Nebraska vs. United States
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2020
Introduction
Nebraska vs. United States
Nebraska:
2020 Earnings = $79,650,506K
2020 Percent of U.S. = 0.6%
U.S.:
2020 Earnings = $13,202,475,000K
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, 1959-2020
Current vs. Constant Dollars (Millions)
Nebraska Total Industry Earnings, 1959-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Nebraska's annual total industry earnings over 1959-2020 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 3,253.3%, from $2,375M in 1959 to $79,651M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 387.7%, from $14,684M in 1959 to $71,612M in 2020.
Real Total Industry Earnings Indices (1958=100): 1958-2020
Real Total Industry Earnings Indices (1958=100): 1958-2020
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 380.5% over 1958-2020 trailed the United States' increase of 505.5%.
Total Industry Earnings as a Percent of the United States Total: 1958-2020
Total Industry Earnings as a Percent of the United States Total: 1958-2020
Figure 3.
Another interesting and insightful way of contrasting 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 comprised 0.76% of the United States' total industry earnings, while in 2020 it comprised 0.60% thereby yielding a -0.16% share-shift.
   
 
Total Industry Earnings Share-Shift
2020 vs. 1958
 
Share-
Shift*
 
2020
vs.
1958
-0.16%
=
0.60%
-
0.76%
 
   
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2020
Nebraska Real Total Industry Earnings:
Annual Percent Change, 1959-2020
Figure 4.
Figure 4 displays the short-run pattern of Nebraska's real total industry earnings growth by tracking the year-to-year percent change over 1959-2020. The average annual percent change for the entire 62-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 2.63% over 1959-2020. The state recorded its highest growth in 1973 (11.25%) and recorded its lowest growth in 1980 (-8.05%). In 2020, Nebraska's real total industry earnings grew by 3.32%
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2020
Nebraska Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2020
Figure 5.
Over the past nine decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 5 again depicts the annual percent change in Nebraska's real total industry earnings since 1959, but this time they are overlayed with average growth rates for the decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010-2020.
During the 1960s, Nebraska's annual real total industry earnings growth rate averaged 4.27%. It averaged 2.98% during the 1970s, 1.55% during the 1980s, 3.32% in the 1990s, 1.98% throughout the 2000s, and 2.03% thus far this decade (2010 to 2020).
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 trailed the nation during the 1960s (4.27% vs. 4.72%), posted below the nation over the 1970s (2.98% vs. 3.13%), lagged the nation over the 1980s (1.55% vs. 2.62%), posted below the nation throughout the 1990s (3.32% vs. 3.43%), surpassed the nation in the 2000s (1.98% vs. 1.47%), and fell under the nation over 2010-2020 (2.03% vs. 2.52%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.63
4.27
2.98
1.55
3.32
1.98
2.03
3.32
 
2.98
4.72
3.13
2.62
3.43
1.47
2.52
0.18
 
   

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, 1958-2020
 
1958
 
2,375,321
0.159
14,903,507
100.0
N
0.76
1959
 
2,375,283
0.162
14,683,995
98.5
-1.47
0.71
1960
 
2,545,655
0.164
15,483,578
103.9
5.45
0.73
1961
 
2,582,511
0.166
15,546,057
104.3
0.40
0.72
1962
 
2,825,041
0.168
16,809,717
112.8
8.13
0.74
1963
 
2,865,177
0.170
16,847,045
113.0
0.22
0.71
1964
 
2,929,886
0.173
16,980,909
113.9
0.79
0.68
1965
 
3,229,462
0.175
18,451,960
123.8
8.66
0.70
1966
 
3,527,335
0.179
19,657,462
131.9
6.53
0.69
1967
 
3,653,868
0.184
19,863,376
133.3
1.05
0.67
1968
 
3,900,619
0.191
20,406,063
136.9
2.73
0.65
1969
 
4,433,936
0.200
22,196,316
148.9
8.77
0.68
1970
 
4,692,643
0.209
22,442,099
150.6
1.11
0.68
1971
 
5,156,088
0.218
23,653,950
158.7
5.40
0.69
1972
 
5,712,919
0.225
25,343,443
170.1
7.14
0.70
1973
 
6,697,739
0.238
28,193,884
189.2
11.25
0.73
1974
 
6,831,868
0.262
26,047,001
174.8
-7.61
0.69
1975
 
7,713,251
0.284
27,144,997
182.1
4.22
0.73
1976
 
8,056,211
0.300
26,877,330
180.3
-0.99
0.69
1977
 
8,671,862
0.319
27,164,934
182.3
1.07
0.67
1978
 
10,185,123
0.341
29,829,032
200.1
9.81
0.69
1979
 
10,918,870
0.372
29,369,170
197.1
-1.54
0.66
1980
 
11,121,283
0.412
27,005,204
181.2
-8.05
0.62
1981
 
12,701,979
0.449
28,307,769
189.9
4.82
0.65
1982
 
13,107,205
0.474
27,673,933
185.7
-2.24
0.64
1983
 
13,511,005
0.494
27,362,398
183.6
-1.13
0.62
1984
 
15,326,676
0.512
29,909,795
200.7
9.31
0.63
1985
 
16,346,215
0.530
30,823,886
206.8
3.06
0.62
1986
 
16,919,830
0.542
31,226,617
209.5
1.31
0.61
1987
 
18,051,187
0.559
32,317,943
216.8
3.49
0.60
1988
 
19,560,386
0.580
33,702,722
226.1
4.28
0.60
1989
 
20,546,317
0.606
33,920,486
227.6
0.65
0.59
1990
 
22,198,295
0.632
35,106,664
235.6
3.50
0.60
1991
 
22,977,372
0.653
35,163,168
235.9
0.16
0.61
1992
 
24,558,018
0.671
36,606,225
245.6
4.10
0.61
1993
 
25,304,841
0.688
36,802,759
246.9
0.54
0.60
1994
 
27,063,746
0.702
38,556,189
258.7
4.76
0.61
1995
 
28,227,016
0.717
39,384,153
264.3
2.15
0.60
1996
 
31,030,006
0.732
42,388,402
284.4
7.63
0.63
1997
 
31,797,165
0.745
42,693,366
286.5
0.72
0.60
1998
 
33,762,107
0.751
44,974,167
301.8
5.34
0.59
1999
 
35,720,571
0.762
46,899,547
314.7
4.28
0.59
2000
 
37,537,815
0.781
48,069,939
322.5
2.50
0.57
2001
 
39,445,872
0.797
49,520,277
332.3
3.02
0.57
2002
 
40,292,249
0.807
49,927,200
335.0
0.82
0.58
2003
 
43,103,671
0.824
52,311,550
351.0
4.78
0.60
2004
 
45,493,634
0.844
53,874,962
361.5
2.99
0.59
2005
 
46,918,516
0.869
54,006,303
362.4
0.24
0.58
2006
 
48,301,377
0.893
54,075,566
362.8
0.13
0.57
2007
 
51,487,034
0.916
56,199,963
377.1
3.93
0.58
2008
 
53,532,981
0.943
56,753,757
380.8
0.99
0.59
2009
 
53,579,563
0.941
56,961,964
382.2
0.37
0.62
2010
 
56,453,763
0.957
58,961,391
395.6
3.51
0.63
2011
 
63,172,530
0.982
64,350,138
431.8
9.14
0.67
2012
 
64,108,009
1.000
64,108,009
430.2
-0.38
0.65
2013
 
66,290,710
1.014
65,405,125
438.9
2.02
0.65
2014
 
69,818,737
1.029
67,859,629
455.3
3.75
0.65
2015
 
72,188,262
1.031
70,006,849
469.7
3.16
0.65
2016
 
70,383,263
1.041
67,580,043
453.5
-3.47
0.62
2017
 
71,646,469
1.061
67,558,504
453.3
-0.03
0.60
2018
 
74,148,317
1.083
68,454,289
459.3
1.33
0.59
2019
 
76,187,474
1.099
69,310,487
465.1
1.25
0.58
2020
 
79,650,506
1.112
71,612,053
480.5
3.32
0.60
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 2021
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, 1958-2020
 
1958
 
312,448,433
0.159
1,960,399,253
100.0
N
1959
 
334,064,584
0.162
2,065,186,597
105.3
5.35
1960
 
348,226,000
0.164
2,118,034,183
108.0
2.56
1961
 
359,911,000
0.166
2,166,572,357
110.5
2.29
1962
 
383,422,000
0.168
2,281,459,003
116.4
5.30
1963
 
402,628,000
0.170
2,367,425,178
120.8
3.77
1964
 
430,423,000
0.173
2,494,627,333
127.3
5.37
1965
 
463,749,000
0.175
2,649,691,464
135.2
6.22
1966
 
510,521,000
0.179
2,845,079,135
145.1
7.37
1967
 
543,468,000
0.184
2,954,433,270
150.7
3.84
1968
 
595,758,000
0.191
3,116,704,159
159.0
5.49
1969
 
653,665,000
0.200
3,272,251,702
166.9
4.99
1970
 
693,352,000
0.209
3,315,887,135
169.1
1.33
1971
 
742,094,000
0.218
3,404,413,249
173.7
2.67
1972
 
819,646,000
0.225
3,636,083,755
185.5
6.81
1973
 
918,964,000
0.238
3,868,344,839
197.3
6.39
1974
 
993,909,000
0.262
3,789,351,481
193.3
-2.04
1975
 
1,059,492,000
0.284
3,728,636,284
190.2
-1.60
1976
 
1,173,271,000
0.300
3,914,295,723
199.7
4.98
1977
 
1,303,767,000
0.319
4,084,099,239
208.3
4.34
1978
 
1,476,080,000
0.341
4,322,975,546
220.5
5.85
1979
 
1,648,363,000
0.372
4,433,705,417
226.2
2.56
1980
 
1,784,597,000
0.412
4,333,439,367
221.0
-2.26
1981
 
1,961,173,000
0.449
4,370,691,538
222.9
0.86
1982
 
2,053,729,000
0.474
4,336,146,359
221.2
-0.79
1983
 
2,188,018,000
0.494
4,431,159,626
226.0
2.19
1984
 
2,432,402,000
0.512
4,746,798,587
242.1
7.12
1985
 
2,615,791,000
0.530
4,932,569,629
251.6
3.91
1986
 
2,786,901,000
0.542
5,143,402,111
262.4
4.27
1987
 
2,996,000,000
0.559
5,363,888,640
273.6
4.29
1988
 
3,259,979,000
0.580
5,616,973,362
286.5
4.72
1989
 
3,467,027,000
0.606
5,723,811,332
292.0
1.90
1990
 
3,679,460,000
0.632
5,819,076,086
296.8
1.66
1991
 
3,789,428,000
0.653
5,799,109,343
295.8
-0.34
1992
 
4,059,023,000
0.671
6,050,386,811
308.6
4.33
1993
 
4,237,437,000
0.688
6,162,827,598
314.4
1.86
1994
 
4,456,948,000
0.702
6,349,561,922
323.9
3.03
1995
 
4,674,849,000
0.717
6,522,650,723
332.7
2.73
1996
 
4,956,180,000
0.732
6,770,367,740
345.4
3.80
1997
 
5,288,047,000
0.745
7,100,146,352
362.2
4.87
1998
 
5,707,014,000
0.751
7,602,256,561
387.8
7.07
1999
 
6,098,042,000
0.762
8,006,462,371
408.4
5.32
2000
 
6,598,743,000
0.781
8,450,176,719
431.0
5.54
2001
 
6,865,291,000
0.797
8,618,674,048
439.6
1.99
2002
 
7,001,002,000
0.807
8,675,128,250
442.5
0.66
2003
 
7,243,377,000
0.824
8,790,719,435
448.4
1.33
2004
 
7,674,785,000
0.844
9,088,716,649
463.6
3.39
2005
 
8,039,238,000
0.869
9,253,692,619
472.0
1.82
2006
 
8,519,349,000
0.893
9,537,794,720
486.5
3.07
2007
 
8,866,152,000
0.916
9,677,726,112
493.7
1.47
2008
 
9,014,034,000
0.943
9,556,357,275
487.5
-1.25
2009
 
8,688,852,000
0.941
9,237,366,843
471.2
-3.34
2010
 
9,023,830,000
0.957
9,424,660,825
480.8
2.03
2011
 
9,444,365,000
0.982
9,620,418,662
490.7
2.08
2012
 
9,902,321,000
1.000
9,902,321,000
505.1
2.93
2013
 
10,232,098,000
1.014
10,095,406,200
515.0
1.95
2014
 
10,688,401,000
1.029
10,388,485,426
529.9
2.90
2015
 
11,115,543,000
1.031
10,779,649,133
549.9
3.77
2016
 
11,384,770,000
1.041
10,931,338,096
557.6
1.41
2017
 
11,926,173,000
1.061
11,245,695,939
573.6
2.88
2018
 
12,515,233,000
1.083
11,554,158,127
589.4
2.74
2019
 
13,024,685,000
1.099
11,849,024,763
604.4
2.55
2020
 
13,202,475,000
1.112
11,870,060,688
605.5
0.18
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 2021
REAP_PI_SA1400_1200_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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