Adams County vs. Washington
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Adams County vs. Washington
Adams County:
2022 Earnings = $680,054K
2022 Percent of State = 0.16%
Washington:
2022 Earnings = $420,116,387K
2022 Percent of U.S. = 2.76%
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.
Adams County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Adams County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Adams 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 Adams County over time.
When measured in current dollars, Adams County's total industry earnings increased 1,272.21%, from $50M in 1970 to $680M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 133.73%, from $251M in 1970 to $586M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Adams County's and Washington'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, Adams County's real total industry earnings rose from $224M in 1969 to $586M in 2022, for a net gain of $362M, or 162.01%. In comparison, Washington's real total industry earnings increased from $61,879M in 1969 to $362,035M in 2022, for a net advance of $300,156M, or 485.07%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Adams County's real total industry earnings growth in a broader context by offering direct comparisons across time with Washington, 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.
Adams County's overall real total industry earnings growth was 162.01% over 1969-2022 trailed Washington's increase of 485.07%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Washington Total: 1969-2022
Total Industry Earnings as a Percent of the Washington Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Adams County is to compare its individual percentage contributions to Washington'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 Washington's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Adams County's total industry earnings totaled 0.36% of Washington's total industry earnings, while in 2022 it totaled 0.16% thereby yielding a -0.20% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.20%
=
0.16%
-
0.36%
 
   
Adams County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Adams County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Adams 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, Adams County's real total industry earnings grew at an annual rate of 2.55% over 1970-2022. The county recorded its highest growth in 1983 (50.46%) and posted its lowest growth in 1982 (-20.18%). In 2022, Adams County's real total industry earnings grew by 7.56%
Adams County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Adams 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 Adams 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, Adams County's annual real total industry earnings growth rate averaged 2.05%. It averaged 2.30% in the 1980s, 2.32% during the 1990s, 2.55% during the 2000s, 3.01% throughout the 2010s, 4.20% 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 Adams County noted in the previous graph with the corresponding decade averages for Washington and the nation. As the chart reveals, Adams County's average annual real total industry earnings growth trailed Washington's average during the 1970s (2.05% vs. 4.18%), fell below Washington's average in the 1980s (2.30% vs. 2.43%), amounted to less than Washington's average throughout the 1990s (2.32% vs. 5.20%), outgained Washington's average in the 2000s (2.55% vs. 1.48%), posted below Washington's average in the 2010s (3.01% vs. 4.07%), and surpassed Washington's average over the 3 year period of the current decade, 2020-2022 (4.20% vs. 2.80%).
Finally, relative to nationwide real total industry earnings growth trends, Adams County lagged the nation throughout the 1970s (2.05% vs. 3.13%), posted below the nation over the 1980s (2.30% vs. 2.62%), fell under the nation over the 1990s (2.32% vs. 3.43%), outgained the nation in the 2000s (2.55% vs. 1.47%), exceeded the nation in the 2010s (3.01% vs. 2.53%), and topped the nation over 2020-2022 (4.20% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.55
2.05
2.30
2.32
2.55
3.01
4.20
7.56
 
3.43
4.18
2.43
5.20
1.48
4.07
2.80
0.12
 
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.

   
 
Adams County:
Total Industry Earnings, 1969-2022
 
1969
 
42,236
0.189
223,672
100.0
N
0.36
1970
 
49,559
0.198
250,729
112.1
12.10
0.42
1971
 
51,898
0.206
251,871
112.6
0.46
0.42
1972
 
59,230
0.213
277,971
124.3
10.36
0.44
1973
 
72,443
0.225
322,614
144.2
16.06
0.48
1974
 
92,559
0.248
373,327
166.9
15.72
0.54
1975
 
107,049
0.269
398,544
178.2
6.75
0.56
1976
 
93,997
0.283
331,758
148.3
-16.76
0.44
1977
 
86,659
0.302
287,179
128.4
-13.44
0.36
1978
 
93,100
0.323
288,450
129.0
0.44
0.33
1979
 
90,019
0.351
256,151
114.5
-11.20
0.28
1980
 
121,383
0.389
311,814
139.4
21.73
0.34
1981
 
115,034
0.424
271,211
121.3
-13.02
0.29
1982
 
96,923
0.448
216,486
96.8
-20.18
0.24
1983
 
152,034
0.467
325,722
145.6
50.46
0.36
1984
 
138,760
0.484
286,463
128.1
-12.05
0.30
1985
 
125,709
0.501
250,776
112.1
-12.46
0.26
1986
 
152,305
0.512
297,360
132.9
18.58
0.29
1987
 
128,338
0.528
243,055
108.7
-18.26
0.23
1988
 
151,912
0.549
276,883
123.8
13.92
0.25
1989
 
149,509
0.573
261,101
116.7
-5.70
0.22
1990
 
182,373
0.598
305,099
136.4
16.85
0.24
1991
 
171,398
0.618
277,460
124.0
-9.06
0.21
1992
 
185,868
0.634
293,075
131.0
5.63
0.21
1993
 
217,224
0.650
334,191
149.4
14.03
0.24
1994
 
201,471
0.664
303,621
135.7
-9.15
0.21
1995
 
204,054
0.678
301,169
134.6
-0.81
0.21
1996
 
226,962
0.692
327,966
146.6
8.90
0.21
1997
 
218,502
0.704
310,341
138.7
-5.37
0.19
1998
 
236,465
0.710
333,204
149.0
7.37
0.18
1999
 
227,574
0.720
316,071
141.3
-5.14
0.16
2000
 
247,332
0.738
335,038
149.8
6.00
0.17
2001
 
229,622
0.753
304,935
136.3
-8.99
0.15
2002
 
254,767
0.763
333,941
149.3
9.51
0.17
2003
 
278,410
0.779
357,422
159.8
7.03
0.17
2004
 
282,071
0.798
353,353
158.0
-1.14
0.17
2005
 
291,018
0.821
354,351
158.4
0.28
0.16
2006
 
299,491
0.844
354,679
158.6
0.09
0.16
2007
 
349,947
0.866
404,063
180.6
13.92
0.17
2008
 
356,247
0.892
399,514
178.6
-1.13
0.17
2009
 
354,918
0.889
399,139
178.4
-0.09
0.18
2010
 
391,347
0.905
432,361
193.3
8.32
0.19
2011
 
438,457
0.928
472,455
211.2
9.27
0.20
2012
 
456,330
0.945
482,715
215.8
2.17
0.20
2013
 
480,529
0.958
501,696
224.3
3.93
0.20
2014
 
458,772
0.971
472,372
211.2
-5.84
0.18
2015
 
540,759
0.973
555,770
248.5
17.66
0.20
2016
 
471,905
0.983
480,144
214.7
-13.61
0.17
2017
 
466,909
1.000
466,909
208.7
-2.76
0.16
2018
 
482,282
1.020
472,608
211.3
1.22
0.15
2019
 
536,976
1.035
518,752
231.9
9.76
0.16
2020
 
572,170
1.046
546,825
244.5
5.41
0.16
2021
 
593,896
1.090
544,854
243.6
-0.36
0.15
2022
 
680,054
1.160
586,036
262.0
7.56
0.16
Source: Calculations by the Washington Regional Economic Analysis Project (WA-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.

   
 
Washington:
Total Industry Earnings, 1969-2022
 
1969
 
11,684,589
0.189
61,878,880
100.0
N
1.79
1970
 
11,831,246
0.198
59,856,552
96.7
-3.27
1.71
1971
 
12,254,123
0.206
59,471,599
96.1
-0.64
1.65
1972
 
13,319,572
0.213
62,509,724
101.0
5.11
1.63
1973
 
15,158,100
0.225
67,504,342
109.1
7.99
1.65
1974
 
17,064,432
0.248
68,827,621
111.2
1.96
1.72
1975
 
19,018,341
0.269
70,805,439
114.4
2.87
1.80
1976
 
21,322,278
0.283
75,255,984
121.6
6.29
1.82
1977
 
23,909,276
0.302
79,232,755
128.0
5.28
1.83
1978
 
28,178,693
0.323
87,305,406
141.1
10.19
1.91
1979
 
32,521,273
0.351
92,539,832
149.5
6.00
1.97
1980
 
35,850,813
0.389
92,095,183
148.8
-0.48
2.01
1981
 
39,163,355
0.424
92,333,738
149.2
0.26
2.00
1982
 
40,424,144
0.448
90,290,912
145.9
-2.21
1.97
1983
 
42,690,278
0.467
91,460,875
147.8
1.30
1.95
1984
 
45,595,238
0.484
94,129,189
152.1
2.92
1.87
1985
 
48,337,212
0.501
96,427,569
155.8
2.44
1.85
1986
 
52,215,548
0.512
101,945,661
164.8
5.72
1.87
1987
 
55,899,477
0.528
105,866,212
171.1
3.85
1.87
1988
 
61,412,272
0.549
111,933,422
180.9
5.73
1.88
1989
 
67,129,271
0.573
117,233,843
189.5
4.74
1.94
1990
 
74,602,228
0.598
124,805,066
201.7
6.46
2.03
1991
 
80,050,897
0.618
129,586,714
209.4
3.83
2.11
1992
 
87,402,767
0.634
137,815,779
222.7
6.35
2.15
1993
 
91,302,448
0.650
140,465,305
227.0
1.92
2.15
1994
 
95,244,987
0.664
143,536,360
232.0
2.19
2.14
1995
 
99,389,450
0.678
146,691,634
237.1
2.20
2.13
1996
 
106,532,882
0.692
153,942,578
248.8
4.94
2.15
1997
 
115,626,713
0.704
164,226,161
265.4
6.68
2.19
1998
 
128,638,260
0.710
181,264,898
292.9
10.38
2.25
1999
 
139,694,124
0.720
194,016,922
313.5
7.04
2.29
2000
 
148,773,616
0.738
201,530,189
325.7
3.87
2.25
2001
 
151,171,177
0.753
200,753,203
324.4
-0.39
2.20
2002
 
154,039,284
0.763
201,910,165
326.3
0.58
2.20
2003
 
159,146,056
0.779
204,311,059
330.2
1.19
2.20
2004
 
167,535,702
0.798
209,873,479
339.2
2.72
2.18
2005
 
176,977,926
0.821
215,492,988
348.2
2.68
2.20
2006
 
190,023,285
0.844
225,039,419
363.7
4.43
2.23
2007
 
202,974,159
0.866
234,362,302
378.7
4.14
2.29
2008
 
207,957,318
0.892
233,214,442
376.9
-0.49
2.31
2009
 
199,248,966
0.889
224,074,140
362.1
-3.92
2.29
2010
 
204,545,368
0.905
225,982,023
365.2
0.85
2.27
2011
 
214,437,561
0.928
231,064,998
373.4
2.25
2.27
2012
 
228,960,750
0.945
242,199,367
391.4
4.82
2.32
2013
 
239,837,489
0.958
250,401,947
404.7
3.39
2.36
2014
 
252,297,236
0.971
259,776,193
419.8
3.74
2.38
2015
 
266,493,949
0.973
273,891,766
442.6
5.43
2.41
2016
 
280,695,222
0.983
285,596,050
461.5
4.27
2.48
2017
 
300,620,454
1.000
300,620,454
485.8
5.26
2.54
2018
 
324,710,826
1.020
318,197,327
514.2
5.85
2.61
2019
 
345,166,959
1.035
333,452,763
538.9
4.79
2.66
2020
 
359,586,450
1.046
343,657,906
555.4
3.06
2.73
2021
 
394,134,795
1.090
361,588,238
584.3
5.22
2.76
2022
 
420,116,387
1.160
362,035,096
585.1
0.12
2.76
Source: Calculations by the Washington Regional Economic Analysis Project (WA-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 Washington Regional Economic Analysis Project (WA-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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