La Plata County vs. Colorado
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
La Plata County:
2017 Earnings = $1,898,031K
2017 Percent of State = 0.9%
Colorado:
2017 Earnings = $221,162,417K
2017 Percent of State = 1.9%
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.
La Plata County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
La Plata County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts La Plata County's annual total industry earnings over 1969-2017 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 La Plata County over time.
When measured in current dollars, La Plata County's total industry earnings increased 4,786.3%, from $39M in 1969 to $1,898M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 822.0%, from $194M in 1969 to $1,789M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 traces La Plata County's and Colorado's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, La Plata County's real total industry earnings rose from $194M in 1969 to $1,789M in 2017, for a net gain of $1,595M, or 822.0%. In comparison, Colorado's real total industry earnings advanced from $33,600M in 1969 to $208,500M in 2017, for a net advance of $174,900M, or 520.5%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 shows La Plata County's real total industry earnings growth in a broader context by offering direct comparisons across time with Colorado, 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.
La Plata County's overall real total industry earnings growth was 822.0% over 1969-2017 outpaced Colorado's increase of 520.5%, and outpaced the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the Colorado Total: 1969-2017
Total Industry Earnings as a Percent of the Colorado Total: 1969-2017
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of La Plata County is to trace its individual percentage contributions to Colorado'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 Colorado's total industry earnings, while a declining share shows it grew more slowly.
In 1969, La Plata County's total industry earnings comprised 0.58% of Colorado's total industry earnings, while in 2017 it totaled 0.86% thereby yielding a +0.28% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
+0.28%
=
0.86%
-
0.58%
 
   
La Plata County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
La Plata County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 shows the short-run pattern of La Plata County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, La Plata County's real total industry earnings grew at an annual rate of 4.88% over 1970-2017. The county posted its highest growth in 2013 (25.63%) and posted its lowest growth in 2015 (-10.91%). In 2017, La Plata County's real total industry earnings declined by -2.84%
La Plata County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
La Plata County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 La Plata 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 2010-2017.
During the 1970s, La Plata County's annual real total industry earnings growth rate averaged 7.38%. It averaged 2.63% during the 1980s, 7.41% in the 1990s, 4.49% during the 2000s, and 1.90% thus far this decade (2010 to 2017).
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 La Plata County noted in the previous graph with the corresponding decade averages for Colorado and the nation. As the chart reveals, La Plata County's average annual real total industry earnings growth registered above Colorado's average throughout the 1970s (7.38% vs. 6.05%), outpaced Colorado's average during the 1980s (2.63% vs. 2.49%), registered above Colorado's average throughout the 1990s (7.41% vs. 6.05%), surpassed Colorado's average during the 2000s (4.49% vs. 1.36%), and lagged Colorado's average over the 8 year period of the last decade, 2010-2017 (1.90% vs. 3.66%).
Finally, relative to nationwide real total industry earnings growth trends, La Plata County led the nation throughout the 1970s (7.38% vs. 3.13%), topped the nation in the 1980s (2.63% vs. 2.61%), surpassed the nation over the 1990s (7.41% vs. 3.44%), surpassed the nation in the 2000s (4.49% vs. 1.47%), and lagged the nation over 2010-2017 (1.90% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
4.88
7.38
2.63
7.41
4.49
1.90
-2.84
 
3.93
6.05
2.49
6.05
1.36
3.66
4.88
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

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

   
 
La Plata County:
Total Industry Earnings, 1969-2017
 
1969
 
38,844
0.200
194,074
100.0
N
0.58
1970
 
42,437
0.210
202,554
104.4
4.37
0.57
1971
 
48,179
0.218
220,590
113.7
8.90
0.57
1972
 
55,247
0.226
244,607
126.0
10.89
0.57
1973
 
63,157
0.238
265,343
136.7
8.48
0.57
1974
 
71,627
0.263
272,553
140.4
2.72
0.58
1975
 
82,734
0.285
290,601
149.7
6.62
0.62
1976
 
97,093
0.300
323,298
166.6
11.25
0.65
1977
 
109,667
0.320
342,859
176.7
6.05
0.66
1978
 
128,974
0.342
376,996
194.3
9.96
0.67
1979
 
146,805
0.373
394,097
203.1
4.54
0.66
1980
 
161,565
0.413
391,559
201.8
-0.64
0.64
1981
 
181,887
0.450
404,571
208.5
3.32
0.63
1982
 
194,275
0.475
409,379
210.9
1.19
0.62
1983
 
207,586
0.495
419,586
216.2
2.49
0.62
1984
 
231,092
0.513
450,094
231.9
7.27
0.63
1985
 
244,404
0.531
459,977
237.0
2.20
0.63
1986
 
255,237
0.543
470,136
242.2
2.21
0.64
1987
 
265,738
0.560
474,837
244.7
1.00
0.64
1988
 
291,287
0.582
500,915
258.1
5.49
0.66
1989
 
309,429
0.607
509,852
262.7
1.78
0.66
1990
 
347,897
0.634
549,123
282.9
7.70
0.70
1991
 
385,019
0.655
588,058
303.0
7.09
0.72
1992
 
436,666
0.672
649,627
334.7
10.47
0.75
1993
 
483,673
0.689
702,074
361.8
8.07
0.76
1994
 
550,208
0.703
782,323
403.1
11.43
0.81
1995
 
593,008
0.718
825,790
425.5
5.56
0.82
1996
 
642,007
0.733
875,313
451.0
6.00
0.82
1997
 
690,435
0.746
925,231
476.7
5.70
0.81
1998
 
748,806
0.752
995,541
513.0
7.60
0.78
1999
 
794,226
0.763
1,040,407
536.1
4.51
0.75
2000
 
885,568
0.782
1,131,933
583.2
8.80
0.75
2001
 
905,856
0.797
1,136,041
585.4
0.36
0.74
2002
 
963,230
0.808
1,192,279
614.3
4.95
0.78
2003
 
1,025,124
0.824
1,244,717
641.4
4.40
0.82
2004
 
1,137,430
0.844
1,347,490
694.3
8.26
0.88
2005
 
1,234,953
0.868
1,422,560
733.0
5.57
0.90
2006
 
1,362,458
0.892
1,527,865
787.3
7.40
0.93
2007
 
1,470,574
0.914
1,608,274
828.7
5.26
0.96
2008
 
1,548,808
0.942
1,644,519
847.4
2.25
0.99
2009
 
1,510,522
0.941
1,605,333
827.2
-2.38
1.02
2010
 
1,499,539
0.957
1,566,835
807.3
-2.40
0.99
2011
 
1,499,607
0.981
1,528,168
787.4
-2.47
0.93
2012
 
1,664,717
1.000
1,664,717
857.8
8.94
0.98
2013
 
2,119,474
1.013
2,091,325
1,077.6
25.63
1.15
2014
 
2,276,709
1.029
2,213,233
1,140.4
5.83
1.15
2015
 
2,033,299
1.031
1,971,665
1,015.9
-10.91
0.99
2016
 
1,919,663
1.042
1,841,668
948.9
-6.59
0.93
2017
 
1,898,031
1.061
1,789,363
922.0
-2.84
0.86
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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.

   
 
Colorado:
Total Industry Earnings, 1969-2017
 
1969
 
6,724,983
0.200
33,599,715
100.0
N
1.03
1970
 
7,495,076
0.210
35,774,311
106.5
6.47
1.08
1971
 
8,474,660
0.218
38,801,612
115.5
8.46
1.14
1972
 
9,702,455
0.226
42,957,828
127.9
10.71
1.18
1973
 
11,150,187
0.238
46,845,589
139.4
9.05
1.21
1974
 
12,384,129
0.263
47,123,779
140.3
0.59
1.24
1975
 
13,407,359
0.285
47,092,936
140.2
-0.07
1.26
1976
 
14,859,586
0.300
49,479,176
147.3
5.07
1.26
1977
 
16,688,001
0.320
52,172,829
155.3
5.44
1.28
1978
 
19,387,462
0.342
56,670,258
168.7
8.62
1.31
1979
 
22,397,060
0.373
60,124,721
178.9
6.10
1.36
1980
 
25,291,786
0.413
61,295,589
182.4
1.95
1.41
1981
 
28,774,344
0.450
64,002,723
190.5
4.42
1.47
1982
 
31,263,055
0.475
65,877,982
196.1
2.93
1.52
1983
 
33,361,250
0.495
67,431,883
200.7
2.36
1.52
1984
 
36,517,512
0.513
71,124,617
211.7
5.48
1.50
1985
 
38,581,940
0.531
72,612,527
216.1
2.09
1.47
1986
 
40,006,327
0.543
73,690,048
219.3
1.48
1.43
1987
 
41,440,001
0.560
74,047,604
220.4
0.49
1.38
1988
 
44,054,666
0.582
75,759,086
225.5
2.31
1.35
1989
 
46,634,670
0.607
76,840,781
228.7
1.43
1.34
1990
 
49,768,210
0.634
78,554,510
233.8
2.23
1.35
1991
 
53,152,418
0.655
81,182,194
241.6
3.35
1.40
1992
 
58,313,435
0.672
86,752,708
258.2
6.86
1.43
1993
 
63,401,162
0.689
92,029,789
273.9
6.08
1.49
1994
 
67,828,060
0.703
96,442,571
287.0
4.79
1.52
1995
 
72,747,004
0.718
101,303,427
301.5
5.04
1.55
1996
 
78,681,110
0.733
107,273,894
319.3
5.89
1.58
1997
 
85,371,755
0.746
114,404,078
340.5
6.65
1.61
1998
 
95,558,909
0.752
127,045,986
378.1
11.05
1.67
1999
 
105,294,527
0.763
137,931,996
410.5
8.57
1.72
2000
 
118,060,570
0.782
150,905,055
449.1
9.41
1.79
2001
 
122,914,630
0.797
154,148,123
458.8
2.15
1.79
2002
 
123,161,869
0.808
152,448,810
453.7
-1.10
1.76
2003
 
124,745,200
0.824
151,467,010
450.8
-0.64
1.72
2004
 
129,756,082
0.844
153,719,399
457.5
1.49
1.69
2005
 
137,449,768
0.868
158,330,378
471.2
3.00
1.71
2006
 
146,429,282
0.892
164,206,251
488.7
3.71
1.72
2007
 
153,571,814
0.914
167,951,852
499.9
2.28
1.73
2008
 
156,143,425
0.942
165,792,552
493.4
-1.29
1.73
2009
 
147,498,080
0.941
156,756,095
466.5
-5.45
1.70
2010
 
151,254,289
0.957
158,042,202
470.4
0.82
1.68
2011
 
160,436,754
0.981
163,492,427
486.6
3.45
1.70
2012
 
169,752,960
1.000
169,752,960
505.2
3.83
1.71
2013
 
183,684,587
1.013
181,245,029
539.4
6.77
1.80
2014
 
198,826,875
1.029
193,283,504
575.3
6.64
1.86
2015
 
205,119,926
1.031
198,902,242
592.0
2.91
1.85
2016
 
207,209,497
1.042
198,790,710
591.6
-0.06
1.82
2017
 
221,162,417
1.061
208,500,200
620.5
4.88
1.86
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
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, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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