| Trumbull County vs. Ohio Comparative Trends Report: Total Personal Income, 1969-2022 Briefing Report Outline: 1. | Introduction | 2. | Line Graph - Trumbull County Total Personal Income, 1970-2022, Current vs. Constant Dollars | 3. | Line Graph - Trumbull County and Ohio Real Total Personal Income, 1969-2022 | 4. | Line Graph - Real Total Personal Income Indices: Trumbull County, Ohio and United States, 1969-2022 | 5. | Line Graph - Total Personal Income as a Percent of the Ohio Total: Trumbull County, 1969-2022 | 6. | Line Graph - Trumbull County Real Total Personal Income: Annual Percent Change, 1970-2022 | 7. | Line Graph - Trumbull County Real Total Personal Income: Annual Percent Change and Decade Averages Over 1970-2022 | 8. | Bar Chart - Real Total Personal Income Growth: Average Annual Percent Change By Decade | 9. | Table - Trumbull County: Total Personal Income, 1969-2022 | 10. | Table - Ohio: Total Personal Income, 1969-2022 | 11. | Table - United States: Total Personal Income, 1969-2022 |
Introduction Trumbull County: 2022 TPI = $9,142,177K 2022 Percent of State = 1.35% Ohio: 2022 TPI = $679,232,967K 2022 Percent of U.S. = 3.11% 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 Trumbull County and Ohio 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. Figure 1. Figure 1 depicts Trumbull 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 Trumbull County over time. When measured in current dollars, Trumbull County's total personal income increased 864.64%, from $948M in 1970 to $9,142M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 64.31%, from $4,795M in 1970 to $7,878M in 2022. Figure 2. Figure 2 tracks Trumbull County's and Ohio'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, Trumbull County's real total personal income rose from $4,844M in 1969 to $7,878M in 2022, for a net gain of $3,034M, or 62.65%. In comparison, Ohio's real total personal income increased from $221,369M in 1969 to $585,329M in 2022, for a net gain of $363,960M, or 164.41%. Figure 3. Figure 3 portrays Trumbull County's real total personal income growth in a broader context by offering direct comparisons across time with Ohio, 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. Trumbull County's overall real total personal income growth was 62.65% over 1969-2022 trailed Ohio's increase of 164.41%, and fell below the United States' increase of 348.76%. Figure 4. Another interesting and insightful way of comparing the total personal income growth of Trumbull County is to trace its individual percentage contributions to Ohio'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 Ohio's total personal income, while a declining share shows it grew more slowly. In 1969, Trumbull County's total personal income comprised 2.19% of Ohio's total personal income, while in 2022 it equated to 1.35% thereby yielding a -0.84% share-shift. | | | | Total Personal Income Share-Shift 2022 vs. 1969 | Share- Shift* | | 2022 | vs. | 1969 | | -0.84% | = | 1.35% | - | 2.19% |
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Figure 5. Figure 5 shows the short-run pattern of Trumbull 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, Trumbull County's real total personal income grew at an annual rate of 0.97% over 1970-2022. The county recorded its highest growth in 1973 (8.60%) and recorded its lowest growth in 2022 (-6.88%). In 2022, Trumbull County's real total personal income declined by -6.88% 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 traces the annual percent change in Trumbull 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, Trumbull County's annual real total personal income growth rate averaged 2.81%. It averaged 1.01% in the 1980s, 0.94% during the 1990s, -0.61% during the 2000s, 0.84% during the 2010s, 0.57% thus far this decade (2020-2022). Figure 7. Figure 7 compares the decade average growth rates for Trumbull County noted in the previous graph with the corresponding decade averages for Ohio and the nation. As the chart reveals, Trumbull County's average annual real total personal income growth topped Ohio's average throughout the 1970s (2.81% vs. 2.37%), recorded under Ohio's average throughout the 1980s (1.01% vs. 1.84%), posted below Ohio's average throughout the 1990s (0.94% vs. 2.48%), lagged Ohio's average in the 2000s (-0.61% vs. 0.79%), trailed Ohio's average in the 2010s (0.84% vs. 2.01%), and amounted to less than Ohio's average over the 3 year period of the current decade, 2020-2022 (0.57% vs. 1.43%). Finally, relative to nationwide real total personal income growth trends, Trumbull County fell below the nation throughout the 1970s (2.81% vs. 3.50%), recorded underneath the nation in the 1980s (1.01% vs. 3.16%), posted below the nation during the 1990s (0.94% vs. 3.27%), posted below the nation over the 2000s (-0.61% vs. 2.06%), fell below the nation during the 2010s (0.84% vs. 2.72%), and fell below the nation over 2020-2022 (0.57% vs. 2.10%). | | | | Real* Total Personal Income Growth: Average Annual Percent Change | | | | | | | | | | | | | | | | | | | | | 0.97 | 2.81 | 1.01 | 0.94 | -0.61 | 0.84 | 0.57 | -6.88 | | | 1.87 | 2.37 | 1.84 | 2.48 | 0.79 | 2.01 | 1.43 | -4.90 | | | 2.89 | 3.50 | 3.16 | 3.27 | 2.06 | 2.72 | 2.10 | -4.19 |
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Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Trumbull County: Total Personal Income, 1969-2022 | | | | | | | | | 1969 | | 914,655 | 0.189 | 4,843,801 | 100.0 | N | 2.19 | 1970 | | 947,726 | 0.198 | 4,794,728 | 99.0 | -1.01 | 2.15 | 1971 | | 1,050,891 | 0.206 | 5,100,175 | 105.3 | 6.37 | 2.24 | 1972 | | 1,176,892 | 0.213 | 5,523,240 | 114.0 | 8.30 | 2.31 | 1973 | | 1,346,898 | 0.225 | 5,998,210 | 123.8 | 8.60 | 2.38 | 1974 | | 1,441,595 | 0.248 | 5,814,524 | 120.0 | -3.06 | 2.33 | 1975 | | 1,513,462 | 0.269 | 5,634,631 | 116.3 | -3.09 | 2.29 | 1976 | | 1,681,873 | 0.283 | 5,936,092 | 122.6 | 5.35 | 2.32 | 1977 | | 1,837,474 | 0.302 | 6,089,190 | 125.7 | 2.58 | 2.29 | 1978 | | 2,031,947 | 0.323 | 6,295,535 | 130.0 | 3.39 | 2.29 | 1979 | | 2,226,531 | 0.351 | 6,335,632 | 130.8 | 0.64 | 2.27 | 1980 | | 2,418,947 | 0.389 | 6,213,900 | 128.3 | -1.92 | 2.26 | 1981 | | 2,647,015 | 0.424 | 6,240,752 | 128.8 | 0.43 | 2.27 | 1982 | | 2,619,727 | 0.448 | 5,851,393 | 120.8 | -6.24 | 2.15 | 1983 | | 2,791,114 | 0.467 | 5,979,763 | 123.5 | 2.19 | 2.16 | 1984 | | 3,101,789 | 0.484 | 6,403,495 | 132.2 | 7.09 | 2.18 | 1985 | | 3,265,787 | 0.501 | 6,514,896 | 134.5 | 1.74 | 2.16 | 1986 | | 3,380,684 | 0.512 | 6,600,449 | 136.3 | 1.31 | 2.13 | 1987 | | 3,412,205 | 0.528 | 6,462,265 | 133.4 | -2.09 | 2.06 | 1988 | | 3,693,520 | 0.549 | 6,732,015 | 139.0 | 4.17 | 2.07 | 1989 | | 3,985,634 | 0.573 | 6,960,469 | 143.7 | 3.39 | 2.08 | 1990 | | 4,050,536 | 0.598 | 6,776,304 | 139.9 | -2.65 | 2.00 | 1991 | | 4,115,555 | 0.618 | 6,662,277 | 137.5 | -1.68 | 1.98 | 1992 | | 4,283,396 | 0.634 | 6,754,015 | 139.4 | 1.38 | 1.94 | 1993 | | 4,414,637 | 0.650 | 6,791,749 | 140.2 | 0.56 | 1.92 | 1994 | | 4,685,630 | 0.664 | 7,061,351 | 145.8 | 3.97 | 1.93 | 1995 | | 4,843,803 | 0.678 | 7,149,103 | 147.6 | 1.24 | 1.90 | 1996 | | 5,062,341 | 0.692 | 7,315,205 | 151.0 | 2.32 | 1.90 | 1997 | | 5,241,264 | 0.704 | 7,444,237 | 153.7 | 1.76 | 1.86 | 1998 | | 5,372,506 | 0.710 | 7,570,429 | 156.3 | 1.70 | 1.80 | 1999 | | 5,493,770 | 0.720 | 7,630,130 | 157.5 | 0.79 | 1.79 | 2000 | | 5,597,811 | 0.738 | 7,582,849 | 156.5 | -0.62 | 1.73 | 2001 | | 5,704,684 | 0.753 | 7,575,740 | 156.4 | -0.09 | 1.71 | 2002 | | 5,785,101 | 0.763 | 7,582,940 | 156.5 | 0.10 | 1.71 | 2003 | | 5,941,744 | 0.779 | 7,627,987 | 157.5 | 0.59 | 1.71 | 2004 | | 6,077,186 | 0.798 | 7,612,945 | 157.2 | -0.20 | 1.68 | 2005 | | 6,158,702 | 0.821 | 7,498,998 | 154.8 | -1.50 | 1.66 | 2006 | | 6,477,573 | 0.844 | 7,671,214 | 158.4 | 2.30 | 1.66 | 2007 | | 6,601,343 | 0.866 | 7,622,182 | 157.4 | -0.64 | 1.62 | 2008 | | 6,693,454 | 0.892 | 7,506,397 | 155.0 | -1.52 | 1.59 | 2009 | | 6,375,289 | 0.889 | 7,169,610 | 148.0 | -4.49 | 1.55 | 2010 | | 6,554,385 | 0.905 | 7,241,294 | 149.5 | 1.00 | 1.55 | 2011 | | 6,998,577 | 0.928 | 7,541,245 | 155.7 | 4.14 | 1.56 | 2012 | | 7,139,678 | 0.945 | 7,552,498 | 155.9 | 0.15 | 1.53 | 2013 | | 7,130,647 | 0.958 | 7,444,741 | 153.7 | -1.43 | 1.51 | 2014 | | 7,326,886 | 0.971 | 7,544,080 | 155.7 | 1.33 | 1.49 | 2015 | | 7,553,963 | 0.973 | 7,763,659 | 160.3 | 2.91 | 1.48 | 2016 | | 7,643,041 | 0.983 | 7,776,485 | 160.5 | 0.17 | 1.47 | 2017 | | 7,829,334 | 1.000 | 7,829,334 | 161.6 | 0.68 | 1.45 | 2018 | | 8,033,376 | 1.020 | 7,872,231 | 162.5 | 0.55 | 1.43 | 2019 | | 8,055,609 | 1.035 | 7,782,220 | 160.7 | -1.14 | 1.38 | 2020 | | 8,704,390 | 1.046 | 8,318,813 | 171.7 | 6.90 | 1.40 | 2021 | | 9,222,182 | 1.090 | 8,460,640 | 174.7 | 1.70 | 1.37 | 2022 | | 9,142,177 | 1.160 | 7,878,267 | 162.6 | -6.88 | 1.35 |
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_300_PSN | | | | |
Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Ohio: Total Personal Income, 1969-2022 | | | | | | | | | 1969 | | 41,801,043 | 0.189 | 221,368,654 | 100.0 | N | 5.28 | 1970 | | 44,141,934 | 0.198 | 223,322,544 | 100.9 | 0.88 | 5.16 | 1971 | | 46,980,368 | 0.206 | 228,004,698 | 103.0 | 2.10 | 5.08 | 1972 | | 50,967,906 | 0.213 | 239,196,105 | 108.1 | 4.91 | 5.01 | 1973 | | 56,552,390 | 0.225 | 251,847,651 | 113.8 | 5.29 | 4.99 | 1974 | | 61,925,206 | 0.248 | 249,768,911 | 112.8 | -0.83 | 4.97 | 1975 | | 66,162,182 | 0.269 | 246,322,346 | 111.3 | -1.38 | 4.86 | 1976 | | 72,597,505 | 0.283 | 256,229,503 | 115.7 | 4.02 | 4.85 | 1977 | | 80,397,208 | 0.302 | 266,427,651 | 120.4 | 3.98 | 4.87 | 1978 | | 88,854,711 | 0.323 | 275,296,539 | 124.4 | 3.33 | 4.79 | 1979 | | 98,139,943 | 0.351 | 279,258,865 | 126.2 | 1.44 | 4.73 | 1980 | | 107,224,402 | 0.389 | 275,442,874 | 124.4 | -1.37 | 4.63 | 1981 | | 116,584,437 | 0.424 | 274,866,054 | 124.2 | -0.21 | 4.50 | 1982 | | 122,010,409 | 0.448 | 272,521,072 | 123.1 | -0.85 | 4.39 | 1983 | | 129,165,178 | 0.467 | 276,727,179 | 125.0 | 1.54 | 4.35 | 1984 | | 142,495,944 | 0.484 | 294,176,065 | 132.9 | 6.31 | 4.35 | 1985 | | 151,344,813 | 0.501 | 301,916,719 | 136.4 | 2.63 | 4.31 | 1986 | | 158,418,410 | 0.512 | 309,296,179 | 139.7 | 2.44 | 4.26 | 1987 | | 165,483,900 | 0.528 | 313,404,606 | 141.6 | 1.33 | 4.21 | 1988 | | 178,136,781 | 0.549 | 324,682,003 | 146.7 | 3.60 | 4.18 | 1989 | | 191,537,126 | 0.573 | 334,498,395 | 151.1 | 3.02 | 4.16 | 1990 | | 202,968,115 | 0.598 | 339,553,517 | 153.4 | 1.51 | 4.14 | 1991 | | 207,868,447 | 0.618 | 336,498,279 | 152.0 | -0.90 | 4.10 | 1992 | | 221,074,852 | 0.634 | 348,588,540 | 157.5 | 3.59 | 4.09 | 1993 | | 230,183,648 | 0.650 | 354,128,689 | 160.0 | 1.59 | 4.08 | 1994 | | 243,075,206 | 0.664 | 366,319,860 | 165.5 | 3.44 | 4.10 | 1995 | | 254,778,303 | 0.678 | 376,034,335 | 169.9 | 2.65 | 4.06 | 1996 | | 266,670,184 | 0.692 | 385,344,832 | 174.1 | 2.48 | 4.00 | 1997 | | 282,198,968 | 0.704 | 400,810,953 | 181.1 | 4.01 | 3.99 | 1998 | | 298,491,358 | 0.710 | 420,605,856 | 190.0 | 4.94 | 3.94 | 1999 | | 307,407,038 | 0.720 | 426,948,290 | 192.9 | 1.51 | 3.85 | 2000 | | 323,812,505 | 0.738 | 438,639,572 | 198.1 | 2.74 | 3.76 | 2001 | | 333,209,250 | 0.753 | 442,497,211 | 199.9 | 0.88 | 3.71 | 2002 | | 338,462,533 | 0.763 | 443,646,738 | 200.4 | 0.26 | 3.70 | 2003 | | 348,428,738 | 0.779 | 447,311,395 | 202.1 | 0.83 | 3.68 | 2004 | | 361,752,998 | 0.798 | 453,171,230 | 204.7 | 1.31 | 3.61 | 2005 | | 371,633,835 | 0.821 | 452,511,153 | 204.4 | -0.15 | 3.53 | 2006 | | 390,090,034 | 0.844 | 461,973,039 | 208.7 | 2.09 | 3.45 | 2007 | | 406,786,493 | 0.866 | 469,692,396 | 212.2 | 1.67 | 3.41 | 2008 | | 422,085,747 | 0.892 | 473,349,498 | 213.8 | 0.78 | 3.40 | 2009 | | 410,350,426 | 0.889 | 461,477,521 | 208.5 | -2.51 | 3.40 | 2010 | | 422,204,427 | 0.905 | 466,452,070 | 210.7 | 1.08 | 3.36 | 2011 | | 449,923,823 | 0.928 | 484,810,809 | 219.0 | 3.94 | 3.38 | 2012 | | 466,162,071 | 0.945 | 493,115,780 | 222.8 | 1.71 | 3.35 | 2013 | | 473,218,777 | 0.958 | 494,063,308 | 223.2 | 0.19 | 3.36 | 2014 | | 492,475,624 | 0.971 | 507,074,293 | 229.1 | 2.63 | 3.33 | 2015 | | 511,339,811 | 0.973 | 525,534,498 | 237.4 | 3.64 | 3.31 | 2016 | | 521,622,549 | 0.983 | 530,729,874 | 239.7 | 0.99 | 3.28 | 2017 | | 541,289,443 | 1.000 | 541,289,443 | 244.5 | 1.99 | 3.25 | 2018 | | 562,522,960 | 1.020 | 551,239,096 | 249.0 | 1.84 | 3.21 | 2019 | | 582,400,407 | 1.035 | 562,635,038 | 254.2 | 2.07 | 3.17 | 2020 | | 623,835,973 | 1.046 | 596,202,010 | 269.3 | 5.97 | 3.18 | 2021 | | 670,872,723 | 1.090 | 615,473,916 | 278.0 | 3.23 | 3.14 | 2022 | | 679,232,967 | 1.160 | 585,328,686 | 264.4 | -4.90 | 3.11 |
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_300_PSN | | | | |
Tip: 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 Ohio Regional Economic Analysis Project (OH-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_300_PN | | | | |
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