Merrick County vs. Nebraska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Merrick County vs. Nebraska
Merrick County:
2022 Earnings = $198,564K
2022 Percent of State = 0.22%
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.
Merrick County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Merrick County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Merrick 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 Merrick County over time.
When measured in current dollars, Merrick County's total industry earnings increased 997.16%, from $18M in 1970 to $199M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 86.88%, from $92M in 1970 to $171M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Merrick 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, Merrick County's real total industry earnings rose from $92M in 1969 to $171M in 2022, for a net gain of $79M, or 85.27%. In comparison, Nebraska's real total industry earnings increased 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 shows Merrick 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.
Merrick County's overall real total industry earnings growth was 85.27% 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 highlighting the total industry earnings growth of Merrick 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, Merrick County's total industry earnings totaled 0.39% of Nebraska's total industry earnings, while in 2022 it totaled 0.22% thereby yielding a -0.17% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.17%
=
0.22%
-
0.39%
 
   
Merrick County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Merrick County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Merrick 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 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, Merrick County's real total industry earnings grew at an annual rate of 2.28% over 1970-2022. The county posted its highest growth in 1978 (50.60%) and posted its lowest growth in 1980 (-34.05%). In 2022, Merrick County's real total industry earnings declined by -9.35%
Merrick County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Merrick 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 Merrick 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, 2010s, and 2020-2022.
During the 1970s, Merrick County's annual real total industry earnings growth rate averaged 2.54%. It averaged 5.10% in the 1980s, -1.36% throughout the 1990s, 3.44% throughout the 2000s, 2.89% in the 2010s, -1.71% 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 Merrick County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Merrick County's average annual real total industry earnings growth fell below Nebraska's average throughout the 1970s (2.54% vs. 2.98%), surpassed Nebraska's average in the 1980s (5.10% vs. 1.55%), amounted to less than Nebraska's average in the 1990s (-1.36% vs. 3.32%), led Nebraska's average in the 2000s (3.44% vs. 1.98%), led Nebraska's average during the 2010s (2.89% vs. 2.05%), and fell below Nebraska's average over the 3 year period of the current decade, 2020-2022 (-1.71% vs. 1.83%).
Finally, relative to nationwide real total industry earnings growth trends, Merrick County posted below the nation over the 1970s (2.54% vs. 3.13%), outpaced the nation during the 1980s (5.10% vs. 2.62%), posted below the nation during the 1990s (-1.36% vs. 3.43%), outperformed the nation in the 2000s (3.44% vs. 1.47%), topped the nation throughout the 2010s (2.89% vs. 2.53%), and trailed the nation over 2020-2022 (-1.71% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.28
2.54
5.10
-1.36
3.44
2.89
-1.71
-9.35
 
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.

   
 
Merrick County:
Total Industry Earnings, 1969-2022
 
1969
 
17,440
0.189
92,358
100.0
N
0.39
1970
 
18,098
0.198
91,561
99.1
-0.86
0.39
1971
 
18,820
0.206
91,337
98.9
-0.24
0.37
1972
 
20,882
0.213
98,001
106.1
7.30
0.37
1973
 
27,659
0.225
123,175
133.4
25.69
0.41
1974
 
29,474
0.248
118,880
128.7
-3.49
0.43
1975
 
33,639
0.269
125,238
135.6
5.35
0.44
1976
 
30,351
0.283
107,122
116.0
-14.47
0.38
1977
 
25,677
0.302
85,091
92.1
-20.57
0.30
1978
 
41,360
0.323
128,145
138.7
50.60
0.41
1979
 
34,290
0.351
97,573
105.6
-23.86
0.31
1980
 
25,049
0.389
64,347
69.7
-34.05
0.23
1981
 
39,944
0.424
94,174
102.0
46.35
0.31
1982
 
37,086
0.448
82,835
89.7
-12.04
0.28
1983
 
37,723
0.467
80,819
87.5
-2.43
0.28
1984
 
52,081
0.484
107,519
116.4
33.04
0.34
1985
 
53,458
0.501
106,643
115.5
-0.81
0.33
1986
 
57,614
0.512
112,486
121.8
5.48
0.34
1987
 
60,316
0.528
114,231
123.7
1.55
0.33
1988
 
70,154
0.549
127,867
138.4
11.94
0.36
1989
 
74,696
0.573
130,448
141.2
2.02
0.36
1990
 
78,788
0.598
131,808
142.7
1.04
0.35
1991
 
79,773
0.618
129,137
139.8
-2.03
0.35
1992
 
77,606
0.634
122,368
132.5
-5.24
0.32
1993
 
66,755
0.650
102,700
111.2
-16.07
0.26
1994
 
77,196
0.664
116,336
126.0
13.28
0.29
1995
 
78,828
0.678
116,344
126.0
0.01
0.28
1996
 
88,631
0.692
128,074
138.7
10.08
0.29
1997
 
80,484
0.704
114,312
123.8
-10.74
0.25
1998
 
79,181
0.710
111,574
120.8
-2.40
0.23
1999
 
79,131
0.720
109,903
119.0
-1.50
0.22
2000
 
80,428
0.738
108,949
118.0
-0.87
0.21
2001
 
90,963
0.753
120,798
130.8
10.88
0.23
2002
 
87,324
0.763
114,462
123.9
-5.25
0.22
2003
 
102,557
0.779
131,662
142.6
15.03
0.24
2004
 
109,059
0.798
136,619
147.9
3.76
0.24
2005
 
116,307
0.821
141,618
153.3
3.66
0.25
2006
 
125,951
0.844
149,160
161.5
5.33
0.26
2007
 
141,092
0.866
162,911
176.4
9.22
0.27
2008
 
125,039
0.892
140,225
151.8
-13.92
0.23
2009
 
132,852
0.889
149,405
161.8
6.55
0.25
2010
 
154,200
0.905
170,360
184.5
14.03
0.27
2011
 
195,372
0.928
210,521
227.9
23.57
0.31
2012
 
199,741
0.945
211,290
228.8
0.37
0.31
2013
 
226,415
0.958
236,388
255.9
11.88
0.34
2014
 
232,764
0.971
239,664
259.5
1.39
0.34
2015
 
255,611
0.973
262,707
284.4
9.61
0.36
2016
 
221,047
0.983
224,906
243.5
-14.39
0.32
2017
 
194,857
1.000
194,857
211.0
-13.36
0.27
2018
 
163,674
1.020
160,391
173.7
-17.69
0.22
2019
 
188,350
1.035
181,958
197.0
13.45
0.25
2020
 
180,748
1.046
172,741
187.0
-5.07
0.23
2021
 
205,763
1.090
188,772
204.4
9.28
0.24
2022
 
198,564
1.160
171,112
185.3
-9.35
0.22
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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