Solano County vs. California
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2021
Introduction
Solano County vs. California
Solano County:
2021 Earnings = $13,963,545K
2021 Percent of State = 0.7%
California:
2021 Earnings = $2,102,644,661K
2021 Percent of U.S. = 14.7%
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.
Solano County Total Industry Earnings, 1970-2021
Current vs. Constant Dollars (Millions)
Solano County Total Industry Earnings, 1970-2021
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Solano 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 Solano County over time.
When measured in current dollars, Solano County's total industry earnings increased 1,916.9%, from $692M in 1970 to $13,964M in 2021. When measured in constant 2012 dollars to adjust for inflation, it advanced 264.7%, from $3,311M in 1970 to $12,077M in 2021.
Real Total Industry Earnings, 1969-2021 (Millions)
Real Total Industry Earnings, 1969-2021 (Millions)
Figure 2.
Figure 2 tracks Solano County's and California'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, Solano County's real total industry earnings rose from $3,273M in 1969 to $12,077M in 2021, for a net gain of $8,804M, or 269.0%. In comparison, California's real total industry earnings increased from $372,092M in 1969 to $1,818,566M in 2021, for a net advance of $1,446,474M, or 388.7%.
Real Total Industry Earnings Indices (1969=100): 1969-2021
Real Total Industry Earnings Indices (1969=100): 1969-2021
Figure 3.
Figure 3 portrays Solano 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.
Solano County's overall real total industry earnings growth was 269.0% over 1969-2021 trailed California's increase of 388.7%, and fell below the United States' increase of 277.6%.
Total Industry Earnings as a Percent of the California Total: 1969-2021
Total Industry Earnings as a Percent of the California Total: 1969-2021
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Solano 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, Solano County's total industry earnings totaled 0.88% of California's total industry earnings, while in 2021 it totaled 0.66% thereby yielding a -0.22% share-shift.
   
 
Total Industry Earnings Share-Shift
2021 vs. 1969
 
Share-
Shift*
 
2021
vs.
1969
-0.22%
=
0.66%
-
0.88%
 
   
Solano County Real Total Industry Earnings:
Annual Percent Change, 1970-2021
Solano County Real Total Industry Earnings:
Annual Percent Change, 1970-2021
Figure 5.
Figure 5 displays the short-run pattern of Solano 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 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, Solano County's real total industry earnings grew at an annual rate of 2.59% over 1970-2021. The county recorded its highest growth in 2001 (11.52%) and posted its lowest growth in 1994 (-6.00%). In 2021, Solano County's real total industry earnings declined by -4.19%
Solano County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2021
Solano 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 illustrates the annual percent change in Solano County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2021.
During the 1970s, Solano County's annual real total industry earnings growth rate averaged 2.61%. It averaged 3.46% during the 1980s, 1.66% throughout the 1990s, 3.68% in the 2000s, 2.52% in the 2010s, -2.30% 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 Solano County noted in the previous graph with the corresponding decade averages for California and the nation. As the chart reveals, Solano County's average annual real total industry earnings growth lagged California's average throughout the 1970s (2.61% vs. 3.66%), trailed California's average in the 1980s (3.46% vs. 3.74%), posted below California's average throughout the 1990s (1.66% vs. 3.19%), surpassed California's average during the 2000s (3.68% vs. 1.54%), lagged California's average throughout the 2010s (2.52% vs. 3.46%), and posted below California's average over the 2 year period of the current decade, 2020-2021 (-2.30% vs. 3.52%).
Finally, relative to nationwide real total industry earnings growth trends, Solano County lagged the nation during the 1970s (2.61% vs. 3.13%), topped the nation in the 1980s (3.46% vs. 2.62%), recorded underneath the nation over the 1990s (1.66% vs. 3.43%), registered above the nation during the 2000s (3.68% vs. 1.47%), posted below the nation over the 2010s (2.52% vs. 2.53%), and posted below the nation over 2020-2021 (-2.30% vs. 2.08%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.59
2.61
3.46
1.66
3.68
2.52
-2.30
-4.19
 
3.14
3.66
3.74
3.19
1.54
3.46
3.52
5.47
 
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.

   
 
Solano County:
Total Industry Earnings, 1969-2021
 
1969
 
653,731
0.200
3,272,582
100.0
N
0.88
1970
 
692,343
0.209
3,311,062
101.2
1.18
0.88
1971
 
751,608
0.218
3,448,059
105.4
4.14
0.91
1972
 
796,389
0.225
3,532,912
108.0
2.46
0.87
1973
 
854,173
0.238
3,595,610
109.9
1.77
0.85
1974
 
962,732
0.262
3,670,487
112.2
2.08
0.87
1975
 
1,078,980
0.284
3,797,220
116.0
3.45
0.90
1976
 
1,166,229
0.300
3,890,802
118.9
2.46
0.87
1977
 
1,288,099
0.319
4,035,019
123.3
3.71
0.85
1978
 
1,455,543
0.341
4,262,829
130.3
5.65
0.84
1979
 
1,571,869
0.372
4,227,955
129.2
-0.82
0.80
1980
 
1,687,747
0.412
4,098,264
125.2
-3.07
0.77
1981
 
1,837,872
0.449
4,095,902
125.2
-0.06
0.76
1982
 
1,996,714
0.474
4,215,768
128.8
2.93
0.78
1983
 
2,197,779
0.494
4,450,928
136.0
5.58
0.80
1984
 
2,415,253
0.512
4,713,333
144.0
5.90
0.78
1985
 
2,673,245
0.530
5,040,910
154.0
6.95
0.80
1986
 
2,865,274
0.542
5,288,044
161.6
4.90
0.79
1987
 
3,060,024
0.559
5,478,514
167.4
3.60
0.77
1988
 
3,301,981
0.580
5,689,343
173.8
3.85
0.76
1989
 
3,585,404
0.606
5,919,243
180.9
4.04
0.77
1990
 
3,844,918
0.632
6,080,748
185.8
2.73
0.78
1991
 
3,938,553
0.653
6,027,321
184.2
-0.88
0.77
1992
 
4,226,283
0.671
6,299,705
192.5
4.52
0.79
1993
 
4,383,377
0.688
6,375,079
194.8
1.20
0.80
1994
 
4,206,202
0.702
5,992,338
183.1
-6.00
0.75
1995
 
4,185,753
0.717
5,840,232
178.5
-2.54
0.71
1996
 
4,302,075
0.732
5,876,831
179.6
0.63
0.69
1997
 
4,519,826
0.745
6,068,673
185.4
3.26
0.68
1998
 
4,845,090
0.751
6,454,096
197.2
6.35
0.66
1999
 
5,277,967
0.762
6,929,740
211.8
7.37
0.66
2000
 
5,942,146
0.781
7,609,356
232.5
9.81
0.67
2001
 
6,759,457
0.797
8,485,810
259.3
11.52
0.74
2002
 
7,182,527
0.807
8,900,061
272.0
4.88
0.77
2003
 
7,593,894
0.824
9,216,114
281.6
3.55
0.78
2004
 
7,910,431
0.844
9,367,776
286.3
1.65
0.76
2005
 
8,200,204
0.869
9,438,975
288.4
0.76
0.75
2006
 
8,577,925
0.893
9,603,373
293.4
1.74
0.74
2007
 
8,868,268
0.916
9,680,036
295.8
0.80
0.75
2008
 
9,144,464
0.943
9,694,635
296.2
0.15
0.78
2009
 
9,296,305
0.941
9,883,167
302.0
1.94
0.82
2010
 
9,455,660
0.957
9,875,672
301.8
-0.08
0.80
2011
 
9,590,913
0.982
9,769,698
298.5
-1.07
0.77
2012
 
9,978,490
1.000
9,978,490
304.9
2.14
0.75
2013
 
10,453,006
1.014
10,313,363
315.1
3.36
0.76
2014
 
10,860,986
1.029
10,556,228
322.6
2.35
0.75
2015
 
11,339,290
1.031
10,996,635
336.0
4.17
0.74
2016
 
11,942,702
1.041
11,467,049
350.4
4.28
0.74
2017
 
12,516,686
1.061
11,802,182
360.6
2.92
0.74
2018
 
13,223,368
1.083
12,208,026
373.0
3.44
0.74
2019
 
13,913,192
1.099
12,656,065
386.7
3.67
0.75
2020
 
14,010,565
1.111
12,605,664
385.2
-0.40
0.73
2021
 
13,963,545
1.156
12,076,997
369.0
-4.19
0.66
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 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.

   
 
California:
Total Industry Earnings, 1969-2021
 
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
 
1,693,348,376
1.061
1,596,685,062
429.1
3.45
14.20
2018
 
1,777,699,599
1.083
1,641,200,919
441.1
2.79
14.21
2019
 
1,866,314,799
1.099
1,697,683,861
456.3
3.44
14.31
2020
 
1,916,440,731
1.111
1,724,270,755
463.4
1.57
14.50
2021
 
2,102,644,661
1.156
1,818,566,403
488.7
5.47
14.72
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 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 California Regional Economic Analysis Project (CA-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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