Rio Blanco County vs. Colorado
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2017
Introduction
Rio Blanco County:
2017 PCI = $44,189
2017 Percent of State = 80.9%
Colorado:
2017 PCI = $54,646
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
Personal income is the income that is received by 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 tranfer receipts, less contributions for government social insurance. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. In computing per capita personal income, BEA uses the Census Bureau's annual midyear population estimates.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Rio Blanco County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Rio Blanco County Per Capita Personal Income, 1969-2017
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Rio Blanco County's annual per capita 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 Rio Blanco County over time.
When measured in current dollars, Rio Blanco County's per capita personal income increased 1,091.8%, from $3,708 in 1969 to $44,189 in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 124.9%, from $18,525 in 1969 to $41,659 in 2017.
Real Per Capita Personal Income, 1969-2017
Real Per Capita Personal Income, 1969-2017
Figure 2.
Figure 2 tracks Rio Blanco County's and Colorado's annual real per capita personal income for the period 1969-2017 to illustrate real per capita personal income patterns over time. During this 49-year period, Rio Blanco County's real per capita personal income rose from $18,525 in 1969 to $41,659 in 2017, for a net gain of $23,134, or 124.9%. In comparison, Colorado's real per capita personal income increased from $19,290 in 1969 to $51,518 in 2017, for a net advance of $32,228, or 167.1%.
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Real Per Capita Personal Income Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Rio Blanco County's real per capita personal income growth in a broader context by offering direct comparisons across time with Colorado, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Rio Blanco County's overall real per capita personal income growth was 124.9% over 1969-2017 trailed Colorado's increase of 167.1%, and fell below the United States' increase of 147.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2017
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Rio Blanco County and Colorado per capita personal income as a percent of the national average over 1969-2017.
In 1969, Rio Blanco County's per capita personal income amounted to 94.3% of the national average; in 2017, it approximated 85.6%. Similarly, in 1969, Colorado's per capita personal income totaled 98.2% of the national average; in 2017, it consisted of 105.8%.
Rio Blanco County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Rio Blanco County Real Per Capita Personal Income:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Rio Blanco County's real per capita 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 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, Rio Blanco County's real per capita personal income grew at an annual rate of 1.92% over 1970-2017. The county posted its highest growth in 1979 (20.01%) and recorded its lowest growth in 1985 (-11.30%). In 2017, Rio Blanco County's real per capita personal income grew by 1.60%
Rio Blanco County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2017
Rio Blanco County Real Per Capita 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 traces the annual percent change in Rio Blanco County's real per capita personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2017.
During the 1970s, Rio Blanco County's annual real per capita personal income growth rate averaged 6.03%. It averaged -2.30% throughout the 1980s, 1.90% in the 1990s, 3.20% throughout the 2000s, and 0.47% thus far this decade (2010 to 2017).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Rio Blanco County noted in the previous graph with the corresponding decade averages for Colorado and the nation. As the chart reveals, Rio Blanco County's average annual real per capita personal income growth exceeded Colorado's average throughout the 1970s (6.03% vs. 3.07%), fell below Colorado's average during the 1980s (-2.30% vs. 1.70%), amounted to less than Colorado's average in the 1990s (1.90% vs. 2.91%), outgained Colorado's average in the 2000s (3.20% vs. 0.39%), and lagged Colorado's average over the 8 year period of the last decade, 2010-2017 (0.47% vs. 2.50%).
Finally, relative to nationwide real per capita personal income growth trends, Rio Blanco County outperformed the nation over the 1970s (6.03% vs. 2.35%), lagged the nation during the 1980s (-2.30% vs. 2.21%), recorded underneath the nation throughout the 1990s (1.90% vs. 2.02%), registered above the nation in the 2000s (3.20% vs. 1.10%), and fell below the nation over 2010-2017 (0.47% vs. 1.95%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.92
6.03
-2.30
1.90
3.20
0.47
1.60
 
2.10
3.07
1.70
2.91
0.39
2.50
2.54
 
1.93
2.35
2.21
2.02
1.10
1.95
1.84
 
   

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

   
 
Rio Blanco County:
Per Capita Personal Income, 1969-2017
 
1969
 
3,708
0.200
18,525
100.0
N
96.04
94.34
1970
 
4,028
0.210
19,224
103.8
3.77
94.81
96.00
1971
 
4,776
0.218
21,866
118.0
13.74
103.26
106.90
1972
 
4,617
0.226
20,442
110.3
-6.51
92.08
95.14
1973
 
5,503
0.238
23,121
124.8
13.11
99.71
102.82
1974
 
6,214
0.263
23,647
127.6
2.27
102.34
106.71
1975
 
6,678
0.285
23,456
126.6
-0.81
101.54
105.79
1976
 
7,284
0.300
24,253
130.9
3.40
102.47
106.24
1977
 
8,968
0.320
28,038
151.4
15.61
115.84
119.67
1978
 
9,185
0.342
26,847
144.9
-4.25
105.54
110.16
1979
 
12,002
0.373
32,218
173.9
20.01
123.72
130.28
1980
 
13,267
0.413
32,152
173.6
-0.21
121.86
130.67
1981
 
14,722
0.450
32,747
176.8
1.85
120.25
130.72
1982
 
14,834
0.475
31,258
168.7
-4.55
113.58
124.17
1983
 
14,867
0.495
30,051
162.2
-3.86
108.42
117.51
1984
 
14,472
0.513
28,186
152.1
-6.21
97.82
104.41
1985
 
13,284
0.531
25,002
135.0
-11.30
86.01
90.26
1986
 
12,085
0.543
22,260
120.2
-10.97
75.95
78.17
1987
 
12,969
0.560
23,174
125.1
4.11
79.09
79.73
1988
 
14,562
0.582
25,042
135.2
8.06
83.97
83.57
1989
 
15,213
0.607
25,067
135.3
0.10
81.42
81.56
1990
 
15,462
0.634
24,405
131.7
-2.64
78.84
78.92
1991
 
17,103
0.655
26,122
141.0
7.04
84.31
85.58
1992
 
18,857
0.672
28,053
151.4
7.39
88.21
89.54
1993
 
18,521
0.689
26,884
145.1
-4.17
82.68
85.36
1994
 
18,304
0.703
26,026
140.5
-3.19
78.16
81.22
1995
 
18,375
0.718
25,588
138.1
-1.68
74.16
77.96
1996
 
18,805
0.733
25,638
138.4
0.20
72.08
76.04
1997
 
20,620
0.746
27,632
149.2
7.78
75.29
79.46
1998
 
22,185
0.752
29,496
159.2
6.74
74.77
80.65
1999
 
22,853
0.763
29,937
161.6
1.50
73.10
79.83
2000
 
24,860
0.782
31,776
171.5
6.14
73.06
81.23
2001
 
24,091
0.797
30,212
163.1
-4.92
69.05
76.26
2002
 
24,974
0.808
30,912
166.9
2.32
72.46
78.46
2003
 
26,185
0.824
31,795
171.6
2.85
75.27
80.13
2004
 
28,490
0.844
33,752
182.2
6.16
79.76
83.18
2005
 
33,424
0.868
38,502
207.8
14.07
88.58
93.24
2006
 
36,118
0.892
40,503
218.6
5.20
90.30
94.76
2007
 
40,071
0.914
43,823
236.6
8.20
95.66
100.57
2008
 
40,980
0.942
43,512
234.9
-0.71
96.44
100.19
2009
 
37,944
0.941
40,325
217.7
-7.32
95.21
96.59
2010
 
38,791
0.957
40,532
218.8
0.51
95.67
95.68
2011
 
41,143
0.981
41,927
226.3
3.44
94.58
96.29
2012
 
41,294
1.000
41,294
222.9
-1.51
90.48
92.63
2013
 
44,008
1.013
43,424
234.4
5.16
93.03
98.18
2014
 
46,105
1.029
44,820
241.9
3.21
90.86
98.04
2015
 
45,548
1.031
44,167
238.4
-1.46
87.21
93.07
2016
 
42,740
1.042
41,004
221.3
-7.16
81.61
85.77
2017
 
44,189
1.061
41,659
224.9
1.60
80.86
85.57
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PSN
 
   

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

   
 
Colorado:
Per Capita Personal Income, 1969-2017
 
1969
 
3,861
0.200
19,290
100.0
N
98.23
1970
 
4,248
0.210
20,276
105.1
5.11
101.25
1971
 
4,625
0.218
21,176
109.8
4.44
103.53
1972
 
5,014
0.226
22,200
115.1
4.83
103.33
1973
 
5,519
0.238
23,188
120.2
4.45
103.12
1974
 
6,072
0.263
23,105
119.8
-0.35
104.26
1975
 
6,576
0.285
23,099
119.7
-0.03
104.19
1976
 
7,108
0.300
23,669
122.7
2.47
103.68
1977
 
7,742
0.320
24,204
125.5
2.26
103.30
1978
 
8,702
0.342
25,437
131.9
5.10
104.37
1979
 
9,701
0.373
26,042
135.0
2.38
105.30
1980
 
10,887
0.413
26,384
136.8
1.31
107.23
1981
 
12,243
0.450
27,233
141.2
3.21
108.71
1982
 
13,060
0.475
27,520
142.7
1.06
109.32
1983
 
13,712
0.495
27,716
143.7
0.71
108.38
1984
 
14,795
0.513
28,815
149.4
3.97
106.74
1985
 
15,446
0.531
29,069
150.7
0.88
104.94
1986
 
15,912
0.543
29,308
151.9
0.82
102.93
1987
 
16,397
0.560
29,300
151.9
-0.03
100.81
1988
 
17,342
0.582
29,823
154.6
1.78
99.52
1989
 
18,685
0.607
30,788
159.6
3.24
100.17
1990
 
19,611
0.634
30,954
160.5
0.54
100.10
1991
 
20,286
0.655
30,984
160.6
0.10
101.51
1992
 
21,377
0.672
31,802
164.9
2.64
101.51
1993
 
22,402
0.689
32,517
168.6
2.25
103.24
1994
 
23,420
0.703
33,301
172.6
2.41
103.92
1995
 
24,778
0.718
34,505
178.9
3.62
105.13
1996
 
26,090
0.733
35,571
184.4
3.09
105.51
1997
 
27,388
0.746
36,702
190.3
3.18
105.54
1998
 
29,670
0.752
39,447
204.5
7.48
107.85
1999
 
31,263
0.763
40,953
212.3
3.82
109.21
2000
 
34,026
0.782
43,492
225.5
6.20
111.19
2001
 
34,889
0.797
43,755
226.8
0.61
110.45
2002
 
34,466
0.808
42,662
221.2
-2.50
108.27
2003
 
34,787
0.824
42,239
219.0
-0.99
106.45
2004
 
35,722
0.844
42,319
219.4
0.19
104.29
2005
 
37,732
0.868
43,464
225.3
2.71
105.25
2006
 
39,997
0.892
44,853
232.5
3.19
104.94
2007
 
41,889
0.914
45,811
237.5
2.14
105.13
2008
 
42,492
0.942
45,117
233.9
-1.51
103.88
2009
 
39,851
0.941
42,352
219.6
-6.13
101.44
2010
 
40,549
0.957
42,369
219.6
0.04
100.01
2011
 
43,502
0.981
44,330
229.8
4.63
101.81
2012
 
45,637
1.000
45,637
236.6
2.95
102.37
2013
 
47,308
1.013
46,679
242.0
2.28
105.54
2014
 
50,746
1.029
49,331
255.7
5.68
107.91
2015
 
52,228
1.031
50,645
262.5
2.66
106.72
2016
 
52,372
1.042
50,244
260.5
-0.79
105.10
2017
 
54,646
1.061
51,518
267.1
2.54
105.82
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PSN
 
   

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

   
 
United States:
Per Capita Personal Income, 1969-2017
 
1969
 
3,930
0.200
19,636
100.0
N
1970
 
4,196
0.210
20,026
102.0
1.98
1971
 
4,468
0.218
20,455
104.2
2.14
1972
 
4,853
0.226
21,485
109.4
5.04
1973
 
5,352
0.238
22,487
114.5
4.66
1974
 
5,824
0.263
22,161
112.9
-1.45
1975
 
6,312
0.285
22,171
112.9
0.05
1976
 
6,856
0.300
22,828
116.3
2.96
1977
 
7,494
0.320
23,430
119.3
2.64
1978
 
8,338
0.342
24,372
124.1
4.02
1979
 
9,212
0.373
24,730
125.9
1.47
1980
 
10,153
0.413
24,606
125.3
-0.50
1981
 
11,262
0.450
25,051
127.6
1.81
1982
 
11,947
0.475
25,175
128.2
0.49
1983
 
12,652
0.495
25,573
130.2
1.58
1984
 
13,860
0.513
26,995
137.5
5.56
1985
 
14,719
0.531
27,701
141.1
2.62
1986
 
15,459
0.543
28,475
145.0
2.79
1987
 
16,265
0.560
29,064
148.0
2.07
1988
 
17,426
0.582
29,968
152.6
3.11
1989
 
18,653
0.607
30,735
156.5
2.56
1990
 
19,591
0.634
30,923
157.5
0.61
1991
 
19,985
0.655
30,524
155.4
-1.29
1992
 
21,060
0.672
31,330
159.6
2.64
1993
 
21,698
0.689
31,496
160.4
0.53
1994
 
22,538
0.703
32,046
163.2
1.75
1995
 
23,568
0.718
32,820
167.1
2.42
1996
 
24,728
0.733
33,715
171.7
2.73
1997
 
25,950
0.746
34,775
177.1
3.14
1998
 
27,510
0.752
36,574
186.3
5.18
1999
 
28,627
0.763
37,501
191.0
2.53
2000
 
30,602
0.782
39,116
199.2
4.31
2001
 
31,589
0.797
39,616
201.7
1.28
2002
 
31,832
0.808
39,401
200.7
-0.54
2003
 
32,681
0.824
39,681
202.1
0.71
2004
 
34,251
0.844
40,576
206.6
2.26
2005
 
35,849
0.868
41,295
210.3
1.77
2006
 
38,114
0.892
42,742
217.7
3.50
2007
 
39,844
0.914
43,575
221.9
1.95
2008
 
40,904
0.942
43,431
221.2
-0.33
2009
 
39,284
0.941
41,750
212.6
-3.87
2010
 
40,545
0.957
42,364
215.7
1.47
2011
 
42,727
0.981
43,540
221.7
2.78
2012
 
44,582
1.000
44,582
227.0
2.39
2013
 
44,826
1.013
44,231
225.2
-0.79
2014
 
47,025
1.029
45,714
232.8
3.35
2015
 
48,940
1.031
47,456
241.7
3.81
2016
 
49,831
1.042
47,806
243.5
0.74
2017
 
51,640
1.061
48,684
247.9
1.84
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_700_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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