Inyo County vs. California
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2018
Introduction
Inyo County:
2018 Earnings = $753,949K
2018 Percent of State = 0.0%
California:
2018 Earnings = $1,787,668,111K
2018 Percent of State = 14.3%
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.
Inyo County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Inyo County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Inyo County's annual total industry earnings over 1969-2018 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 Inyo County over time.
When measured in current dollars, Inyo County's total industry earnings increased 1,625.9%, from $44M in 1969 to $754M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 219.4%, from $218M in 1969 to $697M in 2018.
Real Total Industry Earnings, 1969-2018 (Millions)
Real Total Industry Earnings, 1969-2018 (Millions)
Figure 2.
Figure 2 tracks Inyo County's and California's annual real total industry earnings for the period 1969-2018 to illustrate real total industry earnings patterns over time. During this 50-year period, Inyo County's real total industry earnings rose from $218M in 1969 to $697M in 2018, for a net gain of $479M, or 219.4%. In comparison, California's real total industry earnings increased from $371,367M in 1969 to $1,653,059M in 2018, for a net advance of $1,281,692M, or 345.1%.
Real Total Industry Earnings Indices (1969=100): 1969-2018
Real Total Industry Earnings Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays Inyo 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.
Inyo County's overall real total industry earnings growth was 219.4% over 1969-2018 trailed California's increase of 345.1%, and fell below the United States' increase of 254.2%.
Total Industry Earnings as a Percent of the California Total: 1969-2018
Total Industry Earnings as a Percent of the California Total: 1969-2018
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Inyo 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, Inyo County's total industry earnings totaled 0.06% of California's total industry earnings, while in 2018 it comprised 0.04% thereby yielding a -0.02% share-shift.
   
 
Total Industry Earnings Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
-0.02%
=
0.04%
-
0.06%
 
   
Inyo County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Inyo County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 shows the short-run pattern of Inyo County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-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, Inyo County's real total industry earnings grew at an annual rate of 2.50% over 1970-2018. The county posted its highest growth in 2001 (24.87%) and posted its lowest growth in 1982 (-6.76%). In 2018, Inyo County's real total industry earnings declined by -0.69%
Inyo County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
Inyo County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
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 depicts the annual percent change in Inyo 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 2010-2018.
During the 1970s, Inyo County's annual real total industry earnings growth rate averaged 3.85%. It averaged 0.04% in the 1980s, 1.84% throughout the 1990s, 4.68% in the 2000s, and 2.06% thus far this decade (2010 to 2018).
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 Inyo County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Inyo County's average annual real total industry earnings growth outpaced California's average during the 1970s (3.85% vs. 3.66%), posted below California's average throughout the 1980s (0.04% vs. 3.74%), fell below California's average during the 1990s (1.84% vs. 3.19%), recorded above California's average throughout the 2000s (4.68% vs. 1.56%), and amounted to less than California's average over the 9 year period of the last decade, 2010-2018 (2.06% vs. 3.55%).
Finally, relative to nationwide real total industry earnings growth trends, Inyo County surpassed the nation throughout the 1970s (3.85% vs. 3.13%), lagged the nation during the 1980s (0.04% vs. 2.62%), fell under the nation in the 1990s (1.84% vs. 3.43%), outperformed the nation in the 2000s (4.68% vs. 1.49%), and fell below the nation over 2010-2018 (2.06% vs. 2.54%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.50
3.85
0.04
1.84
4.68
2.06
-0.69
 
3.13
3.66
3.74
3.19
1.56
3.55
3.42
 
2.64
3.13
2.62
3.43
1.49
2.54
2.80
 
   

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

   
 
Inyo County:
Total Industry Earnings, 1969-2018
 
1969
 
43,685
0.200
218,261
100.0
N
0.06
1970
 
47,579
0.210
227,097
104.0
4.05
0.06
1971
 
51,407
0.218
235,369
107.8
3.64
0.06
1972
 
58,226
0.226
257,797
118.1
9.53
0.06
1973
 
62,334
0.238
261,886
120.0
1.59
0.06
1974
 
66,805
0.263
254,205
116.5
-2.93
0.06
1975
 
74,314
0.285
261,026
119.6
2.68
0.06
1976
 
80,493
0.300
268,024
122.8
2.68
0.06
1977
 
86,180
0.320
269,430
123.4
0.52
0.06
1978
 
101,951
0.342
298,006
136.5
10.61
0.06
1979
 
117,782
0.373
316,185
144.9
6.10
0.06
1980
 
128,753
0.413
312,038
143.0
-1.31
0.06
1981
 
139,839
0.450
311,044
142.5
-0.32
0.06
1982
 
137,625
0.475
290,005
132.9
-6.76
0.05
1983
 
142,076
0.495
287,173
131.6
-0.98
0.05
1984
 
145,007
0.513
282,428
129.4
-1.65
0.05
1985
 
146,995
0.531
276,650
126.8
-2.05
0.04
1986
 
149,758
0.543
275,848
126.4
-0.29
0.04
1987
 
155,319
0.560
277,534
127.2
0.61
0.04
1988
 
179,024
0.582
307,861
141.1
10.93
0.04
1989
 
190,958
0.607
314,645
144.2
2.20
0.04
1990
 
204,601
0.634
322,944
148.0
2.64
0.04
1991
 
212,379
0.655
324,376
148.6
0.44
0.04
1992
 
217,749
0.672
323,944
148.4
-0.13
0.04
1993
 
227,241
0.689
329,851
151.1
1.82
0.04
1994
 
234,270
0.703
333,101
152.6
0.99
0.04
1995
 
242,492
0.718
337,681
154.7
1.37
0.04
1996
 
248,924
0.733
339,383
155.5
0.50
0.04
1997
 
262,109
0.746
351,244
160.9
3.49
0.04
1998
 
277,099
0.752
368,404
168.8
4.89
0.04
1999
 
287,918
0.763
377,162
172.8
2.38
0.04
2000
 
295,909
0.782
378,231
173.3
0.28
0.03
2001
 
376,615
0.797
472,316
216.4
24.87
0.04
2002
 
397,262
0.808
491,728
225.3
4.11
0.04
2003
 
417,703
0.824
507,180
232.4
3.14
0.04
2004
 
464,985
0.844
550,858
252.4
8.61
0.04
2005
 
488,462
0.868
562,666
257.8
2.14
0.04
2006
 
525,035
0.892
588,776
269.8
4.64
0.05
2007
 
531,031
0.914
580,755
266.1
-1.36
0.04
2008
 
563,483
0.942
598,304
274.1
3.02
0.05
2009
 
547,719
0.941
582,098
266.7
-2.71
0.05
2010
 
549,239
0.957
573,887
262.9
-1.41
0.05
2011
 
562,479
0.981
573,192
262.6
-0.12
0.05
2012
 
597,211
1.000
597,211
273.6
4.19
0.05
2013
 
629,155
1.013
620,799
284.4
3.95
0.05
2014
 
661,019
1.028
642,827
294.5
3.55
0.05
2015
 
673,950
1.030
654,035
299.7
1.74
0.04
2016
 
726,364
1.041
697,816
319.7
6.69
0.05
2017
 
743,616
1.059
701,995
321.6
0.60
0.04
2018
 
753,949
1.081
697,178
319.4
-0.69
0.04
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 2019
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
California:
Total Industry Earnings, 1969-2018
 
1969
 
74,329,117
0.200
371,367,060
100.0
N
11.37
1970
 
78,352,156
0.210
373,978,120
100.7
0.70
11.30
1971
 
82,582,961
0.218
378,109,798
101.8
1.10
11.13
1972
 
91,402,059
0.226
404,684,579
109.0
7.03
11.15
1973
 
100,883,935
0.238
423,846,462
114.1
4.74
10.98
1974
 
111,116,918
0.263
422,819,323
113.9
-0.24
11.18
1975
 
120,292,875
0.285
422,525,026
113.8
-0.07
11.35
1976
 
134,725,991
0.300
448,608,121
120.8
6.17
11.48
1977
 
151,080,844
0.320
472,334,284
127.2
5.29
11.59
1978
 
173,276,679
0.342
506,494,049
136.4
7.23
11.74
1979
 
197,519,971
0.373
530,240,721
142.8
4.69
11.98
1980
 
219,599,858
0.413
532,208,468
143.3
0.37
12.31
1981
 
240,773,877
0.450
535,552,909
144.2
0.63
12.28
1982
 
255,203,284
0.475
537,768,215
144.8
0.41
12.43
1983
 
275,917,118
0.495
557,701,253
150.2
3.71
12.61
1984
 
308,450,044
0.513
600,763,578
161.8
7.72
12.68
1985
 
335,469,692
0.531
631,365,401
170.0
5.09
12.82
1986
 
363,846,231
0.543
670,190,147
180.5
6.15
13.06
1987
 
399,341,120
0.560
713,567,865
192.1
6.47
13.33
1988
 
437,085,973
0.582
751,639,650
202.4
5.34
13.41
1989
 
463,137,155
0.607
763,119,385
205.5
1.53
13.36
1990
 
495,459,943
0.634
782,037,634
210.6
2.48
13.47
1991
 
511,713,803
0.655
781,564,619
210.5
-0.06
13.50
1992
 
536,789,079
0.672
798,579,367
215.0
2.18
13.22
1993
 
546,362,525
0.689
793,071,075
213.6
-0.69
12.89
1994
 
562,529,938
0.703
799,843,506
215.4
0.85
12.62
1995
 
586,509,339
0.718
816,740,247
219.9
2.11
12.55
1996
 
622,383,828
0.733
848,558,651
228.5
3.90
12.56
1997
 
668,027,313
0.746
895,202,971
241.1
5.50
12.63
1998
 
730,064,889
0.752
970,624,454
261.4
8.43
12.79
1999
 
794,444,128
0.763
1,040,692,876
280.2
7.22
13.03
2000
 
887,549,245
0.782
1,134,465,706
305.5
9.01
13.45
2001
 
914,764,493
0.797
1,147,212,738
308.9
1.12
13.32
2002
 
932,151,294
0.808
1,153,809,670
310.7
0.58
13.31
2003
 
973,505,738
0.824
1,182,041,499
318.3
2.45
13.44
2004
 
1,041,454,068
0.844
1,233,789,516
332.2
4.38
13.57
2005
 
1,091,292,119
0.868
1,257,075,196
338.5
1.89
13.57
2006
 
1,154,635,171
0.892
1,294,811,460
348.7
3.00
13.55
2007
 
1,189,611,169
0.914
1,301,003,050
350.3
0.48
13.42
2008
 
1,179,852,814
0.942
1,252,763,659
337.3
-3.71
13.09
2009
 
1,136,583,527
0.941
1,207,923,488
325.3
-3.58
13.08
2010
 
1,186,105,720
0.957
1,239,335,165
333.7
2.60
13.15
2011
 
1,248,829,957
0.981
1,272,615,134
342.7
2.69
13.22
2012
 
1,325,712,700
1.000
1,325,712,700
357.0
4.17
13.39
2013
 
1,374,135,115
1.013
1,355,884,904
365.1
2.28
13.43
2014
 
1,449,052,324
1.028
1,409,172,736
379.5
3.93
13.56
2015
 
1,541,496,216
1.030
1,495,944,700
402.8
6.16
13.87
2016
 
1,604,105,240
1.041
1,541,060,457
415.0
3.02
14.10
2017
 
1,693,104,707
1.059
1,598,339,177
430.4
3.72
14.20
2018
 
1,787,668,111
1.081
1,653,059,478
445.1
3.42
14.29
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 2019
REAP_PI_CA1400_1200_PSN
 
   

Tip: 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, 1969-2018
 
1969
 
653,665,000
0.200
3,265,875,593
100.0
N
1970
 
693,352,000
0.210
3,309,398,119
101.3
1.33
1971
 
742,094,000
0.218
3,397,710,728
104.0
2.67
1972
 
819,646,000
0.226
3,629,000,266
111.1
6.81
1973
 
918,964,000
0.238
3,860,868,835
118.2
6.39
1974
 
993,909,000
0.263
3,781,997,717
115.8
-2.04
1975
 
1,059,492,000
0.285
3,721,433,088
113.9
-1.60
1976
 
1,173,271,000
0.300
3,906,736,148
119.6
4.98
1977
 
1,303,767,000
0.320
4,076,055,149
124.8
4.33
1978
 
1,476,080,000
0.342
4,314,635,644
132.1
5.85
1979
 
1,648,363,000
0.373
4,425,016,778
135.5
2.56
1980
 
1,784,597,000
0.413
4,325,037,565
132.4
-2.26
1981
 
1,961,173,000
0.450
4,362,233,640
133.6
0.86
1982
 
2,053,729,000
0.475
4,327,648,769
132.5
-0.79
1983
 
2,188,018,000
0.495
4,422,561,345
135.4
2.19
1984
 
2,432,402,000
0.513
4,737,553,318
145.1
7.12
1985
 
2,615,791,000
0.531
4,923,007,867
150.7
3.91
1986
 
2,786,901,000
0.543
5,133,359,735
157.2
4.27
1987
 
2,996,000,000
0.560
5,353,441,498
163.9
4.29
1988
 
3,259,979,000
0.582
5,606,058,365
171.7
4.72
1989
 
3,467,027,000
0.607
5,712,682,485
174.9
1.90
1990
 
3,679,460,000
0.634
5,807,686,844
177.8
1.66
1991
 
3,789,428,000
0.655
5,787,772,059
177.2
-0.34
1992
 
4,059,023,000
0.672
6,038,595,317
184.9
4.33
1993
 
4,237,437,000
0.689
6,150,840,446
188.3
1.86
1994
 
4,456,948,000
0.703
6,337,193,232
194.0
3.03
1995
 
4,674,849,000
0.718
6,509,934,411
199.3
2.73
1996
 
4,956,180,000
0.733
6,757,260,110
206.9
3.80
1997
 
5,288,047,000
0.746
7,086,350,053
217.0
4.87
1998
 
5,707,014,000
0.752
7,587,500,000
232.3
7.07
1999
 
6,098,042,000
0.763
7,988,212,948
244.6
5.28
2000
 
6,598,743,000
0.782
8,434,515,243
258.3
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.6
2.08
2002
 
7,001,130,000
0.808
8,665,944,621
265.3
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
269.3
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
278.4
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
283.6
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
292.5
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.9
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
293.0
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.7
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.7
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.7
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
303.2
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
309.1
1.96
2014
 
10,687,445,000
1.028
10,393,314,208
318.2
2.95
2015
 
11,111,139,000
1.030
10,782,802,659
330.2
3.75
2016
 
11,374,304,000
1.041
10,927,269,408
334.6
1.34
2017
 
11,921,152,000
1.059
11,253,907,806
344.6
2.99
2018
 
12,510,655,000
1.081
11,568,622,102
354.2
2.80
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 2019
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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