Oregon vs. Arizona
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2018
Introduction
Oregon:
2018 Earnings = $150,829,126K
2018 Percent of U.S. = 1.2%
2018 Rank = #24
Arizona:
2018 Earnings = $214,049,641K
2018 Percent of U.S. = 1.7%
2018 Rank = #20
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.
Oregon Total Industry Earnings, 1958-2018
Current vs. Constant Dollars (Millions)
Oregon Total Industry Earnings, 1958-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Oregon's annual total industry earnings over 1958-2018 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 Oregon over time.
When measured in current dollars, Oregon's total industry earnings increased 4,834.6%, from $3,057M in 1958 to $150,829M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 628.1%, from $19,141M in 1958 to $139,360M in 2018.
Real Total Industry Earnings, 1958-2018 (Millions)
Real Total Industry Earnings, 1958-2018 (Millions)
Figure 2.
Figure 2 tracks Oregon's and Arizona's annual real total industry earnings for the period 1958-2018 to illustrate real total industry earnings patterns over time. During this 61-year period, Oregon's real total industry earnings rose from $19,141M in 1958 to $139,360M in 2018, for a net gain of $120,219M, or 628.1%. In comparison, Arizona's real total industry earnings increased from $12,193M in 1958 to $197,773M in 2018, for a net advance of $185,580M, or 1,522.0%. Oregon's real total industry earnings ranked 24th among the 51 states in 2018, Arizona's ranked 20th.
Real Total Industry Earnings Indices (1958=100): 1958-2018
Real Total Industry Earnings Indices (1958=100): 1958-2018
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 628.1% over 1958-2018 trailed Arizona's increase of 1,522.0%, and topped the United States' increase of 486.8%.
Total Industry Earnings as a Percent of the United States Total: 1958-2018
Total Industry Earnings as a Percent of the United States Total: 1958-2018
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Oregon and Arizona is to compare 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 comprised 0.98% of the United States' total industry earnings, while in 2018 it totaled 1.21% thereby yielding a +0.24% share-shift. Similarly, in 1958, Arizona's total industry earnings consisted of 0.62% of the United States' total industry earnings, while in 2018 it consisted of 1.72%, resulting in a +1.10% share-shift.
   
 
Total Industry Earnings Share-Shift
2018 vs. 1958
 
Share-
Shift*
 
2018
vs.
1958
+0.24%
=
1.21%
-
0.98%
+1.10%
=
1.72%
-
0.62%
 
   
Oregon Real Total Industry Earnings:
Annual Percent Change, 1959-2018
Oregon Real Total Industry Earnings:
Annual Percent Change, 1959-2018
Figure 5.
Figure 5 shows the short-run pattern of Oregon's real total industry earnings growth by tracking the year-to-year percent change over 1959-2018. The average annual percent change for the entire 60-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 3.42% over 1959-2018. The state recorded its highest growth in 1972 (9.54%) and recorded its lowest growth in 1982 (-6.18%). In 2018, Oregon's real total industry earnings grew by 2.79%
Oregon Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2018
Oregon Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2018
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 shows 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, and 2010-2018.
During the 1960s, Oregon's annual real total industry earnings growth rate averaged 4.57%. It averaged 4.96% during the 1970s, 1.29% throughout the 1980s, 4.66% during the 1990s, 1.22% during the 2000s, and 3.35% thus far this decade (2010 to 2018).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
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 recorded under Arizona's average during the 1960s (4.57% vs. 6.55%), lagged Arizona's average during the 1970s (4.96% vs. 6.66%), trailed Arizona's average throughout the 1980s (1.29% vs. 4.10%), amounted to less than Arizona's average in the 1990s (4.66% vs. 5.70%), fell below Arizona's average in the 2000s (1.22% vs. 2.62%), and exceeded Arizona's average over the 9 year period of the last decade, 2010-2018 (3.35% vs. 2.78%).
Finally, relative to nationwide real total industry earnings growth trends, Oregon recorded underneath the nation over the 1960s (4.57% vs. 4.72%), surpassed the nation throughout the 1970s (4.96% vs. 3.13%), lagged the nation throughout the 1980s (1.29% vs. 2.62%), topped the nation throughout the 1990s (4.66% vs. 3.43%), posted below the nation over the 2000s (1.22% vs. 1.49%), and outpaced the nation over 2010-2018 (3.35% vs. 2.45%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.42
4.57
4.96
1.29
4.66
1.22
3.35
2.79
 
4.83
6.55
6.66
4.10
5.70
2.62
2.78
3.85
 
3.02
4.72
3.13
2.62
3.43
1.49
2.45
2.37
 
   

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, 1958-2018
 
1958
 
3,056,578
0.160
19,140,698
100.0
N
0.98
28
1959
 
3,346,598
0.162
20,649,090
107.9
7.88
1.00
28
1960
 
3,463,225
0.165
21,023,645
109.8
1.81
0.99
28
1961
 
3,539,196
0.166
21,264,095
111.1
1.14
0.98
29
1962
 
3,778,190
0.168
22,437,140
117.2
5.52
0.99
29
1963
 
4,011,860
0.170
23,543,779
123.0
4.93
1.00
29
1964
 
4,327,933
0.173
25,035,767
130.8
6.34
1.01
29
1965
 
4,708,254
0.175
26,849,076
140.3
7.24
1.02
26
1966
 
5,136,965
0.180
28,572,028
149.3
6.42
1.01
26
1967
 
5,383,462
0.184
29,208,735
152.6
2.23
0.99
28
1968
 
5,876,230
0.192
30,682,070
160.3
5.04
0.99
30
1969
 
6,451,132
0.200
32,231,486
168.4
5.05
0.99
29
1970
 
6,820,919
0.210
32,556,532
170.1
1.01
0.98
30
1971
 
7,436,758
0.218
34,049,531
177.9
4.59
1.00
30
1972
 
8,424,168
0.226
37,298,185
194.9
9.54
1.03
29
1973
 
9,547,742
0.238
40,113,192
209.6
7.55
1.04
29
1974
 
10,650,830
0.263
40,528,272
211.7
1.03
1.07
29
1975
 
11,446,752
0.285
40,206,365
210.1
-0.79
1.08
28
1976
 
13,099,136
0.300
43,617,262
227.9
8.48
1.12
28
1977
 
14,778,338
0.320
46,202,520
241.4
5.93
1.13
27
1978
 
17,108,354
0.342
50,008,342
261.3
8.24
1.16
27
1979
 
19,383,962
0.373
52,036,085
271.9
4.05
1.18
28
1980
 
20,793,402
0.413
50,393,587
263.3
-3.16
1.17
27
1981
 
21,578,295
0.450
47,996,563
250.8
-4.76
1.10
30
1982
 
21,368,509
0.475
45,028,045
235.2
-6.18
1.04
30
1983
 
22,543,438
0.495
45,566,233
238.1
1.20
1.03
29
1984
 
24,707,450
0.513
48,122,334
251.4
5.61
1.02
30
1985
 
26,037,285
0.531
49,003,058
256.0
1.83
1.00
29
1986
 
27,743,866
0.543
51,103,087
267.0
4.29
1.00
29
1987
 
29,649,019
0.560
52,978,735
276.8
3.67
0.99
29
1988
 
32,817,237
0.582
56,434,519
294.8
6.52
1.01
28
1989
 
35,571,130
0.607
58,611,188
306.2
3.86
1.03
28
1990
 
38,896,205
0.634
61,394,057
320.8
4.75
1.06
28
1991
 
40,985,069
0.655
62,598,428
327.0
1.96
1.08
28
1992
 
44,088,746
0.672
65,590,684
342.7
4.78
1.09
28
1993
 
47,210,961
0.689
68,528,945
358.0
4.48
1.11
28
1994
 
50,731,563
0.703
72,133,603
376.9
5.26
1.14
28
1995
 
53,961,431
0.718
75,143,684
392.6
4.17
1.15
28
1996
 
58,664,779
0.733
79,983,611
417.9
6.44
1.18
26
1997
 
63,045,723
0.746
84,485,645
441.4
5.63
1.19
26
1998
 
67,000,387
0.752
89,077,307
465.4
5.43
1.17
26
1999
 
70,515,926
0.763
92,373,295
482.6
3.70
1.16
26
2000
 
76,476,184
0.782
97,751,881
510.7
5.82
1.16
26
2001
 
77,901,978
0.797
97,697,432
510.4
-0.06
1.13
26
2002
 
78,894,907
0.808
97,655,506
510.2
-0.04
1.13
26
2003
 
81,756,974
0.824
99,270,228
518.6
1.65
1.13
26
2004
 
86,829,161
0.844
102,864,746
537.4
3.62
1.13
27
2005
 
91,519,433
0.868
105,422,560
550.8
2.49
1.14
26
2006
 
98,744,922
0.892
110,732,862
578.5
5.04
1.16
26
2007
 
102,283,841
0.914
111,861,415
584.4
1.02
1.15
26
2008
 
103,224,199
0.942
109,603,099
572.6
-2.02
1.15
26
2009
 
97,632,523
0.941
103,760,626
542.1
-5.33
1.12
26
2010
 
99,547,883
0.957
104,015,342
543.4
0.25
1.10
27
2011
 
103,598,133
0.981
105,571,260
551.6
1.50
1.10
28
2012
 
109,893,780
1.000
109,893,780
574.1
4.09
1.11
28
2013
 
113,769,402
1.013
112,258,404
586.5
2.15
1.11
27
2014
 
119,707,670
1.029
116,370,173
608.0
3.66
1.12
27
2015
 
128,378,983
1.031
124,494,747
650.4
6.98
1.16
25
2016
 
135,352,847
1.042
129,853,549
678.4
4.30
1.19
25
2017
 
143,816,035
1.061
135,582,132
708.3
4.41
1.21
24
2018
 
150,829,126
1.082
139,359,813
728.1
2.79
1.21
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
May 2019
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, 1958-2018
 
1958
 
1,947,140
0.160
12,193,249
100.0
N
0.62
35
1959
 
2,141,067
0.162
13,210,755
108.3
8.34
0.64
35
1960
 
2,333,089
0.165
14,163,109
116.2
7.21
0.67
34
1961
 
2,504,702
0.166
15,048,678
123.4
6.25
0.70
34
1962
 
2,705,058
0.168
16,064,244
131.7
6.75
0.71
34
1963
 
2,837,025
0.170
16,649,208
136.5
3.64
0.70
34
1964
 
3,028,674
0.173
17,519,951
143.7
5.23
0.70
32
1965
 
3,188,070
0.175
18,180,144
149.1
3.77
0.69
35
1966
 
3,546,794
0.180
19,727,426
161.8
8.51
0.69
33
1967
 
3,829,236
0.184
20,776,062
170.4
5.32
0.70
32
1968
 
4,353,100
0.192
22,729,219
186.4
9.40
0.73
32
1969
 
4,978,823
0.200
24,875,458
204.0
9.44
0.76
32
1970
 
5,559,082
0.210
26,533,731
217.6
6.67
0.80
32
1971
 
6,340,617
0.218
29,030,800
238.1
9.41
0.85
32
1972
 
7,331,631
0.226
32,460,954
266.2
11.82
0.89
32
1973
 
8,512,199
0.238
35,762,537
293.3
10.17
0.93
32
1974
 
9,458,332
0.263
35,990,609
295.2
0.64
0.95
32
1975
 
9,679,607
0.285
33,999,322
278.8
-5.53
0.91
32
1976
 
10,887,655
0.300
36,253,513
297.3
6.63
0.93
32
1977
 
12,378,251
0.320
38,698,965
317.4
6.75
0.95
32
1978
 
14,689,179
0.342
42,937,006
352.1
10.95
1.00
30
1979
 
17,449,213
0.373
46,842,267
384.2
9.10
1.06
30
1980
 
19,580,342
0.413
47,453,691
389.2
1.31
1.10
29
1981
 
21,771,177
0.450
48,425,591
397.2
2.05
1.11
28
1982
 
22,582,775
0.475
47,586,765
390.3
-1.73
1.10
27
1983
 
24,694,665
0.495
49,914,430
409.4
4.89
1.13
27
1984
 
28,272,120
0.513
55,065,189
451.6
10.32
1.16
27
1985
 
31,514,993
0.531
59,312,292
486.4
7.71
1.20
25
1986
 
34,646,400
0.543
63,817,278
523.4
7.60
1.24
25
1987
 
37,532,988
0.560
67,066,307
550.0
5.09
1.25
25
1988
 
40,754,723
0.582
70,084,303
574.8
4.50
1.25
25
1989
 
42,222,143
0.607
69,570,181
570.6
-0.73
1.22
25
1990
 
44,364,357
0.634
70,025,029
574.3
0.65
1.21
25
1991
 
47,168,534
0.655
72,042,726
590.8
2.88
1.24
25
1992
 
50,683,358
0.672
75,401,467
618.4
4.66
1.25
25
1993
 
54,687,045
0.689
79,380,835
651.0
5.28
1.29
25
1994
 
60,025,915
0.703
85,348,948
700.0
7.52
1.35
23
1995
 
65,341,081
0.718
90,990,351
746.2
6.61
1.40
23
1996
 
71,493,212
0.733
97,473,907
799.4
7.13
1.44
23
1997
 
77,768,047
0.746
104,214,581
854.7
6.92
1.47
23
1998
 
86,135,847
0.752
114,517,984
939.2
9.89
1.51
23
1999
 
92,221,671
0.763
120,807,031
990.8
5.49
1.51
23
2000
 
100,790,169
0.782
128,830,024
1,056.6
6.64
1.53
23
2001
 
104,944,956
0.797
131,612,225
1,079.4
2.16
1.53
23
2002
 
108,532,134
0.808
134,340,237
1,101.8
2.07
1.55
23
2003
 
114,295,135
0.824
138,778,425
1,138.2
3.30
1.58
23
2004
 
124,975,811
0.844
148,056,309
1,214.2
6.69
1.63
22
2005
 
137,528,773
0.868
158,421,385
1,299.3
7.00
1.71
21
2006
 
152,576,251
0.892
171,099,481
1,403.2
8.00
1.79
19
2007
 
159,264,708
0.914
174,177,812
1,428.5
1.80
1.80
19
2008
 
156,856,419
0.942
166,549,606
1,365.9
-4.38
1.74
21
2009
 
145,557,336
0.941
154,693,536
1,268.7
-7.12
1.68
23
2010
 
146,275,244
0.957
152,839,710
1,253.5
-1.20
1.62
23
2011
 
152,291,732
0.981
155,192,276
1,272.8
1.54
1.61
23
2012
 
159,469,640
1.000
159,469,640
1,307.9
2.76
1.61
22
2013
 
166,847,274
1.013
164,631,336
1,350.2
3.24
1.63
22
2014
 
173,963,685
1.029
169,113,510
1,386.9
2.72
1.63
22
2015
 
182,165,548
1.031
176,653,945
1,448.8
4.46
1.64
22
2016
 
190,107,230
1.042
182,383,297
1,495.8
3.24
1.67
21
2017
 
202,015,520
1.061
190,449,521
1,561.9
4.42
1.70
20
2018
 
214,049,641
1.082
197,772,929
1,622.0
3.85
1.72
20
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
May 2019
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, 1958-2018
 
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
 
10,686,606,000
1.029
10,388,659,253
531.0
2.90
2015
 
11,110,111,000
1.031
10,773,963,344
550.6
3.71
2016
 
11,365,731,000
1.042
10,903,948,770
557.3
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
573.3
2.86
2018
 
12,427,227,298
1.082
11,482,239,026
586.8
2.37
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
May 2019
REAP_PI_SA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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