Esmeralda County vs. Nevada
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Esmeralda County vs. Nevada
Esmeralda County:
2022 Earnings = $19,929K
2022 Percent of State = 0.02%
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.
Esmeralda County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Esmeralda County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Esmeralda 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 Esmeralda County over time.
When measured in current dollars, Esmeralda County's total industry earnings increased 684.92%, from $3M in 1970 to $20M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 33.70%, from $13M in 1970 to $17M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Esmeralda 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, Esmeralda County's real total industry earnings rose from $13M in 1969 to $17M in 2022, for a net gain of $5M, or 36.09%. In comparison, Nevada's real total industry earnings advanced 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 portrays Esmeralda 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.
Esmeralda County's overall real total industry earnings growth was 36.09% over 1969-2022 trailed Nevada's increase of 994.22%, and fell below 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 contrasting the total industry earnings growth of Esmeralda 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, Esmeralda County's total industry earnings totaled 0.12% of Nevada's total industry earnings, while in 2022 it totaled 0.02% thereby yielding a -0.11% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.11%
=
0.02%
-
0.12%
 
   
Esmeralda County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Esmeralda County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Esmeralda 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, Esmeralda County's real total industry earnings grew at an annual rate of 2.59% over 1970-2022. The county posted its highest growth in 1980 (71.86%) and recorded its lowest growth in 2020 (-34.19%). In 2022, Esmeralda County's real total industry earnings declined by -8.63%
Esmeralda County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Esmeralda 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 shows the annual percent change in Esmeralda 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 2020-2022.
During the 1970s, Esmeralda County's annual real total industry earnings growth rate averaged -0.71%. It averaged 12.59% during the 1980s, 0.66% throughout the 1990s, -4.57% throughout the 2000s, 4.33% throughout the 2010s, 4.81% thus far this decade (2020-2022).

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

   
 
Esmeralda County:
Total Industry Earnings, 1969-2022
 
1969
 
2,383
0.189
12,620
100.0
N
0.12
1970
 
2,539
0.198
12,845
101.8
1.79
0.12
1971
 
2,309
0.206
11,206
88.8
-12.76
0.10
1972
 
2,219
0.213
10,414
82.5
-7.07
0.08
1973
 
2,514
0.225
11,196
88.7
7.51
0.08
1974
 
2,854
0.248
11,511
91.2
2.82
0.09
1975
 
2,958
0.269
11,013
87.3
-4.33
0.08
1976
 
3,432
0.283
12,113
96.0
9.99
0.08
1977
 
2,872
0.302
9,517
75.4
-21.43
0.06
1978
 
4,392
0.323
13,608
107.8
42.97
0.07
1979
 
3,510
0.351
9,988
79.1
-26.60
0.05
1980
 
6,682
0.389
17,165
136.0
71.86
0.08
1981
 
9,931
0.424
23,414
185.5
36.40
0.11
1982
 
11,745
0.448
26,233
207.9
12.04
0.13
1983
 
10,336
0.467
22,144
175.5
-15.59
0.11
1984
 
13,450
0.484
27,767
220.0
25.39
0.13
1985
 
12,412
0.501
24,761
196.2
-10.83
0.11
1986
 
11,846
0.512
23,128
183.3
-6.59
0.10
1987
 
11,313
0.528
21,425
169.8
-7.36
0.08
1988
 
14,477
0.549
26,387
209.1
23.16
0.09
1989
 
14,722
0.573
25,710
203.7
-2.56
0.08
1990
 
12,973
0.598
21,703
172.0
-15.59
0.07
1991
 
15,057
0.618
24,374
193.1
12.31
0.07
1992
 
15,395
0.634
24,275
192.4
-0.41
0.07
1993
 
15,235
0.650
23,438
185.7
-3.44
0.06
1994
 
15,953
0.664
24,042
190.5
2.57
0.06
1995
 
13,438
0.678
19,834
157.2
-17.50
0.04
1996
 
13,203
0.692
19,079
151.2
-3.81
0.04
1997
 
14,960
0.704
21,248
168.4
11.37
0.04
1998
 
14,444
0.710
20,353
161.3
-4.21
0.03
1999
 
18,366
0.720
25,508
202.1
25.33
0.04
2000
 
12,667
0.738
17,159
136.0
-32.73
0.03
2001
 
13,750
0.753
18,260
144.7
6.42
0.03
2002
 
12,688
0.763
16,631
131.8
-8.92
0.02
2003
 
12,418
0.779
15,942
126.3
-4.14
0.02
2004
 
12,110
0.798
15,170
120.2
-4.84
0.02
2005
 
11,902
0.821
14,492
114.8
-4.47
0.02
2006
 
13,440
0.844
15,917
126.1
9.83
0.02
2007
 
11,367
0.866
13,125
104.0
-17.54
0.01
2008
 
14,699
0.892
16,484
130.6
25.60
0.02
2009
 
12,478
0.889
14,033
111.2
-14.87
0.02
2010
 
15,605
0.905
17,240
136.6
22.86
0.02
2011
 
17,142
0.928
18,471
146.4
7.14
0.02
2012
 
20,263
0.945
21,435
169.8
16.04
0.03
2013
 
23,403
0.958
24,434
193.6
13.99
0.03
2014
 
26,240
0.971
27,018
214.1
10.58
0.03
2015
 
21,209
0.973
21,798
172.7
-19.32
0.03
2016
 
19,443
0.983
19,782
156.8
-9.25
0.02
2017
 
18,442
1.000
18,442
146.1
-6.78
0.02
2018
 
13,713
1.020
13,438
106.5
-27.13
0.01
2019
 
18,800
1.035
18,162
143.9
35.15
0.02
2020
 
12,507
1.046
11,953
94.7
-34.19
0.01
2021
 
20,488
1.090
18,796
148.9
57.25
0.02
2022
 
19,929
1.160
17,174
136.1
-8.63
0.02
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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