Wrangell City and Borough vs. Alaska
Comparative Trends Analysis:
Total Personal Income Growth and Change, 1969-2022
Introduction
Wrangell City and Borough vs. Alaska
Wrangell City and Borough:
2022 TPI = $126,186K
2022 Percent of State = 0.25%
Alaska:
2022 TPI = $50,349,667K
2022 Percent of U.S. = 0.23%
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 the Wrangell City and Borough and Alaska 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.
Wrangell City and Borough Total Personal Income, 2010-2022
Current vs. Constant Dollars (Millions)
Wrangell City and Borough Total Personal Income, 2010-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Wrangell City and Borough's annual total personal income over 2010-2022 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 the Wrangell City and Borough over time.
When measured in current dollars, the Wrangell City and Borough's total personal income increased 36.93%, from $92M in 2010 to $126M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 6.80%, from $102M in 2010 to $109M in 2022.
Real Total Personal Income, 2009-2022 (Millions)
Real Total Personal Income, 2009-2022 (Millions)
Figure 2.
Figure 2 tracks the Wrangell City and Borough's and Alaska's annual real total personal income for the period 2009-2022 to illustrate real total personal income patterns over time. During this 14-year period, the Wrangell City and Borough's real total personal income rose from $88M in 2009 to $109M in 2022, for a net gain of $21M, or 23.43%. In comparison, Alaska's real total personal income increased from $37,106M in 2009 to $43,389M in 2022, for a net gain of $6,282M, or 16.93%.
Real Total Personal Income Indices (2009=100): 2009-2022
Real Total Personal Income Indices (2009=100): 2009-2022
Figure 3.
Figure 3 portrays the Wrangell City and Borough's real total personal income growth in a broader context by offering direct comparisons across time with Alaska, the United States. The growth indices shown here express each region's real total personal income in 2009 as a base figure of 100, and the real total personal incomes in later years as a percentage of the 2009 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.
The Wrangell City and Borough's overall real total personal income growth was 23.43% over 2009-2022 outpaced Alaska's increase of 16.93%, and fell below the United States' increase of 38.66%.
Total Personal Income as a Percent of the Alaska Total: 2009-2022
Total Personal Income as a Percent of the Alaska Total: 2009-2022
Figure 4.
Another interesting and insightful way of highlighting the total personal income growth of the Wrangell City and Borough is to compare its individual percentage contributions to Alaska'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 Alaska's total personal income, while a declining share shows it grew more slowly.
In 2009, the Wrangell City and Borough's total personal income totaled 0.24% of Alaska's total personal income, while in 2022 it totaled 0.25% thereby yielding a +0.01% share-shift.
   
 
Total Personal Income Share-Shift
2022 vs. 2009
 
Share-
Shift*
 
2022
vs.
2009
+0.01%
=
0.25%
-
0.24%
 
   
Wrangell City and Borough Real Total Personal Income:
Annual Percent Change, 2010-2022
Wrangell City and Borough Real Total Personal Income:
Annual Percent Change, 2010-2022
Figure 5.
Figure 5 highlights the short-run pattern of the Wrangell City and Borough's real total personal income growth by tracking the year-to-year percent change over 2010-2022. The average annual percent change for the entire 13-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, the Wrangell City and Borough's real total personal income grew at an annual rate of 1.76% over 2010-2022. The city/burough rollup posted its highest growth in 2010 (15.56%) and recorded its lowest growth in 2016 (-4.73%). In 2022, the Wrangell City and Borough's real total personal income declined by -4.56%
Wrangell City and Borough Real Total Personal Income:
Annual Percent Change and Decade Averages Over 2010-2022
Wrangell City and Borough Real Total Personal Income:
Annual Percent Change and Decade Averages Over 2010-2022
Figure 6.
Over the past five decades some city/burough rollups 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 the Wrangell City and Borough's real total personal income since 2010, but this time they are overlayed with average growth rates for the decade of the 2010s, and 2020-2022.
During the 2010s, the Wrangell City and Borough's annual real total personal income growth rate averaged 2.76%. It averaged -1.58% 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 the Wrangell City and Borough noted in the previous graph with the corresponding decade averages for Alaska and the nation. As the chart reveals, the Wrangell City and Borough's average annual real total personal income growth outgained Alaska's average during the 2010s (2.76% vs. 1.52%), and fell below Alaska's average over the 3 year period of the current decade, 2020-2022 (-1.58% vs. 0.32%).
Finally, relative to nationwide real total personal income growth trends, the Wrangell City and Borough recorded above the nation throughout the 2010s (2.76% vs. 2.72%), and recorded underneath the nation over 2020-2022 (-1.58% vs. 2.10%).
   
 
Real* Total Personal Income Growth:
Average Annual Percent Change
 
 
 
1.76
2.76
-1.58
-4.56
 
1.24
1.52
0.32
-1.90
 
2.58
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.

   
 
Wrangell City and Borough:
Total Personal Income, 1969-2022
 
1969
 
N
0.189
N
N
N
N
1970
 
N
0.198
N
N
N
N
1971
 
N
0.206
N
N
N
N
1972
 
N
0.213
N
N
N
N
1973
 
N
0.225
N
N
N
N
1974
 
N
0.248
N
N
N
N
1975
 
N
0.269
N
N
N
N
1976
 
N
0.283
N
N
N
N
1977
 
N
0.302
N
N
N
N
1978
 
N
0.323
N
N
N
N
1979
 
N
0.351
N
N
N
N
1980
 
N
0.389
N
N
N
N
1981
 
N
0.424
N
N
N
N
1982
 
N
0.448
N
N
N
N
1983
 
N
0.467
N
N
N
N
1984
 
N
0.484
N
N
N
N
1985
 
N
0.501
N
N
N
N
1986
 
N
0.512
N
N
N
N
1987
 
N
0.528
N
N
N
N
1988
 
N
0.549
N
N
N
N
1989
 
N
0.573
N
N
N
N
1990
 
N
0.598
N
N
N
N
1991
 
N
0.618
N
N
N
N
1992
 
N
0.634
N
N
N
N
1993
 
N
0.650
N
N
N
N
1994
 
N
0.664
N
N
N
N
1995
 
N
0.678
N
N
N
N
1996
 
N
0.692
N
N
N
N
1997
 
N
0.704
N
N
N
N
1998
 
N
0.710
N
N
N
N
1999
 
N
0.720
N
N
N
N
2000
 
N
0.738
N
N
N
N
2001
 
N
0.753
N
N
N
N
2002
 
N
0.763
N
N
N
N
2003
 
N
0.779
N
N
N
N
2004
 
N
0.798
N
N
N
N
2005
 
N
0.821
N
N
N
N
2006
 
N
0.844
N
N
N
N
2007
 
N
0.866
N
N
N
N
2008
 
N
0.892
N
N
N
N
2009
 
78,340
0.889
88,101
N
N
0.24
2010
 
92,155
0.905
101,813
N
15.56
0.26
2011
 
98,137
0.928
105,747
N
3.86
0.26
2012
 
102,126
0.945
108,031
N
2.16
0.26
2013
 
103,043
0.958
107,582
N
-0.42
0.27
2014
 
111,536
0.971
114,842
N
6.75
0.27
2015
 
114,302
0.973
117,475
N
2.29
0.27
2016
 
110,003
0.983
111,924
N
-4.73
0.27
2017
 
111,550
1.000
111,550
N
-0.33
0.27
2018
 
120,146
1.020
117,736
N
5.55
0.28
2019
 
118,148
1.035
114,138
N
-3.06
0.27
2020
 
120,221
1.046
114,896
N
0.66
0.27
2021
 
124,196
1.090
113,940
N
-0.83
0.26
2022
 
126,186
1.160
108,741
N
-4.56
0.25
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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.

   
 
Alaska:
Total Personal Income, 1969-2022
 
1969
 
1,575,306
0.189
8,342,456
100.0
N
0.20
1970
 
1,798,953
0.198
9,101,250
109.1
9.10
0.21
1971
 
1,984,124
0.206
9,629,333
115.4
5.80
0.21
1972
 
2,166,758
0.213
10,168,754
121.9
5.60
0.21
1973
 
2,507,651
0.225
11,167,450
133.9
9.82
0.22
1974
 
3,042,645
0.248
12,272,194
147.1
9.89
0.24
1975
 
4,156,808
0.269
15,475,830
185.5
26.10
0.31
1976
 
4,893,293
0.283
17,270,649
207.0
11.60
0.33
1977
 
5,081,877
0.302
16,840,791
201.9
-2.49
0.31
1978
 
5,235,885
0.323
16,222,224
194.5
-3.67
0.28
1979
 
5,546,412
0.351
15,782,409
189.2
-2.71
0.27
1980
 
6,285,382
0.389
16,146,172
193.5
2.30
0.27
1981
 
7,150,519
0.424
16,858,468
202.1
4.41
0.28
1982
 
8,730,130
0.448
19,499,520
233.7
15.67
0.31
1983
 
9,513,851
0.467
20,382,747
244.3
4.53
0.32
1984
 
10,114,887
0.484
20,881,701
250.3
2.45
0.31
1985
 
10,962,051
0.501
21,868,120
262.1
4.72
0.31
1986
 
11,060,492
0.512
21,594,510
258.9
-1.25
0.30
1987
 
10,592,902
0.528
20,061,554
240.5
-7.10
0.27
1988
 
11,059,926
0.549
20,158,436
241.6
0.48
0.26
1989
 
12,101,339
0.573
21,133,649
253.3
4.84
0.26
1990
 
12,840,241
0.598
21,480,955
257.5
1.64
0.26
1991
 
13,409,556
0.618
21,707,443
260.2
1.05
0.26
1992
 
14,263,462
0.634
22,490,479
269.6
3.61
0.26
1993
 
14,997,575
0.650
23,073,192
276.6
2.59
0.27
1994
 
15,499,862
0.664
23,358,644
280.0
1.24
0.26
1995
 
15,937,679
0.678
23,522,861
282.0
0.70
0.25
1996
 
16,376,600
0.692
23,664,581
283.7
0.60
0.25
1997
 
17,297,519
0.704
24,567,897
294.5
3.82
0.24
1998
 
18,155,936
0.710
25,583,632
306.7
4.13
0.24
1999
 
18,706,617
0.720
25,981,052
311.4
1.55
0.23
2000
 
20,092,171
0.738
27,217,050
326.2
4.76
0.23
2001
 
21,287,123
0.753
28,269,001
338.9
3.87
0.24
2002
 
22,331,474
0.763
29,271,440
350.9
3.55
0.24
2003
 
23,372,138
0.779
30,005,056
359.7
2.51
0.25
2004
 
24,429,161
0.798
30,602,629
366.8
1.99
0.24
2005
 
26,019,615
0.821
31,682,169
379.8
3.53
0.25
2006
 
27,696,199
0.844
32,799,857
393.2
3.53
0.25
2007
 
29,761,264
0.866
34,363,578
411.9
4.77
0.25
2008
 
32,860,667
0.892
36,851,707
441.7
7.24
0.26
2009
 
32,995,420
0.889
37,106,443
444.8
0.69
0.27
2010
 
35,374,322
0.905
39,081,603
468.5
5.32
0.28
2011
 
37,870,572
0.928
40,807,047
489.1
4.41
0.28
2012
 
38,997,090
0.945
41,251,920
494.5
1.09
0.28
2013
 
38,565,077
0.958
40,263,807
482.6
-2.40
0.27
2014
 
40,642,115
0.971
41,846,887
501.6
3.93
0.28
2015
 
41,918,639
0.973
43,082,292
516.4
2.95
0.27
2016
 
41,285,498
0.983
42,006,327
503.5
-2.50
0.26
2017
 
41,919,375
1.000
41,919,375
502.5
-0.21
0.25
2018
 
43,522,749
1.020
42,649,709
511.2
1.74
0.25
2019
 
44,507,583
1.035
42,997,095
515.4
0.81
0.24
2020
 
45,366,320
1.046
43,356,735
519.7
0.84
0.23
2021
 
48,207,950
1.090
44,227,071
530.1
2.01
0.23
2022
 
50,349,667
1.160
43,388,802
520.1
-1.90
0.23
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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 Alaska Regional Economic Analysis Project (AK-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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