Per Capita Dividends, Interest and Rent
Description:
Dividends, interest and rent (DIR) is one of three primary categories of personal income. Stocks are a primary source of dividends; savings accounts are one source of interest earned; and rent includes royalties from patents as well as net income from rental properties. Per capita DIR is calculated from dividends, interest and rent and population. Per capita DIR is a component of individual economic well-being that is of particular importance to the older population.
The latest current dollar per capita DIR figure by county is presented on Arizona Indicators, along with data for the same year for the United States, the U.S. metro average, the U.S. nonmetro average, and Arizona. The figure for Arizona also is expressed as a percentage of the national average. Counties within a metropolitan area are presented as a percentage of the U.S. metro average; the remaining counties are compared to the national nonmetro average. A history of Arizona’s current dollar figure as a percentage of the national average is presented back to 1969. In addition, the inflation-adjusted percent change in per capita DIR is displayed for each area, beginning with 1970. The data are inflation adjusted using the gross domestic product implicit price deflator (GDP deflator).
Data Source:
Annual data are from the U. S. Department of Commerce, Bureau of Economic Analysis. State and national data are reported nine months after the end of a year. The data can be accessed from http://www.bea.gov/regional/spi/; dividends, interest and rent and population are included in table SA04. County data are released 16 months after the end of a year, accessible at http://www.bea.gov/regional/reis/; dividends, interest and rent and population are included in table CA04.
The GDP deflator is available from the U.S. Department of Commerce, Bureau of Economic Analysis: http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=Y (Table 1.1.9).
Data Quality Comments:
Some of the inputs to the calculation of dividends, interest and rent by state and county are estimated. Population estimates for 2000 through 2010 have been revised for the nation and Arizona based on the 2010 census count, but the revisions for the counties have not yet been released.
Per Capita Dividends, Interest and Rent, 2009
Visualization Notes:
The most recent data for per capita dividends, interest and rent by county are for 2009, a recessionary year. These estimates remain subject to revision, particularly with the population estimates not yet revised based on the 2010 census results. The preliminary data indicate that per capita dividends, interest and rent in 2009 was greater than the U.S. metro average in two of the state’s seven metropolitan counties and greater than the U.S. nonmetro average in one of the eight nonmetro counties. The highest figures were in Gila, Pima, and Yavapai counties, each of which have a relatively large proportion of affluent retirees.
Per Capita Dividends, Interest and Rent as Percentages of the National Averages, 2009
Visualization Notes:
Among Arizona’s seven metropolitan counties, per capita dividends, interest and rent in 2009 ranged from 19 percent above the U.S. metro average in Yavapai County to 56 percent below average in Yuma County. Maricopa County’s figure was 17 percent below average. Among the eight nonmetro counties, the figure ranged from 13 percent above the U.S. nonmetro average in Gila County to 57 percent below average in Apache County. The state average was 15 percent less than the national average. These estimates remain subject to revision, particularly with the population estimates not yet revised based on the 2010 census results.
Per Capita Dividends, Interest and Rent in Arizona as a Percentage of the National Average
Visualization Notes:
Per capita dividends, interest and rent in Arizona exceeded the national average in each year from 1969 through 1990, by as much as 16 percent in the early 1970s. The percentage has fallen in most years since 1987, reaching 15.4 percent less than the national average in 2010.
Per Capita Dividends, Interest and Rent, Inflation-Adjusted Percent Change
Visualization Notes:
Nationally, the inflation-adjusted percent change in per capita dividends, interest and rent is highly cyclical, ranging from declines that are common during recessions to large increases in some years of strong economic growth. While the percent changes in Arizona also are cyclical, they have been more erratic than the U.S. average.
The largest decrease by far since at least 1970 occurred in 2009, both nationally and in Arizona. Arizona did worse than the national average in each year from 2006 through 2009, then matched the small national gain in 2010.
Data Source
Annual data are from the U. S. Department of Commerce, Bureau of Economic Analysis. State and national data are reported nine months after the end of a year. The data can be accessed from http://www.bea.gov/regional/spi/; dividends, interest and rent and population are included in table SA04. County data are released 16 months after the end of a year, accessible at http://www.bea.gov/regional/reis/; dividends, interest and rent and population are included in table CA04.
The GDP deflator is available from the U.S. Department of Commerce, Bureau of Economic Analysis: http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=Y (Table 1.1.9).
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