2000 vs. 2018 Industry Earnings Growth and Change

United States Real Industry Earnings Growth by State

2000 vs. 2018, Net Percent Change

North Dakota 2000 vs. 2018

Net Percent Change = 89.63%

Rank = #1

Michigan 2000 vs. 2018

Net Percent Change = 0.32%

Rank = #51

South Carolina 2000 vs. 2018

Net Percent Change = 40.60%

Rank = #22

With a spotlight on South Carolina, the chart above displays the distribution of the net percent change of real (inflation adjusted) industry earnings across the nation's 51 states over the period 2000-2018.

Those states whose real industry earnings growth registered above the nationwide average over this period realized an increase in their nationwide share of real industry earnings. Likewise, those states whose real industry earnings growth registered below the nationwide average experienced a decline in their relative share of real industry earnings nationwide.

Nationwide Snippets:

Over 2000-2018 real industry earnings grew in all 51 U.S. states.
Real industry earnings growth in twenty-four states outpaced the nationwide average (36.36%), while growth in twenty-seven states trailed.
At the extremes of the distribution, North Dakota posted the highest growth of real industry earnings (89.63%), while Michigan placed last by logging a 0.32% gain.
The spread in real industry earnings growth between the highest (North Dakota, 89.63%) and lowest (Michigan, 0.32%) over 2000-2018 equated to 89.32% ( = 89.63% − 0.32%).
Real industry earnings growth nationwide is but a weighted metric that stems from each state's share of real industry earnings nationwide. On this point, as the largest state in the nation, California's net real industry earnings growth over 2000-2018 of $529,502,252K made up 16.29% of the total net growth nationwide ($3,250,358,022K):

California: Percent Share of U.S.
Real Industry Earnings Growth, 2000-2018:

16.29% = ($529,502,252K / $3,250,358,022K) x 100

South Carolina Snippets:

Over 2000-2018, South Carolina posted a 40.60% net gain in real industry earnings.
South Carolina was joined by twenty-three other states whose real industry earnings growth over 2000-2018 registered above the nationwide average (36.36%).
Ranked #22 among the United States' 51 states, South Carolina's real industry earnings growth (40.60%) outperformed the nationwide average of 36.36% by a 4.24% margin.
South Carolina's net real industry earnings growth (40.60%, #22) over 2000-2018 registered just above that of Tennessee (38.44%, #23) and just below that of North Carolina (41.32%, #21).
South Carolina's share of real industry earnings nationwide rose from 1.12% in 2000 to 1.15% in 2018, resulting in a share-shift of 0.03%.

Real Industry Earnings Growth by State

2000 vs. 2018, Net Percent Change

State Distribution of Real Industry Earnings Growth, 2000 vs. 2018

	More than 70%	70% to 60%	60% to 50%	50% to 40%	40% to 30%	30% to 20%	20% to 10%	10% or Below	Total
2000 vs. 2018	2	2	7	11	11	13	4	1	51

Real Industry Earnings by State, 2018

California 2018

Real Industry Earnings = $1,731,785M

Percent of U.S. = 14.21%

Rank = #1

Vermont 2018

Real Industry Earnings = $21,406M

Percent of U.S. = 0.18%

Rank = #51

South Carolina 2018

Real Industry Earnings = $140,588M

Percent of U.S. = 1.15%

Rank = #26

Again highlighting South Carolina's position, the bar graph above displays the disposition by state of 2018 real industry earnings nationwide ($12,189,080M).

Interactive Table Tip: Although the visual profile of the bar chart remains unchanged you may opt to display the actual total by using the "Select Indicator" options above the graph

Nationwide Snippets:

Ranked #1, California's 2018 industry earnings totaled $1,731,785M, equating to 14.21% of the nationwide total.
Ranked last (#51), Vermont's real industry earnings of $21,406M in 2018 comprised just 0.18% of the total nationwide. Vermont's real industry earnings in 2018 equates to just 1.2% to that of California's.
California's 2018 industry earnings ($1,731,785M) exceeded the combined industry earnings ($1,652,175M) of the nation's twenty-five smallest states.

South Carolina Snippets:

South Carolina's industry earnings in 2018 ranked #26, amounting to 1.15% of the nationwide total.
South Carolina's industry earnings of $140,588M placed below that of Louisiana's ($141,287M, #25), and just above that of Alabama's ($132,699M, #27).
South Carolina's industry earnings of $140,588M exceeds the combined total ($135,055M) of the nation's five smallest states.

Real Industry Earnings by State, 2018

State Distribution of Real Industry Earnings, 2018

	More than $1,000B	$1,000B to $800B	$800B to $600B	$600B to $400B	$400B to $200B	$200B or Below	Total
2018	2	1	1	2	15	30	51

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

United States Real* Industry Earnings by State:
2000 vs. 2018

	2000		2018		2000 - 2018
State	Constant Dollars (1000s)	Percent of U.S. Total	Constant Dollars (1000s)	Percent of U.S. Total	Net Percent Change	Net Change (1000s)	Share (%) of U.S. Change
Alabama	105,630,483	1.18	132,698,538	1.09	25.63	27,068,055	0.83
Alaska	21,493,742	0.24	30,756,392	0.25	43.09	9,262,650	0.28
Arizona	136,531,344	1.53	209,968,670	1.72	53.79	73,437,326	2.26
Arkansas	60,563,163	0.68	76,431,849	0.63	26.20	15,868,686	0.49
California	1,202,282,849	13.45	1,731,785,101	14.21	44.04	529,502,252	16.29
Colorado	158,828,460	1.78	232,338,578	1.91	46.28	73,510,118	2.26
Connecticut	148,846,383	1.67	167,216,892	1.37	12.34	18,370,509	0.57
Delaware	30,503,793	0.34	37,074,252	0.30	21.54	6,570,459	0.20
District of Columbia	63,328,066	0.71	100,781,930	0.83	59.14	37,453,864	1.15
Florida	418,238,150	4.68	623,591,727	5.12	49.10	205,353,577	6.32
Georgia	257,802,314	2.88	350,166,089	2.87	35.83	92,363,775	2.84
Hawaii	36,022,673	0.40	53,925,395	0.44	49.70	17,902,722	0.55
Idaho	32,922,063	0.37	49,806,815	0.41	51.29	16,884,752	0.52
Illinois	432,688,039	4.84	514,856,354	4.22	18.99	82,168,316	2.53
Indiana	176,161,856	1.97	217,171,260	1.78	23.28	41,009,405	1.26
Iowa	80,219,109	0.90	107,119,070	0.88	33.53	26,899,960	0.83
Kansas	75,956,533	0.85	103,055,013	0.85	35.68	27,098,480	0.83
Kentucky	100,717,950	1.13	125,354,831	1.03	24.46	24,636,881	0.76
Louisiana	105,873,842	1.18	141,286,594	1.16	33.45	35,412,752	1.09
Maine	33,406,980	0.37	41,148,591	0.34	23.17	7,741,611	0.24
Maryland	172,275,327	1.93	245,832,702	2.02	42.70	73,557,374	2.26
Massachusetts	266,389,083	2.98	358,935,638	2.94	34.74	92,546,554	2.85
Michigan	319,618,378	3.58	320,633,085	2.63	0.32	1,014,707	0.03
Minnesota	171,830,992	1.92	228,562,386	1.88	33.02	56,731,394	1.75
Mississippi	58,199,927	0.65	68,253,493	0.56	17.27	10,053,566	0.31
Missouri	163,684,547	1.83	198,884,558	1.63	21.50	35,200,011	1.08
Montana	19,311,765	0.22	30,809,942	0.25	59.54	11,498,178	0.35
Nebraska	50,849,090	0.57	72,374,153	0.59	42.33	21,525,063	0.66
Nevada	67,287,307	0.75	97,146,651	0.80	44.38	29,859,344	0.92
New Hampshire	42,142,724	0.47	54,118,375	0.44	28.42	11,975,650	0.37
New Jersey	317,186,783	3.55	384,291,711	3.15	21.16	67,104,928	2.06
New Mexico	40,948,047	0.46	54,757,819	0.45	33.73	13,809,773	0.42
New York	743,191,333	8.31	983,262,449	8.07	32.30	240,071,115	7.39
North Carolina	230,909,112	2.58	326,324,432	2.68	41.32	95,415,319	2.94
North Dakota	17,068,245	0.19	32,366,972	0.27	89.63	15,298,727	0.47
Ohio	338,595,203	3.79	393,731,139	3.23	16.28	55,135,935	1.70
Oklahoma	79,981,248	0.89	121,441,761	1.00	51.84	41,460,513	1.28
Oregon	103,595,383	1.16	148,256,796	1.22	43.11	44,661,413	1.37
Pennsylvania	369,364,811	4.13	480,700,536	3.94	30.14	111,335,725	3.43
Rhode Island	30,127,844	0.34	37,548,618	0.31	24.63	7,420,774	0.23
South Carolina	99,989,584	1.12	140,588,042	1.15	40.60	40,598,457	1.25
South Dakota	19,877,860	0.22	30,421,582	0.25	53.04	10,543,722	0.32
Tennessee	165,156,623	1.85	228,645,026	1.88	38.44	63,488,404	1.95
Texas	645,326,052	7.22	1,061,667,135	8.71	64.52	416,341,083	12.81
Utah	59,255,670	0.66	106,352,478	0.87	79.48	47,096,807	1.45
Vermont	17,182,553	0.19	21,405,703	0.18	24.58	4,223,151	0.13
Virginia	237,476,236	2.66	325,762,722	2.67	37.18	88,286,486	2.72
Washington	201,530,189	2.25	318,197,327	2.61	57.89	116,667,138	3.59
West Virginia	37,124,842	0.42	45,363,077	0.37	22.19	8,238,235	0.25
Wisconsin	162,000,929	1.81	204,247,750	1.68	26.08	42,246,820	1.30
Wyoming	13,226,037	0.15	21,661,543	0.18	63.78	8,435,506	0.26

United States	8,938,721,519	100.00	12,189,079,542	100.00	36.36	3,250,358,022	100.00

*Real total industry earnings determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

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_YRVYR_1200A

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

United States Industry Earnings by State:
2000 vs. 2018

	2000		2018		2000 - 2018
State	Current Dollars (1000s)	Percent of U.S. Total	Current Dollars (1000s)	Percent of U.S. Total	Net Percent Change	Net Change (1000s)	Share (%) of U.S. Change
Alabama	77,978,535	1.18	135,414,877	1.09	73.66	57,436,342	0.98
Alaska	15,867,110	0.24	31,385,975	0.25	97.81	15,518,865	0.27
Arizona	100,790,169	1.53	214,266,729	1.72	112.59	113,476,560	1.94
Arkansas	44,708,938	0.68	77,996,409	0.63	74.45	33,287,471	0.57
California	887,549,245	13.45	1,767,234,742	14.21	99.11	879,685,497	15.06
Colorado	117,250,346	1.78	237,094,549	1.91	102.21	119,844,203	2.05
Connecticut	109,881,377	1.67	170,639,822	1.37	55.29	60,758,445	1.04
Delaware	22,518,510	0.34	37,833,162	0.30	68.01	15,314,652	0.26
District of Columbia	46,750,045	0.71	102,844,936	0.83	119.99	56,094,891	0.96
Florida	308,751,767	4.68	636,356,650	5.12	106.11	327,604,883	5.61
Georgia	190,314,824	2.88	357,333,989	2.87	87.76	167,019,165	2.86
Hawaii	26,592,658	0.40	55,029,248	0.44	106.93	28,436,590	0.49
Idaho	24,303,725	0.37	50,826,360	0.41	109.13	26,522,635	0.45
Illinois	319,418,964	4.84	525,395,464	4.22	64.48	205,976,500	3.53
Indiana	130,046,205	1.97	221,616,756	1.78	70.41	91,570,551	1.57
Iowa	59,219,351	0.90	109,311,797	0.88	84.59	50,092,446	0.86
Kansas	56,072,632	0.85	105,164,549	0.85	87.55	49,091,917	0.84
Kentucky	74,352,005	1.13	127,920,844	1.03	72.05	53,568,839	0.92
Louisiana	78,158,188	1.18	144,178,731	1.16	84.47	66,020,543	1.13
Maine	24,661,701	0.37	41,990,903	0.34	70.27	17,329,202	0.30
Maryland	127,177,092	1.93	250,864,897	2.02	97.26	123,687,805	2.12
Massachusetts	196,653,749	2.98	366,283,050	2.94	86.26	169,629,301	2.90
Michigan	235,948,679	3.58	327,196,444	2.63	38.67	91,247,765	1.56
Minnesota	126,849,075	1.92	233,241,058	1.88	83.87	106,391,983	1.82
Mississippi	42,964,350	0.65	69,650,642	0.56	62.11	26,686,292	0.46
Missouri	120,835,206	1.83	202,955,725	1.63	67.96	82,120,519	1.41
Montana	14,256,331	0.22	31,440,622	0.25	120.54	17,184,291	0.29
Nebraska	37,537,815	0.57	73,855,652	0.59	96.75	36,317,837	0.62
Nevada	49,672,836	0.75	99,135,243	0.80	99.58	49,462,407	0.85
New Hampshire	31,110,602	0.47	55,226,178	0.44	77.52	24,115,576	0.41
New Jersey	234,153,627	3.55	392,158,162	3.15	67.48	158,004,535	2.71
New Mexico	30,228,667	0.46	55,878,712	0.45	84.85	25,650,045	0.44
New York	548,638,706	8.31	1,003,389,831	8.07	82.89	454,751,125	7.79
North Carolina	170,461,725	2.58	333,004,293	2.68	95.35	162,542,568	2.78
North Dakota	12,600,120	0.19	33,029,524	0.27	162.14	20,429,404	0.35
Ohio	249,957,751	3.79	401,790,815	3.23	60.74	151,833,064	2.60
Oklahoma	59,043,757	0.89	123,927,674	1.00	109.89	64,883,917	1.11
Oregon	76,476,184	1.16	151,291,613	1.22	97.83	74,815,429	1.28
Pennsylvania	272,672,491	4.13	490,540,476	3.94	79.90	217,867,985	3.73
Rhode Island	22,240,977	0.34	38,317,238	0.31	72.28	16,076,261	0.28
South Carolina	73,814,311	1.12	143,465,879	1.15	94.36	69,651,568	1.19
South Dakota	14,674,234	0.22	31,044,312	0.25	111.56	16,370,078	0.28
Tennessee	121,921,922	1.85	233,325,390	1.88	91.37	111,403,468	1.91
Texas	476,392,598	7.22	1,083,399,461	8.71	127.42	607,006,863	10.39
Utah	43,743,721	0.66	108,529,513	0.87	148.10	64,785,792	1.11
Vermont	12,684,504	0.19	21,843,878	0.18	72.21	9,159,374	0.16
Virginia	175,309,707	2.66	332,431,085	2.67	89.63	157,121,378	2.69
Washington	148,773,616	2.25	324,710,826	2.61	118.26	175,937,210	3.01
West Virginia	27,406,301	0.42	46,291,659	0.37	68.91	18,885,358	0.32
Wisconsin	119,592,326	1.81	208,428,701	1.68	74.28	88,836,375	1.52
Wyoming	9,763,725	0.15	22,104,955	0.18	126.40	12,341,230	0.21

United States	6,598,743,000	100.00	12,438,590,000	100.00	88.50	5,839,847,000	100.00

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_YRVYR_1200A

Outline of Analysis

Download, Print or Share

Nationwide Snippets:

California: Percent Share of U.S.
Real Industry Earnings Growth, 2000-2018:

South Carolina Snippets:

Nationwide Snippets:

South Carolina Snippets:

Please stay tuned...
while your request is processing:

Outline of Analysis

Download, Print or Share

Nationwide Snippets:

California: Percent Share of U.S.Real Industry Earnings Growth, 2000-2018:

South Carolina Snippets:

Nationwide Snippets:

South Carolina Snippets:

Please stay tuned...while your request is processing:

California: Percent Share of U.S.
Real Industry Earnings Growth, 2000-2018:

Please stay tuned...
while your request is processing: