Vernon Parish vs. Louisiana
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Vernon Parish vs. Louisiana
Vernon Parish:
2022 TPI = $2,246,965K
2022 Percent of State = 0.90%
Louisiana:
2022 TPI = $250,170,566K
2022 Percent of U.S. = 1.15%
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 Vernon Parish and Louisiana 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.
Vernon Parish Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Vernon Parish Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Vernon Parish'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 Vernon Parish over time.
When measured in current dollars, Vernon Parish's total personal income increased 778.74%, from $256M in 1970 to $2,247M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 49.68%, from $1,294M in 1970 to $1,936M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Vernon Parish's and Louisiana'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, Vernon Parish's real total personal income rose from $1,311M in 1969 to $1,936M in 2022, for a net gain of $625M, or 47.71%. In comparison, Louisiana's real total personal income advanced from $57,014M in 1969 to $215,584M in 2022, for a net advance of $158,571M, or 278.13%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Vernon Parish's real total personal income growth in a broader context by offering direct comparisons across time with Louisiana, 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.
Vernon Parish's overall real total personal income growth was 47.71% over 1969-2022 trailed Louisiana's increase of 278.13%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Louisiana Total: 1969-2022
Total Personal Income as a Percent of the Louisiana Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Vernon Parish is to compare its individual percentage contributions to Louisiana'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 Louisiana's total personal income, while a declining share shows it grew more slowly.
In 1969, Vernon Parish's total personal income totaled 2.30% of Louisiana's total personal income, while in 2022 it equated to 0.90% thereby yielding a -1.40% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-1.40%
=
0.90%
-
2.30%
 
   
Vernon Parish Real Total Personal Income:
Annual Percent Change, 1970-2022
Vernon Parish Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Vernon Parish'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, Vernon Parish's real total personal income grew at an annual rate of 0.89% over 1970-2022. The parish posted its highest growth in 1978 (11.93%) and recorded its lowest growth in 1976 (-23.14%). In 2022, Vernon Parish's real total personal income declined by -7.90%
Vernon Parish Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Vernon Parish Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some parishes 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 Vernon Parish'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, Vernon Parish's annual real total personal income growth rate averaged -1.22%. It averaged 2.83% throughout the 1980s, 0.20% throughout the 1990s, 3.26% in the 2000s, -0.31% in the 2010s, -0.07% 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 Vernon Parish noted in the previous graph with the corresponding decade averages for Louisiana and the nation. As the chart reveals, Vernon Parish's average annual real total personal income growth recorded under Louisiana's average in the 1970s (-1.22% vs. 4.96%), topped Louisiana's average during the 1980s (2.83% vs. 1.34%), lagged Louisiana's average during the 1990s (0.20% vs. 2.94%), topped Louisiana's average in the 2000s (3.26% vs. 2.87%), lagged Louisiana's average during the 2010s (-0.31% vs. 1.32%), and posted below Louisiana's average over the 3 year period of the current decade, 2020-2022 (-0.07% vs. 0.74%).
Finally, relative to nationwide real total personal income growth trends, Vernon Parish lagged the nation throughout the 1970s (-1.22% vs. 3.50%), fell below the nation during the 1980s (2.83% vs. 3.16%), trailed the nation over the 1990s (0.20% vs. 3.27%), outgained the nation during the 2000s (3.26% vs. 2.06%), fell under the nation throughout the 2010s (-0.31% vs. 2.72%), and lagged the nation over 2020-2022 (-0.07% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
0.89
-1.22
2.83
0.20
3.26
-0.31
-0.07
-7.90
 
2.57
4.96
1.34
2.94
2.87
1.32
0.74
-6.87
 
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.

   
 
Vernon Parish:
Total Personal Income, 1969-2022
 
1969
 
247,541
0.189
1,310,920
100.0
N
2.30
1970
 
255,702
0.198
1,293,646
98.7
-1.32
2.19
1971
 
259,331
0.206
1,258,583
96.0
-2.71
2.04
1972
 
272,180
0.213
1,277,361
97.4
1.49
1.96
1973
 
265,827
0.225
1,183,821
90.3
-7.32
1.71
1974
 
289,088
0.248
1,166,007
88.9
-1.50
1.64
1975
 
332,384
0.269
1,237,468
94.4
6.13
1.67
1976
 
269,466
0.283
951,068
72.5
-23.14
1.20
1977
 
307,913
0.302
1,020,390
77.8
7.29
1.23
1978
 
368,631
0.323
1,142,121
87.1
11.93
1.29
1979
 
389,334
0.351
1,107,856
84.5
-3.00
1.20
1980
 
420,944
0.389
1,081,340
82.5
-2.39
1.13
1981
 
504,364
0.424
1,189,117
90.7
9.97
1.17
1982
 
566,494
0.448
1,265,315
96.5
6.41
1.22
1983
 
630,167
0.467
1,350,088
103.0
6.70
1.30
1984
 
682,066
0.484
1,408,093
107.4
4.30
1.33
1985
 
721,074
0.501
1,438,466
109.7
2.16
1.35
1986
 
756,859
0.512
1,477,692
112.7
2.73
1.41
1987
 
790,567
0.528
1,497,229
114.2
1.32
1.47
1988
 
810,137
0.549
1,476,601
112.6
-1.38
1.43
1989
 
832,599
0.573
1,454,042
110.9
-1.53
1.38
1990
 
903,109
0.598
1,510,847
115.3
3.91
1.39
1991
 
994,926
0.618
1,610,590
122.9
6.60
1.45
1992
 
1,043,867
0.634
1,645,959
125.6
2.20
1.43
1993
 
953,717
0.650
1,467,257
111.9
-10.86
1.24
1994
 
963,723
0.664
1,452,352
110.8
-1.02
1.18
1995
 
977,602
0.678
1,442,870
110.1
-0.65
1.14
1996
 
973,630
0.692
1,406,919
107.3
-2.49
1.09
1997
 
979,497
0.704
1,391,193
106.1
-1.12
1.04
1998
 
1,008,682
0.710
1,421,339
108.4
2.17
1.02
1999
 
1,056,942
0.720
1,467,955
112.0
3.28
1.04
2000
 
1,120,786
0.738
1,518,228
115.8
3.42
1.05
2001
 
1,174,056
0.753
1,559,130
118.9
2.69
1.02
2002
 
1,265,127
0.763
1,658,291
126.5
6.36
1.07
2003
 
1,339,705
0.779
1,719,908
131.2
3.72
1.10
2004
 
1,412,491
0.798
1,769,440
135.0
2.88
1.11
2005
 
1,526,363
0.821
1,858,540
141.8
5.04
1.11
2006
 
1,559,362
0.844
1,846,710
140.9
-0.64
1.08
2007
 
1,591,607
0.866
1,837,735
140.2
-0.49
1.00
2008
 
1,715,492
0.892
1,923,844
146.8
4.69
1.01
2009
 
1,795,255
0.889
2,018,933
154.0
4.94
1.09
2010
 
1,916,929
0.905
2,117,826
161.6
4.90
1.11
2011
 
1,988,846
0.928
2,143,061
163.5
1.19
1.12
2012
 
2,017,066
0.945
2,133,694
162.8
-0.44
1.08
2013
 
1,937,214
0.958
2,022,545
154.3
-5.21
1.02
2014
 
1,934,865
0.971
1,992,221
152.0
-1.50
0.98
2015
 
1,928,332
0.973
1,981,862
151.2
-0.52
0.97
2016
 
1,913,110
0.983
1,946,512
148.5
-1.78
0.97
2017
 
1,941,634
1.000
1,941,634
148.1
-0.25
0.95
2018
 
1,964,442
1.020
1,925,037
146.8
-0.85
0.93
2019
 
2,019,271
1.035
1,950,741
148.8
1.34
0.92
2020
 
2,164,167
1.046
2,068,301
157.8
6.03
0.93
2021
 
2,291,753
1.090
2,102,506
160.4
1.65
0.91
2022
 
2,246,965
1.160
1,936,321
147.7
-7.90
0.90
Source: Calculations by the Louisiana Regional Economic Analysis Project (LA-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.

   
 
Louisiana:
Total Personal Income, 1969-2022
 
1969
 
10,765,877
0.189
57,013,594
100.0
N
1.36
1970
 
11,663,035
0.198
59,005,540
103.5
3.49
1.36
1971
 
12,715,230
0.206
61,709,439
108.2
4.58
1.38
1972
 
13,912,080
0.213
65,290,407
114.5
5.80
1.37
1973
 
15,528,477
0.225
69,153,761
121.3
5.92
1.37
1974
 
17,651,808
0.248
71,196,741
124.9
2.95
1.42
1975
 
19,875,142
0.269
73,995,316
129.8
3.93
1.46
1976
 
22,415,528
0.283
79,114,559
138.8
6.92
1.50
1977
 
25,031,404
0.302
82,951,365
145.5
4.85
1.52
1978
 
28,630,805
0.323
88,706,175
155.6
6.94
1.54
1979
 
32,475,032
0.351
92,408,252
162.1
4.17
1.57
1980
 
37,374,092
0.389
96,008,251
168.4
3.90
1.62
1981
 
43,061,071
0.424
101,523,213
178.1
5.74
1.66
1982
 
46,351,425
0.448
103,530,019
181.6
1.98
1.67
1983
 
48,426,165
0.467
103,749,604
182.0
0.21
1.63
1984
 
51,456,385
0.484
106,229,247
186.3
2.39
1.57
1985
 
53,604,870
0.501
106,935,984
187.6
0.67
1.53
1986
 
53,664,957
0.512
104,775,488
183.8
-2.02
1.44
1987
 
53,761,175
0.528
101,816,551
178.6
-2.82
1.37
1988
 
56,826,716
0.549
103,575,533
181.7
1.73
1.33
1989
 
60,255,953
0.573
105,230,354
184.6
1.60
1.31
1990
 
64,855,002
0.598
108,498,540
190.3
3.11
1.32
1991
 
68,440,395
0.618
110,791,587
194.3
2.11
1.35
1992
 
73,201,408
0.634
115,423,223
202.4
4.18
1.35
1993
 
76,792,104
0.650
118,141,698
207.2
2.36
1.36
1994
 
81,800,589
0.664
123,275,347
216.2
4.35
1.38
1995
 
85,828,363
0.678
126,676,452
222.2
2.76
1.37
1996
 
89,603,979
0.692
129,479,906
227.1
2.21
1.35
1997
 
94,201,468
0.704
133,795,600
234.7
3.33
1.33
1998
 
98,863,548
0.710
139,309,183
244.3
4.12
1.30
1999
 
101,157,727
0.720
140,494,892
246.4
0.85
1.27
2000
 
106,907,698
0.738
144,818,209
254.0
3.08
1.24
2001
 
114,767,385
0.753
152,409,478
267.3
5.24
1.28
2002
 
118,194,270
0.763
154,925,574
271.7
1.65
1.29
2003
 
122,009,868
0.779
156,635,772
274.7
1.10
1.29
2004
 
127,386,860
0.798
159,578,664
279.9
1.88
1.27
2005
 
137,162,443
0.821
167,012,606
292.9
4.66
1.30
2006
 
144,684,366
0.844
171,345,767
300.5
2.59
1.28
2007
 
158,432,952
0.866
182,933,195
320.9
6.76
1.33
2008
 
170,008,643
0.892
190,656,771
334.4
4.22
1.37
2009
 
165,305,617
0.889
185,901,662
326.1
-2.49
1.37
2010
 
173,007,343
0.905
191,138,766
335.3
2.82
1.38
2011
 
178,350,916
0.928
192,180,203
337.1
0.54
1.34
2012
 
187,190,681
0.945
198,014,134
347.3
3.04
1.35
2013
 
189,741,336
0.958
198,099,139
347.5
0.04
1.35
2014
 
197,729,803
0.971
203,591,193
357.1
2.77
1.34
2015
 
198,425,901
0.973
203,934,163
357.7
0.17
1.28
2016
 
197,411,933
0.983
200,858,668
352.3
-1.51
1.24
2017
 
203,454,869
1.000
203,454,869
356.9
1.29
1.22
2018
 
212,320,756
1.020
208,061,732
364.9
2.26
1.21
2019
 
219,278,027
1.035
211,836,221
371.6
1.81
1.20
2020
 
233,715,013
1.046
223,362,176
391.8
5.44
1.19
2021
 
252,319,196
1.090
231,483,377
406.0
3.64
1.18
2022
 
250,170,566
1.160
215,584,366
378.1
-6.87
1.15
Source: Calculations by the Louisiana Regional Economic Analysis Project (LA-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 Louisiana Regional Economic Analysis Project (LA-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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