Sioux City MSA vs. Nebraska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Sioux City MSA vs. Nebraska
Sioux City MSA:
2022 Earnings = $6,498,789K
2022 Percent of State = 0.05%
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.
Sioux City MSA Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Sioux City MSA Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Sioux City MSA'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 the Sioux City MSA over time.
When measured in current dollars, the Sioux City MSA's total industry earnings increased 1,465.85%, from $415M in 1970 to $6,499M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 166.72%, from $2,100M in 1970 to $5,600M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks the Sioux City MSA'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, the Sioux City MSA's real total industry earnings rose from $2,140M in 1969 to $5,600M in 2022, for a net gain of $3,460M, or 161.71%. In comparison, Nebraska's real total industry earnings advanced from $23,481M in 1969 to $77,536M in 2022, for a net gain 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 the Sioux City MSA'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.
The Sioux City MSA's overall real total industry earnings growth was 161.71% 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 contrasting the total industry earnings growth of the Sioux City MSA 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, the Sioux City MSA's total industry earnings totaled 9.11% of Nebraska's total industry earnings, while in 2022 it comprised 7.22% thereby yielding a -1.89% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-1.89%
=
7.22%
-
9.11%
 
   
Sioux City MSA Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Sioux City MSA Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of the Sioux City MSA'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, the Sioux City MSA's real total industry earnings grew at an annual rate of 1.95% over 1970-2022. The Sioux City MSA posted its highest growth in 1973 (12.90%) and posted its lowest growth in 1982 (-9.43%). In 2022, the Sioux City MSA's real total industry earnings grew by 0.52%
Sioux City MSA Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Sioux City MSA Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some msas 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 the Sioux City MSA'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, the Sioux City MSA's annual real total industry earnings growth rate averaged 2.52%. It averaged 0.60% throughout the 1980s, 3.88% in the 1990s, 1.95% throughout the 2000s, 0.67% throughout the 2010s, 2.34% 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 the Sioux City MSA noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, the Sioux City MSA's average annual real total industry earnings growth lagged Nebraska's average in the 1970s (2.52% vs. 2.98%), trailed Nebraska's average during the 1980s (0.60% vs. 1.55%), exceeded Nebraska's average during the 1990s (3.88% vs. 3.32%), posted below Nebraska's average during the 2000s (1.95% vs. 1.98%), posted below Nebraska's average in the 2010s (0.67% vs. 2.05%), and registered above Nebraska's average over the 3 year period of the current decade, 2020-2022 (2.34% vs. 1.83%).
Finally, relative to nationwide real total industry earnings growth trends, the Sioux City MSA fell below the nation during the 1970s (2.52% vs. 3.13%), recorded underneath the nation throughout the 1980s (0.60% vs. 2.62%), surpassed the nation throughout the 1990s (3.88% vs. 3.43%), outperformed the nation in the 2000s (1.95% vs. 1.47%), recorded underneath the nation throughout the 2010s (0.67% vs. 2.53%), and registered above the nation over 2020-2022 (2.34% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.95
2.52
0.60
3.88
1.95
0.67
2.34
0.52
 
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.

   
 
Sioux City MSA:
Total Industry Earnings, 1969-2022
 
1969
 
404,072
0.189
2,139,872
100.0
N
0.07
1970
 
415,032
0.198
2,099,727
98.1
-1.88
0.07
1971
 
447,143
0.206
2,170,070
101.4
3.35
0.07
1972
 
510,167
0.213
2,394,251
111.9
10.33
0.07
1973
 
606,970
0.225
2,703,051
126.3
12.90
0.08
1974
 
614,802
0.248
2,479,740
115.9
-8.26
0.07
1975
 
693,459
0.269
2,581,754
120.6
4.11
0.08
1976
 
741,215
0.283
2,616,084
122.3
1.33
0.07
1977
 
810,627
0.302
2,686,330
125.5
2.69
0.07
1978
 
915,002
0.323
2,834,930
132.5
5.53
0.07
1979
 
946,968
0.351
2,694,613
125.9
-4.95
0.07
1980
 
961,878
0.389
2,470,916
115.5
-8.30
0.06
1981
 
1,114,687
0.424
2,628,049
122.8
6.36
0.06
1982
 
1,065,658
0.448
2,380,242
111.2
-9.43
0.06
1983
 
1,085,213
0.467
2,324,991
108.7
-2.32
0.06
1984
 
1,180,547
0.484
2,437,183
113.9
4.83
0.05
1985
 
1,244,243
0.501
2,482,132
116.0
1.84
0.05
1986
 
1,283,310
0.512
2,505,535
117.1
0.94
0.05
1987
 
1,416,474
0.528
2,682,614
125.4
7.07
0.05
1988
 
1,496,064
0.549
2,726,809
127.4
1.65
0.05
1989
 
1,614,339
0.573
2,819,264
131.7
3.39
0.05
1990
 
1,715,071
0.598
2,869,211
134.1
1.77
0.05
1991
 
1,766,250
0.618
2,859,213
133.6
-0.35
0.05
1992
 
1,973,128
0.634
3,111,208
145.4
8.81
0.05
1993
 
2,051,634
0.650
3,156,360
147.5
1.45
0.05
1994
 
2,252,911
0.664
3,395,188
158.7
7.57
0.06
1995
 
2,407,156
0.678
3,552,788
166.0
4.64
0.06
1996
 
2,658,448
0.692
3,841,521
179.5
8.13
0.06
1997
 
2,696,924
0.704
3,830,477
179.0
-0.29
0.06
1998
 
2,876,434
0.710
4,053,199
189.4
5.81
0.06
1999
 
2,955,788
0.720
4,105,204
191.8
1.28
0.05
2000
 
3,065,078
0.738
4,151,985
194.0
1.14
0.05
2001
 
3,102,817
0.753
4,120,497
192.6
-0.76
0.05
2002
 
3,096,235
0.763
4,058,454
189.7
-1.51
0.05
2003
 
3,213,822
0.779
4,125,892
192.8
1.66
0.05
2004
 
3,551,446
0.798
4,448,928
207.9
7.83
0.05
2005
 
3,806,911
0.821
4,635,395
216.6
4.19
0.05
2006
 
3,954,244
0.844
4,682,904
218.8
1.02
0.05
2007
 
4,310,370
0.866
4,976,930
232.6
6.28
0.05
2008
 
4,770,166
0.892
5,349,519
250.0
7.49
0.06
2009
 
4,382,287
0.889
4,928,293
230.3
-7.87
0.06
2010
 
4,521,144
0.905
4,994,967
233.4
1.35
0.06
2011
 
4,341,479
0.928
4,678,116
218.6
-6.34
0.05
2012
 
4,296,941
0.945
4,545,392
212.4
-2.84
0.05
2013
 
4,430,338
0.958
4,625,487
216.2
1.76
0.05
2014
 
4,589,850
0.971
4,725,909
220.9
2.17
0.05
2015
 
4,959,374
0.973
5,097,045
238.2
7.85
0.05
2016
 
5,082,312
0.983
5,171,047
241.7
1.45
0.05
2017
 
4,912,399
1.000
4,912,399
229.6
-5.00
0.05
2018
 
5,147,551
1.020
5,044,294
235.7
2.68
0.05
2019
 
5,410,544
1.035
5,226,922
244.3
3.62
0.05
2020
 
5,579,504
1.046
5,332,350
249.2
2.02
0.05
2021
 
6,073,117
1.090
5,571,616
260.4
4.49
0.05
2022
 
6,498,789
1.160
5,600,328
261.7
0.52
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_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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