The Lancaster Economy Atlas presents key select statistics about the Lancaster County Economy. In this 2008 edition, we have updated the data to 2006 values.
The statistics are presented in a comparative mode. A general performance index (per-capita personal income) and some descriptive statistics of the Lancaster Economy are compared with their national and selected regional counterparts. The comparative mode invites an assessment of the Lancaster Economy from the vantage point(s) of larger national and regional trends.
This edition of the Atlas has four parts.
- Part I presents the performance measure (per-capita personal income) we have chosen as the bottom-line indicator for the local economy. We find that the growth of per capita income in Lancaster continues to lag behind the U.S. trend.
- Parts II and III present national and regional trends in the sectoral composition and the (personal) income distribution of the economy. The sectoral composition of an economy is a broad picture of that economy at the input/production end. The distribution of income is a broad picture of an economy at the outcome level. National trends in these two areas represent powerful forces within which regional economies operate.
Regional trends in these two areas, in turn, indicate how different regions perform in interaction with the larger national forces. Different regional trends can suggest correlations between performance patterns on the one hand, and production-sector and income-distribution patterns on the other hand.
- Part IV compares the Lancaster economy’s performance and sectoral and income-distribution patterns with those of the nation and of selected comparison areas.
Future additions of the Atlas will expand the range of statistics as well as continue to track the trends measured in this edition.