Abbeville County vs. South Carolina
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Abbeville County vs. South Carolina
Abbeville County:
2022 PCI = $39,840
2022 Percent of State = 74.30%
South Carolina:
2022 PCI = $53,618
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Abbeville County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Abbeville County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Abbeville County's annual per capita 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 Abbeville County over time.
When measured in current dollars, Abbeville County's per capita personal income increased 1,358.08%, from $2,732 in 1970 to $39,840 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 148.36%, from $13,824 in 1970 to $34,332 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Abbeville County's and South Carolina's annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Abbeville County's real per capita personal income rose from $14,033 in 1969 to $34,332 in 2022, for a net gain of $20,299, or 144.66%. In comparison, South Carolina's real per capita personal income increased from $15,670 in 1969 to $46,206 in 2022, for a net gain of $30,536, or 194.87%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Abbeville County's real per capita personal income growth in a broader context by offering direct comparisons across time with South Carolina, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Abbeville County's overall real per capita personal income growth was 144.66% over 1969-2022 trailed South Carolina's increase of 194.87%, and fell below the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 portrays the trends for per capita personal income relative to the national average by tracing Abbeville County and South Carolina per capita personal income as a percent of the national average over 1969-2022.
In 1969, Abbeville County's per capita personal income amounted to 67.41% of the national average; in 2022, it approximated 60.85%. Similarly, in 1969, South Carolina's per capita personal income totaled 75.28% of the national average; in 2022, it consisted of 81.90%.
Abbeville County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Abbeville County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Abbeville County's real per capita 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, Abbeville County's real per capita personal income grew at an annual rate of 1.77% over 1970-2022. The county recorded its highest growth in 1973 (8.76%) and recorded its lowest growth in 2002 (-8.35%). In 2022, Abbeville County's real per capita personal income declined by -6.95%
Abbeville County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Abbeville County Real Per Capita 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 Abbeville County's real per capita 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, Abbeville County's annual real per capita personal income growth rate averaged 2.05%. It averaged 2.29% throughout the 1980s, 3.70% throughout the 1990s, -0.45% throughout the 2000s, 1.52% in the 2010s, 0.88% thus far this decade (2020-2022).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Abbeville County noted in the previous graph with the corresponding decade averages for South Carolina and the nation. As the chart reveals, Abbeville County's average annual real per capita personal income growth trailed South Carolina's average during the 1970s (2.05% vs. 2.77%), recorded under South Carolina's average throughout the 1980s (2.29% vs. 2.60%), surpassed South Carolina's average throughout the 1990s (3.70% vs. 2.19%), recorded under South Carolina's average throughout the 2000s (-0.45% vs. 0.91%), trailed South Carolina's average during the 2010s (1.52% vs. 2.19%), and recorded under South Carolina's average over the 3 year period of the current decade, 2020-2022 (0.88% vs. 1.29%).
Finally, relative to nationwide real per capita personal income growth trends, Abbeville County posted below the nation throughout the 1970s (2.05% vs. 2.37%), recorded above the nation over the 1980s (2.29% vs. 2.19%), topped the nation in the 1990s (3.70% vs. 2.01%), fell under the nation in the 2000s (-0.45% vs. 1.10%), fell below the nation throughout the 2010s (1.52% vs. 1.97%), and recorded underneath the nation over 2020-2022 (0.88% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.77
2.05
2.29
3.70
-0.45
1.52
0.88
-6.95
 
2.08
2.77
2.60
2.19
0.91
2.19
1.29
-4.66
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Abbeville County:
Per Capita Personal Income, 1969-2022
 
1969
 
2,650
0.189
14,033
100.0
N
89.55
67.41
1970
 
2,732
0.198
13,824
98.5
-1.49
84.71
65.09
1971
 
2,936
0.206
14,251
101.6
3.09
85.14
65.68
1972
 
3,264
0.213
15,317
109.2
7.48
86.06
67.20
1973
 
3,741
0.225
16,659
118.7
8.76
88.80
69.75
1974
 
3,980
0.248
16,051
114.4
-3.65
85.49
68.20
1975
 
4,099
0.269
15,261
108.8
-4.92
82.59
64.82
1976
 
4,627
0.283
16,330
116.4
7.01
84.55
67.30
1977
 
4,949
0.302
16,402
116.9
0.44
84.09
65.85
1978
 
5,428
0.323
16,816
119.8
2.53
83.03
64.96
1979
 
5,984
0.351
17,026
121.3
1.25
82.89
64.81
1980
 
6,647
0.389
17,076
121.7
0.29
83.44
65.27
1981
 
7,399
0.424
17,445
124.3
2.17
83.71
65.53
1982
 
7,682
0.448
17,158
122.3
-1.65
82.47
64.07
1983
 
8,411
0.467
18,019
128.4
5.02
83.82
66.22
1984
 
9,111
0.484
18,809
134.0
4.38
82.46
65.60
1985
 
9,684
0.501
19,318
137.7
2.71
82.67
65.67
1986
 
10,228
0.512
19,968
142.3
3.37
82.67
66.06
1987
 
10,865
0.528
20,576
146.6
3.04
83.02
66.95
1988
 
11,463
0.549
20,893
148.9
1.54
81.14
65.72
1989
 
12,210
0.573
21,323
152.0
2.06
80.45
65.44
1990
 
12,770
0.598
21,363
152.2
0.19
79.28
65.09
1991
 
13,429
0.618
21,739
154.9
1.76
81.36
66.98
1992
 
14,625
0.634
23,060
164.3
6.08
84.51
69.39
1993
 
15,154
0.650
23,314
166.1
1.10
84.30
69.79
1994
 
16,123
0.664
24,298
173.2
4.22
85.55
71.49
1995
 
17,091
0.678
25,226
179.8
3.82
86.58
72.49
1996
 
18,055
0.692
26,091
185.9
3.43
87.15
73.02
1997
 
19,561
0.704
27,783
198.0
6.49
90.21
75.45
1998
 
20,690
0.710
29,154
207.8
4.94
90.35
75.26
1999
 
22,029
0.720
30,595
218.0
4.94
93.00
77.04
2000
 
23,401
0.738
31,700
225.9
3.61
93.51
76.60
2001
 
23,029
0.753
30,583
217.9
-3.52
89.80
73.00
2002
 
21,383
0.763
28,028
199.7
-8.35
81.86
67.24
2003
 
20,250
0.779
25,996
185.3
-7.25
75.58
62.00
2004
 
21,646
0.798
27,116
193.2
4.31
77.61
63.32
2005
 
22,305
0.821
27,159
193.5
0.16
76.55
62.53
2006
 
23,313
0.844
27,609
196.7
1.66
75.72
61.61
2007
 
24,231
0.866
27,978
199.4
1.34
75.27
61.21
2008
 
25,752
0.892
28,880
205.8
3.23
77.78
63.04
2009
 
25,764
0.889
28,974
206.5
0.33
80.58
65.55
2010
 
26,687
0.905
29,484
210.1
1.76
81.50
65.80
2011
 
27,762
0.928
29,915
213.2
1.46
80.71
65.09
2012
 
27,432
0.945
29,018
206.8
-3.00
76.64
62.01
2013
 
28,086
0.958
29,323
209.0
1.05
78.22
63.26
2014
 
29,421
0.971
30,294
215.9
3.31
77.97
63.56
2015
 
30,719
0.973
31,572
225.0
4.22
77.62
63.92
2016
 
31,430
0.983
31,979
227.9
1.29
77.16
64.18
2017
 
32,599
1.000
32,599
232.3
1.94
76.94
63.92
2018
 
33,353
1.020
32,684
232.9
0.26
76.14
62.56
2019
 
34,809
1.035
33,628
239.6
2.89
75.43
62.67
2020
 
38,062
1.046
36,376
259.2
8.17
78.04
64.35
2021
 
40,219
1.090
36,898
262.9
1.43
76.13
62.42
2022
 
39,840
1.160
34,332
244.7
-6.95
74.30
60.85
Source: Calculations by the South Carolina Regional Economic Analysis Project (SC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
South Carolina:
Per Capita Personal Income, 1969-2022
 
1969
 
2,959
0.189
15,670
100.0
N
75.28
1970
 
3,225
0.198
16,318
104.1
4.14
76.84
1971
 
3,449
0.206
16,739
106.8
2.58
77.15
1972
 
3,792
0.213
17,797
113.6
6.32
78.08
1973
 
4,213
0.225
18,761
119.7
5.41
78.55
1974
 
4,655
0.248
18,775
119.8
0.07
79.77
1975
 
4,963
0.269
18,478
117.9
-1.58
78.49
1976
 
5,472
0.283
19,314
123.3
4.52
79.60
1977
 
5,886
0.302
19,505
124.5
0.99
78.31
1978
 
6,537
0.323
20,253
129.3
3.84
78.23
1979
 
7,219
0.351
20,541
131.1
1.42
78.19
1980
 
7,967
0.389
20,465
130.6
-0.37
78.23
1981
 
8,839
0.424
20,840
133.0
1.83
78.28
1982
 
9,315
0.448
20,805
132.8
-0.16
77.69
1983
 
10,034
0.467
21,498
137.2
3.33
79.01
1984
 
11,048
0.484
22,809
145.6
6.10
79.55
1985
 
11,713
0.501
23,367
149.1
2.45
79.43
1986
 
12,371
0.512
24,154
154.1
3.37
79.91
1987
 
13,087
0.528
24,785
158.2
2.61
80.64
1988
 
14,128
0.549
25,750
164.3
3.90
81.00
1989
 
15,178
0.573
26,506
169.2
2.94
81.35
1990
 
16,106
0.598
26,945
172.0
1.65
82.10
1991
 
16,505
0.618
26,719
170.5
-0.84
82.32
1992
 
17,306
0.634
27,287
174.1
2.13
82.11
1993
 
17,976
0.650
27,656
176.5
1.35
82.79
1994
 
18,848
0.664
28,404
181.3
2.71
83.57
1995
 
19,740
0.678
29,135
185.9
2.57
83.73
1996
 
20,719
0.692
29,939
191.1
2.76
83.80
1997
 
21,685
0.704
30,799
196.6
2.87
83.64
1998
 
22,900
0.710
32,269
205.9
4.77
83.30
1999
 
23,687
0.720
32,898
209.9
1.95
82.84
2000
 
25,025
0.738
33,899
216.3
3.04
81.91
2001
 
25,644
0.753
34,055
217.3
0.46
81.29
2002
 
26,122
0.763
34,240
218.5
0.55
82.14
2003
 
26,792
0.779
34,396
219.5
0.45
82.04
2004
 
27,892
0.798
34,941
223.0
1.58
81.60
2005
 
29,136
0.821
35,477
226.4
1.54
81.69
2006
 
30,789
0.844
36,463
232.7
2.78
81.36
2007
 
32,190
0.866
37,168
237.2
1.93
81.31
2008
 
33,110
0.892
37,131
237.0
-0.10
81.04
2009
 
31,973
0.889
35,957
229.5
-3.16
81.34
2010
 
32,747
0.905
36,179
230.9
0.62
80.74
2011
 
34,398
0.928
37,065
236.5
2.45
80.65
2012
 
35,794
0.945
37,864
241.6
2.15
80.91
2013
 
35,906
0.958
37,487
239.2
-0.99
80.87
2014
 
37,735
0.971
38,854
248.0
3.65
81.52
2015
 
39,577
0.973
40,676
259.6
4.69
82.35
2016
 
40,732
0.983
41,444
264.5
1.89
83.18
2017
 
42,368
1.000
42,368
270.4
2.23
83.07
2018
 
43,804
1.020
42,925
273.9
1.32
82.17
2019
 
46,149
1.035
44,583
284.5
3.86
83.08
2020
 
48,772
1.046
46,611
297.5
4.55
82.45
2021
 
52,828
1.090
48,465
309.3
3.98
81.99
2022
 
53,618
1.160
46,206
294.9
-4.66
81.90
Source: Calculations by the South Carolina Regional Economic Analysis Project (SC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_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:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the South Carolina Regional Economic Analysis Project (SC-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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