Nebraska vs. United States
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2019
Introduction
Nebraska:
2019 Earnings = $77,432,264K
2019 Percent of U.S. = 0.6%
U.S.:
2019 Earnings = $13,080,565,000K
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.
Nebraska Total Industry Earnings, 1959-2019
Current vs. Constant Dollars (Millions)
Nebraska Total Industry Earnings, 1959-2019
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Nebraska's annual total industry earnings over 1959-2019 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Nebraska over time.
When measured in current dollars, Nebraska's total industry earnings increased 3,159.9%, from $2,375M in 1959 to $77,432M in 2019. When measured in constant 2012 dollars to adjust for inflation, it advanced 381.0%, from $14,656M in 1959 to $70,488M in 2019.
Real Total Industry Earnings Indices (1958=100): 1958-2019
Real Total Industry Earnings Indices (1958=100): 1958-2019
Figure 2.
Figure 2 shows Nebraska's real total industry earnings growth in a broader context by offering direct comparisons across time with 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.
Nebraska's overall real total industry earnings growth was 373.9% over 1958-2019 trailed the United States' increase of 508.6%.
Total Industry Earnings as a Percent of the United States Total: 1958-2019
Total Industry Earnings as a Percent of the United States Total: 1958-2019
Figure 3.
Another interesting and insightful way of highlighting the total industry earnings growth of Nebraska is to compare its individual percentage contributions to the United States' total total industry earnings over time, as shown in Figure 3. A rising share means a region's total industry earnings grew faster, or declined less, than the United States' total industry earnings, while a declining share shows it grew more slowly.
In 1958, Nebraska's total industry earnings totaled 0.76% of the United States' total industry earnings, while in 2019 it equated to 0.59% thereby yielding a -0.17% share-shift.
   
 
Total Industry Earnings Share-Shift
2019 vs. 1958
 
Share-
Shift*
 
2019
vs.
1958
-0.17%
=
0.59%
-
0.76%
 
   
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2019
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2019
Figure 4.
Figure 4 shows the short-run pattern of Nebraska's real total industry earnings growth by tracking the year-to-year percent change over 1959-2019. The average annual percent change for the entire 61-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, Nebraska's real total industry earnings grew at an annual rate of 2.65% over 1959-2019. The state posted its highest growth in 1973 (11.25%) and posted its lowest growth in 1980 (-8.05%). In 2019, Nebraska's real total industry earnings grew by 2.43%
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2019
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2019
Figure 5.
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 5 again traces the annual percent change in Nebraska'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, and 2010-2019.
During the 1960s, Nebraska's annual real total industry earnings growth rate averaged 4.27%. It averaged 2.98% throughout the 1970s, 1.55% throughout the 1980s, 3.31% throughout the 1990s, 1.99% throughout the 2000s, and 2.21% thus far this decade (2010 to 2019).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 6.
Figure 6 compares the decade average growth rates for Nebraska noted in the previous graph with the corresponding decade averages for the nation.
Relative to nationwide real total industry earnings growth trends, Nebraska recorded underneath the nation during the 1960s (4.27% vs. 4.72%), fell under the nation throughout the 1970s (2.98% vs. 3.13%), lagged the nation over the 1980s (1.55% vs. 2.62%), fell below the nation throughout the 1990s (3.31% vs. 3.43%), registered above the nation in the 2000s (1.99% vs. 1.49%), and recorded underneath the nation over 2010-2019 (2.21% vs. 2.58%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.65
4.27
2.98
1.55
3.31
1.99
2.21
2.43
 
3.03
4.72
3.13
2.62
3.43
1.49
2.58
2.92
 
   

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

   
 
Nebraska:
Total Industry Earnings, 1958-2019
 
1958
 
2,375,321
0.160
14,874,576
100.0
N
0.76
1959
 
2,375,283
0.162
14,655,908
98.5
-1.47
0.71
1960
 
2,545,655
0.165
15,453,500
103.9
5.44
0.73
1961
 
2,582,511
0.166
15,516,168
104.3
0.41
0.72
1962
 
2,825,041
0.168
16,776,774
112.8
8.12
0.74
1963
 
2,865,177
0.170
16,814,419
113.0
0.22
0.71
1964
 
2,929,886
0.173
16,948,493
113.9
0.80
0.68
1965
 
3,229,462
0.175
18,416,184
123.8
8.66
0.70
1966
 
3,527,335
0.180
19,619,195
131.9
6.53
0.69
1967
 
3,653,868
0.184
19,824,578
133.3
1.05
0.67
1968
 
3,900,619
0.192
20,366,641
136.9
2.73
0.65
1969
 
4,433,936
0.200
22,153,065
148.9
8.77
0.68
1970
 
4,692,643
0.210
22,398,181
150.6
1.11
0.68
1971
 
5,156,088
0.218
23,607,381
158.7
5.40
0.69
1972
 
5,712,919
0.226
25,294,072
170.0
7.14
0.70
1973
 
6,697,739
0.238
28,139,396
189.2
11.25
0.73
1974
 
6,831,868
0.263
25,996,454
174.8
-7.62
0.69
1975
 
7,713,251
0.285
27,092,557
182.1
4.22
0.73
1976
 
8,056,211
0.300
26,825,423
180.3
-0.99
0.69
1977
 
8,671,862
0.320
27,111,430
182.3
1.07
0.67
1978
 
10,185,123
0.342
29,771,486
200.2
9.81
0.69
1979
 
10,918,870
0.373
29,311,616
197.1
-1.54
0.66
1980
 
11,121,283
0.413
26,952,845
181.2
-8.05
0.62
1981
 
12,701,979
0.450
28,252,989
189.9
4.82
0.65
1982
 
13,107,205
0.475
27,619,700
185.7
-2.24
0.64
1983
 
13,511,005
0.495
27,309,304
183.6
-1.12
0.62
1984
 
15,326,676
0.513
29,851,540
200.7
9.31
0.63
1985
 
16,346,215
0.531
30,764,134
206.8
3.06
0.62
1986
 
16,919,830
0.543
31,165,647
209.5
1.31
0.61
1987
 
18,051,187
0.560
32,254,998
216.8
3.50
0.60
1988
 
19,560,386
0.582
33,637,231
226.1
4.29
0.60
1989
 
20,546,317
0.607
33,854,535
227.6
0.65
0.59
1990
 
22,198,295
0.634
35,037,953
235.6
3.50
0.60
1991
 
22,977,372
0.655
35,094,424
235.9
0.16
0.61
1992
 
24,558,018
0.672
36,534,884
245.6
4.10
0.61
1993
 
25,304,841
0.689
36,731,175
246.9
0.54
0.60
1994
 
27,063,746
0.703
38,481,083
258.7
4.76
0.61
1995
 
28,227,016
0.718
39,307,371
264.3
2.15
0.60
1996
 
31,030,006
0.733
42,306,337
284.4
7.63
0.63
1997
 
31,797,165
0.746
42,610,408
286.5
0.72
0.60
1998
 
33,762,107
0.752
44,886,868
301.8
5.34
0.59
1999
 
35,720,571
0.763
46,792,647
314.6
4.25
0.59
2000
 
37,537,815
0.782
47,980,846
322.6
2.54
0.57
2001
 
39,445,872
0.797
49,469,352
332.6
3.10
0.57
2002
 
40,300,632
0.808
49,883,811
335.4
0.84
0.58
2003
 
43,121,568
0.824
52,358,688
352.0
4.96
0.60
2004
 
45,517,169
0.844
53,923,267
362.5
2.99
0.59
2005
 
46,943,966
0.868
54,075,434
363.5
0.28
0.58
2006
 
48,330,065
0.892
54,197,485
364.4
0.23
0.57
2007
 
51,528,983
0.914
56,354,014
378.9
3.98
0.58
2008
 
53,500,961
0.942
56,807,136
381.9
0.80
0.59
2009
 
53,557,480
0.941
56,919,123
382.7
0.20
0.62
2010
 
56,418,211
0.957
58,950,119
396.3
3.57
0.63
2011
 
63,125,724
0.981
64,328,015
432.5
9.12
0.67
2012
 
64,076,841
1.000
64,076,841
430.8
-0.39
0.65
2013
 
66,255,020
1.013
65,375,072
439.5
2.03
0.65
2014
 
69,755,834
1.028
67,836,073
456.1
3.76
0.65
2015
 
72,127,845
1.030
69,997,812
470.6
3.19
0.65
2016
 
70,286,232
1.041
67,504,377
453.8
-3.56
0.62
2017
 
71,569,299
1.060
67,528,400
454.0
0.04
0.60
2018
 
74,485,402
1.082
68,815,678
462.6
1.91
0.59
2019
 
77,432,264
1.099
70,488,447
473.9
2.43
0.59
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
September 2020
REAP_PI_SA1400_1200_PN
 
   

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, 1958-2019
 
1958
 
312,448,433
0.160
1,956,593,606
100.0
N
1959
 
334,064,584
0.162
2,061,236,404
105.3
5.35
1960
 
348,226,000
0.165
2,113,919,748
108.0
2.56
1961
 
359,911,000
0.166
2,162,406,873
110.5
2.29
1962
 
383,422,000
0.168
2,276,987,945
116.4
5.30
1963
 
402,628,000
0.170
2,362,840,376
120.8
3.77
1964
 
430,423,000
0.173
2,489,865,217
127.3
5.38
1965
 
463,749,000
0.175
2,644,554,060
135.2
6.21
1966
 
510,521,000
0.180
2,839,540,575
145.1
7.37
1967
 
543,468,000
0.184
2,948,662,579
150.7
3.84
1968
 
595,758,000
0.192
3,110,682,957
159.0
5.49
1969
 
653,665,000
0.200
3,265,875,593
166.9
4.99
1970
 
693,352,000
0.210
3,309,398,119
169.1
1.33
1971
 
742,094,000
0.218
3,397,710,728
173.7
2.67
1972
 
819,646,000
0.226
3,629,000,266
185.5
6.81
1973
 
918,964,000
0.238
3,860,868,835
197.3
6.39
1974
 
993,909,000
0.263
3,781,997,717
193.3
-2.04
1975
 
1,059,492,000
0.285
3,721,433,088
190.2
-1.60
1976
 
1,173,271,000
0.300
3,906,736,148
199.7
4.98
1977
 
1,303,767,000
0.320
4,076,055,149
208.3
4.33
1978
 
1,476,080,000
0.342
4,314,635,644
220.5
5.85
1979
 
1,648,363,000
0.373
4,425,016,778
226.2
2.56
1980
 
1,784,597,000
0.413
4,325,037,565
221.0
-2.26
1981
 
1,961,173,000
0.450
4,362,233,640
223.0
0.86
1982
 
2,053,729,000
0.475
4,327,648,769
221.2
-0.79
1983
 
2,188,018,000
0.495
4,422,561,345
226.0
2.19
1984
 
2,432,402,000
0.513
4,737,553,318
242.1
7.12
1985
 
2,615,791,000
0.531
4,923,007,867
251.6
3.91
1986
 
2,786,901,000
0.543
5,133,359,735
262.4
4.27
1987
 
2,996,000,000
0.560
5,353,441,498
273.6
4.29
1988
 
3,259,979,000
0.582
5,606,058,365
286.5
4.72
1989
 
3,467,027,000
0.607
5,712,682,485
292.0
1.90
1990
 
3,679,460,000
0.634
5,807,686,844
296.8
1.66
1991
 
3,789,428,000
0.655
5,787,772,059
295.8
-0.34
1992
 
4,059,023,000
0.672
6,038,595,317
308.6
4.33
1993
 
4,237,437,000
0.689
6,150,840,446
314.4
1.86
1994
 
4,456,948,000
0.703
6,337,193,232
323.9
3.03
1995
 
4,674,849,000
0.718
6,509,934,411
332.7
2.73
1996
 
4,956,180,000
0.733
6,757,260,110
345.4
3.80
1997
 
5,288,047,000
0.746
7,086,350,053
362.2
4.87
1998
 
5,707,014,000
0.752
7,587,500,000
387.8
7.07
1999
 
6,098,042,000
0.763
7,988,212,948
408.3
5.28
2000
 
6,598,743,000
0.782
8,434,515,243
431.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
440.0
2.08
2002
 
7,001,130,000
0.808
8,665,944,621
442.9
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
449.5
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
464.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
473.3
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
488.3
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
495.6
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
489.1
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
471.9
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
481.9
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
491.8
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
506.1
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
516.0
1.96
2014
 
10,687,445,000
1.028
10,393,314,208
531.2
2.95
2015
 
11,114,594,000
1.030
10,786,364,916
551.3
3.78
2016
 
11,379,601,000
1.041
10,929,208,325
558.6
1.32
2017
 
11,920,279,000
1.060
11,247,243,924
574.8
2.91
2018
 
12,523,102,000
1.082
11,569,861,141
591.3
2.87
2019
 
13,080,565,000
1.099
11,907,552,048
608.6
2.92
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
September 2020
REAP_PI_SA1400_1200_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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