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Lunenburg Economics Overview reproduced

provided by Bureau of Economic Analysis

 

Lunenburg is one of 105 counties in Virginia. It is not part of a Metropolitan Area.
 Its 2011
population of 12,874 ranked 86th in the state

PER CAPITA PERSONAL INCOME

In 2011 Lunenburg had a per capita personal income (PCPI) of $26,630. This PCPI ranked 100th in the state and was 58 percent of the state average, $46,107, and 64 percent of the national average, $41,560. The 2011 PCPI reflected an increase of 3.5 percent from 2010. The 2010-2011 state change was 4.5 percent and the national change was 4.4 percent. In 2001 the PCPI of Lunenburg was $19,618 and ranked 99th in the state. The 2001-2011 compound annual growth rate of PCPI was 3.1 percent. The compound annual growth rate for the state was 3.3 percent and for the nation was 2.9 percent.

 

 

 

In 2011 Lunenburg had a per capita personal income (PCPI) of $26,630. This PCPI ranked 100th in the state and was 58 percent of the state average, $46,107, and 64 percent of the national average, $41,560. The 2011 PCPI reflected an increase of 3.5 percent from 2010. The 2010-2011 state change was 4.5 percent and the national change was 4.4 percent. In 2001 the PCPI of Lunenburg was $19,618 and ranked 99th in the state. The 2001-2011 compound annual growth rate of PCPI was 3.1 percent. The compound annual growth rate for the state was 3.3 percent and for the nation was 2.9 percent.

 

 

Per Capita Personal Income, 2011

 

Per Capita Income as a Percent of the United States

  

Virginia

  

Lunenburg

 

 

 

TOTAL PERSONAL INCOME

CAGR: compound annual growth rate

 

2010-11 percent change

2001-2011 CAGR

Lunenburg

3.1 %

3.0 %

Virginia

5.4 %

4.5 %

U.S.

5.2 %

3.8 %

 

In 2011 Lunenburg had a total personal income (TPI) of $342,840*. This TPI ranked 95th in the state and accounted for 0.1 percent of the state total. In 2001 the TPI of Lunenburg was $256,020* and ranked 93rd in the state.

*Note: Total personal income estimates are in thousands of dollars, not adjusted for inflation.

COMPONENTS OF TOTAL PERSONAL INCOME

Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Lunenburg.

 

Percent Contribution to Total Personal Income

 

Lunenburg

Virginia

United States

 

 

2001

 

 

2011

 

  

Net earnings by place of residence

  

Dividends, interest, and rent

  

Personal current transfer receipts

 

 

 

 

2010-2011 percent change

 

Lunenburg

Virginia

U.S.

Net earnings

1.6 %

5.0 %

5.7 %

Dividends, interest, and rent

7.2 %

8.6 %

7.5 %

Personal current transfer receipts

3.8 %

4.2 %

1.5 %

 

 

2001-2011 compound annual growth rate

 

Lunenburg

Virginia

U.S.

Net earnings

1.6 %

4.3 %

3.4 %

Dividends, interest, and rent

1.7 %

3.3 %

2.9 %

P