Pontotoc County vs. Mississippi
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2017
Introduction
Pontotoc County:
2017 TPI = $1,002,116K
2017 Percent of State = 0.9%
Mississippi:
2017 TPI = $109,324,138K
2017 Percent of State = 0.6%
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 Pontotoc County and Mississippi 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 Chain-Weight Implicit Price Deflator for Personal Consumption.
Data Definition:
Personal Income is the income that is received by all persons from all sources. It is calculated as the sum of wage and salary disbursements, 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. The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients.
Pontotoc County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Pontotoc County Total Personal Income, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Pontotoc County's annual total personal income over 1969-2017 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 Pontotoc County over time.
When measured in current dollars, Pontotoc County's total personal income increased 2,666.4%, from $36M in 1969 to $1,002M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 422.0%, from $181M in 1969 to $945M in 2017.
Real Total Personal Income, 1969-2017 (Millions)
Real Total Personal Income, 1969-2017 (Millions)
Figure 2.
Figure 2 traces Pontotoc County's and Mississippi's annual real total personal income for the period 1969-2017 to illustrate real total personal income patterns over time. During this 49-year period, Pontotoc County's real total personal income rose from $181M in 1969 to $945M in 2017, for a net gain of $764M, or 422.0%. In comparison, Mississippi's real total personal income increased from $27,651M in 1969 to $103,065M in 2017, for a net gain of $75,414M, or 272.7%.
Real Total Personal Income Indices (1969=100): 1969-2017
Real Total Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Pontotoc County's real total personal income growth in a broader context by offering direct comparisons across time with Mississippi, 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.
Pontotoc County's overall real total personal income growth was 422.0% over 1969-2017 outpaced Mississippi's increase of 272.7%, and topped the United States' increase of 301.2%.
Total Personal Income as a Percent of the Mississippi Total: 1969-2017
Total Personal Income as a Percent of the Mississippi Total: 1969-2017
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Pontotoc County is to compare its individual percentage contributions to Mississippi'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 Mississippi's total personal income, while a declining share shows it grew more slowly.
In 1969, Pontotoc County's total personal income comprised 0.65% of Mississippi's total personal income, while in 2017 it totaled 0.92% thereby yielding a +0.26% share-shift.
   
 
Total Personal Income Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+0.26%
=
0.92%
-
0.65%
 
   
Pontotoc County Real Total Personal Income:
Annual Percent Change, 1970-2017
Pontotoc County Real Total Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Pontotoc County's real total personal income growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Pontotoc County's real total personal income grew at an annual rate of 3.59% over 1970-2017. The county recorded its highest growth in 1972 (17.82%) and recorded its lowest growth in 1975 (-4.15%). In 2017, Pontotoc County's real total personal income grew by 1.43%
Pontotoc County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Pontotoc County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 Pontotoc 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, and 2010-2017.
During the 1970s, Pontotoc County's annual real total personal income growth rate averaged 6.65%. It averaged 2.60% throughout the 1980s, 3.89% during the 1990s, 2.24% throughout the 2000s, and 2.32% thus far this decade (2010 to 2017).
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 Pontotoc County noted in the previous graph with the corresponding decade averages for Mississippi and the nation. As the chart reveals, Pontotoc County's average annual real total personal income growth registered above Mississippi's average throughout the 1970s (6.65% vs. 4.91%), topped Mississippi's average throughout the 1980s (2.60% vs. 1.95%), recorded above Mississippi's average in the 1990s (3.89% vs. 3.55%), topped Mississippi's average in the 2000s (2.24% vs. 2.15%), and outgained Mississippi's average over the 8 year period of the last decade, 2010-2017 (2.32% vs. 1.14%).
Finally, relative to nationwide real total personal income growth trends, Pontotoc County topped the nation throughout the 1970s (6.65% vs. 3.48%), lagged the nation in the 1980s (2.60% vs. 3.18%), led the nation during the 1990s (3.89% vs. 3.28%), exceeded the nation in the 2000s (2.24% vs. 2.07%), and fell below the nation over 2010-2017 (2.32% vs. 2.72%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.59
6.65
2.60
3.89
2.24
2.32
1.43
 
2.81
4.91
1.95
3.55
2.15
1.14
0.48
 
2.95
3.48
3.18
3.28
2.07
2.72
2.56
 
   

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

   
 
Pontotoc County:
Total Personal Income, 1969-2017
 
1969
 
36,224
0.200
180,984
100.0
N
0.65
1970
 
40,073
0.210
191,270
105.7
5.68
0.66
1971
 
47,504
0.218
217,499
120.2
13.71
0.71
1972
 
57,878
0.226
256,256
141.6
17.82
0.76
1973
 
66,672
0.238
280,111
154.8
9.31
0.76
1974
 
71,134
0.263
270,677
149.6
-3.37
0.74
1975
 
73,863
0.285
259,442
143.4
-4.15
0.71
1976
 
89,442
0.300
297,822
164.6
14.79
0.76
1977
 
99,211
0.320
310,170
171.4
4.15
0.75
1978
 
109,570
0.342
320,277
177.0
3.26
0.75
1979
 
125,566
0.373
337,081
186.2
5.25
0.76
1980
 
133,597
0.413
323,777
178.9
-3.95
0.74
1981
 
150,704
0.450
335,211
185.2
3.53
0.75
1982
 
155,668
0.475
328,026
181.2
-2.14
0.73
1983
 
163,875
0.495
331,235
183.0
0.98
0.73
1984
 
182,891
0.513
356,214
196.8
7.54
0.75
1985
 
195,629
0.531
368,180
203.4
3.36
0.76
1986
 
202,734
0.543
373,428
206.3
1.43
0.76
1987
 
225,234
0.560
402,462
222.4
7.78
0.80
1988
 
246,209
0.582
423,396
233.9
5.20
0.82
1989
 
262,781
0.607
432,989
239.2
2.27
0.80
1990
 
277,953
0.634
438,723
242.4
1.32
0.81
1991
 
290,505
0.655
443,702
245.2
1.13
0.81
1992
 
323,593
0.672
481,408
266.0
8.50
0.83
1993
 
342,121
0.689
496,605
274.4
3.16
0.83
1994
 
365,762
0.703
520,065
287.4
4.72
0.82
1995
 
381,037
0.718
530,611
293.2
2.03
0.80
1996
 
399,439
0.733
544,595
300.9
2.64
0.79
1997
 
418,590
0.746
560,940
309.9
3.00
0.79
1998
 
444,938
0.752
591,547
326.8
5.46
0.79
1999
 
482,823
0.763
632,481
349.5
6.92
0.83
2000
 
506,770
0.782
647,754
357.9
2.41
0.83
2001
 
542,980
0.797
680,955
376.3
5.13
0.83
2002
 
571,897
0.808
707,890
391.1
3.96
0.86
2003
 
602,413
0.824
731,457
404.2
3.33
0.87
2004
 
644,379
0.844
763,383
421.8
4.36
0.88
2005
 
680,713
0.868
784,123
433.3
2.72
0.88
2006
 
707,292
0.892
793,159
438.2
1.15
0.87
2007
 
722,275
0.914
789,907
436.5
-0.41
0.84
2008
 
752,011
0.942
798,483
441.2
1.09
0.84
2009
 
741,270
0.941
787,797
435.3
-1.34
0.84
2010
 
787,850
0.957
823,207
454.8
4.49
0.86
2011
 
854,802
0.981
871,083
481.3
5.82
0.89
2012
 
883,587
1.000
883,587
488.2
1.44
0.89
2013
 
877,752
1.013
866,094
478.5
-1.98
0.87
2014
 
901,440
1.029
876,308
484.2
1.18
0.87
2015
 
941,011
1.031
912,487
504.2
4.13
0.90
2016
 
970,869
1.042
931,423
514.6
2.08
0.91
2017
 
1,002,116
1.061
944,742
522.0
1.43
0.92
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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.

   
 
Mississippi:
Total Personal Income, 1969-2017
 
1969
 
5,534,346
0.200
27,650,992
100.0
N
0.70
1970
 
6,064,385
0.210
28,945,563
104.7
4.68
0.71
1971
 
6,718,511
0.218
30,761,005
111.2
6.27
0.73
1972
 
7,653,682
0.226
33,886,841
122.6
10.16
0.75
1973
 
8,743,228
0.238
36,733,165
132.8
8.40
0.77
1974
 
9,609,803
0.263
36,566,982
132.2
-0.45
0.77
1975
 
10,424,635
0.285
36,616,210
132.4
0.13
0.77
1976
 
11,820,319
0.300
39,359,080
142.3
7.49
0.79
1977
 
13,153,529
0.320
41,122,769
148.7
4.48
0.80
1978
 
14,647,559
0.342
42,815,349
154.8
4.12
0.79
1979
 
16,553,596
0.373
44,437,991
160.7
3.79
0.80
1980
 
17,998,291
0.413
43,619,531
157.8
-1.84
0.78
1981
 
20,205,005
0.450
44,941,957
162.5
3.03
0.78
1982
 
21,340,298
0.475
44,968,598
162.6
0.06
0.77
1983
 
22,336,974
0.495
45,148,915
163.3
0.40
0.76
1984
 
24,400,947
0.513
47,525,363
171.9
5.26
0.75
1985
 
25,725,576
0.531
48,416,411
175.1
1.87
0.73
1986
 
26,678,772
0.543
49,141,227
177.7
1.50
0.72
1987
 
28,202,012
0.560
50,393,131
182.2
2.55
0.72
1988
 
30,162,096
0.582
51,868,577
187.6
2.93
0.71
1989
 
32,651,634
0.607
53,800,682
194.6
3.73
0.71
1990
 
34,267,522
0.634
54,088,110
195.6
0.53
0.70
1991
 
36,072,135
0.655
55,094,673
199.3
1.86
0.71
1992
 
38,903,231
0.672
57,876,210
209.3
5.05
0.72
1993
 
41,442,376
0.689
60,155,571
217.6
3.94
0.73
1994
 
44,847,540
0.703
63,767,297
230.6
6.00
0.76
1995
 
47,381,736
0.718
65,981,167
238.6
3.47
0.75
1996
 
50,290,838
0.733
68,566,572
248.0
3.92
0.75
1997
 
53,121,279
0.746
71,186,201
257.4
3.82
0.75
1998
 
56,289,949
0.752
74,837,733
270.7
5.13
0.74
1999
 
58,160,798
0.763
76,188,527
275.5
1.80
0.73
2000
 
61,339,361
0.782
78,403,989
283.5
2.91
0.71
2001
 
65,233,626
0.797
81,809,960
295.9
4.34
0.72
2002
 
66,372,361
0.808
82,155,196
297.1
0.42
0.72
2003
 
68,980,332
0.824
83,756,687
302.9
1.95
0.73
2004
 
72,896,083
0.844
86,358,511
312.3
3.11
0.73
2005
 
77,774,127
0.868
89,589,143
324.0
3.74
0.73
2006
 
81,068,836
0.892
90,910,844
328.8
1.48
0.71
2007
 
86,109,772
0.914
94,172,852
340.6
3.59
0.72
2008
 
90,038,295
0.942
95,602,352
345.7
1.52
0.72
2009
 
88,579,695
0.941
94,139,579
340.5
-1.53
0.74
2010
 
91,929,304
0.957
96,054,860
347.4
2.03
0.73
2011
 
95,844,450
0.981
97,669,900
353.2
1.68
0.72
2012
 
99,410,409
1.000
99,410,409
359.5
1.78
0.71
2013
 
101,137,034
1.013
99,793,809
360.9
0.39
0.71
2014
 
103,504,662
1.029
100,618,912
363.9
0.83
0.69
2015
 
104,892,946
1.031
101,713,386
367.8
1.09
0.67
2016
 
106,914,943
1.042
102,571,059
370.9
0.84
0.66
2017
 
109,324,138
1.061
103,065,001
372.7
0.48
0.65
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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, 1969-2017
 
1969
 
791,150,000
0.200
3,952,785,411
100.0
N
1970
 
855,078,000
0.210
4,081,323,087
103.3
3.25
1971
 
923,964,000
0.218
4,230,410,696
107.0
3.65
1972
 
1,015,526,000
0.226
4,496,263,172
113.7
6.28
1973
 
1,131,213,000
0.238
4,752,596,421
120.2
5.70
1974
 
1,242,433,000
0.263
4,727,675,038
119.6
-0.52
1975
 
1,359,998,000
0.285
4,776,951,177
120.9
1.04
1976
 
1,491,506,000
0.300
4,966,389,185
125.6
3.97
1977
 
1,646,968,000
0.320
5,149,027,700
130.3
3.68
1978
 
1,851,867,000
0.342
5,413,074,742
136.9
5.13
1979
 
2,068,806,000
0.373
5,553,692,518
140.5
2.60
1980
 
2,307,005,000
0.413
5,591,112,888
141.4
0.67
1981
 
2,584,340,000
0.450
5,748,342,898
145.4
2.81
1982
 
2,767,657,000
0.475
5,832,048,635
147.5
1.46
1983
 
2,957,901,000
0.495
5,978,697,902
151.3
2.51
1984
 
3,268,535,000
0.513
6,366,077,167
161.1
6.48
1985
 
3,501,927,000
0.531
6,590,746,038
166.7
3.53
1986
 
3,712,243,000
0.543
6,837,802,542
173.0
3.75
1987
 
3,940,859,000
0.560
7,041,775,070
178.1
2.98
1988
 
4,260,753,000
0.582
7,327,050,266
185.4
4.05
1989
 
4,603,969,000
0.607
7,586,042,182
191.9
3.53
1990
 
4,890,453,000
0.634
7,719,127,141
195.3
1.75
1991
 
5,055,766,000
0.655
7,721,909,795
195.4
0.04
1992
 
5,402,109,000
0.672
8,036,699,991
203.3
4.08
1993
 
5,639,780,000
0.689
8,186,407,711
207.1
1.86
1994
 
5,930,316,000
0.703
8,432,128,537
213.3
3.00
1995
 
6,275,761,000
0.718
8,739,275,320
221.1
3.64
1996
 
6,661,697,000
0.733
9,082,563,466
229.8
3.93
1997
 
7,075,132,000
0.746
9,481,168,005
239.9
4.39
1998
 
7,588,703,000
0.752
10,089,213,731
255.2
6.41
1999
 
7,988,183,000
0.763
10,464,228,824
264.7
3.72
2000
 
8,634,847,000
0.782
11,037,063,974
279.2
5.47
2001
 
9,001,839,000
0.797
11,289,271,113
285.6
2.29
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
300.6
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
332.1
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
343.3
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
353.9
-0.08
2014
 
14,983,140,000
1.029
14,565,404,207
368.5
4.13
2015
 
15,711,634,000
1.031
15,235,376,142
385.4
4.60
2016
 
16,115,630,000
1.042
15,460,862,474
391.1
1.48
2017
 
16,820,250,000
1.061
15,857,239,825
401.2
2.56
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_300_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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