New Haven County vs. Connecticut
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
New Haven County vs. Connecticut
New Haven County:
2022 TPI = $56,370,422K
2022 Percent of State = 18.74%
Connecticut:
2022 TPI = $300,750,748K
2022 Percent of U.S. = 1.38%
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 New Haven County and Connecticut 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.
New Haven County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
New Haven County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts New Haven 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 New Haven County over time.
When measured in current dollars, New Haven County's total personal income increased 1,470.11%, from $3,590M in 1970 to $56,370M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 167.44%, from $18,164M in 1970 to $48,577M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces New Haven County's and Connecticut'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, New Haven County's real total personal income rose from $17,758M in 1969 to $48,577M in 2022, for a net gain of $30,819M, or 173.55%. In comparison, Connecticut's real total personal income advanced from $77,808M in 1969 to $259,172M in 2022, for a net gain of $181,364M, or 233.09%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays New Haven County's real total personal income growth in a broader context by offering direct comparisons across time with Connecticut, 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.
New Haven County's overall real total personal income growth was 173.55% over 1969-2022 trailed Connecticut's increase of 233.09%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Connecticut Total: 1969-2022
Total Personal Income as a Percent of the Connecticut Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of New Haven County is to trace its individual percentage contributions to Connecticut'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 Connecticut's total personal income, while a declining share shows it grew more slowly.
In 1969, New Haven County's total personal income totaled 22.82% of Connecticut's total personal income, while in 2022 it totaled 18.74% thereby yielding a -4.08% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-4.08%
=
18.74%
-
22.82%
 
   
New Haven County Real Total Personal Income:
Annual Percent Change, 1970-2022
New Haven County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of New Haven 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, New Haven County's real total personal income grew at an annual rate of 1.94% over 1970-2022. The county posted its highest growth in 1984 (7.58%) and recorded its lowest growth in 2022 (-4.21%). In 2022, New Haven County's real total personal income declined by -4.21%
New Haven County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
New Haven 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 New Haven 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, New Haven County's annual real total personal income growth rate averaged 1.97%. It averaged 4.00% in the 1980s, 1.64% in the 1990s, 1.26% throughout the 2000s, 1.11% throughout the 2010s, 1.08% 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 New Haven County noted in the previous graph with the corresponding decade averages for Connecticut and the nation. As the chart reveals, New Haven County's average annual real total personal income growth trailed Connecticut's average in the 1970s (1.97% vs. 2.16%), trailed Connecticut's average during the 1980s (4.00% vs. 4.34%), posted below Connecticut's average during the 1990s (1.64% vs. 2.40%), posted below Connecticut's average in the 2000s (1.26% vs. 2.58%), outgained Connecticut's average during the 2010s (1.11% vs. 0.82%), and registered above Connecticut's average over the 3 year period of the current decade, 2020-2022 (1.08% vs. 0.12%).
Finally, relative to nationwide real total personal income growth trends, New Haven County posted below the nation throughout the 1970s (1.97% vs. 3.50%), led the nation during the 1980s (4.00% vs. 3.16%), lagged the nation during the 1990s (1.64% vs. 3.27%), trailed the nation in the 2000s (1.26% vs. 2.06%), posted below the nation during the 2010s (1.11% vs. 2.72%), and fell under the nation over 2020-2022 (1.08% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.94
1.97
4.00
1.64
1.26
1.11
1.08
-4.21
 
2.33
2.16
4.34
2.40
2.58
0.82
0.12
-3.38
 
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.

   
 
New Haven County:
Total Personal Income, 1969-2022
 
1969
 
3,353,210
0.189
17,757,824
100.0
N
22.82
1970
 
3,590,216
0.198
18,163,594
102.3
2.29
22.91
1971
 
3,810,156
0.206
18,491,415
104.1
1.80
23.07
1972
 
4,112,415
0.213
19,299,864
108.7
4.37
23.10
1973
 
4,482,966
0.225
19,964,222
112.4
3.44
23.12
1974
 
4,889,082
0.248
19,719,606
111.0
-1.23
23.11
1975
 
5,244,296
0.269
19,524,557
109.9
-0.99
23.08
1976
 
5,615,847
0.283
19,820,870
111.6
1.52
22.89
1977
 
6,151,807
0.302
20,386,423
114.8
2.85
22.76
1978
 
6,799,915
0.323
21,068,023
118.6
3.34
22.61
1979
 
7,572,308
0.351
21,547,130
121.3
2.27
22.39
1980
 
8,489,012
0.389
21,806,956
122.8
1.21
22.04
1981
 
9,458,988
0.424
22,301,044
125.6
2.27
21.91
1982
 
10,131,107
0.448
22,628,726
127.4
1.47
21.73
1983
 
10,922,442
0.467
23,400,553
131.8
3.41
21.86
1984
 
12,194,549
0.484
25,175,063
141.8
7.58
21.87
1985
 
13,058,131
0.501
26,049,575
146.7
3.47
21.79
1986
 
14,057,954
0.512
27,446,756
154.6
5.36
21.80
1987
 
15,270,474
0.528
28,920,257
162.9
5.37
21.78
1988
 
16,908,277
0.549
30,817,966
173.5
6.56
21.79
1989
 
18,222,898
0.573
31,824,275
179.2
3.27
21.65
1990
 
18,765,228
0.598
31,393,104
176.8
-1.35
21.60
1991
 
18,995,091
0.618
30,749,330
173.2
-2.05
21.61
1992
 
19,956,442
0.634
31,467,111
177.2
2.33
21.18
1993
 
20,724,909
0.650
31,884,475
179.6
1.33
21.31
1994
 
21,340,122
0.664
32,160,049
181.1
0.86
21.34
1995
 
22,293,080
0.678
32,902,973
185.3
2.31
21.13
1996
 
22,987,109
0.692
33,216,926
187.1
0.95
20.80
1997
 
24,200,722
0.704
34,372,608
193.6
3.48
20.63
1998
 
25,588,879
0.710
36,057,434
203.1
4.90
20.20
1999
 
26,910,554
0.720
37,375,250
210.5
3.65
20.13
2000
 
29,132,362
0.738
39,462,981
222.2
5.59
19.92
2001
 
30,501,592
0.753
40,505,686
228.1
2.64
19.73
2002
 
30,849,486
0.763
40,436,599
227.7
-0.17
19.97
2003
 
31,159,984
0.779
40,003,061
225.3
-1.07
19.92
2004
 
32,238,092
0.798
40,384,947
227.4
0.95
19.58
2005
 
33,366,437
0.821
40,627,853
228.8
0.60
19.25
2006
 
35,508,910
0.844
42,052,238
236.8
3.51
18.97
2007
 
37,428,292
0.866
43,216,243
243.4
2.77
18.58
2008
 
38,550,914
0.892
43,233,054
243.5
0.04
17.96
2009
 
37,564,909
0.889
42,245,262
237.9
-2.28
17.70
2010
 
38,258,599
0.905
42,268,156
238.0
0.05
17.41
2011
 
39,765,111
0.928
42,848,488
241.3
1.37
17.57
2012
 
40,677,916
0.945
43,029,932
242.3
0.42
17.75
2013
 
40,911,228
0.958
42,713,302
240.5
-0.74
18.28
2014
 
42,155,161
0.971
43,404,785
244.4
1.62
18.09
2015
 
43,407,412
0.973
44,612,393
251.2
2.78
18.15
2016
 
43,905,396
0.983
44,671,967
251.6
0.13
18.02
2017
 
44,624,504
1.000
44,624,504
251.3
-0.11
17.89
2018
 
46,564,739
1.020
45,630,679
257.0
2.25
17.87
2019
 
48,806,770
1.035
47,150,377
265.5
3.33
18.24
2020
 
52,231,213
1.046
49,917,535
281.1
5.87
18.76
2021
 
55,275,981
1.090
50,711,444
285.6
1.59
18.91
2022
 
56,370,422
1.160
48,577,184
273.6
-4.21
18.74
Source: Calculations by the Connecticut Regional Economic Analysis Project (CT-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.

   
 
Connecticut:
Total Personal Income, 1969-2022
 
1969
 
14,692,532
0.189
77,808,251
100.0
N
1.86
1970
 
15,673,815
0.198
79,296,848
101.9
1.91
1.83
1971
 
16,514,402
0.206
80,147,547
103.0
1.07
1.79
1972
 
17,804,686
0.213
83,558,692
107.4
4.26
1.75
1973
 
19,393,356
0.225
86,365,424
111.0
3.36
1.71
1974
 
21,157,238
0.248
85,335,530
109.7
-1.19
1.70
1975
 
22,725,543
0.269
84,607,383
108.7
-0.85
1.67
1976
 
24,536,404
0.283
86,600,092
111.3
2.36
1.64
1977
 
27,032,652
0.302
89,583,285
115.1
3.44
1.64
1978
 
30,080,860
0.323
93,198,847
119.8
4.04
1.62
1979
 
33,816,493
0.351
96,225,402
123.7
3.25
1.63
1980
 
38,512,122
0.389
98,931,674
127.1
2.81
1.66
1981
 
43,179,237
0.424
101,801,808
130.8
2.90
1.67
1982
 
46,620,377
0.448
104,130,748
133.8
2.29
1.68
1983
 
49,957,302
0.467
107,029,955
137.6
2.78
1.68
1984
 
55,764,293
0.484
115,122,717
148.0
7.56
1.70
1985
 
59,933,866
0.501
119,561,654
153.7
3.86
1.71
1986
 
64,498,723
0.512
125,927,338
161.8
5.32
1.73
1987
 
70,109,828
0.528
132,778,736
170.6
5.44
1.78
1988
 
77,602,137
0.549
141,441,970
181.8
6.52
1.82
1989
 
84,161,946
0.573
146,979,525
188.9
3.92
1.83
1990
 
86,883,116
0.598
145,350,257
186.8
-1.11
1.77
1991
 
87,907,577
0.618
142,305,140
182.9
-2.10
1.73
1992
 
94,201,383
0.634
148,535,766
190.9
4.38
1.74
1993
 
97,257,684
0.650
149,627,206
192.3
0.73
1.72
1994
 
99,992,503
0.664
150,690,974
193.7
0.71
1.69
1995
 
105,483,757
0.678
155,686,390
200.1
3.32
1.68
1996
 
110,516,027
0.692
159,698,318
205.2
2.58
1.66
1997
 
117,285,384
0.704
166,581,993
214.1
4.31
1.66
1998
 
126,666,437
0.710
178,486,391
229.4
7.15
1.67
1999
 
133,690,124
0.720
185,678,149
238.6
4.03
1.68
2000
 
146,216,908
0.738
198,066,847
254.6
6.67
1.70
2001
 
154,585,901
0.753
205,287,909
263.8
3.65
1.72
2002
 
154,452,766
0.763
202,452,145
260.2
-1.38
1.69
2003
 
156,438,636
0.779
200,835,284
258.1
-0.80
1.65
2004
 
164,657,448
0.798
206,267,864
265.1
2.70
1.65
2005
 
173,328,780
0.821
211,049,691
271.2
2.32
1.64
2006
 
187,213,123
0.844
221,711,420
284.9
5.05
1.66
2007
 
201,450,389
0.866
232,602,895
298.9
4.91
1.69
2008
 
214,658,238
0.892
240,729,212
309.4
3.49
1.73
2009
 
212,233,766
0.889
238,676,765
306.7
-0.85
1.76
2010
 
219,801,274
0.905
242,836,770
312.1
1.74
1.75
2011
 
226,305,765
0.928
243,853,460
313.4
0.42
1.70
2012
 
229,133,085
0.945
242,381,667
311.5
-0.60
1.65
2013
 
223,834,328
0.958
233,693,872
300.3
-3.58
1.59
2014
 
233,084,021
0.971
239,993,432
308.4
2.70
1.58
2015
 
239,184,854
0.973
245,824,576
315.9
2.43
1.55
2016
 
243,698,710
0.983
247,953,594
318.7
0.87
1.53
2017
 
249,451,101
1.000
249,451,101
320.6
0.60
1.50
2018
 
260,582,194
1.020
255,355,076
328.2
2.37
1.49
2019
 
267,552,755
1.035
258,472,612
332.2
1.22
1.46
2020
 
278,373,604
1.046
266,042,533
341.9
2.93
1.42
2021
 
292,370,938
1.090
268,227,758
344.7
0.82
1.37
2022
 
300,750,748
1.160
259,171,814
333.1
-3.38
1.38
Source: Calculations by the Connecticut Regional Economic Analysis Project (CT-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 Connecticut Regional Economic Analysis Project (CT-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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