Wagoner County vs. Oklahoma | Total Personal Income Trends over 1969-2022

Introduction

Wagoner County:

2022 TPI = $4,312,603K

2022 Percent of State = 1.91%

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 Wagoner 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.

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

Figure 1.

Figure 1 depicts Wagoner 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 Wagoner County over time.

When measured in current dollars, Wagoner County's total personal income increased 6,791.45%, from $63M in 1970 to $4,313M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,073.84%, from $317M in 1970 to $3,716M in 2022.

Real Total Personal Income, 1969-2022 (Millions)

Figure 2.

Figure 2 traces Wagoner 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, Wagoner County's real total personal income rose from $298M in 1969 to $3,716M in 2022, for a net gain of $3,418M, or 1,145.50%. In comparison, Oklahoma's real total personal income advanced 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

Figure 3.

Figure 3 portrays Wagoner 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.

Wagoner County's overall real total personal income growth was 1,145.50% over 1969-2022 outpaced Oklahoma's increase of 335.56%, and topped the United States' increase of 348.76%.

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 Wagoner County is to trace 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, Wagoner County's total personal income totaled 0.67% of Oklahoma's total personal income, while in 2022 it comprised 1.91% thereby yielding a +1.24% share-shift.

Total Personal Income Share-Shift

2022 vs. 1969

	Share- Shift*		2022	vs.	1969
Wagoner County	+1.24%	=	1.91%	-	0.67%

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

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

Figure 5.

Figure 5 shows the short-run pattern of Wagoner 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, Wagoner County's real total personal income grew at an annual rate of 4.95% over 1970-2022. The county recorded its highest growth in 1973 (15.02%) and posted its lowest growth in 1987 (-2.24%). In 2022, Wagoner County's real total personal income declined by -2.17%

Wagoner 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 shows the annual percent change in Wagoner 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, Wagoner County's annual real total personal income growth rate averaged 10.67%. It averaged 3.32% during the 1980s, 3.60% during the 1990s, 4.72% during the 2000s, 2.78% in the 2010s, 3.80% 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 Wagoner County noted in the previous graph with the corresponding decade averages for Oklahoma and the nation. As the chart reveals, Wagoner County's average annual real total personal income growth registered above Oklahoma's average during the 1970s (10.67% vs. 4.93%), outperformed Oklahoma's average throughout the 1980s (3.32% vs. 1.64%), outgained Oklahoma's average during the 1990s (3.60% vs. 2.37%), outperformed Oklahoma's average throughout the 2000s (4.72% vs. 3.52%), outpaced Oklahoma's average throughout the 2010s (2.78% vs. 2.11%), and outperformed Oklahoma's average over the 3 year period of the current decade, 2020-2022 (3.80% vs. 2.13%).

Finally, relative to nationwide real total personal income growth trends, Wagoner County surpassed the nation in the 1970s (10.67% vs. 3.50%), topped the nation during the 1980s (3.32% vs. 3.16%), outgained the nation in the 1990s (3.60% vs. 3.27%), registered above the nation throughout the 2000s (4.72% vs. 2.06%), registered above the nation over the 2010s (2.78% vs. 2.72%), and outgained the nation over 2020-2022 (3.80% 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
	%	%	%	%	%	%	%	%
Wagoner	4.95	10.67	3.32	3.60	4.72	2.78	3.80	-2.17
Oklahoma	2.87	4.93	1.64	2.37	3.52	2.11	2.13	-3.45
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.

Wagoner County:
Total Personal Income, 1969-2022


Year	Current Dollars (1000s)	Implicit Price Deflator2	Constant Dollars (1000s)	Index1	Percent Change	Percent of Statewide Total
1969	56,344	0.189	298,385	100.0	N	0.67
1970	62,579	0.198	316,599	106.1	6.10	0.67
1971	69,716	0.206	338,345	113.4	6.87	0.69
1972	81,208	0.213	381,115	127.7	12.64	0.73
1973	98,436	0.225	438,370	146.9	15.02	0.78
1974	120,826	0.248	487,339	163.3	11.17	0.86
1975	146,096	0.269	543,917	182.3	11.61	0.93
1976	175,452	0.283	619,250	207.5	13.85	1.01
1977	203,611	0.302	674,745	226.1	8.96	1.06
1978	235,838	0.323	730,692	244.9	8.29	1.08
1979	288,091	0.351	819,768	274.7	12.19	1.13
1980	357,960	0.389	919,544	308.2	12.17	1.22
1981	417,959	0.424	985,404	330.2	7.16	1.22
1982	453,951	0.448	1,013,940	339.8	2.90	1.19
1983	465,282	0.467	996,833	334.1	-1.69	1.19
1984	504,186	0.484	1,040,868	348.8	4.42	1.20
1985	537,487	0.501	1,072,229	359.3	3.01	1.23
1986	553,286	0.512	1,080,236	362.0	0.75	1.26
1987	557,596	0.528	1,056,013	353.9	-2.24	1.28
1988	585,255	0.549	1,066,718	357.5	1.01	1.28
1989	645,968	0.573	1,128,112	378.1	5.76	1.33
1990	690,653	0.598	1,155,421	387.2	2.42	1.35
1991	726,351	0.618	1,175,820	394.1	1.77	1.38
1992	773,365	0.634	1,219,434	408.7	3.71	1.38
1993	818,117	0.650	1,258,642	421.8	3.22	1.41
1994	870,026	0.664	1,311,149	439.4	4.17	1.43
1995	922,615	0.678	1,361,713	456.4	3.86	1.46
1996	975,221	0.692	1,409,218	472.3	3.49	1.45
1997	1,047,664	0.704	1,488,011	498.7	5.59	1.47
1998	1,111,828	0.710	1,566,683	525.1	5.29	1.48
1999	1,155,918	0.720	1,605,419	538.0	2.47	1.50
2000	1,231,310	0.738	1,667,945	559.0	3.89	1.48
2001	1,381,083	0.753	1,834,059	614.7	9.96	1.56
2002	1,412,337	0.763	1,851,250	620.4	0.94	1.56
2003	1,435,639	0.779	1,843,068	617.7	-0.44	1.51
2004	1,555,831	0.798	1,949,003	653.2	5.75	1.51
2005	1,692,079	0.821	2,060,320	690.5	5.71	1.50
2006	1,894,244	0.844	2,243,302	751.8	8.88	1.52
2007	2,075,690	0.866	2,396,677	803.2	6.84	1.61
2008	2,226,182	0.892	2,496,559	836.7	4.17	1.55
2009	2,254,200	0.889	2,535,059	849.6	1.54	1.69
2010	2,337,539	0.905	2,582,517	865.5	1.87	1.67
2011	2,458,310	0.928	2,648,927	887.8	2.57	1.64
2012	2,596,205	0.945	2,746,319	920.4	3.68	1.62
2013	2,689,187	0.958	2,807,641	940.9	2.23	1.60
2014	2,791,681	0.971	2,874,436	963.3	2.38	1.57
2015	2,873,678	0.973	2,953,451	989.8	2.75	1.66
2016	2,939,606	0.983	2,990,930	1,002.4	1.27	1.78
2017	3,046,776	1.000	3,046,776	1,021.1	1.87	1.77
2018	3,206,802	1.020	3,142,476	1,053.2	3.14	1.77
2019	3,448,758	1.035	3,331,715	1,116.6	6.02	1.82
2020	3,751,824	1.046	3,585,630	1,201.7	7.62	1.88
2021	4,140,706	1.090	3,798,778	1,273.1	5.94	1.88
2022	4,312,603	1.160	3,716,384	1,245.5	-2.17	1.91

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 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 Table Tip: 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


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

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 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 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 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

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