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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: 

U. S. Department of Commerce, Bureau of Economic Analysis. Preliminary annual data by state are released in March, with revised annual data reported in September. County data are released two months later, in November. All of the data can be accessed from http://www.bea.gov/regional/index.htm.

The GDP deflator is available from the U.S. Department of Commerce, Bureau of Economic Analysis: http://www.bea.gov/national/index.htm#gdp. Click on the “Interactive Tables” link; the GDP deflator is in Table 1.1.9 (Section 1: Domestic Product and Income).

Data Quality Comments: 

Some of the inputs to the calculation of dividends, interest and rent by state and county are estimated.

iconPer Capita Dividends, Interest and Rent, 2012

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Visualization Notes:

Per capita dividends, interest and rent in 2011 was below the U.S. metro average in seven of the state’s eight metropolitan counties. Among the seven nonmetro counties, six had a figure below the U.S. nonmetro average.

iconPer Capita Dividends, Interest and Rent as Percentages of the National Averages, 2012

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Visualization Notes:

Of the state’s eight metropolitan counties, per capita dividends, interest and rent in 2012 was greater than the U.S. metro average in Yavapai, relatively close to the average in Pima, and below average in the rest, including at least 40 percent below average in Mohave, Yuma, and Pinal. Among the seven nonmetro counties, the figure was greater than the U.S. nonmetro average in Gila and only slightly less in Santa Cruz, but was at least 35 percent below average in four counties.

iconPer Capita Dividends, Interest and Rent in Arizona as a Percentage of the National Average

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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. Relative to the nation, Arizona’s figure has generally declined since 1990, dropping to 19 percent below average in 2012 and 2013, the worst since 1947.

iconPer Capita Dividends, Interest and Rent, Inflation-Adjusted Percent Change

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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.

After posting gains in per capita dividends, interest and rent larger than the national average in each year from 2002 through 2005, Arizona did considerably worse than the U.S. average in each year from 2006 through 2011. In 2012 and 2013, Arizona’s increase still was less than the U.S. average.

Data Source

U. S. Department of Commerce, Bureau of Economic Analysis. Preliminary annual data by state are released in March, with revised annual data reported in September. County data are released two months later, in November. All of the data can be accessed from http://www.bea.gov/regional/index.htm.

The GDP deflator is available from the U.S. Department of Commerce, Bureau of Economic Analysis: http://www.bea.gov/national/index.htm#gdp. Click on the “Interactive Tables” link; the GDP deflator is in Table 1.1.9 (Section 1: Domestic Product and Income).