Kent County vs. Delaware | Total Personal Income Trends over 1969-2022

Introduction

Kent County:

2022 TPI = $9,569,448K

2022 Percent of State = 14.86%

Delaware:

2022 TPI = $64,406,597K

2022 Percent of U.S. = 0.30%

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 Kent County and Delaware 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.

Kent County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Kent 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 Kent County over time.

When measured in current dollars, Kent County's total personal income increased 2,806.01%, from $329M in 1970 to $9,569M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 394.99%, from $1,666M in 1970 to $8,246M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 tracks Kent County's and Delaware'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, Kent County's real total personal income rose from $1,585M in 1969 to $8,246M in 2022, for a net gain of $6,661M, or 420.13%. In comparison, Delaware's real total personal income increased from $12,928M in 1969 to $55,502M in 2022, for a net gain of $42,574M, or 329.32%.

Real Total Personal Income Indices (1969=100): 1969-2022

Figure 3.

Figure 3 portrays Kent County's real total personal income growth in a broader context by offering direct comparisons across time with Delaware, 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.

Kent County's overall real total personal income growth was 420.13% over 1969-2022 outpaced Delaware's increase of 329.32%, and outpaced the United States' increase of 348.76%.

Total Personal Income as a Percent of the Delaware Total: 1969-2022

Figure 4.

Another interesting and insightful way of contrasting the total personal income growth of Kent County is to compare its individual percentage contributions to Delaware'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 Delaware's total personal income, while a declining share shows it grew more slowly.

In 1969, Kent County's total personal income comprised 12.26% of Delaware's total personal income, while in 2022 it comprised 14.86% thereby yielding a +2.59% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Kent County	+2.59%	=	14.86%	-	12.26%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Kent County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 5.

Figure 5 shows the short-run pattern of Kent 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, Kent County's real total personal income grew at an annual rate of 3.19% over 1970-2022. The county recorded its highest growth in 1998 (8.01%) and posted its lowest growth in 1980 (-1.30%). In 2022, Kent County's real total personal income declined by -1.14%

Kent 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 Kent 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, Kent County's annual real total personal income growth rate averaged 3.34%. It averaged 3.67% during the 1980s, 3.39% in the 1990s, 3.64% during the 2000s, 2.15% throughout the 2010s, 2.34% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 7.

Figure 7 compares the decade average growth rates for Kent County noted in the previous graph with the corresponding decade averages for Delaware and the nation. As the chart reveals, Kent County's average annual real total personal income growth led Delaware's average during the 1970s (3.34% vs. 2.36%), fell below Delaware's average throughout the 1980s (3.67% vs. 3.89%), recorded under Delaware's average in the 1990s (3.39% vs. 3.51%), outperformed Delaware's average during the 2000s (3.64% vs. 2.13%), fell below Delaware's average during the 2010s (2.15% vs. 2.18%), and amounted to less than Delaware's average over the 3 year period of the current decade, 2020-2022 (2.34% vs. 2.90%).

Finally, relative to nationwide real total personal income growth trends, Kent County trailed the nation in the 1970s (3.34% vs. 3.50%), topped the nation in the 1980s (3.67% vs. 3.16%), outperformed the nation over the 1990s (3.39% vs. 3.27%), exceeded the nation during the 2000s (3.64% vs. 2.06%), trailed the nation during the 2010s (2.15% vs. 2.72%), and outpaced the nation over 2020-2022 (2.34% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Kent	3.19	3.34	3.67	3.39	3.64	2.15	2.34	-1.14
Delaware	2.82	2.36	3.89	3.51	2.13	2.18	2.90	2.24
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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

Kent County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	299,381	0.189	1,585,453	100.0	N	12.26
1970	329,298	0.198	1,665,982	105.1	5.08	12.67
1971	366,988	0.206	1,781,063	112.3	6.91	12.90
1972	408,579	0.213	1,917,491	120.9	7.66	13.07
1973	456,659	0.225	2,033,663	128.3	6.06	13.19
1974	510,034	0.248	2,057,169	129.8	1.16	13.61
1975	562,531	0.269	2,094,308	132.1	1.81	13.96
1976	607,527	0.283	2,144,238	135.2	2.38	13.79
1977	649,026	0.302	2,150,802	135.7	0.31	13.69
1978	716,082	0.323	2,218,621	139.9	3.15	13.77
1979	771,112	0.351	2,194,212	138.4	-1.10	13.49
1980	843,044	0.389	2,165,649	136.6	-1.30	13.10
1981	949,366	0.424	2,238,279	141.2	3.35	13.40
1982	1,025,966	0.448	2,291,586	144.5	2.38	13.46
1983	1,090,969	0.467	2,337,323	147.4	2.00	13.42
1984	1,192,633	0.484	2,462,134	155.3	5.34	13.32
1985	1,286,658	0.501	2,566,745	161.9	4.25	13.23
1986	1,388,507	0.512	2,710,922	171.0	5.62	13.42
1987	1,491,993	0.528	2,825,637	178.2	4.23	13.39
1988	1,637,695	0.549	2,984,954	188.3	5.64	13.37
1989	1,798,834	0.573	3,141,465	198.1	5.24	13.21
1990	1,913,241	0.598	3,200,738	201.9	1.89	13.31
1991	2,034,052	0.618	3,292,732	207.7	2.87	13.37
1992	2,143,458	0.634	3,379,782	213.2	2.64	13.52
1993	2,208,424	0.650	3,397,575	214.3	0.53	13.42
1994	2,312,117	0.664	3,484,413	219.8	2.56	13.48
1995	2,465,177	0.678	3,638,423	229.5	4.42	13.58
1996	2,641,639	0.692	3,817,232	240.8	4.91	13.61
1997	2,696,741	0.704	3,830,217	241.6	0.34	13.28
1998	2,935,981	0.710	4,137,107	260.9	8.01	13.06
1999	3,149,408	0.720	4,374,117	275.9	5.73	13.06
2000	3,449,867	0.738	4,673,223	294.8	6.84	12.98
2001	3,480,655	0.753	4,622,261	291.5	-1.09	11.85
2002	3,707,342	0.763	4,859,475	306.5	5.13	12.21
2003	3,963,100	0.779	5,087,812	320.9	4.70	12.75
2004	4,298,527	0.798	5,384,803	339.6	5.84	13.32
2005	4,504,720	0.821	5,485,066	346.0	1.86	13.62
2006	4,862,907	0.844	5,759,009	363.2	4.99	13.89
2007	5,107,447	0.866	5,897,268	372.0	2.40	14.10
2008	5,291,088	0.892	5,933,709	374.3	0.62	14.51
2009	5,545,302	0.889	6,236,212	393.3	5.10	15.15
2010	5,576,528	0.905	6,160,956	388.6	-1.21	15.08
2011	5,866,771	0.928	6,321,679	398.7	2.61	14.76
2012	5,944,793	0.945	6,288,524	396.6	-0.52	14.82
2013	6,151,281	0.958	6,422,235	405.1	2.13	15.12
2014	6,376,046	0.971	6,565,054	414.1	2.22	15.03
2015	6,519,354	0.973	6,700,330	422.6	2.06	14.61
2016	6,845,986	0.983	6,965,514	439.3	3.96	14.91
2017	7,182,594	1.000	7,182,594	453.0	3.12	14.94
2018	7,543,351	1.020	7,392,036	466.2	2.92	14.75
2019	7,971,491	1.035	7,700,956	485.7	4.18	15.11
2020	8,398,176	1.046	8,026,163	506.2	4.22	15.18
2021	9,092,417	1.090	8,341,590	526.1	3.93	15.37
2022	9,569,448	1.160	8,246,467	520.1	-1.14	14.86

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Delaware Regional Economic Analysis Project (DE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PSN

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

Delaware:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	2,441,193	0.189	12,927,993	100.0	N	0.31
1970	2,599,931	0.198	13,153,552	101.7	1.74	0.30
1971	2,844,088	0.206	13,802,902	106.8	4.94	0.31
1972	3,124,948	0.213	14,665,609	113.4	6.25	0.31
1973	3,462,300	0.225	15,418,838	119.3	5.14	0.31
1974	3,747,067	0.248	15,113,407	116.9	-1.98	0.30
1975	4,029,225	0.269	15,000,838	116.0	-0.74	0.30
1976	4,403,982	0.283	15,543,649	120.2	3.62	0.29
1977	4,741,121	0.302	15,711,562	121.5	1.08	0.29
1978	5,201,590	0.323	16,115,969	124.7	2.57	0.28
1979	5,718,290	0.351	16,271,491	125.9	0.97	0.28
1980	6,434,021	0.389	16,528,003	127.8	1.58	0.28
1981	7,083,806	0.424	16,701,181	129.2	1.05	0.27
1982	7,621,178	0.448	17,022,577	131.7	1.92	0.27
1983	8,132,038	0.467	17,422,311	134.8	2.35	0.27
1984	8,954,939	0.484	18,487,043	143.0	6.11	0.27
1985	9,723,692	0.501	19,397,726	150.0	4.93	0.28
1986	10,349,456	0.512	20,206,283	156.3	4.17	0.28
1987	11,139,874	0.528	21,097,447	163.2	4.41	0.28
1988	12,247,487	0.549	22,322,951	172.7	5.81	0.29
1989	13,621,036	0.573	23,787,632	184.0	6.56	0.30
1990	14,370,177	0.598	24,040,447	186.0	1.06	0.29
1991	15,216,407	0.618	24,632,381	190.5	2.46	0.30
1992	15,849,784	0.634	24,991,775	193.3	1.46	0.29
1993	16,458,401	0.650	25,320,617	195.9	1.32	0.29
1994	17,157,641	0.664	25,856,955	200.0	2.12	0.29
1995	18,157,065	0.678	26,798,514	207.3	3.64	0.29
1996	19,406,095	0.692	28,042,274	216.9	4.64	0.29
1997	20,306,455	0.704	28,841,529	223.1	2.85	0.29
1998	22,475,726	0.710	31,670,672	245.0	9.81	0.30
1999	24,116,650	0.720	33,494,882	259.1	5.76	0.30
2000	26,586,900	0.738	36,014,874	278.6	7.52	0.31
2001	29,374,785	0.753	39,009,303	301.7	8.31	0.33
2002	30,360,262	0.763	39,795,339	307.8	2.01	0.33
2003	31,071,781	0.779	39,889,826	308.6	0.24	0.33
2004	32,271,293	0.798	40,426,539	312.7	1.35	0.32
2005	33,073,339	0.821	40,270,969	311.5	-0.38	0.31
2006	35,003,147	0.844	41,453,277	320.6	2.94	0.31
2007	36,211,444	0.866	41,811,221	323.4	0.86	0.30
2008	36,462,924	0.892	40,891,470	316.3	-2.20	0.29
2009	36,610,712	0.889	41,172,178	318.5	0.69	0.30
2010	36,980,808	0.905	40,856,451	316.0	-0.77	0.29
2011	39,760,604	0.928	42,843,632	331.4	4.86	0.30
2012	40,122,555	0.945	42,442,460	328.3	-0.94	0.29
2013	40,677,771	0.958	42,469,562	328.5	0.06	0.29
2014	42,422,891	0.971	43,680,451	337.9	2.85	0.29
2015	44,626,257	0.973	45,865,073	354.8	5.00	0.29
2016	45,928,401	0.983	46,730,293	361.5	1.89	0.29
2017	48,077,134	1.000	48,077,134	371.9	2.88	0.29
2018	51,150,363	1.020	50,124,318	387.7	4.26	0.29
2019	52,740,700	1.035	50,950,798	394.1	1.65	0.29
2020	55,338,407	1.046	52,887,090	409.1	3.80	0.28
2021	59,172,329	1.090	54,286,042	419.9	2.65	0.28
2022	64,406,597	1.160	55,502,354	429.3	2.24	0.30

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Delaware Regional Economic Analysis Project (DE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PSN

Interactive Table 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, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Delaware Regional Economic Analysis Project (DE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PN

Outline of Analysis

Download, Print or Share

Please stay tuned...
while your request is processing:

Outline of Analysis

Download, Print or Share

Please stay tuned...while your request is processing:

Please stay tuned...
while your request is processing: