Branch County vs. Michigan
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Branch County vs. Michigan
Branch County:
2022 TPI = $1,916,634K
2022 Percent of State = 0.33%
Michigan:
2022 TPI = $572,325,054K
2022 Percent of U.S. = 2.62%
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 Branch County and Michigan 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.
Branch County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Branch County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Branch 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 Branch County over time.
When measured in current dollars, Branch County's total personal income increased 1,466.34%, from $122M in 1970 to $1,917M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 166.80%, from $619M in 1970 to $1,652M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Branch County's and Michigan'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, Branch County's real total personal income rose from $615M in 1969 to $1,652M in 2022, for a net gain of $1,037M, or 168.65%. In comparison, Michigan's real total personal income advanced from $191,008M in 1969 to $493,201M in 2022, for a net gain of $302,193M, or 158.21%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Branch County's real total personal income growth in a broader context by offering direct comparisons across time with Michigan, 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.
Branch County's overall real total personal income growth was 168.65% over 1969-2022 outpaced Michigan's increase of 158.21%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Michigan Total: 1969-2022
Total Personal Income as a Percent of the Michigan Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total personal income growth of Branch County is to compare its individual percentage contributions to Michigan'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 Michigan's total personal income, while a declining share shows it grew more slowly.
In 1969, Branch County's total personal income totaled 0.32% of Michigan's total personal income, while in 2022 it comprised 0.33% thereby yielding a +0.01% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.01%
=
0.33%
-
0.32%
 
   
Branch County Real Total Personal Income:
Annual Percent Change, 1970-2022
Branch County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Branch 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, Branch County's real total personal income grew at an annual rate of 1.94% over 1970-2022. The county posted its highest growth in 2020 (10.65%) and recorded its lowest growth in 2022 (-7.51%). In 2022, Branch County's real total personal income declined by -7.51%
Branch County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Branch 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 traces the annual percent change in Branch 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, Branch County's annual real total personal income growth rate averaged 4.58%. It averaged 0.85% throughout the 1980s, 2.39% during the 1990s, 0.13% throughout the 2000s, 1.68% in the 2010s, 2.26% 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 Branch County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, Branch County's average annual real total personal income growth registered above Michigan's average throughout the 1970s (4.58% vs. 2.86%), recorded under Michigan's average in the 1980s (0.85% vs. 1.68%), amounted to less than Michigan's average throughout the 1990s (2.39% vs. 2.86%), recorded above Michigan's average in the 2000s (0.13% vs. -0.25%), recorded under Michigan's average during the 2010s (1.68% vs. 2.18%), and exceeded Michigan's average over the 3 year period of the current decade, 2020-2022 (2.26% vs. 1.55%).
Finally, relative to nationwide real total personal income growth trends, Branch County recorded above the nation over the 1970s (4.58% vs. 3.50%), posted below the nation throughout the 1980s (0.85% vs. 3.16%), trailed the nation during the 1990s (2.39% vs. 3.27%), posted below the nation over the 2000s (0.13% vs. 2.06%), posted below the nation throughout the 2010s (1.68% vs. 2.72%), and outgained the nation over 2020-2022 (2.26% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.94
4.58
0.85
2.39
0.13
1.68
2.26
-7.51
 
1.85
2.86
1.68
2.86
-0.25
2.18
1.55
-5.38
 
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.

   
 
Branch County:
Total Personal Income, 1969-2022
 
1969
 
116,092
0.189
614,796
100.0
N
0.32
1970
 
122,364
0.198
619,063
100.7
0.69
0.33
1971
 
140,084
0.206
679,854
110.6
9.82
0.34
1972
 
154,797
0.213
726,474
118.2
6.86
0.34
1973
 
179,583
0.225
799,746
130.1
10.09
0.36
1974
 
187,930
0.248
757,996
123.3
-5.22
0.35
1975
 
217,318
0.269
809,077
131.6
6.74
0.38
1976
 
236,811
0.283
835,813
135.9
3.30
0.37
1977
 
270,775
0.302
897,319
146.0
7.36
0.37
1978
 
299,442
0.323
927,754
150.9
3.39
0.37
1979
 
334,908
0.351
952,986
155.0
2.72
0.38
1980
 
351,177
0.389
902,119
146.7
-5.34
0.37
1981
 
384,850
0.424
907,344
147.6
0.58
0.38
1982
 
397,570
0.448
888,008
144.4
-2.13
0.38
1983
 
414,416
0.467
887,857
144.4
-0.02
0.37
1984
 
440,759
0.484
909,926
148.0
2.49
0.36
1985
 
461,270
0.501
920,184
149.7
1.13
0.35
1986
 
492,112
0.512
960,800
156.3
4.41
0.35
1987
 
518,568
0.528
982,099
159.7
2.22
0.35
1988
 
542,550
0.549
988,882
160.8
0.69
0.34
1989
 
591,294
0.573
1,032,630
168.0
4.42
0.35
1990
 
616,967
0.598
1,032,149
167.9
-0.05
0.35
1991
 
630,510
0.618
1,020,672
166.0
-1.11
0.35
1992
 
647,742
0.634
1,021,353
166.1
0.07
0.34
1993
 
666,244
0.650
1,024,991
166.7
0.36
0.33
1994
 
715,103
0.664
1,077,676
175.3
5.14
0.33
1995
 
751,294
0.678
1,108,856
180.4
2.89
0.33
1996
 
786,273
0.692
1,136,183
184.8
2.46
0.33
1997
 
833,466
0.704
1,183,783
192.5
4.19
0.33
1998
 
861,529
0.710
1,213,985
197.5
2.55
0.32
1999
 
939,126
0.720
1,304,324
212.2
7.44
0.33
2000
 
992,716
0.738
1,344,743
218.7
3.10
0.33
2001
 
1,011,444
0.753
1,343,183
218.5
-0.12
0.33
2002
 
1,025,163
0.763
1,343,754
218.6
0.04
0.33
2003
 
1,061,488
0.779
1,362,734
221.7
1.41
0.34
2004
 
1,077,926
0.798
1,350,328
219.6
-0.91
0.33
2005
 
1,099,418
0.821
1,338,680
217.7
-0.86
0.33
2006
 
1,121,743
0.844
1,328,450
216.1
-0.76
0.33
2007
 
1,146,989
0.866
1,324,361
215.4
-0.31
0.33
2008
 
1,183,574
0.892
1,327,323
215.9
0.22
0.33
2009
 
1,173,971
0.889
1,320,240
214.7
-0.53
0.35
2010
 
1,247,646
0.905
1,378,401
224.2
4.41
0.35
2011
 
1,315,255
0.928
1,417,240
230.5
2.82
0.35
2012
 
1,310,814
0.945
1,386,606
225.5
-2.16
0.34
2013
 
1,344,134
0.958
1,403,341
228.3
1.21
0.34
2014
 
1,365,504
0.971
1,405,982
228.7
0.19
0.34
2015
 
1,425,930
0.973
1,465,514
238.4
4.23
0.33
2016
 
1,453,654
0.983
1,479,034
240.6
0.92
0.33
2017
 
1,518,190
1.000
1,518,190
246.9
2.65
0.33
2018
 
1,571,074
1.020
1,539,559
250.4
1.41
0.33
2019
 
1,612,092
1.035
1,557,381
253.3
1.16
0.33
2020
 
1,803,050
1.046
1,723,181
280.3
10.65
0.34
2021
 
1,946,579
1.090
1,785,836
290.5
3.64
0.34
2022
 
1,916,634
1.160
1,651,658
268.7
-7.51
0.33
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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.

   
 
Michigan:
Total Personal Income, 1969-2022
 
1969
 
36,067,948
0.189
191,007,509
100.0
N
4.56
1970
 
37,361,665
0.198
189,019,857
99.0
-1.04
4.37
1971
 
40,643,958
0.206
197,252,890
103.3
4.36
4.40
1972
 
45,132,028
0.213
211,807,903
110.9
7.38
4.44
1973
 
50,382,867
0.225
224,372,599
117.5
5.93
4.45
1974
 
53,913,200
0.248
217,453,313
113.8
-3.08
4.33
1975
 
57,745,117
0.269
214,985,544
112.6
-1.13
4.24
1976
 
64,457,792
0.283
227,500,766
119.1
5.82
4.31
1977
 
72,465,620
0.302
240,143,226
125.7
5.56
4.39
1978
 
80,772,906
0.323
250,256,866
131.0
4.21
4.35
1979
 
88,473,249
0.351
251,752,124
131.8
0.60
4.27
1980
 
94,701,793
0.389
243,274,232
127.4
-3.37
4.09
1981
 
101,183,597
0.424
238,556,164
124.9
-1.94
3.91
1982
 
104,753,909
0.448
233,977,148
122.5
-1.92
3.77
1983
 
111,587,381
0.467
239,068,003
125.2
2.18
3.76
1984
 
123,022,181
0.484
253,973,412
133.0
6.23
3.76
1985
 
133,511,635
0.501
266,341,436
139.4
4.87
3.81
1986
 
141,960,377
0.512
277,163,508
145.1
4.06
3.82
1987
 
147,028,829
0.528
278,453,144
145.8
0.47
3.74
1988
 
157,389,827
0.549
286,867,451
150.2
3.02
3.69
1989
 
169,457,810
0.573
295,939,313
154.9
3.16
3.68
1990
 
177,358,200
0.598
296,709,661
155.3
0.26
3.62
1991
 
181,544,360
0.618
293,884,741
153.9
-0.95
3.58
1992
 
192,090,223
0.634
302,885,877
158.6
3.06
3.55
1993
 
202,230,763
0.650
311,124,251
162.9
2.72
3.58
1994
 
217,482,045
0.664
327,750,384
171.6
5.34
3.67
1995
 
229,978,752
0.678
339,431,992
177.7
3.56
3.66
1996
 
241,755,067
0.692
349,341,888
182.9
2.92
3.63
1997
 
253,075,718
0.704
359,446,814
188.2
2.89
3.58
1998
 
268,711,943
0.710
378,643,515
198.2
5.34
3.54
1999
 
282,128,877
0.720
391,840,220
205.1
3.49
3.54
2000
 
301,060,433
0.738
407,819,394
213.5
4.08
3.49
2001
 
306,670,387
0.753
407,253,973
213.2
-0.14
3.41
2002
 
306,427,101
0.763
401,655,636
210.3
-1.37
3.35
2003
 
313,961,005
0.779
403,061,860
211.0
0.35
3.31
2004
 
322,698,379
0.798
404,247,158
211.6
0.29
3.22
2005
 
329,235,279
0.821
400,885,554
209.9
-0.83
3.12
2006
 
336,842,607
0.844
398,913,556
208.8
-0.49
2.98
2007
 
346,731,862
0.866
400,350,852
209.6
0.36
2.91
2008
 
356,356,155
0.892
399,636,823
209.2
-0.18
2.87
2009
 
339,099,994
0.889
381,349,731
199.7
-4.58
2.81
2010
 
352,074,311
0.905
388,972,215
203.6
2.00
2.81
2011
 
372,954,243
0.928
401,873,026
210.4
3.32
2.80
2012
 
387,339,206
0.945
409,735,340
214.5
1.96
2.79
2013
 
390,857,856
0.958
408,074,520
213.6
-0.41
2.78
2014
 
407,267,049
0.971
419,339,843
219.5
2.76
2.76
2015
 
429,284,900
0.973
441,201,760
231.0
5.21
2.78
2016
 
441,557,210
0.983
449,266,625
235.2
1.83
2.78
2017
 
454,894,818
1.000
454,894,818
238.2
1.25
2.73
2018
 
474,208,013
1.020
464,695,692
243.3
2.15
2.71
2019
 
489,493,146
1.035
472,880,842
247.6
1.76
2.67
2020
 
531,530,232
1.046
507,985,122
266.0
7.42
2.71
2021
 
568,132,011
1.090
521,217,247
272.9
2.60
2.66
2022
 
572,325,054
1.160
493,200,843
258.2
-5.38
2.62
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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 Michigan Regional Economic Analysis Project (MI-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.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, MI-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.