Churchill County vs. Nevada
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Churchill County vs. Nevada
Churchill County:
2022 Earnings = $907,784K
2022 Percent of State = 0.69%
Nevada:
2022 Earnings = $131,549,693K
2022 Percent of U.S. = 0.87%
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.
Churchill County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Churchill County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Churchill County's annual total industry earnings over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Churchill County over time.
When measured in current dollars, Churchill County's total industry earnings increased 2,837.43%, from $31M in 1970 to $908M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 400.34%, from $156M in 1970 to $782M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Churchill County's and Nevada's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Churchill County's real total industry earnings rose from $133M in 1969 to $782M in 2022, for a net gain of $649M, or 488.78%. In comparison, Nevada's real total industry earnings increased from $10,360M in 1969 to $113,363M in 2022, for a net gain of $103,003M, or 994.22%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Churchill County's real total industry earnings growth in a broader context by offering direct comparisons across time with Nevada, 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.
Churchill County's overall real total industry earnings growth was 488.78% over 1969-2022 trailed Nevada's increase of 994.22%, and topped the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Nevada Total: 1969-2022
Total Industry Earnings as a Percent of the Nevada Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Churchill County is to trace its individual percentage contributions to Nevada'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 Nevada's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Churchill County's total industry earnings comprised 1.28% of Nevada's total industry earnings, while in 2022 it totaled 0.69% thereby yielding a -0.59% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.59%
=
0.69%
-
1.28%
 
   
Churchill County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Churchill County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Churchill County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-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, Churchill County's real total industry earnings grew at an annual rate of 3.60% over 1970-2022. The county recorded its highest growth in 1972 (17.76%) and recorded its lowest growth in 1975 (-16.08%). In 2022, Churchill County's real total industry earnings declined by -2.35%
Churchill County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Churchill County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
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 Churchill 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 2020-2022.
During the 1970s, Churchill County's annual real total industry earnings growth rate averaged 4.60%. It averaged 5.28% during the 1980s, 5.69% in the 1990s, 0.75% in the 2000s, 1.72% in the 2010s, 3.41% thus far this decade (2020-2022).
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 Churchill County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Churchill County's average annual real total industry earnings growth fell below Nevada's average in the 1970s (4.60% vs. 6.77%), topped Nevada's average in the 1980s (5.28% vs. 4.48%), posted below Nevada's average in the 1990s (5.69% vs. 7.64%), posted below Nevada's average in the 2000s (0.75% vs. 2.13%), recorded under Nevada's average in the 2010s (1.72% vs. 2.89%), and amounted to less than Nevada's average over the 3 year period of the current decade, 2020-2022 (3.41% vs. 3.42%).
Finally, relative to nationwide real total industry earnings growth trends, Churchill County outgained the nation during the 1970s (4.60% vs. 3.13%), outgained the nation over the 1980s (5.28% vs. 2.62%), recorded above the nation over the 1990s (5.69% vs. 3.43%), posted below the nation over the 2000s (0.75% vs. 1.47%), posted below the nation in the 2010s (1.72% vs. 2.53%), and topped the nation over 2020-2022 (3.41% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.60
4.60
5.28
5.69
0.75
1.72
3.41
-2.35
 
4.71
6.77
4.48
7.64
2.13
2.89
3.42
4.35
 
2.57
3.13
2.62
3.43
1.47
2.53
1.48
0.05
 
   

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

   
 
Churchill County:
Total Industry Earnings, 1969-2022
 
1969
 
25,089
0.189
132,866
100.0
N
1.28
1970
 
30,904
0.198
156,349
117.7
17.67
1.42
1971
 
35,093
0.206
170,313
128.2
8.93
1.46
1972
 
42,734
0.213
200,554
150.9
17.76
1.60
1973
 
50,113
0.225
223,171
168.0
11.28
1.63
1974
 
49,039
0.248
197,794
148.9
-11.37
1.47
1975
 
44,582
0.269
165,979
124.9
-16.08
1.21
1976
 
49,137
0.283
173,427
130.5
4.49
1.17
1977
 
53,953
0.302
178,794
134.6
3.10
1.09
1978
 
62,813
0.323
194,612
146.5
8.85
1.04
1979
 
69,308
0.351
197,217
148.4
1.34
1.00
1980
 
80,584
0.389
207,008
155.8
4.96
1.02
1981
 
86,456
0.424
203,834
153.4
-1.53
0.98
1982
 
88,036
0.448
196,636
148.0
-3.53
0.96
1983
 
96,129
0.467
205,950
155.0
4.74
0.99
1984
 
110,183
0.484
227,468
171.2
10.45
1.04
1985
 
125,633
0.501
250,624
188.6
10.18
1.10
1986
 
136,269
0.512
266,052
200.2
6.16
1.11
1987
 
162,022
0.528
306,848
230.9
15.33
1.19
1988
 
178,727
0.549
325,758
245.2
6.16
1.14
1989
 
186,404
0.573
325,534
245.0
-0.07
1.07
1990
 
194,197
0.598
324,880
244.5
-0.20
0.99
1991
 
217,090
0.618
351,426
264.5
8.17
1.02
1992
 
242,194
0.634
381,889
287.4
8.67
1.04
1993
 
270,189
0.650
415,675
312.9
8.85
1.06
1994
 
291,642
0.664
439,511
330.8
5.73
1.04
1995
 
299,784
0.678
442,459
333.0
0.67
0.98
1996
 
333,757
0.692
482,287
363.0
9.00
0.98
1997
 
356,477
0.704
506,309
381.1
4.98
0.96
1998
 
398,817
0.710
561,975
423.0
10.99
0.95
1999
 
404,853
0.720
562,288
423.2
0.06
0.88
2000
 
418,941
0.738
567,502
427.1
0.93
0.84
2001
 
396,426
0.753
526,448
396.2
-7.23
0.75
2002
 
415,015
0.763
543,989
409.4
3.33
0.77
2003
 
446,341
0.779
573,011
431.3
5.33
0.79
2004
 
489,784
0.798
613,557
461.8
7.08
0.78
2005
 
526,036
0.821
640,515
482.1
4.39
0.75
2006
 
538,552
0.844
637,793
480.0
-0.43
0.71
2007
 
545,472
0.866
629,824
474.0
-1.25
0.70
2008
 
560,278
0.892
628,326
472.9
-0.24
0.76
2009
 
533,760
0.889
600,263
451.8
-4.47
0.77
2010
 
552,306
0.905
610,188
459.3
1.65
0.77
2011
 
554,564
0.928
597,565
449.8
-2.07
0.76
2012
 
561,669
0.945
594,145
447.2
-0.57
0.76
2013
 
561,490
0.958
586,223
441.2
-1.33
0.74
2014
 
571,956
0.971
588,911
443.2
0.46
0.72
2015
 
586,483
0.973
602,764
453.7
2.35
0.70
2016
 
612,766
0.983
623,465
469.2
3.43
0.71
2017
 
671,396
1.000
671,396
505.3
7.69
0.72
2018
 
696,705
1.020
682,730
513.8
1.69
0.70
2019
 
734,087
1.035
709,174
533.8
3.87
0.69
2020
 
790,284
1.046
755,277
568.5
6.50
0.76
2021
 
873,173
1.090
801,069
602.9
6.06
0.74
2022
 
907,784
1.160
782,282
588.8
-2.35
0.69
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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.

   
 
Nevada:
Total Industry Earnings, 1969-2022
 
1969
 
1,956,307
0.189
10,360,149
100.0
N
0.30
1970
 
2,168,765
0.198
10,972,200
105.9
5.91
0.31
1971
 
2,400,965
0.206
11,652,342
112.5
6.20
0.32
1972
 
2,676,619
0.213
12,561,568
121.2
7.80
0.33
1973
 
3,065,689
0.225
13,652,590
131.8
8.69
0.33
1974
 
3,335,176
0.248
13,452,087
129.8
-1.47
0.34
1975
 
3,679,056
0.269
13,697,156
132.2
1.82
0.35
1976
 
4,214,075
0.283
14,873,381
143.6
8.59
0.36
1977
 
4,936,247
0.302
16,358,189
157.9
9.98
0.38
1978
 
6,017,153
0.323
18,642,809
179.9
13.97
0.41
1979
 
6,959,207
0.351
19,802,541
191.1
6.22
0.42
1980
 
7,933,570
0.389
20,380,112
196.7
2.92
0.44
1981
 
8,856,709
0.424
20,881,077
201.6
2.46
0.45
1982
 
9,148,458
0.448
20,433,892
197.2
-2.14
0.45
1983
 
9,682,670
0.467
20,744,430
200.2
1.52
0.44
1984
 
10,549,369
0.484
21,778,668
210.2
4.99
0.43
1985
 
11,380,848
0.501
22,703,575
219.1
4.25
0.44
1986
 
12,311,330
0.512
24,036,647
232.0
5.87
0.44
1987
 
13,649,066
0.528
25,849,525
249.5
7.54
0.46
1988
 
15,701,386
0.549
28,618,219
276.2
10.71
0.48
1989
 
17,485,134
0.573
30,535,852
294.7
6.70
0.50
1990
 
19,675,098
0.598
32,915,262
317.7
7.79
0.53
1991
 
21,184,739
0.618
34,293,941
331.0
4.19
0.56
1992
 
23,352,868
0.634
36,822,561
355.4
7.37
0.58
1993
 
25,382,517
0.650
39,050,026
376.9
6.05
0.60
1994
 
28,073,289
0.664
42,307,085
408.4
8.34
0.63
1995
 
30,738,496
0.678
45,367,795
437.9
7.23
0.66
1996
 
34,016,971
0.692
49,155,342
474.5
8.35
0.69
1997
 
37,228,162
0.704
52,875,654
510.4
7.57
0.70
1998
 
41,805,772
0.710
58,908,749
568.6
11.41
0.73
1999
 
45,862,373
0.720
63,696,856
614.8
8.13
0.75
2000
 
49,672,836
0.738
67,287,307
649.5
5.64
0.75
2001
 
52,541,924
0.753
69,774,938
673.5
3.70
0.77
2002
 
53,821,316
0.763
70,547,399
680.9
1.11
0.77
2003
 
56,630,044
0.779
72,701,420
701.7
3.05
0.78
2004
 
62,854,674
0.798
78,738,615
760.0
8.30
0.82
2005
 
69,767,266
0.821
84,950,462
820.0
7.89
0.87
2006
 
75,563,080
0.844
89,487,305
863.8
5.34
0.89
2007
 
77,588,396
0.866
89,586,749
864.7
0.11
0.88
2008
 
73,779,720
0.892
82,740,518
798.6
-7.64
0.82
2009
 
68,985,171
0.889
77,580,291
748.8
-6.24
0.79
2010
 
71,328,708
0.905
78,804,061
760.6
1.58
0.79
2011
 
72,772,816
0.928
78,415,603
756.9
-0.49
0.77
2012
 
73,886,382
0.945
78,158,527
754.4
-0.33
0.75
2013
 
75,805,403
0.958
79,144,510
763.9
1.26
0.74
2014
 
78,967,964
0.971
81,308,846
784.8
2.73
0.74
2015
 
84,114,412
0.973
86,449,411
834.4
6.32
0.76
2016
 
86,839,579
0.983
88,355,764
852.8
2.21
0.77
2017
 
92,742,368
1.000
92,742,368
895.2
4.96
0.78
2018
 
99,135,243
1.020
97,146,651
937.7
4.75
0.80
2019
 
106,496,996
1.035
102,882,726
993.1
5.90
0.82
2020
 
103,872,203
1.046
99,270,992
958.2
-3.51
0.79
2021
 
118,415,231
1.090
108,636,830
1,048.6
9.43
0.83
2022
 
131,549,693
1.160
113,362,885
1,094.2
4.35
0.87
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
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, 1969-2022
 
1969
 
653,665,000
0.189
3,461,658,635
100.0
N
1970
 
693,352,000
0.198
3,507,801,275
101.3
1.33
1971
 
742,094,000
0.206
3,601,523,902
104.0
2.67
1972
 
819,646,000
0.213
3,846,658,532
111.1
6.81
1973
 
918,964,000
0.225
4,092,469,383
118.2
6.39
1974
 
993,909,000
0.248
4,008,829,105
115.8
-2.04
1975
 
1,059,492,000
0.269
3,944,497,394
113.9
-1.60
1976
 
1,173,271,000
0.283
4,141,005,188
119.6
4.98
1977
 
1,303,767,000
0.302
4,320,542,816
124.8
4.34
1978
 
1,476,080,000
0.323
4,573,305,242
132.1
5.85
1979
 
1,648,363,000
0.351
4,690,444,754
135.5
2.56
1980
 
1,784,597,000
0.389
4,584,353,165
132.4
-2.26
1981
 
1,961,173,000
0.424
4,623,772,250
133.6
0.86
1982
 
2,053,729,000
0.448
4,587,185,902
132.5
-0.79
1983
 
2,188,018,000
0.467
4,687,672,466
135.4
2.19
1984
 
2,432,402,000
0.484
5,021,577,654
145.1
7.12
1985
 
2,615,791,000
0.501
5,218,223,348
150.7
3.92
1986
 
2,786,901,000
0.512
5,441,146,840
157.2
4.27
1987
 
2,996,000,000
0.528
5,674,027,499
163.9
4.28
1988
 
3,259,979,000
0.549
5,941,819,010
171.6
4.72
1989
 
3,467,027,000
0.573
6,054,778,994
174.9
1.90
1990
 
3,679,460,000
0.598
6,155,516,520
177.8
1.66
1991
 
3,789,428,000
0.618
6,134,341,309
177.2
-0.34
1992
 
4,059,023,000
0.634
6,400,225,481
184.9
4.33
1993
 
4,237,437,000
0.650
6,519,133,846
188.3
1.86
1994
 
4,456,948,000
0.664
6,716,721,924
194.0
3.03
1995
 
4,674,849,000
0.678
6,899,738,761
199.3
2.72
1996
 
4,956,180,000
0.692
7,161,799,344
206.9
3.80
1997
 
5,288,047,000
0.704
7,510,683,597
217.0
4.87
1998
 
5,707,014,000
0.710
8,041,785,619
232.3
7.07
1999
 
6,098,042,000
0.720
8,469,385,147
244.7
5.32
2000
 
6,598,743,000
0.738
8,938,721,519
258.2
5.54
2001
 
6,865,291,000
0.753
9,117,010,172
263.4
1.99
2002
 
7,001,002,000
0.763
9,176,707,606
265.1
0.65
2003
 
7,243,377,000
0.779
9,299,017,896
268.6
1.33
2004
 
7,674,785,000
0.798
9,614,272,113
277.7
3.39
2005
 
8,039,238,000
0.821
9,788,788,097
282.8
1.82
2006
 
8,519,349,000
0.844
10,089,233,775
291.5
3.07
2007
 
8,866,261,000
0.866
10,237,349,175
295.7
1.47
2008
 
9,014,085,000
0.892
10,108,876,304
292.0
-1.25
2009
 
8,688,913,000
0.889
9,771,497,172
282.3
-3.34
2010
 
9,023,916,000
0.905
9,969,635,637
288.0
2.03
2011
 
9,444,387,000
0.928
10,176,702,513
294.0
2.08
2012
 
9,854,834,000
0.945
10,424,645,101
301.1
2.44
2013
 
10,180,570,000
0.958
10,629,007,841
307.0
1.96
2014
 
10,613,874,000
0.971
10,928,505,678
315.7
2.82
2015
 
11,039,821,000
0.973
11,346,284,134
327.8
3.82
2016
 
11,311,477,000
0.983
11,508,970,941
332.5
1.43
2017
 
11,848,205,000
1.000
11,848,205,000
342.3
2.95
2018
 
12,438,590,000
1.020
12,189,079,542
352.1
2.88
2019
 
12,989,097,000
1.035
12,548,276,062
362.5
2.95
2020
 
13,158,025,000
1.046
12,575,166,053
363.3
0.21
2021
 
14,278,043,000
1.090
13,099,001,844
378.4
4.17
2022
 
15,207,952,000
1.160
13,105,445,395
378.6
0.05
Source: Calculations by the Nevada Regional Economic Analysis Project (NV-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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