Oxford County vs. Maine
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Oxford County vs. Maine
Oxford County:
2022 TPI = $2,763,527K
2022 Percent of State = 3.29%
Maine:
2022 TPI = $83,950,595K
2022 Percent of U.S. = 0.38%
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 Oxford County and Maine 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.
Oxford County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Oxford County Total Personal Income, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Oxford 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 Oxford County over time.
When measured in current dollars, Oxford County's total personal income increased 1,835.50%, from $143M in 1970 to $2,764M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 229.68%, from $722M in 1970 to $2,381M in 2022.
Real Total Personal Income, 1969-2022 (Millions)
Real Total Personal Income, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Oxford County's and Maine'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, Oxford County's real total personal income rose from $704M in 1969 to $2,381M in 2022, for a net gain of $1,677M, or 238.29%. In comparison, Maine's real total personal income increased from $17,137M in 1969 to $72,344M in 2022, for a net gain of $55,208M, or 322.16%.
Real Total Personal Income Indices (1969=100): 1969-2022
Real Total Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Oxford County's real total personal income growth in a broader context by offering direct comparisons across time with Maine, 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.
Oxford County's overall real total personal income growth was 238.29% over 1969-2022 trailed Maine's increase of 322.16%, and fell below the United States' increase of 348.76%.
Total Personal Income as a Percent of the Maine Total: 1969-2022
Total Personal Income as a Percent of the Maine Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of Oxford County is to trace its individual percentage contributions to Maine'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 Maine's total personal income, while a declining share shows it grew more slowly.
In 1969, Oxford County's total personal income comprised 4.11% of Maine's total personal income, while in 2022 it comprised 3.29% thereby yielding a -0.82% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.82%
=
3.29%
-
4.11%
 
   
Oxford County Real Total Personal Income:
Annual Percent Change, 1970-2022
Oxford County Real Total Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Oxford 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, Oxford County's real total personal income grew at an annual rate of 2.36% over 1970-2022. The county posted its highest growth in 2020 (9.49%) and posted its lowest growth in 2012 (-3.82%). In 2022, Oxford County's real total personal income declined by -3.47%
Oxford County Real Total Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Oxford 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 Oxford 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, Oxford County's annual real total personal income growth rate averaged 3.65%. It averaged 2.60% in the 1980s, 2.14% during the 1990s, 2.14% during the 2000s, 0.95% throughout the 2010s, 3.41% 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 Oxford County noted in the previous graph with the corresponding decade averages for Maine and the nation. As the chart reveals, Oxford County's average annual real total personal income growth trailed Maine's average throughout the 1970s (3.65% vs. 3.65%), fell below Maine's average during the 1980s (2.60% vs. 4.15%), fell below Maine's average in the 1990s (2.14% vs. 2.18%), exceeded Maine's average during the 2000s (2.14% vs. 2.04%), trailed Maine's average in the 2010s (0.95% vs. 1.69%), and amounted to less than Maine's average over the 3 year period of the current decade, 2020-2022 (3.41% vs. 3.44%).
Finally, relative to nationwide real total personal income growth trends, Oxford County topped the nation over the 1970s (3.65% vs. 3.50%), recorded underneath the nation over the 1980s (2.60% vs. 3.16%), fell under the nation in the 1990s (2.14% vs. 3.27%), recorded above the nation over the 2000s (2.14% vs. 2.06%), trailed the nation in the 2010s (0.95% vs. 2.72%), and registered above the nation over 2020-2022 (3.41% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
2.36
3.65
2.60
2.14
2.14
0.95
3.41
-3.47
 
2.78
3.65
4.15
2.18
2.04
1.69
3.44
-2.44
 
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.

   
 
Oxford County:
Total Personal Income, 1969-2022
 
1969
 
132,933
0.189
703,982
100.0
N
4.11
1970
 
142,781
0.198
722,357
102.6
2.61
4.01
1971
 
150,498
0.206
730,396
103.8
1.11
3.94
1972
 
163,335
0.213
766,543
108.9
4.95
3.90
1973
 
184,097
0.225
819,849
116.5
6.95
3.91
1974
 
208,255
0.248
839,975
119.3
2.45
3.98
1975
 
225,768
0.269
840,536
119.4
0.07
3.99
1976
 
259,753
0.283
916,786
130.2
9.07
4.03
1977
 
278,224
0.302
922,004
131.0
0.57
3.97
1978
 
310,282
0.323
961,340
136.6
4.27
4.01
1979
 
352,693
0.351
1,003,594
142.6
4.40
4.11
1980
 
402,624
0.389
1,034,279
146.9
3.06
4.17
1981
 
434,225
0.424
1,023,753
145.4
-1.02
4.08
1982
 
457,472
0.448
1,021,804
145.1
-0.19
3.96
1983
 
488,903
0.467
1,047,440
148.8
2.51
3.92
1984
 
531,402
0.484
1,097,054
155.8
4.74
3.86
1985
 
551,804
0.501
1,100,790
156.4
0.34
3.71
1986
 
589,687
0.512
1,151,305
163.5
4.59
3.66
1987
 
639,829
0.528
1,211,751
172.1
5.25
3.67
1988
 
699,970
0.549
1,275,804
181.2
5.29
3.63
1989
 
741,259
0.573
1,294,527
183.9
1.47
3.53
1990
 
772,264
0.598
1,291,951
183.5
-0.20
3.53
1991
 
788,051
0.618
1,275,700
181.2
-1.26
3.54
1992
 
827,571
0.634
1,304,905
185.4
2.29
3.55
1993
 
861,426
0.650
1,325,271
188.3
1.56
3.58
1994
 
896,919
0.664
1,351,677
192.0
1.99
3.58
1995
 
937,491
0.678
1,383,669
196.5
2.37
3.59
1996
 
998,144
0.692
1,442,342
204.9
4.24
3.62
1997
 
1,053,924
0.704
1,496,902
212.6
3.78
3.61
1998
 
1,110,652
0.710
1,565,026
222.3
4.55
3.55
1999
 
1,150,585
0.720
1,598,013
227.0
2.11
3.52
2000
 
1,230,006
0.738
1,666,178
236.7
4.27
3.51
2001
 
1,293,555
0.753
1,717,823
244.0
3.10
3.49
2002
 
1,349,362
0.763
1,768,704
251.2
2.96
3.52
2003
 
1,428,751
0.779
1,834,225
260.5
3.70
3.56
2004
 
1,466,399
0.798
1,836,971
260.9
0.15
3.48
2005
 
1,512,718
0.821
1,841,925
261.6
0.27
3.51
2006
 
1,573,702
0.844
1,863,693
264.7
1.18
3.48
2007
 
1,666,585
0.866
1,924,308
273.3
3.25
3.55
2008
 
1,764,312
0.892
1,978,594
281.1
2.82
3.59
2009
 
1,753,608
0.889
1,972,097
280.1
-0.33
3.55
2010
 
1,792,878
0.905
1,980,774
281.4
0.44
3.55
2011
 
1,879,610
0.928
2,025,355
287.7
2.25
3.58
2012
 
1,841,414
0.945
1,947,885
276.7
-3.82
3.46
2013
 
1,819,238
0.958
1,899,373
269.8
-2.49
3.42
2014
 
1,859,321
0.971
1,914,438
271.9
0.79
3.38
2015
 
1,933,609
0.973
1,987,286
282.3
3.81
3.37
2016
 
1,991,028
0.983
2,025,791
287.8
1.94
3.36
2017
 
2,058,965
1.000
2,058,965
292.5
1.64
3.33
2018
 
2,165,961
1.020
2,122,513
301.5
3.09
3.36
2019
 
2,238,258
1.035
2,162,297
307.2
1.87
3.30
2020
 
2,477,340
1.046
2,367,602
336.3
9.49
3.35
2021
 
2,689,262
1.090
2,467,190
350.5
4.21
3.33
2022
 
2,763,527
1.160
2,381,468
338.3
-3.47
3.29
Source: Calculations by the Maine Regional Economic Analysis Project (ME-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.

   
 
Maine:
Total Personal Income, 1969-2022
 
1969
 
3,235,956
0.189
17,136,874
100.0
N
0.41
1970
 
3,557,067
0.198
17,995,887
105.0
5.01
0.42
1971
 
3,822,683
0.206
18,552,211
108.3
3.09
0.41
1972
 
4,187,722
0.213
19,653,285
114.7
5.94
0.41
1973
 
4,706,690
0.225
20,960,543
122.3
6.65
0.42
1974
 
5,229,257
0.248
21,091,667
123.1
0.63
0.42
1975
 
5,652,308
0.269
21,043,589
122.8
-0.23
0.41
1976
 
6,446,973
0.283
22,754,290
132.8
8.13
0.43
1977
 
7,007,608
0.302
23,222,455
135.5
2.06
0.42
1978
 
7,740,514
0.323
23,982,259
139.9
3.27
0.42
1979
 
8,589,125
0.351
24,440,500
142.6
1.91
0.41
1980
 
9,655,334
0.389
24,803,057
144.7
1.48
0.42
1981
 
10,638,496
0.424
25,081,919
146.4
1.12
0.41
1982
 
11,562,933
0.448
25,826,837
150.7
2.97
0.42
1983
 
12,470,517
0.467
26,717,193
155.9
3.45
0.42
1984
 
13,760,851
0.484
28,408,619
165.8
6.33
0.42
1985
 
14,877,337
0.501
29,678,697
173.2
4.47
0.42
1986
 
16,108,071
0.512
31,449,405
183.5
5.97
0.43
1987
 
17,414,634
0.528
32,981,012
192.5
4.87
0.44
1988
 
19,256,847
0.549
35,098,600
204.8
6.42
0.45
1989
 
20,984,163
0.573
36,646,519
213.8
4.41
0.46
1990
 
21,860,806
0.598
36,571,821
213.4
-0.20
0.45
1991
 
22,261,821
0.618
36,037,525
210.3
-1.46
0.44
1992
 
23,295,062
0.634
36,731,413
214.3
1.93
0.43
1993
 
24,056,352
0.650
37,009,772
216.0
0.76
0.43
1994
 
25,036,601
0.664
37,730,727
220.2
1.95
0.42
1995
 
26,123,764
0.678
38,556,785
225.0
2.19
0.42
1996
 
27,577,620
0.692
39,850,324
232.5
3.35
0.41
1997
 
29,185,420
0.704
41,452,441
241.9
4.02
0.41
1998
 
31,264,394
0.710
44,054,834
257.1
6.28
0.41
1999
 
32,675,391
0.720
45,381,857
264.8
3.01
0.41
2000
 
35,091,410
0.738
47,535,166
277.4
4.74
0.41
2001
 
37,054,994
0.753
49,208,512
287.1
3.52
0.41
2002
 
38,290,695
0.763
50,190,317
292.9
2.00
0.42
2003
 
40,162,852
0.779
51,560,906
300.9
2.73
0.42
2004
 
42,164,527
0.798
52,819,882
308.2
2.44
0.42
2005
 
43,103,488
0.821
52,483,943
306.3
-0.64
0.41
2006
 
45,226,022
0.844
53,559,950
312.5
2.05
0.40
2007
 
46,979,294
0.866
54,244,223
316.5
1.28
0.39
2008
 
49,175,838
0.892
55,148,411
321.8
1.67
0.40
2009
 
49,337,036
0.889
55,484,122
323.8
0.61
0.41
2010
 
50,486,968
0.905
55,778,076
325.5
0.53
0.40
2011
 
52,539,787
0.928
56,613,710
330.4
1.50
0.40
2012
 
53,227,299
0.945
56,304,926
328.6
-0.55
0.38
2013
 
53,240,177
0.958
55,585,322
324.4
-1.28
0.38
2014
 
54,984,552
0.971
56,614,483
330.4
1.85
0.37
2015
 
57,356,461
0.973
58,948,664
344.0
4.12
0.37
2016
 
59,286,784
0.983
60,321,908
352.0
2.33
0.37
2017
 
61,740,123
1.000
61,740,123
360.3
2.35
0.37
2018
 
64,463,181
1.020
63,170,089
368.6
2.32
0.37
2019
 
67,842,214
1.035
65,539,801
382.4
3.75
0.37
2020
 
74,042,383
1.046
70,762,539
412.9
7.97
0.38
2021
 
80,825,703
1.090
74,151,341
432.7
4.79
0.38
2022
 
83,950,595
1.160
72,344,385
422.2
-2.44
0.38
Source: Calculations by the Maine Regional Economic Analysis Project (ME-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 Maine Regional Economic Analysis Project (ME-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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