Solano County vs. California
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Solano County:
2017 Earnings = $12,452,585K
2017 Percent of State = 0.7%
California:
2017 Earnings = $1,697,321,442K
2017 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.
Solano County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Solano County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Solano County's annual total industry earnings over 1969-2017 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 1,799.6%, from $656M in 1969 to $12,453M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 258.4%, from $3,275M in 1969 to $11,740M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Solano County's and California's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, Solano County's real total industry earnings rose from $3,275M in 1969 to $11,740M in 2017, for a net gain of $8,464M, or 258.4%. In comparison, California's real total industry earnings advanced from $372,705M in 1969 to $1,600,145M in 2017, for a net advance of $1,227,440M, or 329.3%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows 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 258.4% over 1969-2017 trailed California's increase of 329.3%, and outpaced the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the California Total: 1969-2017
Total Industry Earnings as a Percent of the California Total: 1969-2017
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Solano County is to trace 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 2017 it equated to 0.73% thereby yielding a -0.15% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.15%
=
0.73%
-
0.88%
 
   
Solano County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Solano County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Solano County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Solano County's real total industry earnings grew at an annual rate of 2.74% over 1970-2017. The county recorded its highest growth in 2001 (12.10%) and recorded its lowest growth in 1994 (-5.99%). In 2017, Solano County's real total industry earnings grew by 3.23%
Solano County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Solano County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 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, and 2010-2017.
During the 1970s, Solano County's annual real total industry earnings growth rate averaged 2.61%. It averaged 3.45% in the 1980s, 1.63% in the 1990s, 3.72% in the 2000s, and 2.19% thus far this decade (2010 to 2017).
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 recorded under California's average during the 1970s (2.61% vs. 3.66%), fell below California's average during the 1980s (3.45% vs. 3.72%), trailed California's average throughout the 1990s (1.63% vs. 3.15%), surpassed California's average during the 2000s (3.72% vs. 1.59%), and recorded under California's average over the 8 year period of the last decade, 2010-2017 (2.19% vs. 3.58%).
Finally, relative to nationwide real total industry earnings growth trends, Solano County lagged the nation over the 1970s (2.61% vs. 3.13%), outgained the nation during the 1980s (3.45% vs. 2.61%), trailed the nation over the 1990s (1.63% vs. 3.44%), outpaced the nation throughout the 2000s (3.72% vs. 1.47%), and posted below the nation over 2010-2017 (2.19% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.74
2.61
3.45
1.63
3.72
2.19
3.23
 
3.12
3.66
3.72
3.15
1.59
3.58
4.00
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

Tip: 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, 1969-2017
 
1969
 
655,546
0.200
3,275,274
100.0
N
0.88
1970
 
694,348
0.210
3,314,152
101.2
1.19
0.88
1971
 
753,844
0.218
3,451,509
105.4
4.14
0.91
1972
 
798,879
0.226
3,537,054
108.0
2.48
0.87
1973
 
856,752
0.238
3,599,496
109.9
1.77
0.85
1974
 
965,619
0.263
3,674,349
112.2
2.08
0.87
1975
 
1,082,371
0.285
3,801,795
116.1
3.47
0.90
1976
 
1,169,628
0.300
3,894,606
118.9
2.44
0.86
1977
 
1,291,855
0.320
4,038,814
123.3
3.70
0.85
1978
 
1,459,612
0.342
4,266,499
130.3
5.64
0.84
1979
 
1,576,510
0.373
4,232,128
129.2
-0.81
0.80
1980
 
1,692,507
0.413
4,101,854
125.2
-3.08
0.77
1981
 
1,841,251
0.450
4,095,491
125.0
-0.16
0.76
1982
 
1,998,304
0.475
4,210,856
128.6
2.82
0.78
1983
 
2,199,511
0.495
4,445,792
135.7
5.58
0.80
1984
 
2,417,122
0.513
4,707,793
143.7
5.89
0.78
1985
 
2,675,359
0.531
5,035,117
153.7
6.95
0.80
1986
 
2,867,649
0.543
5,282,094
161.3
4.91
0.79
1987
 
3,062,652
0.560
5,472,539
167.1
3.61
0.77
1988
 
3,305,098
0.582
5,683,648
173.5
3.86
0.76
1989
 
3,590,313
0.607
5,915,823
180.6
4.08
0.77
1990
 
3,849,678
0.634
6,076,360
185.5
2.71
0.78
1991
 
3,942,848
0.655
6,022,098
183.9
-0.89
0.77
1992
 
4,233,014
0.672
6,297,441
192.3
4.57
0.79
1993
 
4,391,296
0.689
6,374,174
194.6
1.22
0.80
1994
 
4,214,567
0.703
5,992,559
183.0
-5.99
0.75
1995
 
4,195,194
0.718
5,841,994
178.4
-2.51
0.71
1996
 
4,313,015
0.733
5,880,368
179.5
0.66
0.69
1997
 
4,532,577
0.746
6,073,968
185.4
3.29
0.68
1998
 
4,851,097
0.752
6,449,555
196.9
6.18
0.66
1999
 
5,269,761
0.763
6,903,195
210.8
7.03
0.67
2000
 
5,916,333
0.782
7,562,259
230.9
9.55
0.67
2001
 
6,759,457
0.797
8,477,084
258.8
12.10
0.74
2002
 
7,182,564
0.808
8,890,522
271.4
4.88
0.77
2003
 
7,594,034
0.824
9,220,761
281.5
3.71
0.78
2004
 
7,910,559
0.844
9,371,479
286.1
1.63
0.76
2005
 
8,200,281
0.868
9,446,022
288.4
0.80
0.75
2006
 
8,578,002
0.892
9,619,398
293.7
1.84
0.74
2007
 
8,868,240
0.914
9,698,637
296.1
0.82
0.75
2008
 
9,144,500
0.942
9,709,599
296.5
0.11
0.78
2009
 
9,296,277
0.941
9,879,777
301.6
1.75
0.82
2010
 
9,455,543
0.957
9,879,884
301.7
0.00
0.80
2011
 
9,590,702
0.981
9,773,366
298.4
-1.08
0.77
2012
 
9,978,404
1.000
9,978,404
304.7
2.10
0.75
2013
 
10,444,811
1.013
10,306,091
314.7
3.28
0.76
2014
 
10,866,188
1.029
10,563,234
322.5
2.50
0.75
2015
 
11,348,486
1.031
11,004,486
336.0
4.18
0.74
2016
 
11,853,844
1.042
11,372,230
347.2
3.34
0.74
2017
 
12,452,585
1.061
11,739,637
358.4
3.23
0.73
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 2018
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, 1969-2017
 
1969
 
74,596,842
0.200
372,704,681
100.0
N
11.38
1970
 
78,652,837
0.210
375,413,283
100.7
0.73
11.31
1971
 
82,923,696
0.218
379,669,869
101.9
1.13
11.14
1972
 
91,785,799
0.226
406,383,596
109.0
7.04
11.17
1973
 
101,273,856
0.238
425,484,648
114.2
4.70
10.99
1974
 
111,546,517
0.263
424,454,022
113.9
-0.24
11.19
1975
 
120,788,434
0.285
424,265,662
113.8
-0.04
11.37
1976
 
135,218,030
0.300
450,246,504
120.8
6.12
11.50
1977
 
151,620,482
0.320
474,021,391
127.2
5.28
11.60
1978
 
173,858,217
0.342
508,193,905
136.4
7.21
11.75
1979
 
198,135,895
0.373
531,894,164
142.7
4.66
11.99
1980
 
220,242,675
0.413
533,766,359
143.2
0.35
12.31
1981
 
241,216,098
0.450
536,536,541
144.0
0.52
12.28
1982
 
255,410,267
0.475
538,204,372
144.4
0.31
12.43
1983
 
276,139,806
0.495
558,151,364
149.8
3.71
12.61
1984
 
308,687,441
0.513
601,225,953
161.3
7.72
12.68
1985
 
335,729,989
0.531
631,855,289
169.5
5.09
12.83
1986
 
364,128,449
0.543
670,709,982
180.0
6.15
13.06
1987
 
399,651,401
0.560
714,122,295
191.6
6.47
13.33
1988
 
437,466,113
0.582
752,293,362
201.8
5.35
13.41
1989
 
463,747,587
0.607
764,125,205
205.0
1.57
13.36
1990
 
496,059,684
0.634
782,984,270
210.1
2.47
13.47
1991
 
512,257,042
0.655
782,394,334
209.9
-0.08
13.51
1992
 
537,636,254
0.672
799,839,707
214.6
2.23
13.23
1993
 
547,328,483
0.689
794,473,209
213.2
-0.67
12.90
1994
 
563,637,833
0.703
801,418,787
215.0
0.87
12.63
1995
 
587,778,009
0.718
818,506,927
219.6
2.13
12.55
1996
 
623,807,878
0.733
850,500,202
228.2
3.91
12.56
1997
 
669,623,723
0.746
897,342,271
240.8
5.51
12.64
1998
 
730,421,067
0.752
971,097,994
260.6
8.22
12.77
1999
 
792,289,380
0.763
1,037,870,235
278.5
6.88
12.97
2000
 
882,511,189
0.782
1,128,026,061
302.7
8.69
13.35
2001
 
914,764,493
0.797
1,147,212,738
307.8
1.70
13.32
2002
 
932,151,294
0.808
1,153,809,670
309.6
0.58
13.31
2003
 
973,505,738
0.824
1,182,041,499
317.2
2.45
13.44
2004
 
1,041,454,068
0.844
1,233,789,516
331.0
4.38
13.57
2005
 
1,091,292,119
0.868
1,257,075,196
337.3
1.89
13.57
2006
 
1,154,635,171
0.892
1,294,811,460
347.4
3.00
13.55
2007
 
1,189,611,169
0.914
1,301,003,050
349.1
0.48
13.42
2008
 
1,179,852,814
0.942
1,252,763,659
336.1
-3.71
13.09
2009
 
1,136,583,527
0.941
1,207,923,488
324.1
-3.58
13.08
2010
 
1,186,105,720
0.957
1,239,335,165
332.5
2.60
13.15
2011
 
1,248,829,957
0.981
1,272,615,134
341.5
2.69
13.22
2012
 
1,325,712,700
1.000
1,325,712,700
355.7
4.17
13.39
2013
 
1,374,135,115
1.013
1,355,884,904
363.8
2.28
13.43
2014
 
1,449,542,346
1.029
1,409,128,540
378.1
3.93
13.56
2015
 
1,542,217,651
1.031
1,495,469,281
401.2
6.13
13.88
2016
 
1,603,729,437
1.042
1,538,570,957
412.8
2.88
14.11
2017
 
1,697,321,442
1.061
1,600,144,657
429.3
4.00
14.27
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 2018
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, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
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 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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