| Oregon vs. Arizona Comparative Trends Analysis: Total Industry Earnings Growth and Change, 1958-2022 Introduction Oregon: 2022 Earnings = $190,336,242K 2022 Percent of U.S. = 1.25% 2022 Rank = #24 Arizona: 2022 Earnings = $285,840,783K 2022 Percent of U.S. = 1.88% 2022 Rank = #18 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 states. 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 state 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. Figure 1. Figure 1 depicts Oregon's annual total industry earnings over 1959-2022 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 Oregon over time. When measured in current dollars, Oregon's total industry earnings increased 5,587.45%, from $3,347M in 1959 to $190,336M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 649.39%, from $21,887M in 1959 to $164,022M in 2022. Figure 2. Figure 2 traces Oregon's and Arizona's annual real total industry earnings for the period 1958-2022 to illustrate real total industry earnings patterns over time. During this 65-year period, Oregon's real total industry earnings rose from $20,288M in 1958 to $164,022M in 2022, for a net gain of $143,734M, or 708.47%. In comparison, Arizona's real total industry earnings advanced from $12,924M in 1958 to $246,323M in 2022, for a net gain of $233,399M, or 1,805.93%. Oregon's real total industry earnings ranked 24th among the 51 states in 2022, Arizona's ranked 18th. Figure 3. Figure 3 portrays Oregon's real total industry earnings growth in a broader context by offering direct comparisons across time with Arizona, the United States. The growth indices shown here express each region's real total industry earnings in 1958 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1958 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. Oregon's overall real total industry earnings growth was 708.47% over 1958-2022 trailed Arizona's increase of 1,805.93%, and topped the United States' increase of 531.93%. Figure 4. Another interesting and insightful way of highlighting the total industry earnings growth of Oregon and Arizona is to trace their individual percentage contributions to the United States' total total industry earnings over time, as shown in Figure 4. A rising share means a state's total industry earnings grew faster, or declined less, than the United States' total industry earnings, while a declining share shows they grew more slowly. In 1958, Oregon's total industry earnings totaled 0.98% of the United States' total industry earnings, while in 2022 it totaled 1.25% thereby yielding a +0.27% share-shift. Similarly, in 1958, Arizona's total industry earnings accounted for 0.62% of the United States' total industry earnings, while in 2022 it equated to 1.88%, resulting in a +1.26% share-shift. | | | | Total Industry Earnings Share-Shift 2022 vs. 1958 | Share- Shift* | | 2022 | vs. | 1958 | | +0.27% | = | 1.25% | - | 0.98% | | +1.26% | = | 1.88% | - | 0.62% |
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Figure 5. Figure 5 displays the short-run pattern of Oregon's real total industry earnings growth by tracking the year-to-year percent change over 1959-2022. The average annual percent change for the entire 64-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, Oregon's real total industry earnings grew at an annual rate of 3.37% over 1959-2022. The state posted its highest growth in 1972 (9.54%) and recorded its lowest growth in 1982 (-6.18%). In 2022, Oregon's real total industry earnings declined by -0.69% Figure 6. Over the past six decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again illustrates the annual percent change in Oregon's real total industry earnings since 1959, but this time they are displayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022. During the 1960s, Oregon's annual real total industry earnings growth rate averaged 4.57%. It averaged 4.96% throughout the 1970s, 1.29% throughout the 1980s, 4.66% throughout the 1990s, 1.20% during the 2000s, 3.44% throughout the 2010s, 2.20% thus far this decade (2020-2022). Figure 7. Figure 7 compares the decade average growth rates for Oregon noted in the previous graph with the corresponding decade averages for Arizona and the nation. As the chart reveals, Oregon's average annual real total industry earnings growth lagged Arizona's average in the 1960s (4.57% vs. 6.55%), amounted to less than Arizona's average during the 1970s (4.96% vs. 6.66%), amounted to less than Arizona's average during the 1980s (1.29% vs. 4.10%), lagged Arizona's average throughout the 1990s (4.66% vs. 5.71%), fell below Arizona's average in the 2000s (1.20% vs. 2.59%), registered above Arizona's average in the 2010s (3.44% vs. 3.03%), and amounted to less than Arizona's average over the 3 year period of the current decade, 2020-2022 (2.20% vs. 3.80%). Finally, relative to nationwide real total industry earnings growth trends, Oregon lagged the nation over the 1960s (4.57% vs. 4.72%), outgained the nation over the 1970s (4.96% vs. 3.13%), lagged the nation during the 1980s (1.29% vs. 2.62%), led the nation over the 1990s (4.66% vs. 3.43%), recorded underneath the nation over the 2000s (1.20% vs. 1.47%), outpaced the nation throughout the 2010s (3.44% vs. 2.53%), and outpaced the nation over 2020-2022 (2.20% vs. 1.48%). | | | | Real* Total Industry Earnings Growth: Average Annual Percent Change | | | | | | | | | | | | | | | | | | | | | | | 3.37 | 4.57 | 4.96 | 1.29 | 4.66 | 1.20 | 3.44 | 2.20 | -0.69 | | | 4.78 | 6.55 | 6.66 | 4.10 | 5.71 | 2.59 | 3.03 | 3.80 | 2.62 | | | 2.95 | 4.72 | 3.13 | 2.62 | 3.43 | 1.47 | 2.53 | 1.48 | 0.05 |
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Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Oregon: Total Industry Earnings, 1958-2022 | | | | | | | | | | 1958 | | 3,056,578 | 0.151 | 20,287,920 | 100.0 | N | 0.98 | 28 | 1959 | | 3,346,598 | 0.153 | 21,887,495 | 107.9 | 7.88 | 1.00 | 28 | 1960 | | 3,463,225 | 0.155 | 22,284,441 | 109.8 | 1.81 | 0.99 | 28 | 1961 | | 3,539,196 | 0.157 | 22,539,778 | 111.1 | 1.15 | 0.98 | 29 | 1962 | | 3,778,190 | 0.159 | 23,783,142 | 117.2 | 5.52 | 0.99 | 29 | 1963 | | 4,011,860 | 0.161 | 24,954,034 | 123.0 | 4.92 | 1.00 | 29 | 1964 | | 4,327,933 | 0.163 | 26,537,084 | 130.8 | 6.34 | 1.01 | 29 | 1965 | | 4,708,254 | 0.165 | 28,458,982 | 140.3 | 7.24 | 1.02 | 26 | 1966 | | 5,136,965 | 0.170 | 30,285,137 | 149.3 | 6.42 | 1.01 | 26 | 1967 | | 5,383,462 | 0.174 | 30,959,009 | 152.6 | 2.23 | 0.99 | 28 | 1968 | | 5,876,230 | 0.181 | 32,521,058 | 160.3 | 5.05 | 0.99 | 30 | 1969 | | 6,451,132 | 0.189 | 34,163,703 | 168.4 | 5.05 | 0.99 | 29 | 1970 | | 6,820,919 | 0.198 | 34,508,343 | 170.1 | 1.01 | 0.98 | 30 | 1971 | | 7,436,758 | 0.206 | 36,092,007 | 177.9 | 4.59 | 1.00 | 30 | 1972 | | 8,424,168 | 0.213 | 39,535,236 | 194.9 | 9.54 | 1.03 | 29 | 1973 | | 9,547,742 | 0.225 | 42,519,448 | 209.6 | 7.55 | 1.04 | 29 | 1974 | | 10,650,830 | 0.248 | 42,959,021 | 211.7 | 1.03 | 1.07 | 29 | 1975 | | 11,446,752 | 0.269 | 42,616,351 | 210.1 | -0.80 | 1.08 | 28 | 1976 | | 13,099,136 | 0.283 | 46,232,789 | 227.9 | 8.49 | 1.12 | 28 | 1977 | | 14,778,338 | 0.302 | 48,973,814 | 241.4 | 5.93 | 1.13 | 27 | 1978 | | 17,108,354 | 0.323 | 53,006,426 | 261.3 | 8.23 | 1.16 | 27 | 1979 | | 19,383,962 | 0.351 | 55,157,391 | 271.9 | 4.06 | 1.18 | 28 | 1980 | | 20,793,402 | 0.389 | 53,415,028 | 263.3 | -3.16 | 1.17 | 27 | 1981 | | 21,578,295 | 0.424 | 50,874,207 | 250.8 | -4.76 | 1.10 | 30 | 1982 | | 21,368,509 | 0.448 | 47,728,460 | 235.3 | -6.18 | 1.04 | 30 | 1983 | | 22,543,438 | 0.467 | 48,297,708 | 238.1 | 1.19 | 1.03 | 29 | 1984 | | 24,707,450 | 0.484 | 51,007,349 | 251.4 | 5.61 | 1.02 | 30 | 1985 | | 26,037,285 | 0.501 | 51,941,600 | 256.0 | 1.83 | 1.00 | 29 | 1986 | | 27,743,866 | 0.512 | 54,167,137 | 267.0 | 4.28 | 1.00 | 29 | 1987 | | 29,649,019 | 0.528 | 56,151,318 | 276.8 | 3.66 | 0.99 | 29 | 1988 | | 32,817,237 | 0.549 | 59,814,521 | 294.8 | 6.52 | 1.01 | 28 | 1989 | | 35,571,130 | 0.573 | 62,121,042 | 306.2 | 3.86 | 1.03 | 28 | 1990 | | 38,896,205 | 0.598 | 65,071,025 | 320.7 | 4.75 | 1.06 | 28 | 1991 | | 40,985,069 | 0.618 | 66,346,795 | 327.0 | 1.96 | 1.08 | 28 | 1992 | | 44,088,746 | 0.634 | 69,518,679 | 342.7 | 4.78 | 1.09 | 28 | 1993 | | 47,210,961 | 0.650 | 72,632,248 | 358.0 | 4.48 | 1.11 | 28 | 1994 | | 50,731,563 | 0.664 | 76,453,618 | 376.8 | 5.26 | 1.14 | 28 | 1995 | | 53,961,431 | 0.678 | 79,643,166 | 392.6 | 4.17 | 1.15 | 28 | 1996 | | 58,664,779 | 0.692 | 84,772,017 | 417.8 | 6.44 | 1.18 | 26 | 1997 | | 63,045,723 | 0.704 | 89,544,680 | 441.4 | 5.63 | 1.19 | 26 | 1998 | | 67,000,387 | 0.710 | 94,410,623 | 465.4 | 5.43 | 1.17 | 26 | 1999 | | 70,515,926 | 0.720 | 97,937,426 | 482.7 | 3.74 | 1.16 | 26 | 2000 | | 76,476,184 | 0.738 | 103,595,383 | 510.6 | 5.78 | 1.16 | 26 | 2001 | | 77,901,978 | 0.753 | 103,452,734 | 509.9 | -0.14 | 1.13 | 26 | 2002 | | 78,905,274 | 0.763 | 103,426,714 | 509.8 | -0.03 | 1.13 | 26 | 2003 | | 81,772,378 | 0.779 | 104,979,046 | 517.4 | 1.50 | 1.13 | 26 | 2004 | | 86,845,383 | 0.798 | 108,791,991 | 536.2 | 3.63 | 1.13 | 26 | 2005 | | 91,537,854 | 0.821 | 111,458,904 | 549.4 | 2.45 | 1.14 | 26 | 2006 | | 98,735,902 | 0.844 | 116,930,249 | 576.4 | 4.91 | 1.16 | 26 | 2007 | | 102,238,122 | 0.866 | 118,048,336 | 581.9 | 0.96 | 1.15 | 26 | 2008 | | 103,219,309 | 0.892 | 115,755,645 | 570.6 | -1.94 | 1.15 | 26 | 2009 | | 97,650,217 | 0.889 | 109,816,823 | 541.3 | -5.13 | 1.12 | 26 | 2010 | | 99,600,403 | 0.905 | 110,038,671 | 542.4 | 0.20 | 1.10 | 27 | 2011 | | 103,621,439 | 0.928 | 111,656,221 | 550.4 | 1.47 | 1.10 | 28 | 2012 | | 109,350,438 | 0.945 | 115,673,131 | 570.2 | 3.60 | 1.11 | 28 | 2013 | | 113,186,077 | 0.958 | 118,171,743 | 582.5 | 2.16 | 1.11 | 27 | 2014 | | 118,923,010 | 0.971 | 122,448,296 | 603.6 | 3.62 | 1.12 | 27 | 2015 | | 127,338,274 | 0.973 | 130,873,158 | 645.1 | 6.88 | 1.15 | 25 | 2016 | | 134,141,547 | 0.983 | 136,483,606 | 672.7 | 4.29 | 1.19 | 24 | 2017 | | 142,240,444 | 1.000 | 142,240,444 | 701.1 | 4.22 | 1.20 | 24 | 2018 | | 151,291,613 | 1.020 | 148,256,796 | 730.8 | 4.23 | 1.22 | 24 | 2019 | | 159,184,930 | 1.035 | 153,782,549 | 758.0 | 3.73 | 1.23 | 24 | 2020 | | 164,578,004 | 1.046 | 157,287,718 | 775.3 | 2.28 | 1.25 | 24 | 2021 | | 180,026,304 | 1.090 | 165,160,232 | 814.1 | 5.01 | 1.26 | 24 | 2022 | | 190,336,242 | 1.160 | 164,022,166 | 808.5 | -0.69 | 1.25 | 24 |
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_SA1400_1200_PSN | | | | |
Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Arizona: Total Industry Earnings, 1958-2022 | | | | | | | | | | 1958 | | 1,947,140 | 0.151 | 12,924,067 | 100.0 | N | 0.62 | 35 | 1959 | | 2,141,067 | 0.153 | 14,003,054 | 108.3 | 8.35 | 0.64 | 35 | 1960 | | 2,333,089 | 0.155 | 15,012,477 | 116.2 | 7.21 | 0.67 | 34 | 1961 | | 2,504,702 | 0.157 | 15,951,484 | 123.4 | 6.25 | 0.70 | 34 | 1962 | | 2,705,058 | 0.159 | 17,027,937 | 131.8 | 6.75 | 0.71 | 34 | 1963 | | 2,837,025 | 0.161 | 17,646,483 | 136.5 | 3.63 | 0.70 | 34 | 1964 | | 3,028,674 | 0.163 | 18,570,568 | 143.7 | 5.24 | 0.70 | 32 | 1965 | | 3,188,070 | 0.165 | 19,270,249 | 149.1 | 3.77 | 0.69 | 35 | 1966 | | 3,546,794 | 0.170 | 20,910,235 | 161.8 | 8.51 | 0.69 | 33 | 1967 | | 3,829,236 | 0.174 | 22,021,025 | 170.4 | 5.31 | 0.70 | 32 | 1968 | | 4,353,100 | 0.181 | 24,091,538 | 186.4 | 9.40 | 0.73 | 32 | 1969 | | 4,978,823 | 0.189 | 26,366,695 | 204.0 | 9.44 | 0.76 | 32 | 1970 | | 5,559,082 | 0.198 | 28,124,466 | 217.6 | 6.67 | 0.80 | 32 | 1971 | | 6,340,617 | 0.206 | 30,772,225 | 238.1 | 9.41 | 0.85 | 32 | 1972 | | 7,331,631 | 0.213 | 34,407,880 | 266.2 | 11.81 | 0.89 | 32 | 1973 | | 8,512,199 | 0.225 | 37,907,811 | 293.3 | 10.17 | 0.93 | 32 | 1974 | | 9,458,332 | 0.248 | 38,149,203 | 295.2 | 0.64 | 0.95 | 32 | 1975 | | 9,679,607 | 0.269 | 36,037,256 | 278.8 | -5.54 | 0.91 | 32 | 1976 | | 10,887,655 | 0.283 | 38,427,470 | 297.3 | 6.63 | 0.93 | 32 | 1977 | | 12,378,251 | 0.302 | 41,020,185 | 317.4 | 6.75 | 0.95 | 32 | 1978 | | 14,689,179 | 0.323 | 45,511,151 | 352.1 | 10.95 | 1.00 | 30 | 1979 | | 17,449,213 | 0.351 | 49,652,030 | 384.2 | 9.10 | 1.06 | 30 | 1980 | | 19,580,342 | 0.389 | 50,298,865 | 389.2 | 1.30 | 1.10 | 29 | 1981 | | 21,771,177 | 0.424 | 51,328,957 | 397.2 | 2.05 | 1.11 | 28 | 1982 | | 22,582,775 | 0.448 | 50,440,631 | 390.3 | -1.73 | 1.10 | 27 | 1983 | | 24,694,665 | 0.467 | 52,906,558 | 409.4 | 4.89 | 1.13 | 27 | 1984 | | 28,272,120 | 0.484 | 58,366,440 | 451.6 | 10.32 | 1.16 | 27 | 1985 | | 31,514,993 | 0.501 | 62,869,041 | 486.4 | 7.71 | 1.20 | 25 | 1986 | | 34,646,400 | 0.512 | 67,643,648 | 523.4 | 7.59 | 1.24 | 25 | 1987 | | 37,532,988 | 0.528 | 71,082,512 | 550.0 | 5.08 | 1.25 | 25 | 1988 | | 40,754,723 | 0.549 | 74,281,824 | 574.8 | 4.50 | 1.25 | 25 | 1989 | | 42,222,143 | 0.573 | 73,736,300 | 570.5 | -0.73 | 1.22 | 25 | 1990 | | 44,364,357 | 0.598 | 74,218,916 | 574.3 | 0.65 | 1.21 | 25 | 1991 | | 47,168,534 | 0.618 | 76,356,613 | 590.8 | 2.88 | 1.24 | 25 | 1992 | | 50,683,358 | 0.634 | 79,916,995 | 618.4 | 4.66 | 1.25 | 25 | 1993 | | 54,687,045 | 0.650 | 84,133,915 | 651.0 | 5.28 | 1.29 | 25 | 1994 | | 60,025,915 | 0.664 | 90,460,418 | 699.9 | 7.52 | 1.35 | 23 | 1995 | | 65,341,081 | 0.678 | 96,438,706 | 746.2 | 6.61 | 1.40 | 23 | 1996 | | 71,493,212 | 0.692 | 103,309,411 | 799.4 | 7.12 | 1.44 | 23 | 1997 | | 77,768,047 | 0.704 | 110,454,993 | 854.6 | 6.92 | 1.47 | 23 | 1998 | | 86,135,847 | 0.710 | 121,374,508 | 939.1 | 9.89 | 1.51 | 23 | 1999 | | 92,221,671 | 0.720 | 128,083,875 | 991.0 | 5.53 | 1.51 | 23 | 2000 | | 100,790,169 | 0.738 | 136,531,344 | 1,056.4 | 6.60 | 1.53 | 23 | 2001 | | 104,944,956 | 0.753 | 139,365,430 | 1,078.3 | 2.08 | 1.53 | 23 | 2002 | | 108,540,472 | 0.763 | 142,271,660 | 1,100.8 | 2.09 | 1.55 | 23 | 2003 | | 114,300,933 | 0.779 | 146,739,072 | 1,135.4 | 3.14 | 1.58 | 23 | 2004 | | 124,983,064 | 0.798 | 156,567,407 | 1,211.4 | 6.70 | 1.63 | 22 | 2005 | | 137,535,301 | 0.821 | 167,466,608 | 1,295.8 | 6.96 | 1.71 | 21 | 2006 | | 152,572,030 | 0.844 | 180,686,914 | 1,398.1 | 7.89 | 1.79 | 19 | 2007 | | 159,194,049 | 0.866 | 183,811,989 | 1,422.2 | 1.73 | 1.80 | 19 | 2008 | | 156,736,446 | 0.892 | 175,772,621 | 1,360.0 | -4.37 | 1.74 | 22 | 2009 | | 145,488,662 | 0.889 | 163,615,639 | 1,266.0 | -6.92 | 1.67 | 23 | 2010 | | 146,215,495 | 0.905 | 161,539,093 | 1,249.9 | -1.27 | 1.62 | 23 | 2011 | | 152,286,648 | 0.928 | 164,094,918 | 1,269.7 | 1.58 | 1.61 | 23 | 2012 | | 158,834,881 | 0.945 | 168,018,788 | 1,300.0 | 2.39 | 1.61 | 22 | 2013 | | 166,218,681 | 0.958 | 173,540,348 | 1,342.8 | 3.29 | 1.63 | 22 | 2014 | | 172,711,475 | 0.971 | 177,831,236 | 1,376.0 | 2.47 | 1.63 | 22 | 2015 | | 181,293,611 | 0.973 | 186,326,284 | 1,441.7 | 4.78 | 1.64 | 22 | 2016 | | 189,664,064 | 0.983 | 192,975,524 | 1,493.1 | 3.57 | 1.68 | 22 | 2017 | | 200,981,833 | 1.000 | 200,981,833 | 1,555.1 | 4.15 | 1.70 | 20 | 2018 | | 214,266,729 | 1.020 | 209,968,670 | 1,624.6 | 4.47 | 1.72 | 20 | 2019 | | 228,025,203 | 1.035 | 220,286,537 | 1,704.5 | 4.91 | 1.76 | 20 | 2020 | | 240,381,510 | 1.046 | 229,733,368 | 1,777.6 | 4.29 | 1.83 | 19 | 2021 | | 261,631,291 | 1.090 | 240,026,505 | 1,857.2 | 4.48 | 1.83 | 19 | 2022 | | 285,840,783 | 1.160 | 246,323,159 | 1,905.9 | 2.62 | 1.88 | 18 |
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_SA1400_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, 1958-2022 | | | | | | | | 1958 | | 312,448,433 | 0.151 | 2,073,864,549 | 100.0 | N | 1959 | | 334,064,584 | 0.153 | 2,184,856,665 | 105.4 | 5.35 | 1960 | | 348,226,000 | 0.155 | 2,240,692,362 | 108.0 | 2.56 | 1961 | | 359,911,000 | 0.157 | 2,292,134,760 | 110.5 | 2.30 | 1962 | | 383,422,000 | 0.159 | 2,413,584,288 | 116.4 | 5.30 | 1963 | | 402,628,000 | 0.161 | 2,504,372,706 | 120.8 | 3.76 | 1964 | | 430,423,000 | 0.163 | 2,639,174,689 | 127.3 | 5.38 | 1965 | | 463,749,000 | 0.165 | 2,803,125,000 | 135.2 | 6.21 | 1966 | | 510,521,000 | 0.170 | 3,009,792,477 | 145.1 | 7.37 | 1967 | | 543,468,000 | 0.174 | 3,125,355,110 | 150.7 | 3.84 | 1968 | | 595,758,000 | 0.181 | 3,297,127,677 | 159.0 | 5.50 | 1969 | | 653,665,000 | 0.189 | 3,461,658,635 | 166.9 | 4.99 | 1970 | | 693,352,000 | 0.198 | 3,507,801,275 | 169.1 | 1.33 | 1971 | | 742,094,000 | 0.206 | 3,601,523,902 | 173.7 | 2.67 | 1972 | | 819,646,000 | 0.213 | 3,846,658,532 | 185.5 | 6.81 | 1973 | | 918,964,000 | 0.225 | 4,092,469,383 | 197.3 | 6.39 | 1974 | | 993,909,000 | 0.248 | 4,008,829,105 | 193.3 | -2.04 | 1975 | | 1,059,492,000 | 0.269 | 3,944,497,394 | 190.2 | -1.60 | 1976 | | 1,173,271,000 | 0.283 | 4,141,005,188 | 199.7 | 4.98 | 1977 | | 1,303,767,000 | 0.302 | 4,320,542,816 | 208.3 | 4.34 | 1978 | | 1,476,080,000 | 0.323 | 4,573,305,242 | 220.5 | 5.85 | 1979 | | 1,648,363,000 | 0.351 | 4,690,444,754 | 226.2 | 2.56 | 1980 | | 1,784,597,000 | 0.389 | 4,584,353,165 | 221.1 | -2.26 | 1981 | | 1,961,173,000 | 0.424 | 4,623,772,250 | 223.0 | 0.86 | 1982 | | 2,053,729,000 | 0.448 | 4,587,185,902 | 221.2 | -0.79 | 1983 | | 2,188,018,000 | 0.467 | 4,687,672,466 | 226.0 | 2.19 | 1984 | | 2,432,402,000 | 0.484 | 5,021,577,654 | 242.1 | 7.12 | 1985 | | 2,615,791,000 | 0.501 | 5,218,223,348 | 251.6 | 3.92 | 1986 | | 2,786,901,000 | 0.512 | 5,441,146,840 | 262.4 | 4.27 | 1987 | | 2,996,000,000 | 0.528 | 5,674,027,499 | 273.6 | 4.28 | 1988 | | 3,259,979,000 | 0.549 | 5,941,819,010 | 286.5 | 4.72 | 1989 | | 3,467,027,000 | 0.573 | 6,054,778,994 | 292.0 | 1.90 | 1990 | | 3,679,460,000 | 0.598 | 6,155,516,520 | 296.8 | 1.66 | 1991 | | 3,789,428,000 | 0.618 | 6,134,341,309 | 295.8 | -0.34 | 1992 | | 4,059,023,000 | 0.634 | 6,400,225,481 | 308.6 | 4.33 | 1993 | | 4,237,437,000 | 0.650 | 6,519,133,846 | 314.3 | 1.86 | 1994 | | 4,456,948,000 | 0.664 | 6,716,721,924 | 323.9 | 3.03 | 1995 | | 4,674,849,000 | 0.678 | 6,899,738,761 | 332.7 | 2.72 | 1996 | | 4,956,180,000 | 0.692 | 7,161,799,344 | 345.3 | 3.80 | 1997 | | 5,288,047,000 | 0.704 | 7,510,683,597 | 362.2 | 4.87 | 1998 | | 5,707,014,000 | 0.710 | 8,041,785,619 | 387.8 | 7.07 | 1999 | | 6,098,042,000 | 0.720 | 8,469,385,147 | 408.4 | 5.32 | 2000 | | 6,598,743,000 | 0.738 | 8,938,721,519 | 431.0 | 5.54 | 2001 | | 6,865,291,000 | 0.753 | 9,117,010,172 | 439.6 | 1.99 | 2002 | | 7,001,002,000 | 0.763 | 9,176,707,606 | 442.5 | 0.65 | 2003 | | 7,243,377,000 | 0.779 | 9,299,017,896 | 448.4 | 1.33 | 2004 | | 7,674,785,000 | 0.798 | 9,614,272,113 | 463.6 | 3.39 | 2005 | | 8,039,238,000 | 0.821 | 9,788,788,097 | 472.0 | 1.82 | 2006 | | 8,519,349,000 | 0.844 | 10,089,233,775 | 486.5 | 3.07 | 2007 | | 8,866,261,000 | 0.866 | 10,237,349,175 | 493.6 | 1.47 | 2008 | | 9,014,085,000 | 0.892 | 10,108,876,304 | 487.4 | -1.25 | 2009 | | 8,688,913,000 | 0.889 | 9,771,497,172 | 471.2 | -3.34 | 2010 | | 9,023,916,000 | 0.905 | 9,969,635,637 | 480.7 | 2.03 | 2011 | | 9,444,387,000 | 0.928 | 10,176,702,513 | 490.7 | 2.08 | 2012 | | 9,854,834,000 | 0.945 | 10,424,645,101 | 502.7 | 2.44 | 2013 | | 10,180,570,000 | 0.958 | 10,629,007,841 | 512.5 | 1.96 | 2014 | | 10,613,874,000 | 0.971 | 10,928,505,678 | 527.0 | 2.82 | 2015 | | 11,039,821,000 | 0.973 | 11,346,284,134 | 547.1 | 3.82 | 2016 | | 11,311,477,000 | 0.983 | 11,508,970,941 | 555.0 | 1.43 | 2017 | | 11,848,205,000 | 1.000 | 11,848,205,000 | 571.3 | 2.95 | 2018 | | 12,438,590,000 | 1.020 | 12,189,079,542 | 587.7 | 2.88 | 2019 | | 12,989,097,000 | 1.035 | 12,548,276,062 | 605.1 | 2.95 | 2020 | | 13,158,025,000 | 1.046 | 12,575,166,053 | 606.4 | 0.21 | 2021 | | 14,278,043,000 | 1.090 | 13,099,001,844 | 631.6 | 4.17 | 2022 | | 15,207,952,000 | 1.160 | 13,105,445,395 | 631.9 | 0.05 |
Source: Calculations by the United States Regional Economic Analysis Project (US-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_SA1400_1200_PN | | | | |
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