McLean County vs. North Dakota | Total Personal Income Trends over 1969-2022

Introduction

McLean County:

2022 TPI = $797,638K

2022 Percent of State = 1.45%

North Dakota:

2022 TPI = $54,828,494K

2022 Percent of U.S. = 0.25%

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 McLean County and North Dakota 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.

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

Figure 1.

Figure 1 depicts McLean 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 McLean County over time.

When measured in current dollars, McLean County's total personal income increased 2,139.30%, from $36M in 1970 to $798M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 281.43%, from $180M in 1970 to $687M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 tracks McLean County's and North Dakota'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, McLean County's real total personal income rose from $184M in 1969 to $687M in 2022, for a net gain of $503M, or 273.75%. In comparison, North Dakota's real total personal income advanced from $10,542M in 1969 to $47,248M in 2022, for a net gain of $36,707M, or 348.21%.

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

Figure 3.

Another interesting and insightful way of comparing the total personal income growth of McLean County is to trace its individual percentage contributions to North Dakota's statewide total personal income over time, as shown in Figure 3. A rising share means a region's total personal income grew faster, or declined less, than North Dakota's total personal income, while a declining share shows it grew more slowly.

In 1969, McLean County's total personal income totaled 1.74% of North Dakota's total personal income, while in 2022 it totaled 1.45% thereby yielding a -0.29% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
McLean County	-0.29%	=	1.45%	-	1.74%

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

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

Figure 4.

Figure 4 displays the short-run pattern of McLean 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 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, McLean County's real total personal income grew at an annual rate of 3.40% over 1970-2022. The county recorded its highest growth in 1973 (43.36%) and recorded its lowest growth in 1980 (-26.28%). In 2022, McLean County's real total personal income declined by -2.84%

McLean County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022

Figure 5.

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 5 again illustrates the annual percent change in McLean 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, McLean County's annual real total personal income growth rate averaged 6.82%. It averaged -0.33% during the 1980s, 1.92% during the 1990s, 5.02% throughout the 2000s, 2.32% throughout the 2010s, 7.64% thus far this decade (2020-2022).

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

Figure 6.

Figure 6 compares the decade average growth rates for McLean County noted in the previous graph with the corresponding decade averages for North Dakota and the nation. As the chart reveals, McLean County's average annual real total personal income growth recorded above North Dakota's average in the 1970s (6.82% vs. 4.81%), lagged North Dakota's average during the 1980s (-0.33% vs. 0.92%), trailed North Dakota's average during the 1990s (1.92% vs. 2.61%), outgained North Dakota's average during the 2000s (5.02% vs. 3.62%), lagged North Dakota's average throughout the 2010s (2.32% vs. 3.70%), and registered above North Dakota's average over the 3 year period of the current decade, 2020-2022 (7.64% vs. 3.65%).

Finally, relative to nationwide real total personal income growth trends, McLean County led the nation in the 1970s (6.82% vs. 3.50%), fell under the nation during the 1980s (-0.33% vs. 3.16%), lagged the nation during the 1990s (1.92% vs. 3.27%), surpassed the nation in the 2000s (5.02% vs. 2.06%), fell under the nation over the 2010s (2.32% vs. 2.72%), and outgained the nation over 2020-2022 (7.64% 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
	%	%	%	%	%	%	%	%
McLean	3.40	6.82	-0.33	1.92	5.02	2.32	7.64	-2.84
North Dakota	3.16	4.81	0.92	2.61	3.62	3.70	3.65	0.47
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.

McLean County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	34,728	0.189	183,911	100.0	N	1.74
1970	35,620	0.198	180,208	98.0	-2.01	1.69
1971	38,390	0.206	186,314	101.3	3.39	1.58
1972	53,579	0.213	251,450	136.7	34.96	1.86
1973	80,943	0.225	360,468	196.0	43.36	2.01
1974	69,895	0.248	281,914	153.3	-21.79	1.75
1975	71,717	0.269	267,003	145.2	-5.29	1.72
1976	63,993	0.283	225,860	122.8	-15.41	1.56
1977	78,186	0.302	259,100	140.9	14.72	1.83
1978	109,928	0.323	340,587	185.2	31.45	2.05
1979	101,491	0.351	288,794	157.0	-15.21	1.84
1980	82,879	0.389	212,903	115.8	-26.28	1.57
1981	112,990	0.424	266,392	144.8	25.12	1.64
1982	132,235	0.448	295,359	160.6	10.87	1.77
1983	145,390	0.467	311,488	169.4	5.46	1.85
1984	151,865	0.484	313,518	170.5	0.65	1.80
1985	161,744	0.501	322,662	175.4	2.92	1.85
1986	161,521	0.512	315,354	171.5	-2.27	1.82
1987	148,069	0.528	280,423	152.5	-11.08	1.63
1988	122,828	0.549	223,873	121.7	-20.17	1.45
1989	142,912	0.573	249,580	135.7	11.48	1.51
1990	160,763	0.598	268,947	146.2	7.76	1.57
1991	148,970	0.618	241,153	131.1	-10.33	1.43
1992	176,433	0.634	278,198	151.3	15.36	1.55
1993	187,176	0.650	287,963	156.6	3.51	1.62
1994	192,579	0.664	290,221	157.8	0.78	1.54
1995	188,117	0.678	277,647	151.0	-4.33	1.50
1996	219,241	0.692	316,809	172.3	14.10	1.56
1997	189,725	0.704	269,469	146.5	-14.94	1.38
1998	214,406	0.710	302,121	164.3	12.12	1.42
1999	207,024	0.720	287,529	156.3	-4.83	1.36
2000	213,904	0.738	289,756	157.6	0.77	1.29
2001	235,024	0.753	312,109	169.7	7.71	1.39
2002	223,295	0.763	292,689	159.1	-6.22	1.29
2003	268,314	0.779	344,460	187.3	17.69	1.42
2004	278,859	0.798	349,329	189.9	1.41	1.44
2005	271,827	0.821	330,984	180.0	-5.25	1.33
2006	274,854	0.844	325,502	177.0	-1.66	1.28
2007	320,271	0.866	369,798	201.1	13.61	1.34
2008	372,870	0.892	418,156	227.4	13.08	1.38
2009	405,440	0.889	455,955	247.9	9.04	1.52
2010	435,998	0.905	481,691	261.9	5.64	1.47
2011	425,771	0.928	458,785	249.5	-4.76	1.27
2012	529,273	0.945	559,876	304.4	22.03	1.34
2013	481,812	0.958	503,035	273.5	-10.15	1.22
2014	493,057	0.971	507,673	276.0	0.92	1.17
2015	473,812	0.973	486,965	264.8	-4.08	1.17
2016	490,959	0.983	499,531	271.6	2.58	1.25
2017	499,839	1.000	499,839	271.8	0.06	1.26
2018	558,127	1.020	546,931	297.4	9.42	1.31
2019	574,982	1.035	555,468	302.0	1.56	1.31
2020	641,985	1.046	613,547	333.6	10.46	1.35
2021	771,101	1.090	707,426	384.7	15.30	1.50
2022	797,638	1.160	687,364	373.7	-2.84	1.45

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 North Dakota Regional Economic Analysis Project (ND-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.

North Dakota:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	1,990,570	0.189	10,541,598	100.0	N	0.25
1970	2,102,372	0.198	10,636,305	100.9	0.90	0.25
1971	2,424,204	0.206	11,765,125	111.6	10.61	0.26
1972	2,887,407	0.213	13,550,812	128.5	15.18	0.28
1973	4,036,830	0.225	17,977,422	170.5	32.67	0.36
1974	3,998,170	0.248	16,126,205	153.0	-10.30	0.32
1975	4,181,464	0.269	15,567,625	147.7	-3.46	0.31
1976	4,101,883	0.283	14,477,404	137.3	-7.00	0.27
1977	4,261,106	0.302	14,120,844	134.0	-2.46	0.26
1978	5,357,868	0.323	16,600,161	157.5	17.56	0.29
1979	5,507,758	0.351	15,672,418	148.7	-5.59	0.27
1980	5,273,968	0.389	13,548,007	128.5	-13.56	0.23
1981	6,904,340	0.424	16,278,062	154.4	20.15	0.27
1982	7,454,850	0.448	16,651,069	158.0	2.29	0.27
1983	7,838,187	0.467	16,792,756	159.3	0.85	0.26
1984	8,456,480	0.484	17,457,999	165.6	3.96	0.26
1985	8,743,001	0.501	17,441,352	165.5	-0.10	0.25
1986	8,871,038	0.512	17,319,819	164.3	-0.70	0.24
1987	9,105,864	0.528	17,245,301	163.6	-0.43	0.23
1988	8,460,842	0.549	15,421,201	146.3	-10.58	0.20
1989	9,472,814	0.573	16,543,221	156.9	7.28	0.21
1990	10,256,270	0.598	17,158,126	162.8	3.72	0.21
1991	10,401,883	0.618	16,838,610	159.7	-1.86	0.21
1992	11,384,968	0.634	17,951,700	170.3	6.61	0.21
1993	11,536,405	0.650	17,748,315	168.4	-1.13	0.20
1994	12,531,737	0.664	18,885,612	179.2	6.41	0.21
1995	12,552,311	0.678	18,526,303	175.7	-1.90	0.20
1996	14,037,638	0.692	20,284,725	192.4	9.49	0.21
1997	13,770,070	0.704	19,557,814	185.5	-3.58	0.19
1998	15,078,708	0.710	21,247,492	201.6	8.64	0.20
1999	15,257,879	0.720	21,191,204	201.0	-0.26	0.19
2000	16,591,077	0.738	22,474,434	213.2	6.06	0.19
2001	16,930,740	0.753	22,483,785	213.3	0.04	0.19
2002	17,356,115	0.763	22,749,885	215.8	1.18	0.19
2003	18,949,490	0.779	24,327,278	230.8	6.93	0.20
2004	19,330,915	0.798	24,216,011	229.7	-0.46	0.19
2005	20,501,369	0.821	24,963,007	236.8	3.08	0.19
2006	21,508,536	0.844	25,471,975	241.6	2.04	0.19
2007	23,828,798	0.866	27,513,709	261.0	8.02	0.20
2008	26,942,586	0.892	30,214,855	286.6	9.82	0.22
2009	26,722,103	0.889	30,051,510	285.1	-0.54	0.22
2010	29,758,809	0.905	32,877,576	311.9	9.40	0.24
2011	33,587,983	0.928	36,192,387	343.3	10.08	0.25
2012	39,538,595	0.945	41,824,735	396.8	15.56	0.28
2013	39,538,731	0.958	41,280,349	391.6	-1.30	0.28
2014	42,181,264	0.971	43,431,662	412.0	5.21	0.29
2015	40,408,157	0.973	41,529,879	394.0	-4.38	0.26
2016	39,232,018	0.983	39,916,994	378.7	-3.88	0.25
2017	39,743,692	1.000	39,743,692	377.0	-0.43	0.24
2018	42,565,900	1.020	41,712,054	395.7	4.95	0.24
2019	43,968,202	1.035	42,476,019	402.9	1.83	0.24
2020	47,621,422	1.046	45,511,943	431.7	7.15	0.24
2021	51,261,703	1.090	47,028,654	446.1	3.33	0.24
2022	54,828,494	1.160	47,248,429	448.2	0.47	0.25

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 North Dakota Regional Economic Analysis Project (ND-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 North Dakota Regional Economic Analysis Project (ND-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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