Denver County vs. Colorado
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Denver County vs. Colorado
Denver County:
2022 TPI = $80,091,302K
2022 Percent of State = 18.11%
Colorado:
2022 TPI = $442,213,009K
2022 Percent of U.S. = 2.03%
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 Denver County and Colorado 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.
Denver County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Denver County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Denver 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 Denver County over time.
When measured in current dollars, Denver County's total personal income increased 3,035.83%, from $2,554M in 1970 to $80,091M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 434.14%, from $12,922M in 1970 to $69,019M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Denver County's and Colorado'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, Denver County's real total personal income rose from $11,998M in 1969 to $69,019M in 2022, for a net gain of $57,021M, or 475.27%. In comparison, Colorado's real total personal income increased from $44,690M in 1969 to $381,077M in 2022, for a net gain of $336,387M, or 752.71%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Denver County's real total 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 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.
Denver County's overall real total personal income growth was 475.27% over 1969-2022 trailed Colorado's increase of 752.71%, and outpaced the United States' increase of 348.76%.
Total Personal Income as a Percent of the Colorado Total: 1969-2022
Total Personal Income as a Percent of the Colorado Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Denver County is to trace its individual percentage contributions to Colorado'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 Colorado's total personal income, while a declining share shows it grew more slowly.
In 1969, Denver County's total personal income totaled 26.85% of Colorado's total personal income, while in 2022 it totaled 18.11% thereby yielding a -8.73% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-8.73%
=
18.11%
-
26.85%
 
   
Denver County Real Total Personal Income:
Annual Percent Change, 1970-2022
Denver County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Denver 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, Denver County's real total personal income grew at an annual rate of 3.47% over 1970-2022. The county posted its highest growth in 2017 (16.48%) and posted its lowest growth in 2009 (-11.92%). In 2022, Denver County's real total personal income grew by 2.50%
Denver County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Denver 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 illustrates the annual percent change in Denver 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, Denver County's annual real total personal income growth rate averaged 3.05%. It averaged 1.29% during the 1980s, 4.07% during the 1990s, 1.34% throughout the 2000s, 6.71% during the 2010s, 6.35% 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 Denver County noted in the previous graph with the corresponding decade averages for Colorado and the nation. As the chart reveals, Denver County's average annual real total personal income growth posted below Colorado's average during the 1970s (3.05% vs. 5.98%), lagged Colorado's average during the 1980s (1.29% vs. 3.12%), fell below Colorado's average during the 1990s (4.07% vs. 5.42%), posted below Colorado's average throughout the 2000s (1.34% vs. 2.15%), outgained Colorado's average in the 2010s (6.71% vs. 4.21%), and topped Colorado's average over the 3 year period of the current decade, 2020-2022 (6.35% vs. 3.98%).
Finally, relative to nationwide real total personal income growth trends, Denver County trailed the nation throughout the 1970s (3.05% vs. 3.50%), lagged the nation in the 1980s (1.29% vs. 3.16%), outperformed the nation in the 1990s (4.07% vs. 3.27%), fell under the nation during the 2000s (1.34% vs. 2.06%), registered above the nation in the 2010s (6.71% vs. 2.72%), and topped the nation over 2020-2022 (6.35% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.47
3.05
1.29
4.07
1.34
6.71
6.35
2.50
 
4.17
5.98
3.12
5.42
2.15
4.21
3.98
-0.62
 
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.

   
 
Denver County:
Total Personal Income, 1969-2022
 
1969
 
2,265,510
0.189
11,997,617
100.0
N
26.85
1970
 
2,554,071
0.198
12,921,537
107.7
7.70
26.77
1971
 
2,845,647
0.206
13,810,468
115.1
6.88
26.45
1972
 
3,113,010
0.213
14,609,583
121.8
5.79
25.57
1973
 
3,423,332
0.225
15,245,299
127.1
4.35
24.59
1974
 
3,710,982
0.248
14,967,862
124.8
-1.82
23.77
1975
 
3,981,598
0.269
14,823,522
123.6
-0.96
23.08
1976
 
4,272,766
0.283
15,080,528
125.7
1.73
22.51
1977
 
4,665,339
0.302
15,460,429
128.9
2.52
22.03
1978
 
5,186,539
0.323
16,069,336
133.9
3.94
21.24
1979
 
5,668,815
0.351
16,130,709
134.4
0.38
20.26
1980
 
6,233,374
0.389
16,012,572
133.5
-0.73
19.45
1981
 
7,016,081
0.424
16,541,509
137.9
3.30
19.04
1982
 
7,705,347
0.448
17,210,576
143.4
4.04
19.04
1983
 
8,177,118
0.467
17,518,892
146.0
1.79
18.72
1984
 
8,734,950
0.484
18,032,887
150.3
2.93
18.36
1985
 
9,123,494
0.501
18,200,395
151.7
0.93
18.09
1986
 
9,240,837
0.512
18,041,815
150.4
-0.87
17.64
1987
 
9,291,180
0.528
17,596,265
146.7
-2.47
17.15
1988
 
9,686,633
0.549
17,655,396
147.2
0.34
16.85
1989
 
10,478,115
0.573
18,298,868
152.5
3.64
16.92
1990
 
10,909,535
0.598
18,251,000
152.1
-0.26
16.62
1991
 
11,218,092
0.618
18,159,893
151.4
-0.50
16.11
1992
 
12,054,426
0.634
19,007,294
158.4
4.67
15.96
1993
 
12,826,951
0.650
19,733,771
164.5
3.82
15.70
1994
 
13,520,954
0.664
20,376,385
169.8
3.26
15.39
1995
 
14,639,637
0.678
21,607,045
180.1
6.04
15.33
1996
 
15,604,410
0.692
22,548,748
187.9
4.36
15.15
1997
 
16,623,374
0.704
23,610,400
196.8
4.71
15.01
1998
 
18,434,447
0.710
25,976,083
216.5
10.02
15.04
1999
 
19,570,536
0.720
27,180,922
226.6
4.64
14.86
2000
 
21,782,493
0.738
29,506,777
245.9
8.56
14.86
2001
 
22,307,170
0.753
29,623,609
246.9
0.40
14.48
2002
 
22,135,526
0.763
29,014,597
241.8
-2.06
14.33
2003
 
22,315,092
0.779
28,648,024
238.8
-1.26
14.18
2004
 
22,859,863
0.798
28,636,756
238.7
-0.04
13.98
2005
 
25,250,543
0.821
30,745,727
256.3
7.36
14.49
2006
 
27,826,239
0.844
32,953,860
274.7
7.18
14.79
2007
 
29,002,156
0.866
33,487,081
279.1
1.62
14.46
2008
 
30,929,917
0.892
34,686,461
289.1
3.58
14.72
2009
 
27,166,826
0.889
30,551,642
254.6
-11.92
13.57
2010
 
28,890,379
0.905
31,918,133
266.0
4.47
14.02
2011
 
33,108,014
0.928
35,675,202
297.4
11.77
14.79
2012
 
35,948,591
0.945
38,027,155
317.0
6.59
15.23
2013
 
40,027,461
0.958
41,790,607
348.3
9.90
16.15
2014
 
44,887,556
0.971
46,218,177
385.2
10.59
16.72
2015
 
45,466,399
0.973
46,728,537
389.5
1.10
16.26
2016
 
43,032,217
0.983
43,783,543
364.9
-6.30
15.17
2017
 
50,999,321
1.000
50,999,321
425.1
16.48
16.81
2018
 
55,200,348
1.020
54,093,063
450.9
6.07
16.82
2019
 
59,571,563
1.035
57,549,837
479.7
6.39
16.95
2020
 
62,300,101
1.046
59,540,403
496.3
3.46
16.61
2021
 
73,394,068
1.090
67,333,390
561.2
13.09
17.56
2022
 
80,091,302
1.160
69,018,641
575.3
2.50
18.11
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 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.

   
 
Colorado:
Total Personal Income, 1969-2022
 
1969
 
8,438,834
0.189
44,690,113
100.0
N
1.07
1970
 
9,540,190
0.198
48,265,658
108.0
8.00
1.12
1971
 
10,759,666
0.206
52,218,714
116.8
8.19
1.16
1972
 
12,176,083
0.213
57,143,247
127.9
9.43
1.20
1973
 
13,923,113
0.225
62,004,511
138.7
8.51
1.23
1974
 
15,609,172
0.248
62,957,980
140.9
1.54
1.25
1975
 
17,249,727
0.269
64,220,875
143.7
2.01
1.27
1976
 
18,981,259
0.283
66,993,467
149.9
4.32
1.27
1977
 
21,174,240
0.302
70,169,141
157.0
4.74
1.28
1978
 
24,413,528
0.323
75,639,881
169.3
7.80
1.32
1979
 
27,973,924
0.351
79,600,273
178.1
5.24
1.35
1980
 
32,052,580
0.389
82,338,111
184.2
3.44
1.39
1981
 
36,842,992
0.424
86,863,119
194.4
5.50
1.42
1982
 
40,468,901
0.448
90,390,880
202.3
4.06
1.46
1983
 
43,691,655
0.467
93,606,254
209.5
3.56
1.47
1984
 
47,578,744
0.484
98,224,043
219.8
4.93
1.45
1985
 
50,442,397
0.501
100,627,188
225.2
2.45
1.44
1986
 
52,397,050
0.512
102,300,025
228.9
1.66
1.41
1987
 
54,179,277
0.528
102,608,380
229.6
0.30
1.38
1988
 
57,482,944
0.549
104,771,610
234.4
2.11
1.35
1989
 
61,922,088
0.573
108,140,074
242.0
3.22
1.34
1990
 
65,631,642
0.598
109,797,812
245.7
1.53
1.34
1991
 
69,632,902
0.618
112,722,022
252.2
2.66
1.37
1992
 
75,511,809
0.634
119,066,239
266.4
5.63
1.40
1993
 
81,698,776
0.650
125,690,425
281.2
5.56
1.45
1994
 
87,838,892
0.664
132,375,206
296.2
5.32
1.48
1995
 
95,469,000
0.678
140,905,334
315.3
6.44
1.52
1996
 
102,974,939
0.692
148,801,264
333.0
5.60
1.55
1997
 
110,721,540
0.704
157,259,278
351.9
5.68
1.57
1998
 
122,577,930
0.710
172,725,253
386.5
9.83
1.62
1999
 
131,712,758
0.720
182,931,845
409.3
5.91
1.65
2000
 
146,560,771
0.738
198,532,647
444.2
8.53
1.70
2001
 
154,066,732
0.753
204,598,460
457.8
3.06
1.71
2002
 
154,492,308
0.763
202,503,976
453.1
-1.02
1.69
2003
 
157,405,310
0.779
202,076,296
452.2
-0.21
1.66
2004
 
163,568,499
0.798
204,903,728
458.5
1.40
1.63
2005
 
174,247,768
0.821
212,168,675
474.8
3.55
1.65
2006
 
188,197,016
0.844
222,876,618
498.7
5.05
1.67
2007
 
200,611,172
0.866
231,633,900
518.3
3.93
1.68
2008
 
210,065,766
0.892
235,578,968
527.1
1.70
1.69
2009
 
200,170,034
0.889
225,109,967
503.7
-4.44
1.66
2010
 
206,053,394
0.905
227,648,092
509.4
1.13
1.64
2011
 
223,873,871
0.928
241,232,998
539.8
5.97
1.68
2012
 
236,032,969
0.945
249,680,505
558.7
3.50
1.70
2013
 
247,816,736
0.958
258,732,667
578.9
3.63
1.76
2014
 
268,453,081
0.971
276,410,952
618.5
6.83
1.82
2015
 
279,696,008
0.973
287,460,311
643.2
4.00
1.81
2016
 
283,678,694
0.983
288,631,612
645.9
0.41
1.79
2017
 
303,366,730
1.000
303,366,730
678.8
5.11
1.82
2018
 
328,112,736
1.020
321,530,997
719.5
5.99
1.87
2019
 
351,373,238
1.035
339,448,415
759.6
5.57
1.92
2020
 
375,157,839
1.046
358,539,532
802.3
5.62
1.91
2021
 
417,967,655
1.090
383,453,046
858.0
6.95
1.95
2022
 
442,213,009
1.160
381,076,850
852.7
-0.62
2.03
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 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 Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_300_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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