Clark County vs. Nevada
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2019
Introduction
Clark County vs. Nevada
Clark County:
2019 Earnings = $75,317,611K
2019 Percent of State = 71.8%
Nevada:
2019 Earnings = $104,920,114K
2019 Percent of U.S. = 0.8%
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.
Clark County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Clark County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Clark County's annual total industry earnings over 1970-2019 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 Clark County over time.
When measured in current dollars, Clark County's total industry earnings increased 6,270.0%, from $1,182M in 1970 to $75,318M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 1,114.9%, from $5,644M in 1970 to $68,563M in 2019.
Real Total Industry Earnings, 1969-2019 (Millions)
Real Total Industry Earnings, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Clark County's and Nevada's annual real total industry earnings for the period 1969-2019 to illustrate real total industry earnings patterns over time. During this 51-year period, Clark County's real total industry earnings rose from $5,213M in 1969 to $68,563M in 2019, for a net gain of $63,351M, or 1,215.3%. In comparison, Nevada's real total industry earnings increased from $9,774M in 1969 to $95,511M in 2019, for a net advance of $85,737M, or 877.2%.
Real Total Industry Earnings Indices (1969=100): 1969-2019
Real Total Industry Earnings Indices (1969=100): 1969-2019
Figure 3.
Figure 3 portrays Clark 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.
Clark County's overall real total industry earnings growth was 1,215.3% over 1969-2019 outpaced Nevada's increase of 877.2%, and topped the United States' increase of 264.6%.
Total Industry Earnings as a Percent of the Nevada Total: 1969-2019
Total Industry Earnings as a Percent of the Nevada Total: 1969-2019
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Clark County is to compare 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, Clark County's total industry earnings totaled 53.3% of Nevada's total industry earnings, while in 2019 it comprised 71.8% thereby yielding a +18.5% share-shift.
   
 
Total Industry Earnings Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
+18.45%
=
71.79%
-
53.33%
 
   
Clark County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Clark County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 shows the short-run pattern of Clark County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2019. The average annual percent change for the entire 50-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, Clark County's real total industry earnings grew at an annual rate of 5.39% over 1970-2019. The county posted its highest growth in 1978 (13.05%) and recorded its lowest growth in 2009 (-8.77%). In 2019, Clark County's real total industry earnings grew by 3.73%
Clark County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
Clark County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
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 shows the annual percent change in Clark 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 2010-2019.
During the 1970s, Clark County's annual real total industry earnings growth rate averaged 7.17%. It averaged 5.05% throughout the 1980s, 9.32% during the 1990s, 2.67% in the 2000s, and 2.74% thus far this decade (2010 to 2019).
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 Clark County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Clark County's average annual real total industry earnings growth outpaced Nevada's average in the 1970s (7.17% vs. 6.77%), surpassed Nevada's average during the 1980s (5.05% vs. 4.48%), exceeded Nevada's average during the 1990s (9.32% vs. 7.64%), led Nevada's average during the 2000s (2.67% vs. 2.17%), and surpassed Nevada's average over the 10 year period of the last decade, 2010-2019 (2.74% vs. 2.68%).
Finally, relative to nationwide real total industry earnings growth trends, Clark County recorded above the nation in the 1970s (7.17% vs. 3.13%), outpaced the nation throughout the 1980s (5.05% vs. 2.62%), registered above the nation in the 1990s (9.32% vs. 3.43%), topped the nation during the 2000s (2.67% vs. 1.49%), and led the nation over 2010-2019 (2.74% vs. 2.58%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
5.39
7.17
5.05
9.32
2.67
2.74
3.73
 
4.75
6.77
4.48
7.64
2.17
2.68
3.80
 
2.65
3.13
2.62
3.43
1.49
2.58
2.92
 
   

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

   
 
Clark County:
Total Industry Earnings, 1969-2019
 
1969
 
1,043,314
0.200
5,212,661
100.0
N
53.33
1970
 
1,182,387
0.210
5,643,583
108.3
8.27
54.52
1971
 
1,303,004
0.218
5,965,862
114.4
5.71
54.27
1972
 
1,448,568
0.226
6,413,566
123.0
7.50
54.12
1973
 
1,678,892
0.238
7,053,575
135.3
9.98
54.76
1974
 
1,847,904
0.263
7,031,598
134.9
-0.31
55.41
1975
 
2,040,582
0.285
7,167,482
137.5
1.93
55.46
1976
 
2,338,317
0.300
7,786,085
149.4
8.63
55.49
1977
 
2,726,002
0.320
8,522,485
163.5
9.46
55.22
1978
 
3,296,017
0.342
9,634,378
184.8
13.05
54.78
1979
 
3,857,519
0.373
10,355,478
198.7
7.48
55.43
1980
 
4,370,286
0.413
10,591,552
203.2
2.28
55.09
1981
 
4,922,656
0.450
10,949,455
210.1
3.38
55.58
1982
 
5,105,950
0.475
10,759,335
206.4
-1.74
55.81
1983
 
5,443,982
0.495
11,003,723
211.1
2.27
56.22
1984
 
5,872,219
0.513
11,437,234
219.4
3.94
55.66
1985
 
6,359,424
0.531
11,968,653
229.6
4.65
55.88
1986
 
6,938,858
0.543
12,781,098
245.2
6.79
56.36
1987
 
7,768,872
0.560
13,881,910
266.3
8.61
56.92
1988
 
8,973,330
0.582
15,431,085
296.0
11.16
57.15
1989
 
10,221,437
0.607
16,842,045
323.1
9.14
58.46
1990
 
11,844,537
0.634
18,695,505
358.7
11.00
60.20
1991
 
12,881,029
0.655
19,673,803
377.4
5.23
60.80
1992
 
14,332,202
0.672
21,321,970
409.0
8.38
61.37
1993
 
15,890,815
0.689
23,066,270
442.5
8.18
62.61
1994
 
17,927,531
0.703
25,490,589
489.0
10.51
63.86
1995
 
19,888,285
0.718
27,695,318
531.3
8.65
64.70
1996
 
22,363,803
0.733
30,490,828
584.9
10.09
65.74
1997
 
24,758,979
0.746
33,178,751
636.5
8.82
66.51
1998
 
28,195,566
0.752
37,486,128
719.1
12.98
67.44
1999
 
31,287,600
0.763
40,985,617
786.3
9.34
68.22
2000
 
34,137,110
0.782
43,634,064
837.1
6.46
68.72
2001
 
36,910,650
0.797
46,289,912
888.0
6.09
70.25
2002
 
38,227,321
0.808
47,317,483
907.7
2.22
71.01
2003
 
40,224,059
0.824
48,840,500
937.0
3.22
71.02
2004
 
45,193,024
0.844
53,539,259
1,027.1
9.62
71.89
2005
 
50,644,732
0.868
58,338,400
1,119.2
8.96
72.58
2006
 
54,947,519
0.892
61,618,318
1,182.1
5.62
72.71
2007
 
56,924,318
0.914
62,254,553
1,194.3
1.03
73.36
2008
 
54,072,153
0.942
57,413,626
1,101.4
-7.78
73.29
2009
 
49,283,583
0.941
52,376,967
1,004.8
-8.77
71.31
2010
 
50,042,316
0.957
52,288,089
1,003.1
-0.17
69.97
2011
 
51,750,321
0.981
52,735,956
1,011.7
0.86
70.83
2012
 
53,529,365
1.000
53,529,365
1,026.9
1.50
72.21
2013
 
55,287,300
1.013
54,553,016
1,046.5
1.91
72.66
2014
 
58,098,513
1.028
56,499,575
1,083.9
3.57
72.94
2015
 
61,550,158
1.030
59,732,498
1,145.9
5.72
72.65
2016
 
63,711,054
1.041
61,189,437
1,173.9
2.44
72.75
2017
 
67,290,288
1.060
63,490,987
1,218.0
3.76
72.12
2018
 
71,542,830
1.082
66,097,091
1,268.0
4.10
71.83
2019
 
75,317,611
1.099
68,563,428
1,315.3
3.73
71.79
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 2020
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, 1969-2019
 
1969
 
1,956,307
0.200
9,774,204
100.0
N
0.30
1970
 
2,168,765
0.210
10,351,606
105.9
5.91
0.31
1971
 
2,400,965
0.218
10,992,926
112.5
6.20
0.32
1972
 
2,676,619
0.226
11,850,788
121.2
7.80
0.33
1973
 
3,065,689
0.238
12,879,964
131.8
8.68
0.33
1974
 
3,335,176
0.263
12,690,928
129.8
-1.47
0.34
1975
 
3,679,056
0.285
12,922,571
132.2
1.83
0.35
1976
 
4,214,075
0.300
14,031,949
143.6
8.58
0.36
1977
 
4,936,247
0.320
15,432,524
157.9
9.98
0.38
1978
 
6,017,153
0.342
17,588,358
179.9
13.97
0.41
1979
 
6,959,207
0.373
18,681,933
191.1
6.22
0.42
1980
 
7,933,570
0.413
19,227,304
196.7
2.92
0.44
1981
 
8,856,709
0.450
19,699,962
201.6
2.46
0.45
1982
 
9,148,458
0.475
19,277,769
197.2
-2.14
0.45
1983
 
9,682,670
0.495
19,571,229
200.2
1.52
0.44
1984
 
10,549,369
0.513
20,546,850
210.2
4.98
0.43
1985
 
11,380,848
0.531
21,419,144
219.1
4.25
0.44
1986
 
12,311,330
0.543
22,676,976
232.0
5.87
0.44
1987
 
13,649,066
0.560
24,389,011
249.5
7.55
0.46
1988
 
15,701,386
0.582
27,001,059
276.2
10.71
0.48
1989
 
17,485,134
0.607
28,810,568
294.8
6.70
0.50
1990
 
19,675,098
0.634
31,055,320
317.7
7.79
0.53
1991
 
21,184,739
0.655
32,356,451
331.0
4.19
0.56
1992
 
23,352,868
0.672
34,741,986
355.4
7.37
0.58
1993
 
25,382,517
0.689
36,843,925
377.0
6.05
0.60
1994
 
28,073,289
0.703
39,916,521
408.4
8.34
0.63
1995
 
30,738,496
0.718
42,804,718
437.9
7.24
0.66
1996
 
34,016,971
0.733
46,378,768
474.5
8.35
0.69
1997
 
37,228,162
0.746
49,888,321
510.4
7.57
0.70
1998
 
41,805,772
0.752
55,580,956
568.6
11.41
0.73
1999
 
45,862,373
0.763
60,078,038
614.7
8.09
0.75
2000
 
49,672,836
0.782
63,491,834
649.6
5.68
0.75
2001
 
52,541,924
0.797
65,893,205
674.2
3.78
0.77
2002
 
53,832,018
0.808
66,632,856
681.7
1.12
0.77
2003
 
56,641,413
0.824
68,774,634
703.6
3.21
0.78
2004
 
62,868,066
0.844
74,478,523
762.0
8.29
0.82
2005
 
69,781,044
0.868
80,381,795
822.4
7.93
0.87
2006
 
75,566,961
0.892
84,741,024
867.0
5.42
0.89
2007
 
77,595,255
0.914
84,861,059
868.2
0.14
0.88
2008
 
73,776,095
0.942
78,335,204
801.4
-7.69
0.82
2009
 
69,109,233
0.941
73,447,014
751.4
-6.24
0.80
2010
 
71,517,301
0.957
74,726,818
764.5
1.74
0.79
2011
 
73,058,421
0.981
74,449,889
761.7
-0.37
0.77
2012
 
74,125,264
1.000
74,125,264
758.4
-0.44
0.75
2013
 
76,087,846
1.013
75,077,305
768.1
1.28
0.74
2014
 
79,650,314
1.028
77,458,246
792.5
3.17
0.75
2015
 
84,725,096
1.030
82,223,049
841.2
6.15
0.76
2016
 
87,570,357
1.041
84,104,414
860.5
2.29
0.77
2017
 
93,305,091
1.060
88,036,959
900.7
4.68
0.78
2018
 
99,593,714
1.082
92,012,781
941.4
4.52
0.80
2019
 
104,920,114
1.099
95,511,296
977.2
3.80
0.80
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 2020
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, 1969-2019
 
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
 
11,114,594,000
1.030
10,786,364,916
330.3
3.78
2016
 
11,379,601,000
1.041
10,929,208,325
334.6
1.32
2017
 
11,920,279,000
1.060
11,247,243,924
344.4
2.91
2018
 
12,523,102,000
1.082
11,569,861,141
354.3
2.87
2019
 
13,080,565,000
1.099
11,907,552,048
364.6
2.92
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 2020
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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