06
0.22
2018
 
409,674
1.020
401,456
285.4
0.77
0.22
2019
 
420,278
1.035
406,015
288.6
1.14
0.22
2020
 
474,227
1.046
453,220
322.1
11.63
0.22
2021
 
515,805
1.090
473,211
336.4
4.41
0.22
2022
 
494,697
1.160
426,305
303.0
-9.91
0.21
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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