Codington County vs. South Dakota
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Codington County vs. South Dakota
Codington County:
2022 TPI = $1,941,062K
2022 Percent of State = 3.13%
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 Codington 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.
Codington County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Codington County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Codington 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 Codington County over time.
When measured in current dollars, Codington County's total personal income increased 2,830.35%, from $66M in 1970 to $1,941M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 399.14%, from $335M in 1970 to $1,673M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Codington 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, Codington County's real total personal income rose from $314M in 1969 to $1,673M in 2022, for a net gain of $1,359M, or 432.42%. In comparison, South Dakota's real total personal income increased from $10,996M in 1969 to $53,453M in 2022, for a net gain 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 Codington 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.
Codington County's overall real total personal income growth was 432.42% over 1969-2022 outpaced South Dakota's increase of 386.10%, and outpaced 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 comparing the total personal income growth of Codington 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, Codington County's total personal income comprised 2.86% of South Dakota's total personal income, while in 2022 it totaled 3.13% thereby yielding a +0.27% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.27%
=
3.13%
-
2.86%
 
   
Codington County Real Total Personal Income:
Annual Percent Change, 1970-2022
Codington County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Codington 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, Codington County's real total personal income grew at an annual rate of 3.28% over 1970-2022. The county recorded its highest growth in 1973 (17.55%) and recorded its lowest growth in 1974 (-5.98%). In 2022, Codington County's real total personal income declined by -0.30%
Codington County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Codington 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 traces the annual percent change in Codington 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, Codington County's annual real total personal income growth rate averaged 3.96%. It averaged 2.76% in the 1980s, 4.18% during the 1990s, 1.94% throughout the 2000s, 2.47% in the 2010s, 6.88% 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 Codington County noted in the previous graph with the corresponding decade averages for South Dakota and the nation. As the chart reveals, Codington County's average annual real total personal income growth lagged South Dakota's average in the 1970s (3.96% vs. 4.20%), topped South Dakota's average throughout the 1980s (2.76% vs. 1.39%), exceeded South Dakota's average during the 1990s (4.18% vs. 3.73%), trailed South Dakota's average throughout the 2000s (1.94% vs. 3.17%), trailed South Dakota's average during the 2010s (2.47% vs. 2.65%), and outgained South Dakota's average over the 3 year period of the current decade, 2020-2022 (6.88% vs. 4.91%).
Finally, relative to nationwide real total personal income growth trends, Codington County outgained the nation throughout the 1970s (3.96% vs. 3.50%), fell under the nation during the 1980s (2.76% vs. 3.16%), topped the nation over the 1990s (4.18% vs. 3.27%), fell below the nation in the 2000s (1.94% vs. 2.06%), trailed the nation in the 2010s (2.47% vs. 2.72%), and exceeded the nation over 2020-2022 (6.88% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.28
3.96
2.76
4.18
1.94
2.47
6.88
-0.30
 
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.

   
 
Codington County:
Total Personal Income, 1969-2022
 
1969
 
59,325
0.189
314,171
100.0
N
2.86
1970
 
66,240
0.198
335,121
106.7
6.67
2.93
1971
 
72,440
0.206
351,565
111.9
4.91
2.93
1972
 
79,396
0.213
372,611
118.6
5.99
2.78
1973
 
98,355
0.225
438,009
139.4
17.55
2.73
1974
 
102,098
0.248
411,802
131.1
-5.98
2.83
1975
 
112,846
0.269
420,127
133.7
2.02
2.84
1976
 
118,301
0.283
417,538
132.9
-0.62
3.01
1977
 
128,083
0.302
424,453
135.1
1.66
2.87
1978
 
142,859
0.323
442,617
140.9
4.28
2.78
1979
 
160,398
0.351
456,415
145.3
3.12
2.83
1980
 
174,224
0.389
447,554
142.5
-1.94
3.05
1981
 
192,553
0.424
453,974
144.5
1.43
2.89
1982
 
213,881
0.448
477,722
152.1
5.23
3.05
1983
 
220,770
0.467
472,984
150.5
-0.99
3.03
1984
 
246,957
0.484
509,831
162.3
7.79
2.99
1985
 
257,945
0.501
514,573
163.8
0.93
3.04
1986
 
270,874
0.512
528,855
168.3
2.78
3.06
1987
 
284,522
0.528
538,847
171.5
1.89
3.06
1988
 
312,259
0.549
569,141
181.2
5.62
3.21
1989
 
341,838
0.573
596,982
190.0
4.89
3.26
1990
 
376,197
0.598
629,355
200.3
5.42
3.28
1991
 
396,768
0.618
642,290
204.4
2.06
3.31
1992
 
430,095
0.634
678,169
215.9
5.59
3.33
1993
 
451,360
0.650
694,400
221.0
2.39
3.34
1994
 
498,484
0.664
751,227
239.1
8.18
3.42
1995
 
524,212
0.678
773,699
246.3
2.99
3.53
1996
 
565,611
0.692
817,322
260.2
5.64
3.45
1997
 
598,295
0.704
849,766
270.5
3.97
3.56
1998
 
640,679
0.710
902,784
287.4
6.24
3.54
1999
 
645,613
0.720
896,672
285.4
-0.68
3.41
2000
 
694,558
0.738
940,855
299.5
4.93
3.44
2001
 
701,694
0.753
931,840
296.6
-0.96
3.36
2002
 
709,582
0.763
930,099
296.0
-0.19
3.40
2003
 
754,173
0.779
968,204
308.2
4.10
3.30
2004
 
810,691
0.798
1,015,560
323.3
4.89
3.30
2005
 
817,098
0.821
994,920
316.7
-2.03
3.14
2006
 
855,927
0.844
1,013,651
322.6
1.88
3.12
2007
 
943,605
0.866
1,089,525
346.8
7.49
3.11
2008
 
999,195
0.892
1,120,551
356.7
2.85
3.06
2009
 
960,706
0.889
1,080,404
343.9
-3.58
3.02
2010
 
1,024,555
0.905
1,131,930
360.3
4.77
3.04
2011
 
1,114,468
0.928
1,200,884
382.2
6.09
3.04
2012
 
1,171,462
0.945
1,239,196
394.4
3.19
3.13
2013
 
1,164,992
0.958
1,216,308
387.1
-1.85
3.08
2014
 
1,181,151
0.971
1,216,164
387.1
-0.01
2.98
2015
 
1,230,366
0.973
1,264,521
402.5
3.98
2.99
2016
 
1,248,329
0.983
1,270,124
404.3
0.44
3.00
2017
 
1,316,687
1.000
1,316,687
419.1
3.67
3.06
2018
 
1,362,097
1.020
1,334,774
424.9
1.37
3.02
2019
 
1,423,341
1.035
1,375,036
437.7
3.02
2.96
2020
 
1,573,306
1.046
1,503,614
478.6
9.35
2.98
2021
 
1,828,731
1.090
1,677,719
534.0
11.58
3.12
2022
 
1,941,062
1.160
1,672,709
532.4
-0.30
3.13
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 © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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