Beadle County vs. South Dakota
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Beadle County vs. South Dakota
Beadle County:
2022 TPI = $1,129,256K
2022 Percent of State = 1.82%
South Dakota:
2022 TPI = $62,028,338K
2022 Percent of U.S. = 0.28%
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 Beadle County and South 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.
Beadle County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Beadle County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Beadle 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 Beadle County over time.
When measured in current dollars, Beadle County's total personal income increased 1,366.13%, from $77M in 1970 to $1,129M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 149.73%, from $390M in 1970 to $973M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Beadle County's and South 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, Beadle County's real total personal income rose from $378M in 1969 to $973M in 2022, for a net gain of $595M, or 157.68%. In comparison, South Dakota's real total personal income increased from $10,996M in 1969 to $53,453M in 2022, for a net advance of $42,457M, or 386.10%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Beadle County's real total personal income growth in a broader context by offering direct comparisons across time with South Dakota, 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.
Beadle County's overall real total personal income growth was 157.68% over 1969-2022 trailed South Dakota's increase of 386.10%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the South Dakota Total: 1969-2022
Total Personal Income as a Percent of the South Dakota Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Beadle County is to trace its individual percentage contributions to South Dakota'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 South Dakota's total personal income, while a declining share shows it grew more slowly.
In 1969, Beadle County's total personal income comprised 3.43% of South Dakota's total personal income, while in 2022 it totaled 1.82% thereby yielding a -1.61% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-1.61%
=
1.82%
-
3.43%
 
   
Beadle County Real Total Personal Income:
Annual Percent Change, 1970-2022
Beadle County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Beadle 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, Beadle County's real total personal income grew at an annual rate of 1.99% over 1970-2022. The county recorded its highest growth in 2011 (23.05%) and posted its lowest growth in 2012 (-11.67%). In 2022, Beadle County's real total personal income declined by -2.57%
Beadle County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Beadle 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 depicts the annual percent change in Beadle 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, Beadle County's annual real total personal income growth rate averaged 2.90%. It averaged 0.42% during the 1980s, 2.25% during the 1990s, 2.48% during the 2000s, 1.39% throughout the 2010s, 3.68% 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 Beadle County noted in the previous graph with the corresponding decade averages for South Dakota and the nation. As the chart reveals, Beadle County's average annual real total personal income growth fell below South Dakota's average in the 1970s (2.90% vs. 4.20%), recorded under South Dakota's average throughout the 1980s (0.42% vs. 1.39%), amounted to less than South Dakota's average throughout the 1990s (2.25% vs. 3.73%), trailed South Dakota's average during the 2000s (2.48% vs. 3.17%), fell below South Dakota's average in the 2010s (1.39% vs. 2.65%), and amounted to less than South Dakota's average over the 3 year period of the current decade, 2020-2022 (3.68% vs. 4.91%).
Finally, relative to nationwide real total personal income growth trends, Beadle County lagged the nation in the 1970s (2.90% vs. 3.50%), recorded underneath the nation during the 1980s (0.42% vs. 3.16%), trailed the nation during the 1990s (2.25% vs. 3.27%), outperformed the nation in the 2000s (2.48% vs. 2.06%), fell below the nation in the 2010s (1.39% vs. 2.72%), and outgained the nation over 2020-2022 (3.68% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.99
2.90
0.42
2.25
2.48
1.39
3.68
-2.57
 
3.13
4.20
1.39
3.73
3.17
2.65
4.91
-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.

   
 
Beadle County:
Total Personal Income, 1969-2022
 
1969
 
71,312
0.189
377,652
100.0
N
3.43
1970
 
77,023
0.198
389,674
103.2
3.18
3.41
1971
 
83,358
0.206
404,552
107.1
3.82
3.37
1972
 
92,808
0.213
435,555
115.3
7.66
3.25
1973
 
111,014
0.225
494,384
130.9
13.51
3.08
1974
 
113,584
0.248
458,129
121.3
-7.33
3.14
1975
 
121,990
0.269
454,170
120.3
-0.86
3.07
1976
 
124,235
0.283
438,482
116.1
-3.45
3.16
1977
 
137,581
0.302
455,929
120.7
3.98
3.08
1978
 
155,756
0.323
482,575
127.8
5.84
3.03
1979
 
174,161
0.351
495,578
131.2
2.69
3.07
1980
 
179,988
0.389
462,361
122.4
-6.70
3.15
1981
 
204,889
0.424
483,058
127.9
4.48
3.08
1982
 
213,560
0.448
477,005
126.3
-1.25
3.05
1983
 
207,017
0.467
443,519
117.4
-7.02
2.84
1984
 
235,655
0.484
486,498
128.8
9.69
2.85
1985
 
242,780
0.501
484,320
128.2
-0.45
2.86
1986
 
250,169
0.512
488,430
129.3
0.85
2.83
1987
 
264,362
0.528
500,667
132.6
2.51
2.84
1988
 
273,422
0.549
498,354
132.0
-0.46
2.81
1989
 
292,649
0.573
511,079
135.3
2.55
2.79
1990
 
307,921
0.598
515,133
136.4
0.79
2.68
1991
 
313,528
0.618
507,540
134.4
-1.47
2.62
1992
 
332,224
0.634
523,847
138.7
3.21
2.57
1993
 
355,417
0.650
546,795
144.8
4.38
2.63
1994
 
378,824
0.664
570,896
151.2
4.41
2.60
1995
 
369,251
0.678
544,988
144.3
-4.54
2.48
1996
 
420,563
0.692
607,724
160.9
11.51
2.56
1997
 
423,351
0.704
601,291
159.2
-1.06
2.52
1998
 
432,320
0.710
609,185
161.3
1.31
2.39
1999
 
456,001
0.720
633,326
167.7
3.96
2.41
2000
 
480,857
0.738
651,374
172.5
2.85
2.38
2001
 
472,195
0.753
627,068
166.0
-3.73
2.26
2002
 
445,511
0.763
583,963
154.6
-6.87
2.13
2003
 
476,623
0.779
611,887
162.0
4.78
2.09
2004
 
526,713
0.798
659,818
174.7
7.83
2.15
2005
 
535,517
0.821
652,060
172.7
-1.18
2.06
2006
 
562,395
0.844
666,029
176.4
2.14
2.05
2007
 
641,223
0.866
740,382
196.0
11.16
2.11
2008
 
760,057
0.892
852,369
225.7
15.13
2.33
2009
 
702,626
0.889
790,169
209.2
-7.30
2.21
2010
 
676,102
0.905
746,958
197.8
-5.47
2.01
2011
 
852,969
0.928
919,108
243.4
23.05
2.33
2012
 
767,515
0.945
811,893
215.0
-11.67
2.05
2013
 
794,065
0.958
829,042
219.5
2.11
2.10
2014
 
832,337
0.971
857,010
226.9
3.37
2.10
2015
 
879,062
0.973
903,465
239.2
5.42
2.14
2016
 
885,835
0.983
901,301
238.7
-0.24
2.13
2017
 
855,105
1.000
855,105
226.4
-5.13
1.99
2018
 
858,790
1.020
841,563
222.8
-1.58
1.90
2019
 
906,386
1.035
875,625
231.9
4.05
1.89
2020
 
987,206
1.046
943,476
249.8
7.75
1.87
2021
 
1,088,758
1.090
998,851
264.5
5.87
1.86
2022
 
1,129,256
1.160
973,136
257.7
-2.57
1.82
Source: Calculations by the South Dakota Regional Economic Analysis Project (SD-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.

   
 
South Dakota:
Total Personal Income, 1969-2022
 
1969
 
2,076,428
0.189
10,996,282
100.0
N
0.26
1970
 
2,257,360
0.198
11,420,419
103.9
3.86
0.26
1971
 
2,473,054
0.206
12,002,203
109.1
5.09
0.27
1972
 
2,855,440
0.213
13,400,788
121.9
11.65
0.28
1973
 
3,605,287
0.225
16,055,609
146.0
19.81
0.32
1974
 
3,612,015
0.248
14,568,689
132.5
-9.26
0.29
1975
 
3,972,044
0.269
14,787,952
134.5
1.51
0.29
1976
 
3,932,814
0.283
13,880,683
126.2
-6.14
0.26
1977
 
4,462,560
0.302
14,788,441
134.5
6.54
0.27
1978
 
5,142,463
0.323
15,932,777
144.9
7.74
0.28
1979
 
5,665,386
0.351
16,120,952
146.6
1.18
0.27
1980
 
5,716,533
0.389
14,684,887
133.5
-8.91
0.25
1981
 
6,653,389
0.424
15,686,406
142.7
6.82
0.26
1982
 
7,011,777
0.448
15,661,426
142.4
-0.16
0.25
1983
 
7,277,146
0.467
15,590,766
141.8
-0.45
0.25
1984
 
8,268,309
0.484
17,069,529
155.2
9.48
0.25
1985
 
8,481,217
0.501
16,919,121
153.9
-0.88
0.24
1986
 
8,847,038
0.512
17,272,961
157.1
2.09
0.24
1987
 
9,303,519
0.528
17,619,634
160.2
2.01
0.24
1988
 
9,740,433
0.549
17,753,455
161.4
0.76
0.23
1989
 
10,481,322
0.573
18,304,469
166.5
3.10
0.23
1990
 
11,483,857
0.598
19,211,806
174.7
4.96
0.23
1991
 
11,981,980
0.618
19,396,477
176.4
0.96
0.24
1992
 
12,935,102
0.634
20,395,935
185.5
5.15
0.24
1993
 
13,520,170
0.650
20,800,262
189.2
1.98
0.24
1994
 
14,573,911
0.664
21,963,215
199.7
5.59
0.25
1995
 
14,864,750
0.678
21,939,295
199.5
-0.11
0.24
1996
 
16,415,457
0.692
23,720,730
215.7
8.12
0.25
1997
 
16,797,726
0.704
23,858,034
217.0
0.58
0.24
1998
 
18,102,888
0.710
25,508,882
232.0
6.92
0.24
1999
 
18,948,924
0.720
26,317,584
239.3
3.17
0.24
2000
 
20,201,161
0.738
27,364,689
248.9
3.98
0.23
2001
 
20,892,158
0.753
27,744,493
252.3
1.39
0.23
2002
 
20,898,499
0.763
27,393,138
249.1
-1.27
0.23
2003
 
22,822,717
0.779
29,299,711
266.5
6.96
0.24
2004
 
24,553,198
0.798
30,758,012
279.7
4.98
0.25
2005
 
26,005,396
0.821
31,664,856
288.0
2.95
0.25
2006
 
27,393,137
0.844
32,440,949
295.0
2.45
0.24
2007
 
30,342,539
0.866
35,034,742
318.6
8.00
0.25
2008
 
32,676,797
0.892
36,645,505
333.3
4.60
0.26
2009
 
31,827,060
0.889
35,792,512
325.5
-2.33
0.26
2010
 
33,682,881
0.905
37,212,896
338.4
3.97
0.27
2011
 
36,654,995
0.928
39,497,215
359.2
6.14
0.28
2012
 
37,469,645
0.945
39,636,157
360.5
0.35
0.27
2013
 
37,840,240
0.958
39,507,042
359.3
-0.33
0.27
2014
 
39,607,122
0.971
40,781,213
370.9
3.23
0.27
2015
 
41,160,093
0.973
42,302,689
384.7
3.73
0.27
2016
 
41,551,502
0.983
42,276,975
384.5
-0.06
0.26
2017
 
42,989,296
1.000
42,989,296
390.9
1.68
0.26
2018
 
45,143,987
1.020
44,238,426
402.3
2.91
0.26
2019
 
48,031,409
1.035
46,401,330
422.0
4.89
0.26
2020
 
52,793,346
1.046
50,454,768
458.8
8.74
0.27
2021
 
58,627,888
1.090
53,786,560
489.1
6.60
0.27
2022
 
62,028,338
1.160
53,452,891
486.1
-0.62
0.28
Source: Calculations by the South Dakota Regional Economic Analysis Project (SD-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 South Dakota Regional Economic Analysis Project (SD-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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