Macoupin County vs. Illinois | Total Personal Income Trends over 1969-2022

Introduction

Macoupin County:

2022 TPI = $2,258,553K

2022 Percent of State = 0.27%

Illinois:

2022 TPI = $851,243,089K

2022 Percent of U.S. = 3.90%

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 Macoupin County and Illinois 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.

Macoupin County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)

Figure 1.

Figure 1 depicts Macoupin 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 Macoupin County over time.

When measured in current dollars, Macoupin County's total personal income increased 1,272.58%, from $165M in 1970 to $2,259M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 133.80%, from $832M in 1970 to $1,946M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Macoupin County's and Illinois' annual real total personal income for the period 1969-2022 to illustrate real total personal income patterns over time. During this 54-year period, Macoupin County's real total personal income rose from $825M in 1969 to $1,946M in 2022, for a net gain of $1,122M, or 136.01%. In comparison, Illinois' real total personal income increased from $256,763M in 1969 to $733,558M in 2022, for a net gain of $476,796M, or 185.69%.

Real Total Personal Income Indices (1969=100): 1969-2022

Figure 3.

Figure 3 shows Macoupin County's real total personal income growth in a broader context by offering direct comparisons across time with Illinois, 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.

Macoupin County's overall real total personal income growth was 136.01% over 1969-2022 trailed Illinois' increase of 185.69%, and fell below the United States' increase of 348.76%.

Total Personal Income as a Percent of the Illinois Total: 1969-2022

Figure 4.

Another interesting and insightful way of contrasting the total personal income growth of Macoupin County is to trace its individual percentage contributions to Illinois' 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 Illinois' total personal income, while a declining share shows it grew more slowly.

In 1969, Macoupin County's total personal income comprised 0.32% of Illinois' total personal income, while in 2022 it totaled 0.27% thereby yielding a -0.06% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Macoupin County	-0.06%	=	0.27%	-	0.32%

*Percent figures may not add due to rounding by a factor of ± 0.01%.

Macoupin County Real Total Personal Income:
Annual Percent Change, 1970-2022

Figure 5.

Figure 5 highlights the short-run pattern of Macoupin 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, Macoupin County's real total personal income grew at an annual rate of 1.70% over 1970-2022. The county posted its highest growth in 1973 (11.61%) and posted its lowest growth in 2022 (-6.98%). In 2022, Macoupin County's real total personal income declined by -6.98%

Macoupin 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 Macoupin 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, Macoupin County's annual real total personal income growth rate averaged 3.99%. It averaged 0.74% during the 1980s, 1.83% throughout the 1990s, 1.05% throughout the 2000s, 0.63% in the 2010s, 2.61% thus far this decade (2020-2022).

Real Total Personal Income Growth:
Average Annual Percent Change by Decade

Figure 7.

Figure 7 compares the decade average growth rates for Macoupin County noted in the previous graph with the corresponding decade averages for Illinois and the nation. As the chart reveals, Macoupin County's average annual real total personal income growth outpaced Illinois' average during the 1970s (3.99% vs. 2.52%), trailed Illinois' average throughout the 1980s (0.74% vs. 1.90%), trailed Illinois' average during the 1990s (1.83% vs. 3.00%), fell below Illinois' average throughout the 2000s (1.05% vs. 1.10%), recorded under Illinois' average in the 2010s (0.63% vs. 1.95%), and outgained Illinois' average over the 3 year period of the current decade, 2020-2022 (2.61% vs. 0.92%).

Finally, relative to nationwide real total personal income growth trends, Macoupin County recorded above the nation during the 1970s (3.99% vs. 3.50%), fell below the nation during the 1980s (0.74% vs. 3.16%), fell below the nation during the 1990s (1.83% vs. 3.27%), fell below the nation in the 2000s (1.05% vs. 2.06%), posted below the nation over the 2010s (0.63% vs. 2.72%), and exceeded the nation over 2020-2022 (2.61% vs. 2.10%).

Real* Total Personal Income Growth:

Average Annual Percent Change

	1970-2022	1970-1979	1980-1989	1990-1999	2000-2009	2010-2019	2020-2022	2022
	%	%	%	%	%	%	%	%
Macoupin	1.70	3.99	0.74	1.83	1.05	0.63	2.61	-6.98
Illinois	2.03	2.52	1.90	3.00	1.10	1.95	0.92	-6.32
United States	2.89	3.50	3.16	3.27	2.06	2.72	2.10	-4.19

*Real total personal income growth determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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

Macoupin County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	155,723	0.189	824,673	100.0	N	0.32
1970	164,548	0.198	832,480	100.9	0.95	0.32
1971	178,854	0.206	868,013	105.3	4.27	0.32
1972	198,028	0.213	929,360	112.7	7.07	0.33
1973	232,925	0.225	1,037,297	125.8	11.61	0.35
1974	252,495	0.248	1,018,412	123.5	-1.82	0.34
1975	283,482	0.269	1,055,406	128.0	3.63	0.35
1976	299,443	0.283	1,056,870	128.2	0.14	0.34
1977	326,922	0.302	1,083,384	131.4	2.51	0.34
1978	371,084	0.323	1,149,721	139.4	6.12	0.35
1979	425,987	0.351	1,212,153	147.0	5.43	0.37
1980	440,377	0.389	1,131,260	137.2	-6.67	0.35
1981	500,304	0.424	1,179,545	143.0	4.27	0.36
1982	531,179	0.448	1,186,435	143.9	0.58	0.36
1983	524,027	0.467	1,122,690	136.1	-5.37	0.34
1984	579,017	0.484	1,195,353	144.9	6.47	0.34
1985	594,455	0.501	1,185,874	143.8	-0.79	0.34
1986	633,104	0.512	1,236,073	149.9	4.23	0.34
1987	651,037	0.528	1,232,978	149.5	-0.25	0.33
1988	657,301	0.549	1,198,033	145.3	-2.83	0.31
1989	739,190	0.573	1,290,914	156.5	7.75	0.33
1990	779,119	0.598	1,303,419	158.1	0.97	0.32
1991	785,173	0.618	1,271,041	154.1	-2.48	0.32
1992	857,455	0.634	1,352,026	163.9	6.37	0.32
1993	898,692	0.650	1,382,603	167.7	2.26	0.33
1994	941,390	0.664	1,418,696	172.0	2.61	0.32
1995	960,838	0.678	1,418,127	172.0	-0.04	0.31
1996	1,038,272	0.692	1,500,328	181.9	5.80	0.32
1997	1,082,218	0.704	1,537,089	186.4	2.45	0.31
1998	1,105,766	0.710	1,558,141	188.9	1.37	0.30
1999	1,110,809	0.720	1,542,769	187.1	-0.99	0.29
2000	1,176,308	0.738	1,593,438	193.2	3.28	0.29
2001	1,217,950	0.753	1,617,421	196.1	1.51	0.29
2002	1,235,975	0.763	1,620,080	196.5	0.16	0.29
2003	1,299,759	0.779	1,668,625	202.3	3.00	0.30
2004	1,333,750	0.798	1,670,801	202.6	0.13	0.29
2005	1,336,564	0.821	1,627,436	197.3	-2.60	0.28
2006	1,389,438	0.844	1,645,474	199.5	1.11	0.27
2007	1,443,892	0.866	1,667,177	202.2	1.32	0.27
2008	1,530,454	0.892	1,716,333	208.1	2.95	0.28
2009	1,521,125	0.889	1,710,648	207.4	-0.33	0.29
2010	1,571,664	0.905	1,736,377	210.6	1.50	0.29
2011	1,641,447	0.928	1,768,724	214.5	1.86	0.29
2012	1,598,172	0.945	1,690,579	205.0	-4.42	0.27
2013	1,696,334	0.958	1,771,055	214.8	4.76	0.28
2014	1,646,772	0.971	1,695,588	205.6	-4.26	0.26
2015	1,675,492	0.973	1,722,003	208.8	1.56	0.25
2016	1,703,387	0.983	1,733,127	210.2	0.65	0.26
2017	1,759,446	1.000	1,759,446	213.4	1.52	0.26
2018	1,836,511	1.020	1,799,672	218.2	2.29	0.25
2019	1,877,682	1.035	1,813,958	220.0	0.79	0.25
2020	2,068,565	1.046	1,976,934	239.7	8.98	0.26
2021	2,280,730	1.090	2,092,394	253.7	5.84	0.27
2022	2,258,553	1.160	1,946,307	236.0	-6.98	0.27

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Illinois Regional Economic Analysis Project (IL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PSN

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

Illinois:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Nationwide Total
1969	48,484,524	0.189	256,762,824	100.0	N	6.13
1970	51,524,271	0.198	260,671,208	101.5	1.52	6.02
1971	55,317,370	0.206	268,465,761	104.6	2.99	5.98
1972	60,029,922	0.213	281,724,808	109.7	4.94	5.91
1973	66,967,657	0.225	298,230,492	116.2	5.86	5.91
1974	73,216,354	0.248	295,310,588	115.0	-0.98	5.88
1975	79,866,258	0.269	297,342,733	115.8	0.69	5.86
1976	86,832,272	0.283	306,470,448	119.4	3.07	5.81
1977	95,459,667	0.302	316,343,011	123.2	3.22	5.78
1978	105,341,668	0.323	326,377,705	127.1	3.17	5.68
1979	115,574,101	0.351	328,868,056	128.1	0.76	5.57
1980	125,258,218	0.389	321,768,953	125.3	-2.16	5.41
1981	138,770,536	0.424	327,173,255	127.4	1.68	5.36
1982	146,908,425	0.448	328,132,999	127.8	0.29	5.29
1983	153,072,750	0.467	327,947,446	127.7	-0.06	5.16
1984	168,502,732	0.484	347,865,835	135.5	6.07	5.14
1985	177,117,004	0.501	353,329,485	137.6	1.57	5.05
1986	186,323,024	0.512	363,777,161	141.7	2.96	5.01
1987	196,407,522	0.528	371,969,853	144.9	2.25	5.00
1988	212,484,844	0.549	387,286,693	150.8	4.12	4.98
1989	226,699,892	0.573	395,906,275	154.2	2.23	4.92
1990	240,791,660	0.598	402,830,046	156.9	1.75	4.92
1991	246,145,686	0.618	398,461,628	155.2	-1.08	4.85
1992	265,619,959	0.634	418,826,804	163.1	5.11	4.91
1993	275,147,851	0.650	423,304,386	164.9	1.07	4.88
1994	289,797,793	0.664	436,731,860	170.1	3.17	4.88
1995	307,441,781	0.678	453,761,816	176.7	3.90	4.90
1996	326,997,896	0.692	472,519,827	184.0	4.13	4.91
1997	345,582,150	0.704	490,834,931	191.2	3.88	4.89
1998	366,594,082	0.710	516,569,789	201.2	5.24	4.83
1999	382,605,269	0.720	531,388,827	207.0	2.87	4.80
2000	411,220,857	0.738	557,043,777	216.9	4.83	4.77
2001	427,182,371	0.753	567,292,198	220.9	1.84	4.75
2002	432,381,648	0.763	566,753,153	220.7	-0.10	4.73
2003	440,480,118	0.779	565,486,582	220.2	-0.22	4.65
2004	457,834,274	0.798	573,533,108	223.4	1.42	4.57
2005	475,646,220	0.821	579,159,375	225.6	0.98	4.51
2006	506,021,647	0.844	599,267,701	233.4	3.47	4.48
2007	535,102,563	0.866	617,851,401	240.6	3.10	4.49
2008	551,159,732	0.892	618,099,957	240.7	0.04	4.44
2009	525,793,939	0.889	591,304,573	230.3	-4.34	4.36
2010	540,880,933	0.905	597,566,048	232.7	1.06	4.31
2011	568,230,348	0.928	612,290,794	238.5	2.46	4.27
2012	593,814,193	0.945	628,148,807	244.6	2.59	4.27
2013	605,681,569	0.958	632,360,874	246.3	0.67	4.31
2014	629,464,961	0.971	648,124,464	252.4	2.49	4.26
2015	657,080,243	0.973	675,320,654	263.0	4.20	4.25
2016	664,686,807	0.983	676,291,977	263.4	0.14	4.18
2017	685,632,726	1.000	685,632,726	267.0	1.38	4.12
2018	722,686,574	1.020	708,189,926	275.8	3.29	4.13
2019	741,717,231	1.035	716,545,005	279.1	1.18	4.04
2020	787,487,784	1.046	752,604,563	293.1	5.03	4.02
2021	853,520,944	1.090	783,039,554	305.0	4.04	3.99
2022	851,243,089	1.160	733,558,327	285.7	-6.32	3.90

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Illinois Regional Economic Analysis Project (IL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PSN

Interactive Table Tip: 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


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change
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

1 1969 = 100

2 Implicit Price Deflator for Personal Consumption (2017=1.00).

*Real total personal income determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

N Data not available for this year or not meaningful.

Source: Calculations by the Illinois Regional Economic Analysis Project (IL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_300_PN

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