Burt County vs. Nebraska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Burt County vs. Nebraska
Burt County:
2022 Earnings = $175,496K
2022 Percent of State = 0.20%
Nebraska:
2022 Earnings = $89,974,794K
2022 Percent of U.S. = 0.59%
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.
Burt County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Burt County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Burt 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 Burt County over time.
When measured in current dollars, Burt County's total industry earnings increased 684.80%, from $22M in 1970 to $175M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 33.68%, from $113M in 1970 to $151M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Burt County's and Nebraska'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, Burt County's real total industry earnings rose from $125M in 1969 to $151M in 2022, for a net gain of $26M, or 20.63%. In comparison, Nebraska's real total industry earnings advanced from $23,481M in 1969 to $77,536M in 2022, for a net advance of $54,055M, or 230.20%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Burt County's real total industry earnings growth in a broader context by offering direct comparisons across time with Nebraska, 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.
Burt County's overall real total industry earnings growth was 20.63% over 1969-2022 trailed Nebraska's increase of 230.20%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Burt County is to compare its individual percentage contributions to Nebraska'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 Nebraska's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Burt County's total industry earnings totaled 0.53% of Nebraska's total industry earnings, while in 2022 it equated to 0.20% thereby yielding a -0.34% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.34%
=
0.20%
-
0.53%
 
   
Burt County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Burt County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Burt 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, Burt County's real total industry earnings grew at an annual rate of 1.90% over 1970-2022. The county recorded its highest growth in 1977 (66.73%) and posted its lowest growth in 1976 (-34.03%). In 2022, Burt County's real total industry earnings declined by -17.01%
Burt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Burt 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 depicts the annual percent change in Burt 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, Burt County's annual real total industry earnings growth rate averaged 3.97%. It averaged 0.49% during the 1980s, 1.86% in the 1990s, 1.17% in the 2000s, 2.01% throughout the 2010s, 1.85% 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 Burt County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Burt County's average annual real total industry earnings growth topped Nebraska's average during the 1970s (3.97% vs. 2.98%), amounted to less than Nebraska's average in the 1980s (0.49% vs. 1.55%), amounted to less than Nebraska's average throughout the 1990s (1.86% vs. 3.32%), amounted to less than Nebraska's average throughout the 2000s (1.17% vs. 1.98%), recorded under Nebraska's average throughout the 2010s (2.01% vs. 2.05%), and outgained Nebraska's average over the 3 year period of the current decade, 2020-2022 (1.85% vs. 1.83%).
Finally, relative to nationwide real total industry earnings growth trends, Burt County topped the nation during the 1970s (3.97% vs. 3.13%), fell below the nation in the 1980s (0.49% vs. 2.62%), lagged the nation in the 1990s (1.86% vs. 3.43%), fell under the nation over the 2000s (1.17% vs. 1.47%), fell below the nation over the 2010s (2.01% vs. 2.53%), and exceeded the nation over 2020-2022 (1.85% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.90
3.97
0.49
1.86
1.17
2.01
1.85
-17.01
 
2.35
2.98
1.55
3.32
1.98
2.05
1.83
-0.69
 
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.

   
 
Burt County:
Total Industry Earnings, 1969-2022
 
1969
 
23,674
0.189
125,372
100.0
N
0.53
1970
 
22,362
0.198
113,134
90.2
-9.76
0.48
1971
 
27,719
0.206
134,526
107.3
18.91
0.54
1972
 
30,280
0.213
142,106
113.3
5.64
0.53
1973
 
38,425
0.225
171,120
136.5
20.42
0.57
1974
 
30,140
0.248
121,567
97.0
-28.96
0.44
1975
 
41,323
0.269
153,846
122.7
26.55
0.54
1976
 
28,754
0.283
101,486
80.9
-34.03
0.36
1977
 
51,059
0.302
169,204
135.0
66.73
0.59
1978
 
44,614
0.323
138,227
110.3
-18.31
0.44
1979
 
44,921
0.351
127,823
102.0
-7.53
0.41
1980
 
34,529
0.389
88,700
70.7
-30.61
0.31
1981
 
42,180
0.424
99,446
79.3
12.12
0.33
1982
 
51,196
0.448
114,351
91.2
14.99
0.39
1983
 
40,132
0.467
85,980
68.6
-24.81
0.30
1984
 
43,692
0.484
90,200
71.9
4.91
0.29
1985
 
62,476
0.501
124,633
99.4
38.17
0.38
1986
 
55,106
0.512
107,589
85.8
-13.68
0.33
1987
 
61,815
0.528
117,069
93.4
8.81
0.34
1988
 
63,318
0.549
115,407
92.1
-1.42
0.32
1989
 
63,693
0.573
111,233
88.7
-3.62
0.31
1990
 
60,855
0.598
101,807
81.2
-8.47
0.27
1991
 
64,487
0.618
104,392
83.3
2.54
0.28
1992
 
69,955
0.634
110,304
88.0
5.66
0.28
1993
 
63,432
0.650
97,588
77.8
-11.53
0.25
1994
 
76,265
0.664
114,933
91.7
17.77
0.28
1995
 
67,101
0.678
99,036
79.0
-13.83
0.24
1996
 
91,283
0.692
131,906
105.2
33.19
0.29
1997
 
87,658
0.704
124,502
99.3
-5.61
0.28
1998
 
84,812
0.710
119,509
95.3
-4.01
0.25
1999
 
88,548
0.720
122,982
98.1
2.91
0.25
2000
 
86,078
0.738
116,602
93.0
-5.19
0.23
2001
 
87,490
0.753
116,185
92.7
-0.36
0.22
2002
 
81,372
0.763
106,660
85.1
-8.20
0.20
2003
 
95,941
0.779
123,169
98.2
15.48
0.22
2004
 
97,945
0.798
122,697
97.9
-0.38
0.22
2005
 
98,027
0.821
119,360
95.2
-2.72
0.21
2006
 
85,887
0.844
101,714
81.1
-14.78
0.18
2007
 
101,631
0.866
117,347
93.6
15.37
0.20
2008
 
104,052
0.892
116,689
93.1
-0.56
0.19
2009
 
117,296
0.889
131,910
105.2
13.04
0.22
2010
 
121,533
0.905
134,270
107.1
1.79
0.21
2011
 
162,171
0.928
174,746
139.4
30.15
0.26
2012
 
145,971
0.945
154,411
123.2
-11.64
0.23
2013
 
168,401
0.958
175,819
140.2
13.86
0.26
2014
 
152,444
0.971
156,963
125.2
-10.72
0.22
2015
 
165,431
0.973
170,023
135.6
8.32
0.23
2016
 
142,053
0.983
144,533
115.3
-14.99
0.20
2017
 
134,299
1.000
134,299
107.1
-7.08
0.19
2018
 
134,973
1.020
132,266
105.5
-1.51
0.18
2019
 
153,277
1.035
148,075
118.1
11.95
0.20
2020
 
158,948
1.046
151,907
121.2
2.59
0.20
2021
 
198,633
1.090
182,230
145.4
19.96
0.23
2022
 
175,496
1.160
151,234
120.6
-17.01
0.20
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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.

   
 
Nebraska:
Total Industry Earnings, 1969-2022
 
1969
 
4,433,936
0.189
23,481,099
100.0
N
0.68
1970
 
4,692,643
0.198
23,740,985
101.1
1.11
0.68
1971
 
5,156,088
0.206
25,023,480
106.6
5.40
0.69
1972
 
5,712,919
0.213
26,811,146
114.2
7.14
0.70
1973
 
6,697,739
0.225
29,827,384
127.0
11.25
0.73
1974
 
6,831,868
0.248
27,555,633
117.4
-7.62
0.69
1975
 
7,713,251
0.269
28,716,497
122.3
4.21
0.73
1976
 
8,056,211
0.283
28,434,020
121.1
-0.98
0.69
1977
 
8,671,862
0.302
28,737,613
122.4
1.07
0.67
1978
 
10,185,123
0.323
31,556,336
134.4
9.81
0.69
1979
 
10,918,870
0.351
31,069,829
132.3
-1.54
0.66
1980
 
11,121,283
0.389
28,568,853
121.7
-8.05
0.62
1981
 
12,701,979
0.424
29,946,903
127.5
4.82
0.65
1982
 
13,107,205
0.448
29,276,105
124.7
-2.24
0.64
1983
 
13,511,005
0.467
28,946,364
123.3
-1.13
0.62
1984
 
15,326,676
0.484
31,641,190
134.8
9.31
0.63
1985
 
16,346,215
0.501
32,608,951
138.9
3.06
0.62
1986
 
16,919,830
0.512
33,034,284
140.7
1.30
0.61
1987
 
18,051,187
0.528
34,186,559
145.6
3.49
0.60
1988
 
19,560,386
0.549
35,651,847
151.8
4.29
0.60
1989
 
20,546,317
0.573
35,881,869
152.8
0.65
0.59
1990
 
22,198,295
0.598
37,136,420
158.2
3.50
0.60
1991
 
22,977,372
0.618
37,195,862
158.4
0.16
0.61
1992
 
24,558,018
0.634
38,722,829
164.9
4.11
0.61
1993
 
25,304,841
0.650
38,930,525
165.8
0.54
0.60
1994
 
27,063,746
0.664
40,785,680
173.7
4.77
0.61
1995
 
28,227,016
0.678
41,661,033
177.4
2.15
0.60
1996
 
31,030,006
0.692
44,839,105
191.0
7.63
0.63
1997
 
31,797,165
0.704
45,161,937
192.3
0.72
0.60
1998
 
33,762,107
0.710
47,574,375
202.6
5.34
0.59
1999
 
35,720,571
0.720
49,611,215
211.3
4.28
0.59
2000
 
37,537,815
0.738
50,849,090
216.6
2.50
0.57
2001
 
39,445,872
0.753
52,383,565
223.1
3.02
0.57
2002
 
40,307,450
0.763
52,833,821
225.0
0.86
0.58
2003
 
43,119,379
0.779
55,356,483
235.7
4.77
0.60
2004
 
45,510,273
0.798
57,011,128
242.8
2.99
0.59
2005
 
46,934,155
0.821
57,148,264
243.4
0.24
0.58
2006
 
48,301,478
0.844
57,202,129
243.6
0.09
0.57
2007
 
51,468,782
0.866
59,427,970
253.1
3.89
0.58
2008
 
53,536,371
0.892
60,038,545
255.7
1.03
0.59
2009
 
53,618,075
0.889
60,298,552
256.8
0.43
0.62
2010
 
56,568,186
0.905
62,496,615
266.2
3.65
0.63
2011
 
63,457,392
0.928
68,377,863
291.2
9.41
0.67
2012
 
64,104,132
0.945
67,810,663
288.8
-0.83
0.65
2013
 
65,634,545
0.958
68,525,642
291.8
1.05
0.64
2014
 
69,267,208
0.971
71,320,526
303.7
4.08
0.65
2015
 
71,587,004
0.973
73,574,244
313.3
3.16
0.65
2016
 
70,096,436
0.983
71,320,292
303.7
-3.06
0.62
2017
 
71,216,731
1.000
71,216,731
303.3
-0.15
0.60
2018
 
73,855,652
1.020
72,374,153
308.2
1.63
0.59
2019
 
76,053,319
1.035
73,472,239
312.9
1.52
0.59
2020
 
78,087,474
1.046
74,628,446
317.8
1.57
0.59
2021
 
85,101,976
1.090
78,074,491
332.5
4.62
0.60
2022
 
89,974,794
1.160
77,535,736
330.2
-0.69
0.59
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-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 Nebraska Regional Economic Analysis Project (NE-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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