Lake County vs. Oregon
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2021
Introduction
Lake County vs. Oregon
Lake County:
2021 Earnings = $208,732K
2021 Percent of State = 0.1%
Oregon:
2021 Earnings = $178,777,570K
2021 Percent of U.S. = 1.3%
Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises).
In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties.
Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis.
Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations.
Lake County Total Industry Earnings, 1970-2021
Current vs. Constant Dollars (Millions)
Lake County Total Industry Earnings, 1970-2021
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lake County's annual total industry earnings over 1970-2021 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Lake County over time.
When measured in current dollars, Lake County's total industry earnings increased 966.4%, from $20M in 1970 to $209M in 2021. When measured in constant 2012 dollars to adjust for inflation, it advanced 92.9%, from $94M in 1970 to $181M in 2021.
Real Total Industry Earnings, 1969-2021 (Millions)
Real Total Industry Earnings, 1969-2021 (Millions)
Figure 2.
Figure 2 traces Lake County's and Oregon's annual real total industry earnings for the period 1969-2021 to illustrate real total industry earnings patterns over time. During this 53-year period, Lake County's real total industry earnings rose from $99M in 1969 to $181M in 2021, for a net gain of $81M, or 82.0%. In comparison, Oregon's real total industry earnings advanced from $32,294M in 1969 to $154,624M in 2021, for a net gain of $122,329M, or 378.8%.
Real Total Industry Earnings Indices (1969=100): 1969-2021
Real Total Industry Earnings Indices (1969=100): 1969-2021
Figure 3.
Figure 3 portrays Lake County's real total industry earnings growth in a broader context by offering direct comparisons across time with Oregon, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size.
Lake County's overall real total industry earnings growth was 82.0% over 1969-2021 trailed Oregon's increase of 378.8%, and fell below the United States' increase of 277.6%.
Total Industry Earnings as a Percent of the Oregon Total: 1969-2021
Total Industry Earnings as a Percent of the Oregon Total: 1969-2021
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Lake County is to trace its individual percentage contributions to Oregon's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Oregon's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Lake County's total industry earnings totaled 0.31% of Oregon's total industry earnings, while in 2021 it totaled 0.12% thereby yielding a -0.19% share-shift.
   
 
Total Industry Earnings Share-Shift
2021 vs. 1969
 
Share-
Shift*
 
2021
vs.
1969
-0.19%
=
0.12%
-
0.31%
 
   
Lake County Real Total Industry Earnings:
Annual Percent Change, 1970-2021
Lake County Real Total Industry Earnings:
Annual Percent Change, 1970-2021
Figure 5.
Figure 5 displays the short-run pattern of Lake County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2021. The average annual percent change for the entire 52-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Lake County's real total industry earnings grew at an annual rate of 1.38% over 1970-2021. The county posted its highest growth in 1979 (23.00%) and posted its lowest growth in 1982 (-14.44%). In 2021, Lake County's real total industry earnings grew by 0.71%
Lake County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2021
Lake County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2021
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again shows the annual percent change in Lake County's real total industry earnings since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2021.
During the 1970s, Lake County's annual real total industry earnings growth rate averaged 4.10%. It averaged -0.79% in the 1980s, -0.83% during the 1990s, 1.00% in the 2000s, 3.18% in the 2010s, 2.49% thus far this decade (2020-2021).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Lake County noted in the previous graph with the corresponding decade averages for Oregon and the nation. As the chart reveals, Lake County's average annual real total industry earnings growth amounted to less than Oregon's average throughout the 1970s (4.10% vs. 4.96%), fell below Oregon's average throughout the 1980s (-0.79% vs. 1.29%), trailed Oregon's average during the 1990s (-0.83% vs. 4.66%), amounted to less than Oregon's average throughout the 2000s (1.00% vs. 1.20%), trailed Oregon's average in the 2010s (3.18% vs. 3.44%), and fell below Oregon's average over the 2 year period of the current decade, 2020-2021 (2.49% vs. 3.15%).
Finally, relative to nationwide real total industry earnings growth trends, Lake County registered above the nation in the 1970s (4.10% vs. 3.13%), posted below the nation during the 1980s (-0.79% vs. 2.62%), recorded underneath the nation during the 1990s (-0.83% vs. 3.43%), fell below the nation in the 2000s (1.00% vs. 1.47%), surpassed the nation over the 2010s (3.18% vs. 2.53%), and registered above the nation over 2020-2021 (2.49% vs. 2.08%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.38
4.10
-0.79
-0.83
1.00
3.18
2.49
0.71
 
3.11
4.96
1.29
4.66
1.20
3.44
3.15
3.92
 
2.62
3.13
2.62
3.43
1.47
2.53
2.08
3.91
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Lake County:
Total Industry Earnings, 1969-2021
 
1969
 
19,812
0.200
99,179
100.0
N
0.31
1970
 
19,574
0.209
93,611
94.4
-5.61
0.29
1971
 
21,997
0.218
100,913
101.7
7.80
0.30
1972
 
23,814
0.225
105,643
106.5
4.69
0.28
1973
 
27,041
0.238
113,828
114.8
7.75
0.28
1974
 
27,532
0.262
104,968
105.8
-7.78
0.26
1975
 
30,634
0.284
107,809
108.7
2.71
0.27
1976
 
35,217
0.300
117,492
118.5
8.98
0.27
1977
 
37,010
0.319
115,935
116.9
-1.32
0.25
1978
 
39,902
0.341
116,860
117.8
0.80
0.23
1979
 
53,437
0.372
143,733
144.9
23.00
0.28
1980
 
54,241
0.412
131,710
132.8
-8.36
0.26
1981
 
56,413
0.449
125,723
126.8
-4.55
0.26
1982
 
50,947
0.474
107,567
108.5
-14.44
0.24
1983
 
59,995
0.494
121,501
122.5
12.95
0.27
1984
 
62,893
0.512
122,735
123.8
1.02
0.25
1985
 
63,408
0.530
119,568
120.6
-2.58
0.24
1986
 
65,967
0.542
121,746
122.8
1.82
0.24
1987
 
68,281
0.559
122,247
123.3
0.41
0.23
1988
 
76,444
0.580
131,714
132.8
7.74
0.23
1989
 
78,288
0.606
129,248
130.3
-1.87
0.22
1990
 
76,621
0.632
121,176
122.2
-6.24
0.20
1991
 
76,936
0.653
117,738
118.7
-2.84
0.19
1992
 
82,348
0.671
122,748
123.8
4.26
0.19
1993
 
94,186
0.688
136,982
138.1
11.60
0.20
1994
 
92,541
0.702
131,838
132.9
-3.76
0.18
1995
 
88,240
0.717
123,118
124.1
-6.61
0.16
1996
 
86,419
0.732
118,052
119.0
-4.11
0.15
1997
 
87,541
0.745
117,539
118.5
-0.43
0.14
1998
 
90,803
0.751
120,958
122.0
2.91
0.14
1999
 
89,290
0.762
117,234
118.2
-3.08
0.13
2000
 
105,834
0.781
135,528
136.7
15.61
0.14
2001
 
106,400
0.797
133,574
134.7
-1.44
0.14
2002
 
106,587
0.807
132,075
133.2
-1.12
0.14
2003
 
114,084
0.824
138,455
139.6
4.83
0.14
2004
 
115,381
0.844
136,638
137.8
-1.31
0.13
2005
 
113,242
0.869
130,349
131.4
-4.60
0.12
2006
 
120,310
0.893
134,692
135.8
3.33
0.12
2007
 
115,891
0.916
126,499
127.5
-6.08
0.11
2008
 
123,406
0.943
130,831
131.9
3.42
0.12
2009
 
119,871
0.941
127,438
128.5
-2.59
0.12
2010
 
123,687
0.957
129,181
130.3
1.37
0.12
2011
 
127,056
0.982
129,424
130.5
0.19
0.12
2012
 
135,005
1.000
135,005
136.1
4.31
0.12
2013
 
149,843
1.014
147,841
149.1
9.51
0.13
2014
 
168,249
1.029
163,528
164.9
10.61
0.14
2015
 
169,484
1.031
164,362
165.7
0.51
0.13
2016
 
175,339
1.041
168,356
169.7
2.43
0.13
2017
 
162,772
1.061
153,480
154.8
-8.84
0.11
2018
 
180,390
1.083
166,539
167.9
8.51
0.12
2019
 
188,977
1.099
171,902
173.3
3.22
0.12
2020
 
199,229
1.111
179,251
180.7
4.28
0.12
2021
 
208,732
1.156
180,531
182.0
0.71
0.12
Source: Calculations by the Oregon Regional Economic Analysis Project (OR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1200_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Oregon:
Total Industry Earnings, 1969-2021
 
1969
 
6,451,132
0.200
32,294,413
100.0
N
0.99
1970
 
6,820,919
0.209
32,620,368
101.0
1.01
0.98
1971
 
7,436,758
0.218
34,116,699
105.6
4.59
1.00
1972
 
8,424,168
0.225
37,370,987
115.7
9.54
1.03
1973
 
9,547,742
0.238
40,190,865
124.5
7.55
1.04
1974
 
10,650,830
0.262
40,607,076
125.7
1.04
1.07
1975
 
11,446,752
0.284
40,284,188
124.7
-0.80
1.08
1976
 
13,099,136
0.300
43,701,661
135.3
8.48
1.12
1977
 
14,778,338
0.319
46,293,700
143.3
5.93
1.13
1978
 
17,108,354
0.341
50,105,005
155.2
8.23
1.16
1979
 
19,383,962
0.372
52,138,259
161.4
4.06
1.18
1980
 
20,793,402
0.412
50,491,482
156.3
-3.16
1.17
1981
 
21,578,295
0.449
48,089,624
148.9
-4.76
1.10
1982
 
21,368,509
0.474
45,116,460
139.7
-6.18
1.04
1983
 
22,543,438
0.494
45,654,822
141.4
1.19
1.03
1984
 
24,707,450
0.512
48,216,244
149.3
5.61
1.02
1985
 
26,037,285
0.530
49,098,235
152.0
1.83
1.00
1986
 
27,743,866
0.542
51,203,060
158.6
4.29
1.00
1987
 
29,649,019
0.559
53,082,122
164.4
3.67
0.99
1988
 
32,817,237
0.580
56,544,397
175.1
6.52
1.01
1989
 
35,571,130
0.606
58,725,368
181.8
3.86
1.03
1990
 
38,896,205
0.632
61,514,455
190.5
4.75
1.06
1991
 
40,985,069
0.653
62,721,048
194.2
1.96
1.08
1992
 
44,088,746
0.671
65,718,762
203.5
4.78
1.09
1993
 
47,210,961
0.688
68,662,499
212.6
4.48
1.11
1994
 
50,731,563
0.702
72,274,391
223.8
5.26
1.14
1995
 
53,961,431
0.717
75,290,468
233.1
4.17
1.15
1996
 
58,664,779
0.732
80,138,762
248.2
6.44
1.18
1997
 
63,045,723
0.745
84,650,129
262.1
5.63
1.19
1998
 
67,000,387
0.751
89,250,549
276.4
5.43
1.17
1999
 
70,515,926
0.762
92,584,326
286.7
3.74
1.16
2000
 
76,476,184
0.781
97,933,390
303.3
5.78
1.16
2001
 
77,901,978
0.797
97,798,004
302.8
-0.14
1.13
2002
 
78,893,035
0.807
97,758,463
302.7
-0.04
1.13
2003
 
81,753,912
0.824
99,218,321
307.2
1.49
1.13
2004
 
86,826,374
0.844
102,822,465
318.4
3.63
1.13
2005
 
91,516,988
0.869
105,342,083
326.2
2.45
1.14
2006
 
98,741,277
0.893
110,545,305
342.3
4.94
1.16
2007
 
102,280,159
0.916
111,642,499
345.7
0.99
1.15
2008
 
103,230,207
0.943
109,440,983
338.9
-1.97
1.15
2009
 
97,638,055
0.941
103,801,806
321.4
-5.15
1.12
2010
 
99,556,290
0.957
103,978,495
322.0
0.17
1.10
2011
 
103,608,064
0.982
105,539,436
326.8
1.50
1.10
2012
 
109,896,809
1.000
109,896,809
340.3
4.13
1.11
2013
 
113,774,680
1.014
112,254,751
347.6
2.15
1.11
2014
 
119,703,667
1.029
116,344,793
360.3
3.64
1.12
2015
 
128,203,551
1.031
124,329,445
385.0
6.86
1.15
2016
 
135,073,702
1.041
129,693,995
401.6
4.31
1.19
2017
 
143,219,011
1.061
135,043,479
418.2
4.12
1.20
2018
 
152,351,432
1.083
140,653,297
435.5
4.15
1.22
2019
 
159,761,541
1.099
145,326,281
450.0
3.32
1.23
2020
 
165,380,900
1.111
148,797,427
460.8
2.39
1.25
2021
 
178,777,570
1.156
154,623,788
478.8
3.92
1.25
Source: Calculations by the Oregon Regional Economic Analysis Project (OR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1200_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Industry Earnings, 1969-2021
 
1969
 
653,665,000
0.200
3,272,251,702
100.0
N
1970
 
693,352,000
0.209
3,315,887,135
101.3
1.33
1971
 
742,094,000
0.218
3,404,413,249
104.0
2.67
1972
 
819,646,000
0.225
3,636,083,755
111.1
6.81
1973
 
918,964,000
0.238
3,868,344,839
118.2
6.39
1974
 
993,909,000
0.262
3,789,351,481
115.8
-2.04
1975
 
1,059,492,000
0.284
3,728,636,284
113.9
-1.60
1976
 
1,173,271,000
0.300
3,914,295,723
119.6
4.98
1977
 
1,303,767,000
0.319
4,084,099,239
124.8
4.34
1978
 
1,476,080,000
0.341
4,322,975,546
132.1
5.85
1979
 
1,648,363,000
0.372
4,433,705,417
135.5
2.56
1980
 
1,784,597,000
0.412
4,333,439,367
132.4
-2.26
1981
 
1,961,173,000
0.449
4,370,691,538
133.6
0.86
1982
 
2,053,729,000
0.474
4,336,146,359
132.5
-0.79
1983
 
2,188,018,000
0.494
4,431,159,626
135.4
2.19
1984
 
2,432,402,000
0.512
4,746,798,587
145.1
7.12
1985
 
2,615,791,000
0.530
4,932,569,629
150.7
3.91
1986
 
2,786,901,000
0.542
5,143,402,111
157.2
4.27
1987
 
2,996,000,000
0.559
5,363,888,640
163.9
4.29
1988
 
3,259,979,000
0.580
5,616,973,362
171.7
4.72
1989
 
3,467,027,000
0.606
5,723,811,332
174.9
1.90
1990
 
3,679,460,000
0.632
5,819,076,086
177.8
1.66
1991
 
3,789,428,000
0.653
5,799,109,343
177.2
-0.34
1992
 
4,059,023,000
0.671
6,050,386,811
184.9
4.33
1993
 
4,237,437,000
0.688
6,162,827,598
188.3
1.86
1994
 
4,456,948,000
0.702
6,349,561,922
194.0
3.03
1995
 
4,674,849,000
0.717
6,522,650,723
199.3
2.73
1996
 
4,956,180,000
0.732
6,770,367,740
206.9
3.80
1997
 
5,288,047,000
0.745
7,100,146,352
217.0
4.87
1998
 
5,707,014,000
0.751
7,602,256,561
232.3
7.07
1999
 
6,098,042,000
0.762
8,006,462,371
244.7
5.32
2000
 
6,598,743,000
0.781
8,450,176,719
258.2
5.54
2001
 
6,865,291,000
0.797
8,618,674,048
263.4
1.99
2002
 
7,001,002,000
0.807
8,675,128,250
265.1
0.66
2003
 
7,243,377,000
0.824
8,790,719,435
268.6
1.33
2004
 
7,674,785,000
0.844
9,088,716,649
277.8
3.39
2005
 
8,039,238,000
0.869
9,253,692,619
282.8
1.82
2006
 
8,519,349,000
0.893
9,537,794,720
291.5
3.07
2007
 
8,866,152,000
0.916
9,677,726,112
295.8
1.47
2008
 
9,014,034,000
0.943
9,556,357,275
292.0
-1.25
2009
 
8,688,852,000
0.941
9,237,366,843
282.3
-3.34
2010
 
9,023,830,000
0.957
9,424,660,825
288.0
2.03
2011
 
9,444,365,000
0.982
9,620,418,662
294.0
2.08
2012
 
9,902,321,000
1.000
9,902,321,000
302.6
2.93
2013
 
10,232,098,000
1.014
10,095,406,200
308.5
1.95
2014
 
10,688,401,000
1.029
10,388,485,426
317.5
2.90
2015
 
11,115,543,000
1.031
10,779,649,133
329.4
3.77
2016
 
11,384,770,000
1.041
10,931,338,096
334.1
1.41
2017
 
11,925,461,000
1.061
11,244,706,470
343.6
2.87
2018
 
12,513,572,000
1.083
11,552,731,335
353.1
2.74
2019
 
13,038,063,000
1.099
11,860,008,369
362.4
2.66
2020
 
13,215,075,000
1.111
11,889,941,068
363.4
0.25
2021
 
14,284,574,000
1.156
12,354,653,566
377.6
3.91
Source: Calculations by the Oregon Regional Economic Analysis Project (OR-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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