Sussex County vs. New Jersey
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Sussex County vs. New Jersey
Sussex County:
2022 TPI = $10,470,040K
2022 Percent of State = 1.46%
New Jersey:
2022 TPI = $714,990,176K
2022 Percent of U.S. = 3.28%
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 Sussex County and New Jersey 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.
Sussex County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Sussex County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Sussex 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 Sussex County over time.
When measured in current dollars, Sussex County's total personal income increased 2,897.48%, from $349M in 1970 to $10,470M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 410.57%, from $1,767M in 1970 to $9,023M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Sussex County's and New Jersey'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, Sussex County's real total personal income rose from $1,696M in 1969 to $9,023M in 2022, for a net gain of $7,327M, or 432.09%. In comparison, New Jersey's real total personal income increased from $172,135M in 1969 to $616,142M in 2022, for a net gain of $444,008M, or 257.94%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Sussex County's real total personal income growth in a broader context by offering direct comparisons across time with New Jersey, 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.
Sussex County's overall real total personal income growth was 432.09% over 1969-2022 outpaced New Jersey's increase of 257.94%, and topped the United States' increase of 348.76%.
Total Personal Income as a Percent of the New Jersey Total: 1969-2022
Total Personal Income as a Percent of the New Jersey Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Sussex County is to trace its individual percentage contributions to New Jersey'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 New Jersey's total personal income, while a declining share shows it grew more slowly.
In 1969, Sussex County's total personal income comprised 0.99% of New Jersey's total personal income, while in 2022 it equated to 1.46% thereby yielding a +0.48% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.48%
=
1.46%
-
0.99%
 
   
Sussex County Real Total Personal Income:
Annual Percent Change, 1970-2022
Sussex County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Sussex 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, Sussex County's real total personal income grew at an annual rate of 3.25% over 1970-2022. The county posted its highest growth in 1972 (11.35%) and recorded its lowest growth in 2022 (-3.94%). In 2022, Sussex County's real total personal income declined by -3.94%
Sussex County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Sussex 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 Sussex 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, Sussex County's annual real total personal income growth rate averaged 6.22%. It averaged 4.89% throughout the 1980s, 3.20% throughout the 1990s, 1.48% throughout the 2000s, 1.15% throughout the 2010s, 0.95% 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 Sussex County noted in the previous graph with the corresponding decade averages for New Jersey and the nation. As the chart reveals, Sussex County's average annual real total personal income growth outperformed New Jersey's average during the 1970s (6.22% vs. 2.51%), led New Jersey's average during the 1980s (4.89% vs. 3.80%), topped New Jersey's average during the 1990s (3.20% vs. 2.71%), amounted to less than New Jersey's average in the 2000s (1.48% vs. 1.69%), recorded under New Jersey's average in the 2010s (1.15% vs. 2.10%), and exceeded New Jersey's average over the 3 year period of the current decade, 2020-2022 (0.95% vs. 0.77%).
Finally, relative to nationwide real total personal income growth trends, Sussex County outperformed the nation in the 1970s (6.22% vs. 3.50%), exceeded the nation during the 1980s (4.89% vs. 3.16%), fell below the nation over the 1990s (3.20% vs. 3.27%), recorded underneath the nation during the 2000s (1.48% vs. 2.06%), fell below the nation throughout the 2010s (1.15% vs. 2.72%), and trailed the nation over 2020-2022 (0.95% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
3.25
6.22
4.89
3.20
1.48
1.15
0.95
-3.94
 
2.46
2.51
3.80
2.71
1.69
2.10
0.77
-4.75
 
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.

   
 
Sussex County:
Total Personal Income, 1969-2022
 
1969
 
320,196
0.189
1,695,684
100.0
N
0.99
1970
 
349,295
0.198
1,767,151
104.2
4.21
0.99
1971
 
394,563
0.206
1,914,890
112.9
8.36
1.04
1972
 
454,329
0.213
2,132,199
125.7
11.35
1.10
1973
 
518,837
0.225
2,310,563
136.3
8.37
1.15
1974
 
582,207
0.248
2,348,272
138.5
1.63
1.19
1975
 
645,304
0.269
2,402,472
141.7
2.31
1.22
1976
 
725,126
0.283
2,559,298
150.9
6.53
1.26
1977
 
812,305
0.302
2,691,891
158.7
5.18
1.29
1978
 
940,817
0.323
2,914,912
171.9
8.28
1.35
1979
 
1,085,360
0.351
3,088,410
182.1
5.95
1.40
1980
 
1,287,580
0.389
3,307,594
195.1
7.10
1.48
1981
 
1,444,055
0.424
3,404,586
200.8
2.93
1.49
1982
 
1,568,848
0.448
3,504,161
206.7
2.92
1.49
1983
 
1,721,766
0.467
3,688,761
217.5
5.27
1.52
1984
 
1,923,904
0.484
3,971,808
234.2
7.67
1.53
1985
 
2,055,302
0.501
4,100,108
241.8
3.23
1.53
1986
 
2,225,263
0.512
4,344,605
256.2
5.96
1.55
1987
 
2,424,222
0.528
4,591,156
270.8
5.67
1.57
1988
 
2,677,001
0.549
4,879,251
287.7
6.28
1.57
1989
 
2,847,000
0.573
4,971,970
293.2
1.90
1.56
1990
 
2,961,826
0.598
4,954,958
292.2
-0.34
1.54
1991
 
3,036,699
0.618
4,915,821
289.9
-0.79
1.55
1992
 
3,247,247
0.634
5,120,225
302.0
4.16
1.54
1993
 
3,420,257
0.650
5,261,934
310.3
2.77
1.57
1994
 
3,567,006
0.664
5,375,559
317.0
2.16
1.58
1995
 
3,798,468
0.678
5,606,264
330.6
4.29
1.59
1996
 
4,040,253
0.692
5,838,263
344.3
4.14
1.60
1997
 
4,265,262
0.704
6,058,008
357.3
3.76
1.59
1998
 
4,511,070
0.710
6,356,574
374.9
4.93
1.57
1999
 
4,892,248
0.720
6,794,695
400.7
6.89
1.63
2000
 
5,447,972
0.738
7,379,876
435.2
8.61
1.65
2001
 
5,535,662
0.753
7,351,282
433.5
-0.39
1.62
2002
 
5,734,930
0.763
7,517,178
443.3
2.26
1.66
2003
 
5,924,773
0.779
7,606,199
448.6
1.18
1.67
2004
 
6,140,658
0.798
7,692,457
453.6
1.13
1.66
2005
 
6,312,158
0.821
7,685,850
453.3
-0.09
1.65
2006
 
6,649,836
0.844
7,875,220
464.4
2.46
1.62
2007
 
6,999,080
0.866
8,081,425
476.6
2.62
1.61
2008
 
7,190,924
0.892
8,064,286
475.6
-0.21
1.60
2009
 
6,972,920
0.889
7,841,702
462.5
-2.76
1.60
2010
 
7,093,656
0.905
7,837,082
462.2
-0.06
1.58
2011
 
7,306,010
0.928
7,872,516
464.3
0.45
1.56
2012
 
7,467,113
0.945
7,898,865
465.8
0.33
1.54
2013
 
7,500,530
0.958
7,830,916
461.8
-0.86
1.54
2014
 
7,762,658
0.971
7,992,770
471.4
2.07
1.52
2015
 
7,908,640
0.973
8,128,182
479.3
1.69
1.49
2016
 
8,073,392
0.983
8,214,350
484.4
1.06
1.48
2017
 
8,298,473
1.000
8,298,473
489.4
1.02
1.47
2018
 
8,638,286
1.020
8,465,007
499.2
2.01
1.46
2019
 
9,096,590
1.035
8,787,872
518.2
3.81
1.46
2020
 
9,653,621
1.046
9,225,996
544.1
4.99
1.47
2021
 
10,237,523
1.090
9,392,137
553.9
1.80
1.45
2022
 
10,470,040
1.160
9,022,552
532.1
-3.94
1.46
Source: Calculations by the New Jersey Regional Economic Analysis Project (NJ-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.

   
 
New Jersey:
Total Personal Income, 1969-2022
 
1969
 
32,504,175
0.189
172,134,592
100.0
N
4.11
1970
 
35,294,519
0.198
178,561,768
103.7
3.73
4.13
1971
 
38,078,118
0.206
184,800,379
107.4
3.49
4.12
1972
 
41,394,930
0.213
194,269,429
112.9
5.12
4.07
1973
 
45,063,192
0.225
200,682,218
116.6
3.30
3.98
1974
 
48,945,152
0.248
197,415,206
114.7
-1.63
3.93
1975
 
52,877,698
0.269
196,864,103
114.4
-0.28
3.88
1976
 
57,408,891
0.283
202,621,999
117.7
2.92
3.84
1977
 
62,802,139
0.302
208,119,496
120.9
2.71
3.80
1978
 
69,699,071
0.323
215,947,054
125.5
3.76
3.76
1979
 
77,368,975
0.351
220,154,725
127.9
1.95
3.73
1980
 
87,084,508
0.389
223,706,607
130.0
1.61
3.76
1981
 
97,168,413
0.424
229,089,739
133.1
2.41
3.75
1982
 
104,980,977
0.448
234,484,325
136.2
2.35
3.78
1983
 
113,460,820
0.467
243,081,712
141.2
3.67
3.82
1984
 
125,385,448
0.484
258,852,264
150.4
6.49
3.83
1985
 
134,484,929
0.501
268,283,053
155.9
3.64
3.83
1986
 
143,990,664
0.512
281,127,441
163.3
4.79
3.87
1987
 
154,710,515
0.528
293,001,240
170.2
4.22
3.93
1988
 
170,480,905
0.549
310,727,978
180.5
6.05
4.00
1989
 
182,884,117
0.573
319,386,872
185.5
2.79
3.97
1990
 
192,170,879
0.598
321,490,387
186.8
0.66
3.92
1991
 
196,169,703
0.618
317,560,305
184.5
-1.22
3.87
1992
 
210,398,531
0.634
331,754,227
192.7
4.47
3.89
1993
 
217,404,095
0.650
334,467,838
194.3
0.82
3.85
1994
 
225,066,906
0.664
339,180,942
197.0
1.41
3.79
1995
 
238,901,876
0.678
352,601,877
204.8
3.96
3.81
1996
 
252,630,680
0.692
365,057,411
212.1
3.53
3.79
1997
 
268,793,397
0.704
381,770,842
221.8
4.58
3.80
1998
 
286,580,221
0.710
403,821,806
234.6
5.78
3.78
1999
 
299,723,847
0.720
416,277,339
241.8
3.08
3.76
2000
 
329,591,759
0.738
446,468,206
259.4
7.25
3.82
2001
 
341,308,913
0.753
453,253,450
263.3
1.52
3.80
2002
 
345,988,725
0.763
453,511,849
263.5
0.06
3.78
2003
 
354,097,719
0.779
454,589,210
264.1
0.24
3.74
2004
 
369,770,927
0.798
463,215,362
269.1
1.90
3.69
2005
 
382,749,265
0.821
466,045,594
270.7
0.61
3.63
2006
 
410,264,863
0.844
485,865,541
282.3
4.25
3.63
2007
 
435,048,745
0.866
502,325,153
291.8
3.39
3.65
2008
 
449,545,421
0.892
504,144,242
292.9
0.36
3.62
2009
 
436,271,441
0.889
490,628,132
285.0
-2.68
3.62
2010
 
448,931,100
0.905
495,979,738
288.1
1.09
3.58
2011
 
469,252,907
0.928
505,638,665
293.7
1.95
3.53
2012
 
484,600,001
0.945
512,619,799
297.8
1.38
3.48
2013
 
488,591,296
0.958
510,112,962
296.3
-0.49
3.47
2014
 
509,357,588
0.971
524,456,696
304.7
2.81
3.45
2015
 
530,303,097
0.973
545,024,201
316.6
3.92
3.43
2016
 
545,301,738
0.983
554,822,492
322.3
1.80
3.43
2017
 
566,237,088
1.000
566,237,088
329.0
2.06
3.40
2018
 
591,910,410
1.020
580,037,052
337.0
2.44
3.38
2019
 
624,819,804
1.035
603,614,816
350.7
4.06
3.41
2020
 
657,894,366
1.046
628,751,724
365.3
4.16
3.35
2021
 
705,095,171
1.090
646,870,369
375.8
2.88
3.30
2022
 
714,990,176
1.160
616,142,444
357.9
-4.75
3.28
Source: Calculations by the New Jersey Regional Economic Analysis Project (NJ-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 New Jersey Regional Economic Analysis Project (NJ-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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