Grant County vs. South Dakota
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Grant County vs. South Dakota
Grant County:
2022 TPI = $527,395K
2022 Percent of State = 0.85%
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 Grant 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.
Grant County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Grant County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Grant 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 Grant County over time.
When measured in current dollars, Grant County's total personal income increased 1,809.61%, from $28M in 1970 to $527M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 225.27%, from $140M in 1970 to $454M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Grant 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, Grant County's real total personal income rose from $135M in 1969 to $454M in 2022, for a net gain of $319M, or 235.56%. 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 portrays Grant 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.
Grant County's overall real total personal income growth was 235.56% 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 Grant 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, Grant County's total personal income totaled 1.23% of South Dakota's total personal income, while in 2022 it totaled 0.85% thereby yielding a -0.38% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.38%
=
0.85%
-
1.23%
 
   
Grant County Real Total Personal Income:
Annual Percent Change, 1970-2022
Grant County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Grant 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, Grant County's real total personal income grew at an annual rate of 2.94% over 1970-2022. The county recorded its highest growth in 2006 (36.42%) and posted its lowest growth in 2009 (-19.85%). In 2022, Grant County's real total personal income grew by 0.88%
Grant County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Grant 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 Grant 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, Grant County's annual real total personal income growth rate averaged 4.76%. It averaged 1.59% throughout the 1980s, 1.70% during the 1990s, 3.53% throughout the 2000s, 1.92% in the 2010s, 6.90% 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 Grant County noted in the previous graph with the corresponding decade averages for South Dakota and the nation. As the chart reveals, Grant County's average annual real total personal income growth outperformed South Dakota's average throughout the 1970s (4.76% vs. 4.20%), recorded above South Dakota's average in the 1980s (1.59% vs. 1.39%), trailed South Dakota's average throughout the 1990s (1.70% vs. 3.73%), exceeded South Dakota's average in the 2000s (3.53% vs. 3.17%), recorded under South Dakota's average in the 2010s (1.92% vs. 2.65%), and registered above South Dakota's average over the 3 year period of the current decade, 2020-2022 (6.90% vs. 4.91%).
Finally, relative to nationwide real total personal income growth trends, Grant County outperformed the nation during the 1970s (4.76% vs. 3.50%), recorded underneath the nation in the 1980s (1.59% vs. 3.16%), trailed the nation in the 1990s (1.70% vs. 3.27%), topped the nation over the 2000s (3.53% vs. 2.06%), fell below the nation during the 2010s (1.92% vs. 2.72%), and surpassed the nation over 2020-2022 (6.90% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.94
4.76
1.59
1.70
3.53
1.92
6.90
0.88
 
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.

   
 
Grant County:
Total Personal Income, 1969-2022
 
1969
 
25,575
0.189
135,439
100.0
N
1.23
1970
 
27,618
0.198
139,725
103.2
3.16
1.22
1971
 
32,224
0.206
156,389
115.5
11.93
1.30
1972
 
36,210
0.213
169,936
125.5
8.66
1.27
1973
 
51,600
0.225
229,793
169.7
35.22
1.43
1974
 
57,341
0.248
231,279
170.8
0.65
1.59
1975
 
55,695
0.269
207,353
153.1
-10.35
1.40
1976
 
48,030
0.283
169,520
125.2
-18.25
1.22
1977
 
56,991
0.302
188,862
139.4
11.41
1.28
1978
 
59,822
0.323
185,345
136.8
-1.86
1.16
1979
 
69,738
0.351
198,441
146.5
7.07
1.23
1980
 
67,327
0.389
172,953
127.7
-12.84
1.18
1981
 
78,230
0.424
184,439
136.2
6.64
1.18
1982
 
84,997
0.448
189,848
140.2
2.93
1.21
1983
 
90,878
0.467
194,700
143.8
2.56
1.25
1984
 
103,018
0.484
212,676
157.0
9.23
1.25
1985
 
106,849
0.501
213,152
157.4
0.22
1.26
1986
 
107,982
0.512
210,824
155.7
-1.09
1.22
1987
 
114,456
0.528
216,765
160.0
2.82
1.23
1988
 
113,974
0.549
207,735
153.4
-4.17
1.17
1989
 
130,340
0.573
227,624
168.1
9.57
1.24
1990
 
139,600
0.598
233,542
172.4
2.60
1.22
1991
 
136,080
0.618
220,287
162.6
-5.68
1.14
1992
 
143,911
0.634
226,917
167.5
3.01
1.11
1993
 
141,429
0.650
217,583
160.6
-4.11
1.05
1994
 
164,024
0.664
247,188
182.5
13.61
1.13
1995
 
157,764
0.678
232,848
171.9
-5.80
1.06
1996
 
180,228
0.692
260,434
192.3
11.85
1.10
1997
 
187,227
0.704
265,921
196.3
2.11
1.11
1998
 
189,338
0.710
266,797
197.0
0.33
1.05
1999
 
190,342
0.720
264,360
195.2
-0.91
1.00
2000
 
197,890
0.738
268,064
197.9
1.40
0.98
2001
 
201,933
0.753
268,164
198.0
0.04
0.97
2002
 
200,082
0.763
262,262
193.6
-2.20
0.96
2003
 
211,274
0.779
271,233
200.3
3.42
0.93
2004
 
248,859
0.798
311,748
230.2
14.94
1.01
2005
 
327,388
0.821
398,636
294.3
27.87
1.26
2006
 
459,209
0.844
543,829
401.5
36.42
1.68
2007
 
437,402
0.866
505,042
372.9
-7.13
1.44
2008
 
362,048
0.892
406,020
299.8
-19.61
1.11
2009
 
289,373
0.889
325,427
240.3
-19.85
0.91
2010
 
300,862
0.905
332,393
245.4
2.14
0.89
2011
 
364,086
0.928
392,317
289.7
18.03
0.99
2012
 
330,572
0.945
349,686
258.2
-10.87
0.88
2013
 
402,479
0.958
420,208
310.3
20.17
1.06
2014
 
431,685
0.971
444,482
328.2
5.78
1.09
2015
 
463,415
0.973
476,279
351.7
7.15
1.13
2016
 
410,311
0.983
417,475
308.2
-12.35
0.99
2017
 
383,081
1.000
383,081
282.8
-8.24
0.89
2018
 
385,142
1.020
377,416
278.7
-1.48
0.85
2019
 
386,142
1.035
373,037
275.4
-1.16
0.80
2020
 
434,350
1.046
415,110
306.5
11.28
0.82
2021
 
491,063
1.090
450,512
332.6
8.53
0.84
2022
 
527,395
1.160
454,482
335.6
0.88
0.85
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.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, SD-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.