Bradley County vs. Arkansas
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Bradley County vs. Arkansas
Bradley County:
2022 PCI = $48,740
2022 Percent of State = 92.63%
Arkansas:
2022 PCI = $52,618
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Bradley County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Bradley County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Bradley County's annual per capita 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 Bradley County over time.
When measured in current dollars, Bradley County's per capita personal income increased 1,776.92%, from $2,597 in 1970 to $48,740 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 219.70%, from $13,138 in 1970 to $42,002 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Bradley County's and Arkansas' annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Bradley County's real per capita personal income rose from $12,665 in 1969 to $42,002 in 2022, for a net gain of $29,336, or 231.63%. In comparison, Arkansas' real per capita personal income increased from $14,197 in 1969 to $45,343 in 2022, for a net gain of $31,146, or 219.38%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Bradley County's real per capita personal income growth in a broader context by offering direct comparisons across time with Arkansas, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Bradley County's overall real per capita personal income growth was 231.63% over 1969-2022 outpaced Arkansas' increase of 219.38%, and outpaced the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Bradley County and Arkansas per capita personal income as a percent of the national average over 1969-2022.
In 1969, Bradley County's per capita personal income amounted to 60.84% of the national average; in 2022, it approximated 74.45%. Similarly, in 1969, Arkansas' per capita personal income totaled 68.20% of the national average; in 2022, it consisted of 80.37%.
Bradley County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Bradley County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Bradley County's real per capita 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, Bradley County's real per capita personal income grew at an annual rate of 2.33% over 1970-2022. The county recorded its highest growth in 2001 (8.29%) and posted its lowest growth in 1999 (-5.32%). In 2022, Bradley County's real per capita personal income declined by -2.28%
Bradley County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Bradley County Real Per Capita 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 illustrates the annual percent change in Bradley County's real per capita 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, Bradley County's annual real per capita personal income growth rate averaged 3.59%. It averaged 2.65% in the 1980s, 0.60% throughout the 1990s, 1.65% in the 2000s, 3.06% throughout the 2010s, 2.70% thus far this decade (2020-2022).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Bradley County noted in the previous graph with the corresponding decade averages for Arkansas and the nation. As the chart reveals, Bradley County's average annual real per capita personal income growth posted below Arkansas' average in the 1970s (3.59% vs. 3.64%), exceeded Arkansas' average throughout the 1980s (2.65% vs. 1.92%), posted below Arkansas' average throughout the 1990s (0.60% vs. 2.24%), exceeded Arkansas' average during the 2000s (1.65% vs. 1.55%), outperformed Arkansas' average throughout the 2010s (3.06% vs. 1.82%), and led Arkansas' average over the 3 year period of the current decade, 2020-2022 (2.70% vs. 2.49%).
Finally, relative to nationwide real per capita personal income growth trends, Bradley County outgained the nation in the 1970s (3.59% vs. 2.37%), recorded above the nation throughout the 1980s (2.65% vs. 2.19%), lagged the nation in the 1990s (0.60% vs. 2.01%), topped the nation in the 2000s (1.65% vs. 1.10%), outperformed the nation during the 2010s (3.06% vs. 1.97%), and exceeded the nation over 2020-2022 (2.70% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.33
3.59
2.65
0.60
1.65
3.06
2.70
-2.28
 
2.25
3.64
1.92
2.24
1.55
1.82
2.49
-4.28
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Bradley County:
Per Capita Personal Income, 1969-2022
 
1969
 
2,392
0.189
12,665
100.0
N
89.21
60.84
1970
 
2,597
0.198
13,138
103.7
3.73
89.08
61.86
1971
 
2,889
0.206
14,019
110.7
6.71
90.95
64.61
1972
 
3,184
0.213
14,942
118.0
6.58
90.86
65.55
1973
 
3,573
0.225
15,911
125.6
6.49
87.81
66.62
1974
 
3,979
0.248
16,048
126.7
0.86
89.35
68.18
1975
 
4,366
0.269
16,255
128.3
1.29
91.56
69.04
1976
 
4,718
0.283
16,650
131.5
2.43
89.91
68.62
1977
 
5,087
0.302
16,858
133.1
1.24
88.68
67.69
1978
 
5,727
0.323
17,745
140.1
5.26
87.50
68.54
1979
 
6,317
0.351
17,976
141.9
1.30
89.10
68.43
1980
 
7,001
0.389
17,984
142.0
0.04
92.10
68.74
1981
 
7,677
0.424
18,099
142.9
0.64
89.35
67.99
1982
 
8,189
0.448
18,290
144.4
1.05
90.77
68.30
1983
 
8,955
0.467
19,185
151.5
4.90
94.08
70.51
1984
 
9,605
0.484
19,829
156.6
3.36
91.14
69.16
1985
 
10,068
0.501
20,084
158.6
1.28
90.17
68.27
1986
 
10,442
0.512
20,387
161.0
1.51
89.19
67.45
1987
 
10,767
0.528
20,392
161.0
0.02
88.94
66.35
1988
 
11,818
0.549
21,540
170.1
5.63
90.80
67.76
1989
 
13,327
0.573
23,274
183.8
8.05
95.64
71.43
1990
 
14,113
0.598
23,611
186.4
1.45
96.53
71.94
1991
 
14,485
0.618
23,448
185.1
-0.69
94.59
72.24
1992
 
15,422
0.634
24,317
192.0
3.71
93.86
73.17
1993
 
15,488
0.650
23,827
188.1
-2.01
91.40
71.33
1994
 
16,097
0.664
24,259
191.5
1.81
90.72
71.38
1995
 
16,500
0.678
24,353
192.3
0.39
88.80
69.98
1996
 
17,303
0.692
25,003
197.4
2.67
89.06
69.98
1997
 
18,064
0.704
25,656
202.6
2.61
89.53
69.68
1998
 
18,469
0.710
26,025
205.5
1.44
87.11
67.18
1999
 
17,741
0.720
24,640
194.6
-5.32
81.22
62.05
2000
 
18,214
0.738
24,673
194.8
0.13
80.13
59.62
2001
 
20,120
0.753
26,720
211.0
8.29
84.40
63.78
2002
 
20,378
0.763
26,711
210.9
-0.03
83.93
64.08
2003
 
21,645
0.779
27,788
219.4
4.03
84.67
66.28
2004
 
23,528
0.798
29,474
232.7
6.07
87.06
68.83
2005
 
23,273
0.821
28,338
223.8
-3.85
82.99
65.25
2006
 
24,274
0.844
28,747
227.0
1.44
82.63
64.14
2007
 
25,683
0.866
29,655
234.1
3.16
82.75
64.88
2008
 
25,483
0.892
28,578
225.6
-3.63
79.25
62.38
2009
 
25,631
0.889
28,825
227.6
0.86
81.60
65.21
2010
 
28,019
0.905
30,956
244.4
7.39
86.97
69.09
2011
 
29,018
0.928
31,268
246.9
1.01
84.90
68.04
2012
 
31,348
0.945
33,160
261.8
6.05
86.39
70.86
2013
 
31,772
0.958
33,171
261.9
0.03
87.56
71.56
2014
 
33,972
0.971
34,979
276.2
5.45
88.89
73.39
2015
 
35,126
0.973
36,101
285.0
3.21
89.46
73.09
2016
 
36,020
0.983
36,649
289.4
1.52
89.65
73.55
2017
 
37,199
1.000
37,199
293.7
1.50
89.85
72.93
2018
 
38,830
1.020
38,051
300.4
2.29
90.24
72.84
2019
 
40,218
1.035
38,853
306.8
2.11
91.92
72.40
2020
 
43,164
1.046
41,252
325.7
6.17
91.55
72.97
2021
 
46,851
1.090
42,982
339.4
4.19
90.73
72.72
2022
 
48,740
1.160
42,002
331.6
-2.28
92.63
74.45
Source: Calculations by the Arkansas Regional Economic Analysis Project (AR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Arkansas:
Per Capita Personal Income, 1969-2022
 
1969
 
2,681
0.189
14,197
100.0
N
68.20
1970
 
2,915
0.198
14,748
103.9
3.88
69.44
1971
 
3,176
0.206
15,414
108.6
4.51
71.04
1972
 
3,504
0.213
16,444
115.8
6.68
72.14
1973
 
4,069
0.225
18,121
127.6
10.20
75.87
1974
 
4,453
0.248
17,962
126.5
-0.88
76.31
1975
 
4,769
0.269
17,754
125.0
-1.16
75.41
1976
 
5,247
0.283
18,519
130.4
4.31
76.32
1977
 
5,736
0.302
19,010
133.9
2.65
76.33
1978
 
6,546
0.323
20,280
142.8
6.68
78.33
1979
 
7,090
0.351
20,176
142.1
-0.51
76.80
1980
 
7,601
0.389
19,525
137.5
-3.23
74.64
1981
 
8,592
0.424
20,257
142.7
3.75
76.09
1982
 
9,021
0.448
20,149
141.9
-0.53
75.24
1983
 
9,518
0.467
20,392
143.6
1.21
74.94
1984
 
10,538
0.484
21,756
153.2
6.69
75.87
1985
 
11,165
0.501
22,274
156.9
2.38
75.72
1986
 
11,708
0.512
22,859
161.0
2.63
75.62
1987
 
12,106
0.528
22,927
161.5
0.30
74.60
1988
 
13,015
0.549
23,722
167.1
3.47
74.62
1989
 
13,934
0.573
24,335
171.4
2.58
74.68
1990
 
14,621
0.598
24,460
172.3
0.52
74.53
1991
 
15,313
0.618
24,790
174.6
1.35
76.38
1992
 
16,431
0.634
25,909
182.5
4.51
77.96
1993
 
16,945
0.650
26,070
183.6
0.62
78.04
1994
 
17,743
0.664
26,740
188.3
2.57
78.68
1995
 
18,582
0.678
27,425
193.2
2.56
78.81
1996
 
19,427
0.692
28,073
197.7
2.36
78.57
1997
 
20,176
0.704
28,657
201.8
2.08
77.83
1998
 
21,203
0.710
29,878
210.4
4.26
77.12
1999
 
21,842
0.720
30,336
213.7
1.53
76.39
2000
 
22,731
0.738
30,791
216.9
1.50
74.40
2001
 
23,841
0.753
31,660
223.0
2.82
75.57
2002
 
24,280
0.763
31,825
224.2
0.52
76.35
2003
 
25,564
0.779
32,819
231.2
3.12
78.27
2004
 
27,024
0.798
33,854
238.5
3.15
79.06
2005
 
28,043
0.821
34,146
240.5
0.86
78.62
2006
 
29,376
0.844
34,789
245.0
1.88
77.63
2007
 
31,036
0.866
35,835
252.4
3.01
78.40
2008
 
32,157
0.892
36,062
254.0
0.63
78.71
2009
 
31,411
0.889
35,324
248.8
-2.05
79.91
2010
 
32,218
0.905
35,595
250.7
0.76
79.44
2011
 
34,180
0.928
36,830
259.4
3.47
80.14
2012
 
36,287
0.945
38,386
270.4
4.22
82.03
2013
 
36,285
0.958
37,883
266.8
-1.31
81.72
2014
 
38,218
0.971
39,351
277.2
3.88
82.57
2015
 
39,266
0.973
40,356
284.2
2.55
81.70
2016
 
40,179
0.983
40,881
287.9
1.30
82.05
2017
 
41,402
1.000
41,402
291.6
1.27
81.17
2018
 
43,029
1.020
42,166
297.0
1.85
80.72
2019
 
43,751
1.035
42,266
297.7
0.24
78.76
2020
 
47,147
1.046
45,059
317.4
6.61
79.70
2021
 
51,636
1.090
47,372
333.7
5.13
80.14
2022
 
52,618
1.160
45,343
319.4
-4.28
80.37
Source: Calculations by the Arkansas Regional Economic Analysis Project (AR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_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:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the Arkansas Regional Economic Analysis Project (AR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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