Mineral County vs. Nevada
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2019
Introduction
Mineral County:
2019 Earnings = $126,766K
2019 Percent of State = 0.1%
Nevada:
2019 Earnings = $104,920,114K
2019 Percent of State = 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.
Mineral County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Mineral County Total Industry Earnings, 1970-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Mineral 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 Mineral County over time.
When measured in current dollars, Mineral County's total industry earnings increased 391.4%, from $26M in 1970 to $127M in 2019. When measured in constant 2012 dollars to adjust for inflation, it declined -6.3%, from $123M in 1970 to $115M in 2019.
Real Total Industry Earnings, 1969-2019 (Millions)
Real Total Industry Earnings, 1969-2019 (Millions)
Figure 2.
Figure 2 traces Mineral 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, Mineral County's real total industry earnings dropped from $124M in 1969 to $115M in 2019, for a net loss of ($9)M, or -7.3%. In comparison, Nevada's real total industry earnings advanced 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 shows Mineral 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.
Mineral County's overall real total industry earnings growth was -7.3% over 1969-2019 trailed Nevada's increase of 877.2%, and fell below 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 Mineral 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, Mineral County's total industry earnings comprised 1.27% of Nevada's total industry earnings, while in 2019 it equated to 0.12% thereby yielding a -1.15% share-shift.
   
 
Total Industry Earnings Share-Shift
2019 vs. 1969
 
Share-
Shift*
 
2019
vs.
1969
-1.15%
=
0.12%
-
1.27%
 
   
Mineral County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Mineral County Real Total Industry Earnings:
Annual Percent Change, 1970-2019
Figure 5.
Figure 5 displays the short-run pattern of Mineral 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 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, Mineral County's real total industry earnings grew at an annual rate of 0.19% over 1970-2019. The county posted its highest growth in 2008 (19.44%) and recorded its lowest growth in 2012 (-26.40%). In 2019, Mineral County's real total industry earnings grew by 8.09%
Mineral County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2019
Mineral 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 traces the annual percent change in Mineral 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 2010-2019.
During the 1970s, Mineral County's annual real total industry earnings growth rate averaged -0.82%. It averaged 2.41% throughout the 1980s, -0.80% during the 1990s, 1.35% during the 2000s, and -1.18% 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 Mineral County noted in the previous graph with the corresponding decade averages for Nevada and the nation. As the chart reveals, Mineral County's average annual real total industry earnings growth fell below Nevada's average in the 1970s (-0.82% vs. 6.77%), lagged Nevada's average during the 1980s (2.41% vs. 4.48%), lagged Nevada's average in the 1990s (-0.80% vs. 7.64%), recorded under Nevada's average during the 2000s (1.35% vs. 2.17%), and recorded under Nevada's average over the 10 year period of the last decade, 2010-2019 (-1.18% vs. 2.68%).
Finally, relative to nationwide real total industry earnings growth trends, Mineral County trailed the nation in the 1970s (-0.82% vs. 3.13%), trailed the nation over the 1980s (2.41% vs. 2.62%), fell under the nation over the 1990s (-0.80% vs. 3.43%), recorded underneath the nation in the 2000s (1.35% vs. 1.49%), and fell under the nation over 2010-2019 (-1.18% vs. 2.58%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
0.19
-0.82
2.41
-0.80
1.35
-1.18
8.09
 
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
 
   

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

   
 
Mineral County:
Total Industry Earnings, 1969-2019
 
1969
 
24,905
0.200
124,432
100.0
N
1.27
1970
 
25,797
0.210
123,130
99.0
-1.05
1.19
1971
 
28,313
0.218
129,632
104.2
5.28
1.18
1972
 
33,963
0.226
150,372
120.8
16.00
1.27
1973
 
33,524
0.238
140,845
113.2
-6.34
1.09
1974
 
30,501
0.263
116,062
93.3
-17.60
0.91
1975
 
30,821
0.285
108,258
87.0
-6.72
0.84
1976
 
31,515
0.300
104,938
84.3
-3.07
0.75
1977
 
34,086
0.320
106,565
85.6
1.55
0.69
1978
 
38,144
0.342
111,496
89.6
4.63
0.63
1979
 
41,167
0.373
110,512
88.8
-0.88
0.59
1980
 
45,464
0.413
110,184
88.5
-0.30
0.57
1981
 
46,943
0.450
104,415
83.9
-5.24
0.53
1982
 
47,536
0.475
100,169
80.5
-4.07
0.52
1983
 
52,820
0.495
106,763
85.8
6.58
0.55
1984
 
57,049
0.513
111,113
89.3
4.07
0.54
1985
 
55,363
0.531
104,195
83.7
-6.23
0.49
1986
 
56,867
0.543
104,747
84.2
0.53
0.46
1987
 
64,530
0.560
115,306
92.7
10.08
0.47
1988
 
75,668
0.582
130,123
104.6
12.85
0.48
1989
 
83,520
0.607
137,617
110.6
5.76
0.48
1990
 
82,311
0.634
129,920
104.4
-5.59
0.42
1991
 
79,758
0.655
121,818
97.9
-6.24
0.38
1992
 
89,035
0.672
132,457
106.4
8.73
0.38
1993
 
84,578
0.689
122,769
98.7
-7.31
0.33
1994
 
87,515
0.703
124,435
100.0
1.36
0.31
1995
 
92,543
0.718
128,870
103.6
3.56
0.30
1996
 
92,623
0.733
126,282
101.5
-2.01
0.27
1997
 
96,628
0.746
129,488
104.1
2.54
0.26
1998
 
101,092
0.752
134,402
108.0
3.79
0.24
1999
 
95,578
0.763
125,204
100.6
-6.84
0.21
2000
 
90,630
0.782
115,843
93.1
-7.48
0.18
2001
 
81,175
0.797
101,802
81.8
-12.12
0.15
2002
 
83,183
0.808
102,963
82.7
1.14
0.15
2003
 
87,790
0.824
106,596
85.7
3.53
0.15
2004
 
89,097
0.844
105,551
84.8
-0.98
0.14
2005
 
90,415
0.868
104,150
83.7
-1.33
0.13
2006
 
92,259
0.892
103,460
83.1
-0.66
0.12
2007
 
99,053
0.914
108,328
87.1
4.71
0.13
2008
 
121,857
0.942
129,387
104.0
19.44
0.17
2009
 
130,528
0.941
138,721
111.5
7.21
0.19
2010
 
149,888
0.957
156,615
125.9
12.90
0.21
2011
 
135,343
0.981
137,921
110.8
-11.94
0.19
2012
 
101,516
1.000
101,516
81.6
-26.40
0.14
2013
 
97,364
1.013
96,071
77.2
-5.36
0.13
2014
 
101,114
1.028
98,331
79.0
2.35
0.13
2015
 
98,449
1.030
95,542
76.8
-2.84
0.12
2016
 
106,906
1.041
102,675
82.5
7.47
0.12
2017
 
110,018
1.060
103,806
83.4
1.10
0.12
2018
 
115,554
1.082
106,758
85.8
2.84
0.12
2019
 
126,766
1.099
115,398
92.7
8.09
0.12
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
 
   

Tip: 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
 
   

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, 1969-2019
 
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 © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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