Eureka County vs. Nevada
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2019
Introduction
Eureka County vs. Nevada
Eureka County:
2019 Earnings = $581,554K
2019 Percent of State = 0.6%
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.
Eureka County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Eureka County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Eureka 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 Eureka County over time.
When measured in current dollars, Eureka County's total industry earnings increased 11,179.2%, from $5M in 1970 to $582M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 2,051.2%, from $25M in 1970 to $529M in 2019.
Real Total Industry Earnings, 1969-2019 (Millions)
Real Total Industry Earnings, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Eureka 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, Eureka County's real total industry earnings rose from $31M in 1969 to $529M in 2019, for a net gain of $498M, or 1,594.5%. In comparison, Nevada's real total industry earnings advanced from $9,774M in 1969 to $95,511M in 2019, for a net gain 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 shows Eureka 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.
Eureka County's overall real total industry earnings growth was 1,594.5% 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 Eureka 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, Eureka County's total industry earnings totaled 0.32% of Nevada's total industry earnings, while in 2019 it comprised 0.55% thereby yielding a +0.23% share-shift.
   
 
Total Industry Earnings Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
+0.23%
=
0.55%
-
0.32%
 
   
Eureka County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Eureka County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 highlights the short-run pattern of Eureka 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, Eureka County's real total industry earnings grew at an annual rate of 7.50% over 1970-2019. The county recorded its highest growth in 1988 (142.60%) and posted its lowest growth in 2001 (-27.39%). In 2019, Eureka County's real total industry earnings grew by 1.69%
Eureka County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
Eureka 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 depicts the annual percent change in Eureka 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, Eureka County's annual real total industry earnings growth rate averaged 1.53%. It averaged 28.40% throughout the 1980s, 5.41% throughout the 1990s, 1.02% during the 2000s, and 1.14% 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 Eureka County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Eureka County's average annual real total industry earnings growth trailed Nevada's average throughout the 1970s (1.53% vs. 6.77%), outgained Nevada's average throughout the 1980s (28.40% vs. 4.48%), posted below Nevada's average during the 1990s (5.41% vs. 7.64%), amounted to less than Nevada's average during the 2000s (1.02% vs. 2.17%), and trailed Nevada's average over the 10 year period of the last decade, 2010-2019 (1.14% vs. 2.68%).
Finally, relative to nationwide real total industry earnings growth trends, Eureka County recorded underneath the nation over the 1970s (1.53% vs. 3.13%), outpaced the nation over the 1980s (28.40% vs. 2.62%), outpaced the nation during the 1990s (5.41% vs. 3.43%), posted below the nation during the 2000s (1.02% vs. 1.49%), and trailed the nation over 2010-2019 (1.14% vs. 2.58%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
7.50
1.53
28.40
5.41
1.02
1.14
1.69
 
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.

   
 
Eureka County:
Total Industry Earnings, 1969-2019
 
1969
 
6,253
0.200
31,242
100.0
N
0.32
1970
 
5,156
0.210
24,610
78.8
-21.23
0.24
1971
 
5,363
0.218
24,555
78.6
-0.22
0.22
1972
 
6,166
0.226
27,300
87.4
11.18
0.23
1973
 
6,630
0.238
27,855
89.2
2.03
0.22
1974
 
6,197
0.263
23,581
75.5
-15.34
0.19
1975
 
6,740
0.285
23,674
75.8
0.40
0.18
1976
 
7,535
0.300
25,090
80.3
5.98
0.18
1977
 
8,585
0.320
26,840
85.9
6.97
0.17
1978
 
10,181
0.342
29,759
95.3
10.88
0.17
1979
 
12,713
0.373
34,128
109.2
14.68
0.18
1980
 
14,967
0.413
36,273
116.1
6.29
0.19
1981
 
16,717
0.450
37,184
119.0
2.51
0.19
1982
 
15,942
0.475
33,593
107.5
-9.66
0.17
1983
 
18,071
0.495
36,526
116.9
8.73
0.19
1984
 
22,298
0.513
43,429
139.0
18.90
0.21
1985
 
33,970
0.531
63,933
204.6
47.21
0.30
1986
 
37,466
0.543
69,011
220.9
7.94
0.30
1987
 
53,834
0.560
96,194
307.9
39.39
0.39
1988
 
135,703
0.582
233,363
747.0
142.60
0.86
1989
 
170,120
0.607
280,310
897.2
20.12
0.97
1990
 
192,663
0.634
304,101
973.4
8.49
0.98
1991
 
198,824
0.655
303,673
972.0
-0.14
0.94
1992
 
228,380
0.672
339,760
1,087.5
11.88
0.98
1993
 
257,851
0.689
374,283
1,198.0
10.16
1.02
1994
 
303,661
0.703
431,766
1,382.0
15.36
1.08
1995
 
287,973
0.718
401,015
1,283.6
-7.12
0.94
1996
 
320,404
0.733
436,839
1,398.3
8.93
0.94
1997
 
330,207
0.746
442,500
1,416.4
1.30
0.89
1998
 
356,557
0.752
474,044
1,517.4
7.13
0.85
1999
 
355,207
0.763
465,308
1,489.4
-1.84
0.77
2000
 
381,820
0.782
488,042
1,562.2
4.89
0.77
2001
 
282,571
0.797
354,374
1,134.3
-27.39
0.54
2002
 
276,817
0.808
342,642
1,096.8
-3.31
0.51
2003
 
282,367
0.824
342,853
1,097.4
0.06
0.50
2004
 
299,240
0.844
354,504
1,134.7
3.40
0.48
2005
 
310,587
0.868
357,770
1,145.2
0.92
0.45
2006
 
381,805
0.892
428,157
1,370.5
19.67
0.51
2007
 
454,588
0.914
497,154
1,591.3
16.11
0.59
2008
 
431,918
0.942
458,609
1,467.9
-7.75
0.59
2009
 
447,037
0.941
475,096
1,520.7
3.60
0.65
2010
 
444,510
0.957
464,458
1,486.7
-2.24
0.62
2011
 
464,668
0.981
473,518
1,515.7
1.95
0.64
2012
 
491,865
1.000
491,865
1,574.4
3.87
0.66
2013
 
513,686
1.013
506,864
1,622.4
3.05
0.68
2014
 
491,492
1.028
477,966
1,529.9
-5.70
0.62
2015
 
522,266
1.030
506,843
1,622.3
6.04
0.62
2016
 
527,639
1.041
506,756
1,622.1
-0.02
0.60
2017
 
546,521
1.060
515,664
1,650.6
1.76
0.59
2018
 
563,500
1.082
520,607
1,666.4
0.96
0.57
2019
 
581,554
1.099
529,403
1,694.5
1.69
0.55
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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