Seward County vs. Nebraska
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Seward County vs. Nebraska
Seward County:
2022 TPI = $1,048,987K
2022 Percent of State = 0.83%
Nebraska:
2022 TPI = $126,473,544K
2022 Percent of U.S. = 0.58%
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 Seward County and Nebraska 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.
Seward County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Seward County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Seward 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 Seward County over time.
When measured in current dollars, Seward County's total personal income increased 2,100.20%, from $48M in 1970 to $1,049M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 274.77%, from $241M in 1970 to $904M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Seward County's and Nebraska'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, Seward County's real total personal income rose from $247M in 1969 to $904M in 2022, for a net gain of $657M, or 265.86%. In comparison, Nebraska's real total personal income advanced from $28,487M in 1969 to $108,989M in 2022, for a net gain of $80,501M, or 282.58%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Seward County's real total personal income growth in a broader context by offering direct comparisons across time with Nebraska, 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.
Seward County's overall real total personal income growth was 265.86% over 1969-2022 trailed Nebraska's increase of 282.58%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Nebraska Total: 1969-2022
Total Personal Income as a Percent of the Nebraska Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Seward County is to compare its individual percentage contributions to Nebraska'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 Nebraska's total personal income, while a declining share shows it grew more slowly.
In 1969, Seward County's total personal income totaled 0.87% of Nebraska's total personal income, while in 2022 it comprised 0.83% thereby yielding a -0.04% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.04%
=
0.83%
-
0.87%
 
   
Seward County Real Total Personal Income:
Annual Percent Change, 1970-2022
Seward County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Seward 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, Seward County's real total personal income grew at an annual rate of 2.66% over 1970-2022. The county recorded its highest growth in 1978 (20.02%) and posted its lowest growth in 1980 (-15.01%). In 2022, Seward County's real total personal income declined by -6.51%
Seward County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Seward 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 illustrates the annual percent change in Seward 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, Seward County's annual real total personal income growth rate averaged 3.87%. It averaged 2.71% throughout the 1980s, 2.80% during the 1990s, 2.06% throughout the 2000s, 2.18% during the 2010s, 1.64% 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 Seward County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Seward County's average annual real total personal income growth recorded above Nebraska's average in the 1970s (3.87% vs. 3.39%), recorded above Nebraska's average during the 1980s (2.71% vs. 1.97%), fell below Nebraska's average during the 1990s (2.80% vs. 3.18%), fell below Nebraska's average in the 2000s (2.06% vs. 2.15%), fell below Nebraska's average throughout the 2010s (2.18% vs. 2.35%), and amounted to less than Nebraska's average over the 3 year period of the current decade, 2020-2022 (1.64% vs. 2.68%).
Finally, relative to nationwide real total personal income growth trends, Seward County surpassed the nation during the 1970s (3.87% vs. 3.50%), lagged the nation in the 1980s (2.71% vs. 3.16%), lagged the nation in the 1990s (2.80% vs. 3.27%), posted below the nation in the 2000s (2.06% vs. 2.06%), posted below the nation over the 2010s (2.18% vs. 2.72%), and fell under the nation over 2020-2022 (1.64% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.66
3.87
2.71
2.80
2.06
2.18
1.64
-6.51
 
2.61
3.39
1.97
3.18
2.15
2.35
2.68
-3.48
 
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.

   
 
Seward County:
Total Personal Income, 1969-2022
 
1969
 
46,656
0.189
247,079
100.0
N
0.87
1970
 
47,677
0.198
241,207
97.6
-2.38
0.82
1971
 
51,794
0.206
251,366
101.7
4.21
0.81
1972
 
57,862
0.213
271,551
109.9
8.03
0.82
1973
 
70,080
0.225
312,091
126.3
14.93
0.85
1974
 
76,371
0.248
308,035
124.7
-1.30
0.89
1975
 
95,375
0.269
355,082
143.7
15.27
0.98
1976
 
92,105
0.283
325,080
131.6
-8.45
0.90
1977
 
96,138
0.302
318,591
128.9
-2.00
0.87
1978
 
123,410
0.323
382,358
154.8
20.02
0.96
1979
 
121,453
0.351
345,597
139.9
-9.61
0.88
1980
 
114,344
0.389
293,732
118.9
-15.01
0.77
1981
 
144,661
0.424
341,061
138.0
16.11
0.84
1982
 
165,024
0.448
368,596
149.2
8.07
0.90
1983
 
166,499
0.467
356,712
144.4
-3.22
0.87
1984
 
186,179
0.484
384,358
155.6
7.75
0.88
1985
 
197,395
0.501
393,782
159.4
2.45
0.88
1986
 
204,327
0.512
398,928
161.5
1.31
0.89
1987
 
212,981
0.528
403,358
163.3
1.11
0.89
1988
 
235,367
0.549
428,993
173.6
6.36
0.92
1989
 
250,984
0.573
438,316
177.4
2.17
0.92
1990
 
266,691
0.598
446,158
180.6
1.79
0.91
1991
 
270,200
0.618
437,401
177.0
-1.96
0.89
1992
 
290,142
0.634
457,493
185.2
4.59
0.90
1993
 
293,493
0.650
451,528
182.7
-1.30
0.88
1994
 
322,447
0.664
485,935
196.7
7.62
0.91
1995
 
326,937
0.678
482,535
195.3
-0.70
0.87
1996
 
374,305
0.692
540,880
218.9
12.09
0.92
1997
 
383,696
0.704
544,969
220.6
0.76
0.91
1998
 
400,353
0.710
564,140
228.3
3.52
0.89
1999
 
412,580
0.720
573,020
231.9
1.57
0.88
2000
 
436,161
0.738
590,828
239.1
3.11
0.88
2001
 
462,252
0.753
613,864
248.4
3.90
0.89
2002
 
459,289
0.763
602,023
243.7
-1.93
0.87
2003
 
492,064
0.779
631,710
255.7
4.93
0.88
2004
 
512,398
0.798
641,886
259.8
1.61
0.87
2005
 
520,448
0.821
633,711
256.5
-1.27
0.86
2006
 
529,450
0.844
627,013
253.8
-1.06
0.84
2007
 
584,989
0.866
675,452
273.4
7.73
0.86
2008
 
630,190
0.892
706,729
286.0
4.63
0.87
2009
 
621,670
0.889
699,126
283.0
-1.08
0.87
2010
 
639,209
0.905
706,199
285.8
1.01
0.85
2011
 
709,635
0.928
764,660
309.5
8.28
0.84
2012
 
740,924
0.945
783,765
317.2
2.50
0.86
2013
 
759,485
0.958
792,939
320.9
1.17
0.88
2014
 
767,145
0.971
789,886
319.7
-0.39
0.84
2015
 
785,517
0.973
807,323
326.7
2.21
0.83
2016
 
787,603
0.983
801,354
324.3
-0.74
0.84
2017
 
817,669
1.000
817,669
330.9
2.04
0.85
2018
 
854,229
1.020
837,094
338.8
2.38
0.85
2019
 
895,685
1.035
865,287
350.2
3.37
0.86
2020
 
952,120
1.046
909,944
368.3
5.16
0.86
2021
 
1,053,902
1.090
966,874
391.3
6.26
0.86
2022
 
1,048,987
1.160
903,964
365.9
-6.51
0.83
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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.

   
 
Nebraska:
Total Personal Income, 1969-2022
 
1969
 
5,379,281
0.189
28,487,428
100.0
N
0.68
1970
 
5,798,379
0.198
29,335,116
103.0
2.98
0.68
1971
 
6,368,793
0.206
30,908,969
108.5
5.37
0.69
1972
 
7,052,470
0.213
33,097,757
116.2
7.08
0.69
1973
 
8,225,746
0.225
36,632,135
128.6
10.68
0.73
1974
 
8,565,102
0.248
34,546,453
121.3
-5.69
0.69
1975
 
9,766,447
0.269
36,360,562
127.6
5.25
0.72
1976
 
10,217,431
0.283
36,061,945
126.6
-0.82
0.68
1977
 
11,073,092
0.302
36,695,029
128.8
1.76
0.67
1978
 
12,810,851
0.323
39,691,570
139.3
8.17
0.69
1979
 
13,834,996
0.351
39,367,715
138.2
-0.82
0.67
1980
 
14,766,423
0.389
37,932,653
133.2
-3.65
0.64
1981
 
17,139,112
0.424
40,408,139
141.8
6.53
0.66
1982
 
18,416,033
0.448
41,133,843
144.4
1.80
0.66
1983
 
19,059,909
0.467
40,834,495
143.3
-0.73
0.64
1984
 
21,198,999
0.484
43,764,320
153.6
7.17
0.65
1985
 
22,345,017
0.501
44,575,920
156.5
1.85
0.64
1986
 
22,995,304
0.512
44,896,042
157.6
0.72
0.62
1987
 
23,979,655
0.528
45,414,293
159.4
1.15
0.61
1988
 
25,708,448
0.549
46,857,647
164.5
3.18
0.60
1989
 
27,277,131
0.573
47,636,491
167.2
1.66
0.59
1990
 
29,237,911
0.598
48,913,276
171.7
2.68
0.60
1991
 
30,344,047
0.618
49,121,065
172.4
0.42
0.60
1992
 
32,191,221
0.634
50,758,784
178.2
3.33
0.60
1993
 
33,258,813
0.650
51,167,405
179.6
0.81
0.59
1994
 
35,389,620
0.664
53,332,962
187.2
4.23
0.60
1995
 
37,383,281
0.678
55,175,017
193.7
3.45
0.60
1996
 
40,706,786
0.692
58,822,285
206.5
6.61
0.61
1997
 
41,958,216
0.704
59,593,813
209.2
1.31
0.59
1998
 
44,746,986
0.710
63,053,230
221.3
5.80
0.59
1999
 
46,824,406
0.720
65,032,994
228.3
3.14
0.59
2000
 
49,570,265
0.738
67,148,364
235.7
3.25
0.58
2001
 
51,911,791
0.753
68,938,130
242.0
2.67
0.58
2002
 
52,804,271
0.763
69,214,286
243.0
0.40
0.58
2003
 
56,102,181
0.779
72,023,752
252.8
4.06
0.59
2004
 
58,597,206
0.798
73,405,246
257.7
1.92
0.59
2005
 
60,598,110
0.821
73,785,856
259.0
0.52
0.57
2006
 
63,317,163
0.844
74,984,797
263.2
1.62
0.56
2007
 
68,098,639
0.866
78,629,486
276.0
4.86
0.57
2008
 
72,377,339
0.892
81,167,813
284.9
3.23
0.58
2009
 
71,459,691
0.889
80,363,121
282.1
-0.99
0.59
2010
 
75,194,060
0.905
83,074,508
291.6
3.37
0.60
2011
 
84,096,145
0.928
90,616,940
318.1
9.08
0.63
2012
 
86,235,852
0.945
91,222,049
320.2
0.67
0.62
2013
 
86,022,151
0.958
89,811,289
315.3
-1.55
0.61
2014
 
91,084,468
0.971
93,784,524
329.2
4.42
0.62
2015
 
94,681,723
0.973
97,310,068
341.6
3.76
0.61
2016
 
93,559,697
0.983
95,193,213
334.2
-2.18
0.59
2017
 
95,823,701
1.000
95,823,701
336.4
0.66
0.58
2018
 
100,067,751
1.020
98,060,454
344.2
2.33
0.57
2019
 
104,489,901
1.035
100,943,747
354.3
2.94
0.57
2020
 
111,347,511
1.046
106,415,168
373.6
5.42
0.57
2021
 
123,080,460
1.090
112,916,817
396.4
6.11
0.58
2022
 
126,473,544
1.160
108,988,516
382.6
-3.48
0.58
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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 Nebraska Regional Economic Analysis Project (NE-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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