Nebraska vs. United States
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2022
Introduction
Nebraska vs. United States
Nebraska:
2022 Earnings = $89,974,794K
2022 Percent of U.S. = 0.59%
U.S.:
2022 Earnings = $15,207,952,000K
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, 1959-2022
Current vs. Constant Dollars (Millions)
Nebraska Total Industry Earnings, 1959-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Nebraska'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 Nebraska over time.
When measured in current dollars, Nebraska's total industry earnings increased 3,687.96%, from $2,375M in 1959 to $89,975M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 399.11%, from $15,535M in 1959 to $77,536M in 2022.
Real Total Industry Earnings Indices (1958=100): 1958-2022
Real Total Industry Earnings Indices (1958=100): 1958-2022
Figure 2.
Figure 2 portrays 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 391.79% over 1958-2022 trailed the United States' increase of 531.93%.
Total Industry Earnings as a Percent of the United States Total: 1958-2022
Total Industry Earnings as a Percent of the United States Total: 1958-2022
Figure 3.
Another interesting and insightful way of highlighting the total industry earnings growth of Nebraska is to trace 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 comprised 0.76% of the United States' total industry earnings, while in 2022 it comprised 0.59% thereby yielding a -0.17% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1958
 
Share-
Shift*
 
2022
vs.
1958
-0.17%
=
0.59%
-
0.76%
 
   
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2022
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2022
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 1959-2022. 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, Nebraska's real total industry earnings grew at an annual rate of 2.59% over 1959-2022. The state recorded its highest growth in 1973 (11.25%) and recorded its lowest growth in 1980 (-8.05%). In 2022, Nebraska's real total industry earnings declined by -0.69%
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2022
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2022
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 shows 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, 2010s, and 2020-2022.
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, 3.32% during the 1990s, 1.98% throughout the 2000s, 2.05% throughout the 2010s, 1.83% 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 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 lagged the nation during the 1960s (4.27% vs. 4.72%), fell below the nation throughout the 1970s (2.98% vs. 3.13%), recorded underneath the nation over the 1980s (1.55% vs. 2.62%), posted below the nation over the 1990s (3.32% vs. 3.43%), outperformed the nation during the 2000s (1.98% vs. 1.47%), fell below the nation in the 2010s (2.05% vs. 2.53%), and led the nation over 2020-2022 (1.83% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.59
4.27
2.98
1.55
3.32
1.98
2.05
1.83
-0.69
 
2.95
4.72
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.

   
 
Nebraska:
Total Industry Earnings, 1958-2022
 
1958
 
2,375,321
0.151
15,766,102
100.0
N
0.76
1959
 
2,375,283
0.153
15,534,879
98.5
-1.47
0.71
1960
 
2,545,655
0.155
16,380,252
103.9
5.44
0.73
1961
 
2,582,511
0.157
16,447,019
104.3
0.41
0.72
1962
 
2,825,041
0.159
17,783,212
112.8
8.12
0.74
1963
 
2,865,177
0.161
17,821,590
113.0
0.22
0.71
1964
 
2,929,886
0.163
17,964,841
113.9
0.80
0.68
1965
 
3,229,462
0.165
19,520,442
123.8
8.66
0.70
1966
 
3,527,335
0.170
20,795,514
131.9
6.53
0.69
1967
 
3,653,868
0.174
21,012,525
133.3
1.04
0.67
1968
 
3,900,619
0.181
21,587,354
136.9
2.74
0.65
1969
 
4,433,936
0.189
23,481,099
148.9
8.77
0.68
1970
 
4,692,643
0.198
23,740,985
150.6
1.11
0.68
1971
 
5,156,088
0.206
25,023,480
158.7
5.40
0.69
1972
 
5,712,919
0.213
26,811,146
170.1
7.14
0.70
1973
 
6,697,739
0.225
29,827,384
189.2
11.25
0.73
1974
 
6,831,868
0.248
27,555,633
174.8
-7.62
0.69
1975
 
7,713,251
0.269
28,716,497
182.1
4.21
0.73
1976
 
8,056,211
0.283
28,434,020
180.3
-0.98
0.69
1977
 
8,671,862
0.302
28,737,613
182.3
1.07
0.67
1978
 
10,185,123
0.323
31,556,336
200.2
9.81
0.69
1979
 
10,918,870
0.351
31,069,829
197.1
-1.54
0.66
1980
 
11,121,283
0.389
28,568,853
181.2
-8.05
0.62
1981
 
12,701,979
0.424
29,946,903
189.9
4.82
0.65
1982
 
13,107,205
0.448
29,276,105
185.7
-2.24
0.64
1983
 
13,511,005
0.467
28,946,364
183.6
-1.13
0.62
1984
 
15,326,676
0.484
31,641,190
200.7
9.31
0.63
1985
 
16,346,215
0.501
32,608,951
206.8
3.06
0.62
1986
 
16,919,830
0.512
33,034,284
209.5
1.30
0.61
1987
 
18,051,187
0.528
34,186,559
216.8
3.49
0.60
1988
 
19,560,386
0.549
35,651,847
226.1
4.29
0.60
1989
 
20,546,317
0.573
35,881,869
227.6
0.65
0.59
1990
 
22,198,295
0.598
37,136,420
235.5
3.50
0.60
1991
 
22,977,372
0.618
37,195,862
235.9
0.16
0.61
1992
 
24,558,018
0.634
38,722,829
245.6
4.11
0.61
1993
 
25,304,841
0.650
38,930,525
246.9
0.54
0.60
1994
 
27,063,746
0.664
40,785,680
258.7
4.77
0.61
1995
 
28,227,016
0.678
41,661,033
264.2
2.15
0.60
1996
 
31,030,006
0.692
44,839,105
284.4
7.63
0.63
1997
 
31,797,165
0.704
45,161,937
286.4
0.72
0.60
1998
 
33,762,107
0.710
47,574,375
301.8
5.34
0.59
1999
 
35,720,571
0.720
49,611,215
314.7
4.28
0.59
2000
 
37,537,815
0.738
50,849,090
322.5
2.50
0.57
2001
 
39,445,872
0.753
52,383,565
332.3
3.02
0.57
2002
 
40,307,450
0.763
52,833,821
335.1
0.86
0.58
2003
 
43,119,379
0.779
55,356,483
351.1
4.77
0.60
2004
 
45,510,273
0.798
57,011,128
361.6
2.99
0.59
2005
 
46,934,155
0.821
57,148,264
362.5
0.24
0.58
2006
 
48,301,478
0.844
57,202,129
362.8
0.09
0.57
2007
 
51,468,782
0.866
59,427,970
376.9
3.89
0.58
2008
 
53,536,371
0.892
60,038,545
380.8
1.03
0.59
2009
 
53,618,075
0.889
60,298,552
382.5
0.43
0.62
2010
 
56,568,186
0.905
62,496,615
396.4
3.65
0.63
2011
 
63,457,392
0.928
68,377,863
433.7
9.41
0.67
2012
 
64,104,132
0.945
67,810,663
430.1
-0.83
0.65
2013
 
65,634,545
0.958
68,525,642
434.6
1.05
0.64
2014
 
69,267,208
0.971
71,320,526
452.4
4.08
0.65
2015
 
71,587,004
0.973
73,574,244
466.7
3.16
0.65
2016
 
70,096,436
0.983
71,320,292
452.4
-3.06
0.62
2017
 
71,216,731
1.000
71,216,731
451.7
-0.15
0.60
2018
 
73,855,652
1.020
72,374,153
459.0
1.63
0.59
2019
 
76,053,319
1.035
73,472,239
466.0
1.52
0.59
2020
 
78,087,474
1.046
74,628,446
473.3
1.57
0.59
2021
 
85,101,976
1.090
78,074,491
495.2
4.62
0.60
2022
 
89,974,794
1.160
77,535,736
491.8
-0.69
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
November 2023
REAP_PI_SA1400_1200_PN
 
   

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, 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
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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