Monthly Archives: January 2019

Examining County Gross Domestic Product

.. what is the annual per capita real-valued output of counties of interest? How is this measure trending? Why is this important? This section reviews tools and data to examine county-level Gross Domestic Product (GDP) trends and patterns. The first ever county-level GDP estimates to be developed as a part of the official U.S. national scope GDP estimates were released in December 2018. The county GDP estimates join the county-level personal income by major source, both now part of the Regional Economic Information System (REIS). See more detail about topics reviewed in this post in the related County GDP web section.

Patterns of Real Per Capita GDP by County
The graphic below shows patterns of per capita real GDP, 2015, by county.

– View developed using CV XE GIS and related GIS project.
– create custom views; add your own data, using the GIS project.

Gross Domestic Product (GDP) by county is a measure of the value of production that occurs within the geographic boundaries of a county. It can be computed as the sum of the value added originating from each of the industries in a county.

Example … use this interactive table to see that 2015 Los Angeles County, CA total real GDP of $656 billion was just slightly larger that than of New York County, NY (Manhattan) at $630 billion. Yet, the total 2015 population of Los Angeles County of 10.1 million is 6 times larger than that of New York County of 1.6 million — see about steps. GDP provides very different size measures, and economic insights, compared to population.

In 2015, real (inflation adjusted) Gross Domestic Product (GDP) increased in 1,931 counties, decreased in 1,159, and was unchanged in 23. Real GDP ranged from $4.6 million in Loving County, TX to $656.0 billion in Los Angeles County, CA.

This post is focused on U.S. national scope county level estimates of Gross Domestic Product (GDP) annually 2012 through 2015. This marks the first time county level GDP estimates have been developed, a part of the Regional Economic Information System (REIS). Use the interactive table to rank, compare, query counties based on per capita GDP, current GDP, real GDP by type of industry. Use the related GIS project to develop thematic map views such as the one shown below. See more about these data.

Current Annual Estimates & Projections
ProximityOne uses these and related data to develop and analyze annual Situation & Outlook demographic-economic estimates and projections. GDP items included in the table below are included in the “annual 5-year” projections as shown in the schedule of release dates; next release April 18, 2019 and quarterly.

Examining County GDP Using GIS Tools
Use the County REIS GIS project. Make your own maps; select different item to map; modify colors, labels. Zoom in views of selected states shown below. Graphics open in a new page; expand browser window for best view. Patterns: see highlighted layer in legend to left of map; MSAs bold brown boundaries with white shortname label
counties labeled with name and 2015 per capita real GDP
.. Arizona .. Alabama .. California .. Colorado .. Iowa .. Georgia .. Kansas .. Missouri
.. New York .. Nevada .. North Carolina .. South Carolina .. Nevada .. Texas .. Utah .. Vermont

Using the County GDP Interactive Table
The graphic below illustrates use of the interactive table. Tools below the table have been used to view only per capita real GDP for all sectors (total sources) and for county with total population between 50,000 and 60,000. Counties were then ranked on 2015 per capita real GDP (rightmost column).

– click graphic for larger view.

Using County GDP: Data Analytics Web Sessions
Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

State of the States: 2018 Population & Components of Change

.. Welcome to 2019 .. how the U.S., states and world population are changing … the Census Bureau estimates the U.S. population is 328,231,337 as of January 1, 2019. This represents an increase of 2,013,241, or 0.62 percent, from New Year’s Day 2018 (326,218,096). The population as of Census Day (April 1) 2010, was 308,745,538 and has grown by 19,485,799, or 6.31 percent.

This section updates January 2020, with corresponding 2019 updates and additional details. Follow (click follow button at upper right) to receive updates on this and geographic, demographic and economic change with drill-down to the street intersection level.

In January 2019, the U.S. is expected to experience one birth every 8 seconds and one death every 11 seconds. Meanwhile, net international migration is expected to add one person to the U.S. population every 29 seconds. The combination of births, deaths and net international migration will increase the U.S. population by one person every 19 seconds … one net international migrant every 34 seconds.

The world population on January 1, 2019 is estimated to be 7,541,221,651. The world has experienced a population increase of 96,777,770, or 1.3 percent, from New Year’s Day 2018 (population 7,444,443,881). During January 2019, 4.8 births and 1.9 deaths are expected worldwide every second.

Patterns of Population Change by State, 2010-2018
The following graphic shows patterns of percent population change from 2010 to 2018. Use the associated GIS project to examine different years or subject matter items. Click graphic for larger view; expand browser window for best quality view.

.. view developed with ProximityOne CV XE GIS and related GIS project.

How the U.S. Population is Changing
The following graphic shows how the population of the U.S. has changed from 2010 to 2018 and how the population might change 2019 through 2020. Click graphic for larger view; opens in new page. The population is as of July 1 for each year. The components of change (birth, deaths and migration) are for the period July 1 through June 30 for that year.

Population for each year is computed by the population identity equation:
  P[t]=P[t-1] + B[t,t-1] -D[t,t-1] + M[t,t-1]
Viewing the larger image, see how each of the components of change are impacting the total population and population change.
… see more detail about these data for the U.S. and by state at http://proximityone.com/states2018.htm.

More About Population Trends, Patterns and Characteristics
See more about how population dynamics; use the interactive tables in these sections:
  • School Districts — http://proximityone.com/sdtrends.htm
  • Cities — http://proximityone.com/places2017.htm
  • Counties — http://proximityone.com/countytrends2017.htm
  • Metros — http://proximityone.com/metros.htm
  • States — http://proximityone.com/states2018.htm

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Housing Price Index 2017Q3-2018Q3

.. this past week the 3rd quarter 2018 (2018Q3) Housing Price Index (HPI) was released for the U.S., states and metros. As a leading economic indicator, the HPI often gives insights into how the housing market and economy might be changing in the months ahead. The fact that the HPI data are quarterly and become available with a short lag time makes the measure even more valuable. This section provides an update on the HPI 2018Q3 and quarterly data for the past year. See the related Web page for more detailed data and access to the HPI data via interactive table.

Visual Analysis of 2017Q3-2018Q3 HPI Patterns
The following graphic shows housing value appreciation 2017Q3-2018Q3 by metro based on the HPI.

Click graphic for larger view and details. This view developed using CV XE GIS and related GIS project. Members of the ProximityOne User Group (join now, no fee) may used the CV XE GIS software and GIS project to create similar views with different HPI measures. Zoom-in. Add labels. Add other geography/data. Create views/graphics for reports and stories.

The Larger Picture
The HPI is calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages. By itself, the HPI provides limited insights into the broader picture of “the why” and “how otherwise” states and metros are changing. The Situation & Outlook Metro Profiles provide an integrated view of the HPI measure in combination with other economic, demographic and business activity measure. View the HPI integrated with other subject matter … choose a metro. Metro Profiles are updated continuously and are available for each of the metropolitan area.

HPI Interactive Table
Use the HPI interactive table to view/rank/compare the non-seasonally adjusted “all transactions” HPI for the most recent 5 quarters for all Metropolitan Statistical Areas (MSAs), states and the U.S. The graphic shown below illustrates use of the interactive table to rank all metros in descending order on the percent change over the past year.

Updates & Related Measures
Quarterly HPI measures are used to updated the interactive table, GIS project and Metro Profiles. HPI by county, ZIP Code and census tract are updated annually. The 2018 county, ZIP Code and census tract HPI data are scheduled for release in February 2019.

Data Analytics Web Sessions
Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.