Hughes County vs. Oklahoma
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Hughes County vs. Oklahoma
Hughes County:
2022 TPI = $627,717K
2022 Percent of State = 0.28%
Oklahoma:
2022 TPI = $226,307,998K
2022 Percent of U.S. = 1.04%
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 Hughes County and Oklahoma 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.
Hughes County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Hughes County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Hughes 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 Hughes County over time.
When measured in current dollars, Hughes County's total personal income increased 1,694.50%, from $35M in 1970 to $628M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 205.66%, from $177M in 1970 to $541M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Hughes County's and Oklahoma'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, Hughes County's real total personal income rose from $173M in 1969 to $541M in 2022, for a net gain of $368M, or 213.53%. In comparison, Oklahoma's real total personal income increased from $44,775M in 1969 to $195,021M in 2022, for a net advance of $150,246M, or 335.56%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Hughes County's real total personal income growth in a broader context by offering direct comparisons across time with Oklahoma, 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.
Hughes County's overall real total personal income growth was 213.53% over 1969-2022 trailed Oklahoma's increase of 335.56%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Oklahoma Total: 1969-2022
Total Personal Income as a Percent of the Oklahoma Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Hughes County is to compare its individual percentage contributions to Oklahoma'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 Oklahoma's total personal income, while a declining share shows it grew more slowly.
In 1969, Hughes County's total personal income totaled 0.39% of Oklahoma's total personal income, while in 2022 it comprised 0.28% thereby yielding a -0.11% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.11%
=
0.28%
-
0.39%
 
   
Hughes County Real Total Personal Income:
Annual Percent Change, 1970-2022
Hughes County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Hughes 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, Hughes County's real total personal income grew at an annual rate of 2.29% over 1970-2022. The county recorded its highest growth in 2021 (16.46%) and posted its lowest growth in 2022 (-10.52%). In 2022, Hughes County's real total personal income declined by -10.52%
Hughes County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Hughes 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 Hughes 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, Hughes County's annual real total personal income growth rate averaged 3.22%. It averaged 0.58% in the 1980s, 1.60% during the 1990s, 3.24% during the 2000s, 3.21% throughout the 2010s, 1.04% 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 Hughes County noted in the previous graph with the corresponding decade averages for Oklahoma and the nation. As the chart reveals, Hughes County's average annual real total personal income growth lagged Oklahoma's average during the 1970s (3.22% vs. 4.93%), fell below Oklahoma's average in the 1980s (0.58% vs. 1.64%), lagged Oklahoma's average throughout the 1990s (1.60% vs. 2.37%), lagged Oklahoma's average in the 2000s (3.24% vs. 3.52%), surpassed Oklahoma's average during the 2010s (3.21% vs. 2.11%), and trailed Oklahoma's average over the 3 year period of the current decade, 2020-2022 (1.04% vs. 2.13%).
Finally, relative to nationwide real total personal income growth trends, Hughes County lagged the nation during the 1970s (3.22% vs. 3.50%), lagged the nation throughout the 1980s (0.58% vs. 3.16%), fell below the nation during the 1990s (1.60% vs. 3.27%), led the nation during the 2000s (3.24% vs. 2.06%), outpaced the nation over the 2010s (3.21% vs. 2.72%), and fell below the nation over 2020-2022 (1.04% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.29
3.22
0.58
1.60
3.24
3.21
1.04
-10.52
 
2.87
4.93
1.64
2.37
3.52
2.11
2.13
-3.45
 
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.

   
 
Hughes County:
Total Personal Income, 1969-2022
 
1969
 
32,579
0.189
172,531
100.0
N
0.39
1970
 
34,980
0.198
176,971
102.6
2.57
0.38
1971
 
37,506
0.206
182,024
105.5
2.86
0.37
1972
 
41,551
0.213
195,002
113.0
7.13
0.37
1973
 
48,801
0.225
217,328
126.0
11.45
0.39
1974
 
50,497
0.248
203,674
118.1
-6.28
0.36
1975
 
56,357
0.269
209,818
121.6
3.02
0.36
1976
 
60,282
0.283
212,763
123.3
1.40
0.35
1977
 
64,676
0.302
214,329
124.2
0.74
0.34
1978
 
70,226
0.323
217,580
126.1
1.52
0.32
1979
 
82,437
0.351
234,576
136.0
7.81
0.32
1980
 
92,477
0.389
237,559
137.7
1.27
0.32
1981
 
106,919
0.424
252,078
146.1
6.11
0.31
1982
 
112,847
0.448
252,054
146.1
-0.01
0.30
1983
 
118,073
0.467
252,963
146.6
0.36
0.30
1984
 
123,617
0.484
255,201
147.9
0.88
0.30
1985
 
127,277
0.501
253,904
147.2
-0.51
0.29
1986
 
127,808
0.512
249,532
144.6
-1.72
0.29
1987
 
125,157
0.528
237,031
137.4
-5.01
0.29
1988
 
132,656
0.549
241,786
140.1
2.01
0.29
1989
 
141,778
0.573
247,600
143.5
2.40
0.29
1990
 
150,691
0.598
252,097
146.1
1.82
0.29
1991
 
154,939
0.618
250,816
145.4
-0.51
0.29
1992
 
161,180
0.634
254,147
147.3
1.33
0.29
1993
 
163,136
0.650
250,978
145.5
-1.25
0.28
1994
 
173,489
0.664
261,452
151.5
4.17
0.29
1995
 
177,314
0.678
261,703
151.7
0.10
0.28
1996
 
199,493
0.692
288,272
167.1
10.15
0.30
1997
 
210,625
0.704
299,153
173.4
3.77
0.30
1998
 
210,787
0.710
297,021
172.2
-0.71
0.28
1999
 
207,609
0.720
288,342
167.1
-2.92
0.27
2000
 
227,945
0.738
308,777
179.0
7.09
0.27
2001
 
246,079
0.753
326,789
189.4
5.83
0.28
2002
 
255,721
0.763
335,192
194.3
2.57
0.28
2003
 
263,748
0.779
338,599
196.3
1.02
0.28
2004
 
280,431
0.798
351,298
203.6
3.75
0.27
2005
 
295,306
0.821
359,572
208.4
2.36
0.26
2006
 
310,745
0.844
368,007
213.3
2.35
0.25
2007
 
329,037
0.866
379,920
220.2
3.24
0.26
2008
 
374,987
0.892
420,530
243.7
10.69
0.26
2009
 
349,816
0.889
393,401
228.0
-6.45
0.26
2010
 
378,885
0.905
418,593
242.6
6.40
0.27
2011
 
411,033
0.928
442,904
256.7
5.81
0.27
2012
 
409,873
0.945
433,572
251.3
-2.11
0.26
2013
 
442,101
0.958
461,575
267.5
6.46
0.26
2014
 
486,052
0.971
500,460
290.1
8.42
0.27
2015
 
478,271
0.973
491,548
284.9
-1.78
0.28
2016
 
454,746
0.983
462,686
268.2
-5.87
0.28
2017
 
493,176
1.000
493,176
285.8
6.59
0.29
2018
 
520,380
1.020
509,941
295.6
3.40
0.29
2019
 
552,922
1.035
534,157
309.6
4.75
0.29
2020
 
543,171
1.046
519,110
300.9
-2.82
0.27
2021
 
658,962
1.090
604,547
350.4
16.46
0.30
2022
 
627,717
1.160
540,935
313.5
-10.52
0.28
Source: Calculations by the Oklahoma Regional Economic Analysis Project (OK-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.

   
 
Oklahoma:
Total Personal Income, 1969-2022
 
1969
 
8,454,824
0.189
44,774,792
100.0
N
1.07
1970
 
9,325,575
0.198
47,179,880
105.4
5.37
1.09
1971
 
10,163,611
0.206
49,325,945
110.2
4.55
1.10
1972
 
11,153,394
0.213
52,343,693
116.9
6.12
1.10
1973
 
12,652,931
0.225
56,347,945
125.8
7.65
1.12
1974
 
14,079,579
0.248
56,788,525
126.8
0.78
1.13
1975
 
15,735,744
0.269
58,584,304
130.8
3.16
1.15
1976
 
17,348,684
0.283
61,231,370
136.8
4.52
1.16
1977
 
19,295,941
0.302
63,944,661
142.8
4.43
1.17
1978
 
21,896,038
0.323
67,839,999
151.5
6.09
1.18
1979
 
25,413,798
0.351
72,315,391
161.5
6.60
1.23
1980
 
29,286,958
0.389
75,233,657
168.0
4.04
1.27
1981
 
34,192,458
0.424
80,614,070
180.0
7.15
1.32
1982
 
38,159,431
0.448
85,232,474
190.4
5.73
1.37
1983
 
39,088,971
0.467
83,745,332
187.0
-1.74
1.32
1984
 
41,896,949
0.484
86,494,248
193.2
3.28
1.28
1985
 
43,595,242
0.501
86,967,846
194.2
0.55
1.24
1986
 
43,867,691
0.512
85,647,301
191.3
-1.52
1.18
1987
 
43,620,137
0.528
82,610,767
184.5
-3.55
1.11
1988
 
45,584,662
0.549
83,085,140
185.6
0.57
1.07
1989
 
48,472,389
0.573
84,651,663
189.1
1.89
1.05
1990
 
51,112,102
0.598
85,507,490
191.0
1.01
1.04
1991
 
52,723,718
0.618
85,349,367
190.6
-0.18
1.04
1992
 
56,001,403
0.634
88,302,433
197.2
3.46
1.04
1993
 
58,200,991
0.650
89,539,986
200.0
1.40
1.03
1994
 
60,762,957
0.664
91,571,157
204.5
2.27
1.02
1995
 
63,357,553
0.678
93,511,162
208.8
2.12
1.01
1996
 
67,111,450
0.692
96,977,660
216.6
3.71
1.01
1997
 
71,071,391
0.704
100,943,643
225.4
4.09
1.01
1998
 
74,943,596
0.710
105,603,444
235.9
4.62
0.99
1999
 
76,956,477
0.720
106,882,511
238.7
1.21
0.96
2000
 
83,332,119
0.738
112,882,500
252.1
5.61
0.97
2001
 
88,609,534
0.753
117,672,219
262.8
4.24
0.99
2002
 
90,711,628
0.763
118,902,135
265.6
1.05
0.99
2003
 
95,275,667
0.779
122,314,513
273.2
2.87
1.01
2004
 
102,917,268
0.798
128,925,386
287.9
5.40
1.03
2005
 
112,487,587
0.821
136,967,851
305.9
6.24
1.07
2006
 
124,536,498
0.844
147,485,194
329.4
7.68
1.10
2007
 
128,994,333
0.866
148,942,156
332.6
0.99
1.08
2008
 
143,654,854
0.892
161,102,225
359.8
8.16
1.16
2009
 
133,218,319
0.889
149,816,488
334.6
-7.01
1.10
2010
 
139,695,062
0.905
154,335,309
344.7
3.02
1.11
2011
 
150,301,952
0.928
161,956,329
361.7
4.94
1.13
2012
 
159,875,362
0.945
169,119,430
377.7
4.42
1.15
2013
 
167,796,900
0.958
175,188,085
391.3
3.59
1.19
2014
 
177,635,739
0.971
182,901,472
408.5
4.40
1.20
2015
 
172,726,289
0.973
177,521,135
396.5
-2.94
1.12
2016
 
164,709,044
0.983
167,584,799
374.3
-5.60
1.04
2017
 
171,995,438
1.000
171,995,438
384.1
2.63
1.03
2018
 
180,823,960
1.020
177,196,743
395.8
3.02
1.03
2019
 
189,981,259
1.035
183,533,719
409.9
3.58
1.04
2020
 
199,233,203
1.046
190,407,801
425.3
3.75
1.02
2021
 
220,176,482
1.090
201,994,919
451.1
6.09
1.03
2022
 
226,307,998
1.160
195,020,810
435.6
-3.45
1.04
Source: Calculations by the Oklahoma Regional Economic Analysis Project (OK-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 Oklahoma Regional Economic Analysis Project (OK-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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