Humboldt County vs. California
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2020
Introduction
Humboldt County vs. California
Humboldt County:
2020 Earnings = $3,945,901K
2020 Percent of State = 0.2%
California:
2020 Earnings = $1,912,462,104K
2020 Percent of U.S. = 14.5%
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.
Humboldt County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Humboldt County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Humboldt County's annual total industry earnings over 1970-2020 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 Humboldt County over time.
When measured in current dollars, Humboldt County's total industry earnings increased 1,139.0%, from $318M in 1970 to $3,946M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 132.9%, from $1,523M in 1970 to $3,548M in 2020.
Real Total Industry Earnings, 1969-2020 (Millions)
Real Total Industry Earnings, 1969-2020 (Millions)
Figure 2.
Figure 2 traces Humboldt County's and California's annual real total industry earnings for the period 1969-2020 to illustrate real total industry earnings patterns over time. During this 52-year period, Humboldt County's real total industry earnings rose from $1,552M in 1969 to $3,548M in 2020, for a net gain of $1,995M, or 128.5%. In comparison, California's real total industry earnings increased from $372,092M in 1969 to $1,719,453M in 2020, for a net advance of $1,347,361M, or 362.1%.
Real Total Industry Earnings Indices (1969=100): 1969-2020
Real Total Industry Earnings Indices (1969=100): 1969-2020
Figure 3.
Figure 3 portrays Humboldt County's real total industry earnings growth in a broader context by offering direct comparisons across time with California, 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.
Humboldt County's overall real total industry earnings growth was 128.5% over 1969-2020 trailed California's increase of 362.1%, and fell below the United States' increase of 262.7%.
Total Industry Earnings as a Percent of the California Total: 1969-2020
Total Industry Earnings as a Percent of the California Total: 1969-2020
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Humboldt County is to compare its individual percentage contributions to California'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 California's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Humboldt County's total industry earnings totaled 0.42% of California's total industry earnings, while in 2020 it equated to 0.21% thereby yielding a -0.21% share-shift.
   
 
Total Industry Earnings Share-Shift
2020 vs. 1969
 
Share-
Shift*
 
2020
vs.
1969
-0.21%
=
0.21%
-
0.42%
 
   
Humboldt County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Humboldt County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 shows the short-run pattern of Humboldt County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-year period is also illustrated 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, Humboldt County's real total industry earnings grew at an annual rate of 1.72% over 1970-2020. The county posted its highest growth in 2010 (10.66%) and posted its lowest growth in 2008 (-9.34%). In 2020, Humboldt County's real total industry earnings grew by 0.09%
Humboldt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
Humboldt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
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 traces the annual percent change in Humboldt 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, and 2020.
During the 1970s, Humboldt County's annual real total industry earnings growth rate averaged 2.44%. It averaged 0.94% during the 1980s, 1.86% in the 1990s, 1.51% in the 2000s, 2.00% throughout the 2010s, and 0.09% in 2020.
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 Humboldt County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Humboldt County's average annual real total industry earnings growth posted below California's average throughout the 1970s (2.44% vs. 3.66%), lagged California's average throughout the 1980s (0.94% vs. 3.74%), recorded under California's average throughout the 1990s (1.86% vs. 3.19%), lagged California's average during the 2000s (1.51% vs. 1.54%), and recorded under California's average over the 10 year period of the last decade, 2010-2019 (2.00% vs. 3.44%). In 2020, Humboldt County's growth has lagged California's average (0.09% vs. 1.48%).
Finally, relative to nationwide real total industry earnings growth trends, Humboldt County trailed the nation during the 1970s (2.44% vs. 3.13%), recorded underneath the nation over the 1980s (0.94% vs. 2.62%), fell below the nation in the 1990s (1.86% vs. 3.43%), outgained the nation during the 2000s (1.51% vs. 1.47%), and fell under the nation over 2010-2019 (2.00% vs. 2.52%). In 2020, growth for Humboldt County has recorded under the national average (0.09% vs. 0.18%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.72
2.44
0.94
1.86
1.51
2.00
0.09
 
3.08
3.66
3.74
3.19
1.54
3.44
1.48
 
2.59
3.13
2.62
3.43
1.47
2.52
0.18
 
   

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

   
 
Humboldt County:
Total Industry Earnings, 1969-2020
 
1969
 
310,110
0.200
1,552,413
100.0
N
0.42
1970
 
318,476
0.209
1,523,080
98.1
-1.89
0.41
1971
 
350,228
0.218
1,606,698
103.5
5.49
0.42
1972
 
379,441
0.225
1,683,262
108.4
4.77
0.42
1973
 
424,011
0.238
1,784,859
115.0
6.04
0.42
1974
 
458,577
0.262
1,748,359
112.6
-2.04
0.41
1975
 
485,413
0.284
1,708,298
110.0
-2.29
0.40
1976
 
564,316
0.300
1,882,685
121.3
10.21
0.42
1977
 
618,253
0.319
1,936,701
124.8
2.87
0.41
1978
 
675,806
0.341
1,979,224
127.5
2.20
0.39
1979
 
729,143
0.372
1,961,222
126.3
-0.91
0.37
1980
 
767,907
0.412
1,864,667
120.1
-4.92
0.35
1981
 
775,133
0.449
1,727,470
111.3
-7.36
0.32
1982
 
773,976
0.474
1,634,136
105.3
-5.40
0.30
1983
 
845,831
0.494
1,712,971
110.3
4.82
0.31
1984
 
913,749
0.512
1,783,168
114.9
4.10
0.30
1985
 
960,445
0.530
1,811,101
116.7
1.57
0.29
1986
 
1,043,053
0.542
1,925,020
124.0
6.29
0.29
1987
 
1,143,329
0.559
2,046,959
131.9
6.33
0.29
1988
 
1,216,700
0.580
2,096,385
135.0
2.41
0.28
1989
 
1,289,405
0.606
2,128,715
137.1
1.54
0.28
1990
 
1,353,893
0.632
2,141,185
137.9
0.59
0.27
1991
 
1,391,964
0.653
2,130,177
137.2
-0.51
0.27
1992
 
1,449,895
0.671
2,161,216
139.2
1.46
0.27
1993
 
1,503,563
0.688
2,186,746
140.9
1.18
0.28
1994
 
1,564,339
0.702
2,228,625
143.6
1.92
0.28
1995
 
1,598,054
0.717
2,229,708
143.6
0.05
0.27
1996
 
1,683,516
0.732
2,299,760
148.1
3.14
0.27
1997
 
1,797,544
0.745
2,413,523
155.5
4.95
0.27
1998
 
1,907,048
0.751
2,540,360
163.6
5.26
0.26
1999
 
1,945,430
0.762
2,554,264
164.5
0.55
0.24
2000
 
2,042,263
0.781
2,615,268
168.5
2.39
0.23
2001
 
2,273,773
0.797
2,854,491
183.9
9.15
0.25
2002
 
2,402,079
0.807
2,976,480
191.7
4.27
0.26
2003
 
2,570,032
0.824
3,119,047
200.9
4.79
0.26
2004
 
2,679,821
0.844
3,173,527
204.4
1.75
0.26
2005
 
2,723,356
0.869
3,134,762
201.9
-1.22
0.25
2006
 
2,858,670
0.893
3,200,410
206.2
2.09
0.25
2007
 
2,747,317
0.916
2,998,796
193.2
-6.30
0.23
2008
 
2,564,529
0.943
2,718,822
175.1
-9.34
0.22
2009
 
2,750,037
0.941
2,923,643
188.3
7.53
0.24
2010
 
3,097,844
0.957
3,235,448
208.4
10.66
0.26
2011
 
3,191,780
0.982
3,251,278
209.4
0.49
0.26
2012
 
3,179,065
1.000
3,179,065
204.8
-2.22
0.24
2013
 
3,209,801
1.014
3,166,921
204.0
-0.38
0.23
2014
 
3,276,098
1.029
3,184,171
205.1
0.54
0.23
2015
 
3,416,659
1.031
3,313,413
213.4
4.06
0.22
2016
 
3,569,449
1.041
3,427,285
220.8
3.44
0.22
2017
 
3,730,664
1.061
3,517,802
226.6
2.64
0.22
2018
 
3,842,495
1.083
3,547,421
228.5
0.84
0.22
2019
 
3,896,357
1.099
3,544,656
228.3
-0.08
0.21
2020
 
3,945,901
1.112
3,547,675
228.5
0.09
0.21
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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.

   
 
California:
Total Industry Earnings, 1969-2020
 
1969
 
74,329,117
0.200
372,092,096
100.0
N
11.37
1970
 
78,352,156
0.209
374,711,411
100.7
0.70
11.30
1971
 
82,582,961
0.218
378,855,679
101.8
1.11
11.13
1972
 
91,402,059
0.225
405,474,488
109.0
7.03
11.15
1973
 
100,883,935
0.238
424,667,179
114.1
4.73
10.98
1974
 
111,116,918
0.262
423,641,458
113.9
-0.24
11.18
1975
 
120,292,875
0.284
423,342,865
113.8
-0.07
11.35
1976
 
134,725,991
0.300
449,476,183
120.8
6.17
11.48
1977
 
151,080,844
0.319
473,266,435
127.2
5.29
11.59
1978
 
173,276,679
0.341
507,473,068
136.4
7.23
11.74
1979
 
197,519,971
0.372
531,281,863
142.8
4.69
11.98
1980
 
219,599,858
0.412
533,242,334
143.3
0.37
12.31
1981
 
240,773,877
0.449
536,591,288
144.2
0.63
12.28
1982
 
255,203,284
0.474
538,824,154
144.8
0.42
12.43
1983
 
275,917,118
0.494
558,785,528
150.2
3.70
12.61
1984
 
308,450,044
0.512
601,935,960
161.8
7.72
12.68
1985
 
335,469,692
0.530
632,591,677
170.0
5.09
12.82
1986
 
363,846,231
0.542
671,501,238
180.5
6.15
13.06
1987
 
399,341,120
0.559
714,960,380
192.1
6.47
13.33
1988
 
437,085,973
0.580
753,103,093
202.4
5.33
13.41
1989
 
463,137,155
0.606
764,606,014
205.5
1.53
13.36
1990
 
495,459,943
0.632
783,571,259
210.6
2.48
13.47
1991
 
511,713,803
0.653
783,095,574
210.5
-0.06
13.50
1992
 
536,789,079
0.671
800,138,744
215.0
2.18
13.22
1993
 
546,362,525
0.688
794,616,663
213.6
-0.69
12.89
1994
 
562,529,938
0.702
801,404,610
215.4
0.85
12.62
1995
 
586,509,339
0.717
818,335,643
219.9
2.11
12.55
1996
 
622,383,828
0.732
850,204,672
228.5
3.89
12.56
1997
 
668,027,313
0.745
896,945,827
241.1
5.50
12.63
1998
 
730,064,889
0.751
972,512,174
261.4
8.42
12.79
1999
 
794,444,128
0.762
1,043,070,385
280.3
7.26
13.03
2000
 
887,549,245
0.781
1,136,572,218
305.5
8.96
13.45
2001
 
914,764,493
0.797
1,148,393,709
308.6
1.04
13.32
2002
 
932,147,720
0.807
1,155,049,094
310.4
0.58
13.31
2003
 
973,488,758
0.824
1,181,447,072
317.5
2.29
13.44
2004
 
1,041,437,860
0.844
1,233,302,772
331.5
4.39
13.57
2005
 
1,091,280,787
0.869
1,256,136,087
337.6
1.85
13.57
2006
 
1,154,623,817
0.893
1,292,653,341
347.4
2.91
13.55
2007
 
1,189,606,835
0.916
1,298,498,958
349.0
0.45
13.42
2008
 
1,179,865,983
0.943
1,250,851,824
336.2
-3.67
13.09
2009
 
1,136,592,485
0.941
1,208,343,949
324.7
-3.40
13.08
2010
 
1,186,118,693
0.957
1,238,805,073
332.9
2.52
13.14
2011
 
1,248,857,041
0.982
1,272,137,151
341.9
2.69
13.22
2012
 
1,325,726,376
1.000
1,325,726,376
356.3
4.21
13.39
2013
 
1,374,151,612
1.014
1,355,794,159
364.4
2.27
13.43
2014
 
1,449,071,980
1.029
1,408,411,150
378.5
3.88
13.56
2015
 
1,541,320,527
1.031
1,494,744,295
401.7
6.13
13.87
2016
 
1,607,396,055
1.041
1,543,376,786
414.8
3.25
14.12
2017
 
1,692,793,464
1.061
1,596,206,980
429.0
3.42
14.19
2018
 
1,776,685,064
1.083
1,640,249,141
440.8
2.76
14.20
2019
 
1,862,416,244
1.099
1,694,307,094
455.3
3.30
14.30
2020
 
1,912,462,104
1.112
1,719,453,454
462.1
1.48
14.49
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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, 1969-2020
 
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
 
11,926,173,000
1.061
11,245,695,939
343.7
2.88
2018
 
12,515,233,000
1.083
11,554,158,127
353.1
2.74
2019
 
13,024,685,000
1.099
11,849,024,763
362.1
2.55
2020
 
13,202,475,000
1.112
11,870,060,688
362.7
0.18
Source: Calculations by the California Regional Economic Analysis Project (CA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, CA-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.