U.S. County Spending Power Forecast-Bay County, Michigan


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Release date

45047

Region

U.S. County-Bay County, Michigan

Notes

Data from 2017-2020 is historical data, 2021-2024 are forecasts. Spending Power forecasts are based on the most current GDP outlooks and do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).

Page organization

SPENDING POWER ($Mill.)

Methodology

Spending Power Forecasts are the aggregate consumer income of all adults (16 and over) in the region and based primarily on U.S. Census historical data. Consumer income is monie received on a regular basis (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, social security, union dues, medicare deductions, etc. Therefore, money income does not reflect the fact that some families receive part of their income in the form of noncash benefits, such as food stamps, health benefits, subsidized housing, and goods produced and consumed on the farm. Forecasts are based on 1) U.S. Census population by age group, and 2) U.S. Census income by income group.

Copyright

© USForecastStats.com 2023

Additional Data

Additional forecast data (2024-2029 CAGR) is available in Excel format for an additional fee beyond subscriptions fees as custom projects. Additional data on industries and products are available as custom projects. Please contact info@wharrysharpe.com for fees. Include the industry/product you need.

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U.S. County Spending Power Forecast-Bay County, Michigan

The Aggregate Spending Power in Bay County, Michigan is forecast to see sales of $1,795.5 million in 2023.


NAICS Definition

N/A

N/A

Chart Title 2017 2018 2019 2020 2021 2022 2023 2024 Page Organization Release Date Region Text Notes Methodology Copyright Source Additional Data Subscriber Access Filename NAICS Definition
U.S. County Spending Power Forecast-Bay County, Michigan 1501.133 1558.148 1618.416 1640.194 1703.7884858781 1742.168653259 1795.5435433586 1850.2553353642 SPENDING POWER ($Mill.) 45047 U.S. County-Bay County, Michigan The Aggregate Spending Power in Bay County, Michigan is forecast to see sales of $1,795.5 million in 2023. Data from 2017-2020 is historical data, 2021-2024 are forecasts. Spending Power forecasts are based on the most current GDP outlooks and do not account for unpredictable future declines (recessions, natural disasters, wars, etc.). Spending Power Forecasts are the aggregate consumer income of all adults (16 and over) in the region and based primarily on U.S. Census historical data. Consumer income is monie received on a regular basis (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, social security, union dues, medicare deductions, etc. Therefore, money income does not reflect the fact that some families receive part of their income in the form of noncash benefits, such as food stamps, health benefits, subsidized housing, and goods produced and consumed on the farm. Forecasts are based on 1) U.S. Census population by age group, and 2) U.S. Census income by income group. © USForecastStats.com 2023 © USForecastStats.com 2023 Additional forecast data (2024-2029 CAGR) is available in Excel format for an additional fee beyond subscriptions fees as custom projects. Additional data on industries and products are available as custom projects. Please contact info@wharrysharpe.com for fees. Include the industry/product you need. Subscription Subscription