Oregon vs. Arizona
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2015
Introduction
Oregon:
2015 Earnings = $126,375,925K
2015 Percent of U.S. = 1.1%
2015 Rank = #26
Arizona:
2015 Earnings = $180,699,190K
2015 Percent of U.S. = 1.6%
2015 Rank = #22
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, 1958-2015
Current vs. Constant Dollars (Millions)
Oregon Total Industry Earnings, 1958-2015
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Oregon's annual total industry earnings over 1958-2015 in current and constant (2009) 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 4,023.2%, from $3,065M in 1958 to $126,376M in 2015. When measured in constant 2009 dollars to adjust for inflation, it advanced 539.8%, from $18,034M in 1958 to $115,378M in 2015.
Real Total Industry Earnings, 1958-2015 (Millions)
Real Total Industry Earnings, 1958-2015 (Millions)
Figure 2.
Figure 2 traces Oregon's and Arizona's annual real total industry earnings for the period 1958-2015 to illustrate real total industry earnings patterns over time. During this 58-year period, Oregon's real total industry earnings rose from $18,034M in 1958 to $115,378M in 2015, for a net gain of $97,345M, or 539.8%. In comparison, Arizona's real total industry earnings advanced from $11,472M in 1958 to $164,974M in 2015, for a net gain of $153,502M, or 1,338.1%. Oregon's real total industry earnings ranked 26th among the 51 states in 2015, Arizona's ranked 22nd.
Real Total Industry Earnings Indices (1958=100): 1958-2015
Real Total Industry Earnings Indices (1958=100): 1958-2015
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 539.8% over 1958-2015 trailed Arizona's increase of 1,338.1%, and topped the United States' increase of 449.2%.
Total Industry Earnings as a Percent of the United States Total: 1958-2015
Total Industry Earnings as a Percent of the United States Total: 1958-2015
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Oregon and Arizona is to trace 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 totaled 0.98% of the United States' total industry earnings, while in 2015 it equated to 1.14% thereby yielding a +0.16% share-shift. Similarly, in 1958, Arizona's total industry earnings made up 0.62% of the United States' total industry earnings, while in 2015 it accounted for 1.63%, resulting in a +1.01% share-shift.
   
 
Total Industry Earnings Share-Shift
2015 vs. 1958
 
Share-
Shift*
 
2015
vs.
1958
+0.16%
=
1.14%
-
0.98%
+1.01%
=
1.63%
-
0.62%
 
   
Oregon Real Total Industry Earnings:
Annual Percent Change, 1959-2015
Oregon Real Total Industry Earnings:
Annual Percent Change, 1959-2015
Figure 5.
Figure 5 highlights the short-run pattern of Oregon's real total industry earnings growth by tracking the year-to-year percent change over 1959-2015. The average annual percent change for the entire 57-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, Oregon's real total industry earnings grew at an annual rate of 3.37% over 1959-2015. The state posted its highest growth in 1972 (9.53%) and posted its lowest growth in 1982 (-6.28%). In 2015, Oregon's real total industry earnings grew by 7.12%
Oregon Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2015
Oregon Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1959-2015
Figure 6.
Over the past five decades some states have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in Oregon'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 2010-2015.
During the 1960s, Oregon's annual real total industry earnings growth rate averaged 4.58%. It averaged 4.95% during the 1970s, 1.28% in the 1980s, 4.69% in the 1990s, 1.18% throughout the 2000s, and 2.89% thus far this decade (2010 to 2015).
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 lagged Arizona's average throughout the 1960s (4.58% vs. 6.56%), posted below Arizona's average in the 1970s (4.95% vs. 6.65%), recorded under Arizona's average during the 1980s (1.28% vs. 4.09%), posted below Arizona's average throughout the 1990s (4.69% vs. 5.77%), posted below Arizona's average throughout the 2000s (1.18% vs. 2.70%), and outgained Arizona's average over the 6 year period of the last decade, 2010-2015 (2.89% vs. 1.88%).
Finally, relative to nationwide real total industry earnings growth trends, Oregon lagged the nation throughout the 1960s (4.58% vs. 4.73%), outperformed the nation during the 1970s (4.95% vs. 3.12%), trailed the nation throughout the 1980s (1.28% vs. 2.61%), recorded above the nation in the 1990s (4.69% vs. 3.46%), posted below the nation during the 2000s (1.18% vs. 1.53%), and led the nation over 2010-2015 (2.89% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.37
4.58
4.95
1.28
4.69
1.18
2.89
7.12
 
4.87
6.56
6.65
4.09
5.77
2.70
1.88
4.28
 
3.06
4.73
3.12
2.61
3.46
1.53
2.46
4.28
 
   
   
 
Oregon:
Total Industry Earnings, 1958-2015
 
1958
 
3,064,985
0.170
18,033,567
100.0
N
0.98
28
1959
 
3,355,445
0.173
19,450,727
107.9
7.86
1.00
28
1960
 
3,473,610
0.175
19,809,581
109.8
1.84
1.00
28
1961
 
3,551,200
0.177
20,041,763
111.1
1.17
0.98
29
1962
 
3,790,860
0.179
21,144,913
117.3
5.50
0.99
29
1963
 
4,025,505
0.181
22,194,988
123.1
4.97
1.00
29
1964
 
4,342,391
0.184
23,596,104
130.8
6.31
1.01
29
1965
 
4,724,266
0.187
25,305,405
140.3
7.24
1.02
26
1966
 
5,154,819
0.191
26,927,958
149.3
6.41
1.01
26
1967
 
5,403,225
0.196
27,532,357
152.7
2.24
0.99
28
1968
 
5,898,687
0.204
28,930,732
160.4
5.08
0.99
29
1969
 
6,476,154
0.213
30,385,933
168.5
5.03
0.99
28
1970
 
6,849,617
0.223
30,700,627
170.2
1.04
0.99
30
1971
 
7,469,466
0.233
32,114,304
178.1
4.60
1.00
30
1972
 
8,460,985
0.241
35,173,498
195.0
9.53
1.03
29
1973
 
9,585,985
0.254
37,811,553
209.7
7.50
1.04
29
1974
 
10,693,749
0.280
38,202,876
211.8
1.03
1.07
29
1975
 
11,496,245
0.303
37,903,874
210.2
-0.78
1.08
28
1976
 
13,148,673
0.320
41,098,593
227.9
8.43
1.12
28
1977
 
14,831,702
0.341
43,525,361
241.4
5.90
1.13
27
1978
 
17,168,144
0.365
47,083,740
261.1
8.18
1.16
27
1979
 
19,451,780
0.397
49,001,864
271.7
4.07
1.18
28
1980
 
20,863,961
0.440
47,462,319
263.2
-3.14
1.17
27
1981
 
21,628,720
0.478
45,219,042
250.7
-4.73
1.10
29
1982
 
21,392,901
0.505
42,378,964
235.0
-6.28
1.04
30
1983
 
22,570,105
0.527
42,865,753
237.7
1.15
1.03
29
1984
 
24,735,074
0.546
45,265,027
251.0
5.60
1.02
30
1985
 
26,066,730
0.566
46,068,944
255.5
1.78
1.00
29
1986
 
27,775,456
0.578
48,049,434
266.4
4.30
1.00
29
1987
 
29,683,501
0.597
49,762,785
275.9
3.57
0.99
29
1988
 
32,858,010
0.620
53,019,024
294.0
6.54
1.01
28
1989
 
35,633,488
0.646
55,125,212
305.7
3.97
1.03
28
1990
 
38,952,649
0.674
57,758,969
320.3
4.78
1.06
28
1991
 
41,036,623
0.697
58,916,647
326.7
2.00
1.08
28
1992
 
44,171,426
0.715
61,783,403
342.6
4.87
1.09
28
1993
 
47,309,334
0.733
64,560,562
358.0
4.49
1.11
28
1994
 
50,846,103
0.748
67,973,347
376.9
5.29
1.14
28
1995
 
54,089,561
0.764
70,838,652
392.8
4.22
1.16
28
1996
 
58,809,888
0.780
75,415,663
418.2
6.46
1.18
26
1997
 
63,206,173
0.793
79,678,007
441.8
5.65
1.19
26
1998
 
67,108,697
0.799
83,953,034
465.5
5.37
1.17
26
1999
 
70,640,337
0.811
87,092,019
482.9
3.74
1.16
26
2000
 
76,599,981
0.831
92,143,702
511.0
5.80
1.16
26
2001
 
77,380,189
0.847
91,319,143
506.4
-0.89
1.12
26
2002
 
78,389,844
0.859
91,285,787
506.2
-0.04
1.12
27
2003
 
81,632,145
0.876
93,217,176
516.9
2.12
1.12
27
2004
 
87,036,524
0.897
97,027,439
538.0
4.09
1.13
27
2005
 
91,043,518
0.923
98,680,394
547.2
1.70
1.13
27
2006
 
97,759,286
0.947
103,198,900
572.3
4.58
1.14
26
2007
 
101,474,623
0.971
104,503,124
579.5
1.26
1.14
26
2008
 
103,418,361
1.001
103,351,183
573.1
-1.10
1.14
26
2009
 
97,438,311
1.000
97,438,311
540.3
-5.72
1.11
27
2010
 
98,121,684
1.017
96,526,107
535.3
-0.94
1.09
28
2011
 
101,989,226
1.041
97,926,265
543.0
1.45
1.09
28
2012
 
108,203,385
1.061
101,962,274
565.4
4.12
1.10
29
2013
 
111,510,647
1.075
103,699,966
575.0
1.70
1.10
28
2014
 
117,566,642
1.092
107,711,078
597.3
3.87
1.11
28
2015
 
126,375,925
1.095
115,378,086
639.8
7.12
1.14
26
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 2016
REAP_PI_SA1400_1200_PSN
 
   
   
 
Arizona:
Total Industry Earnings, 1958-2015
 
1958
 
1,949,735
0.170
11,471,729
100.0
N
0.62
35
1959
 
2,144,062
0.173
12,428,624
108.3
8.34
0.64
35
1960
 
2,336,748
0.175
13,326,193
116.2
7.22
0.67
34
1961
 
2,509,085
0.177
14,160,421
123.4
6.26
0.70
34
1962
 
2,709,745
0.179
15,114,597
131.8
6.74
0.71
34
1963
 
2,842,462
0.181
15,672,173
136.6
3.69
0.70
34
1964
 
3,034,854
0.184
16,491,083
143.8
5.23
0.70
32
1965
 
3,195,281
0.187
17,115,437
149.2
3.79
0.69
35
1966
 
3,555,000
0.191
18,570,757
161.9
8.50
0.69
33
1967
 
3,837,989
0.196
19,556,632
170.5
5.31
0.70
32
1968
 
4,363,210
0.204
21,399,823
186.5
9.42
0.73
32
1969
 
4,990,182
0.213
23,413,794
204.1
9.41
0.76
32
1970
 
5,571,941
0.223
24,973,964
217.7
6.66
0.80
32
1971
 
6,355,561
0.233
27,325,169
238.2
9.41
0.85
32
1972
 
7,349,331
0.241
30,552,197
266.3
11.81
0.89
32
1973
 
8,531,224
0.254
33,651,089
293.3
10.14
0.93
32
1974
 
9,479,740
0.280
33,865,890
295.2
0.64
0.95
32
1975
 
9,703,502
0.303
31,993,083
278.9
-5.53
0.91
32
1976
 
10,912,032
0.320
34,107,561
297.3
6.61
0.93
32
1977
 
12,405,572
0.341
36,405,599
317.4
6.74
0.95
31
1978
 
14,720,263
0.365
40,370,411
351.9
10.89
0.99
30
1979
 
17,483,444
0.397
44,043,339
383.9
9.10
1.06
30
1980
 
19,617,010
0.440
44,625,697
389.0
1.32
1.10
29
1981
 
21,796,864
0.478
45,570,580
397.2
2.12
1.11
28
1982
 
22,595,522
0.505
44,761,335
390.2
-1.78
1.10
27
1983
 
24,708,093
0.527
46,926,278
409.1
4.84
1.13
27
1984
 
28,286,570
0.546
51,764,242
451.2
10.31
1.16
27
1985
 
31,530,854
0.566
55,725,945
485.8
7.65
1.20
25
1986
 
34,664,186
0.578
59,966,415
522.7
7.61
1.24
25
1987
 
37,552,224
0.597
62,954,273
548.8
4.98
1.25
25
1988
 
40,778,969
0.620
65,800,124
573.6
4.52
1.25
25
1989
 
42,261,670
0.646
65,379,047
569.9
-0.64
1.22
25
1990
 
44,403,367
0.674
65,841,292
573.9
0.71
1.21
25
1991
 
47,204,398
0.697
67,771,777
590.8
2.93
1.24
25
1992
 
50,737,594
0.715
70,967,625
618.6
4.72
1.25
25
1993
 
54,753,529
0.733
74,719,263
651.3
5.29
1.29
25
1994
 
60,105,583
0.748
80,351,835
700.4
7.54
1.35
23
1995
 
65,434,192
0.764
85,696,202
747.0
6.65
1.40
23
1996
 
71,598,971
0.780
91,815,918
800.4
7.14
1.44
23
1997
 
77,888,983
0.793
98,187,229
855.9
6.94
1.47
23
1998
 
86,383,467
0.799
108,065,786
942.0
10.06
1.51
23
1999
 
92,652,182
0.811
114,230,282
995.8
5.70
1.52
23
2000
 
101,421,670
0.831
122,002,225
1,063.5
6.80
1.53
23
2001
 
105,608,604
0.847
124,632,510
1,086.4
2.16
1.54
23
2002
 
109,045,678
0.859
126,984,824
1,106.9
1.89
1.56
23
2003
 
114,564,429
0.876
130,823,127
1,140.4
3.02
1.58
23
2004
 
124,797,156
0.897
139,122,611
1,212.7
6.34
1.62
22
2005
 
137,468,241
0.923
148,999,297
1,298.8
7.10
1.71
22
2006
 
152,622,726
0.947
161,115,103
1,404.5
8.13
1.79
19
2007
 
158,820,464
0.971
163,560,446
1,425.8
1.52
1.79
19
2008
 
157,537,700
1.001
157,435,367
1,372.4
-3.74
1.73
22
2009
 
147,722,984
1.000
147,722,984
1,287.7
-6.17
1.69
23
2010
 
145,698,241
1.017
143,329,012
1,249.4
-2.97
1.62
23
2011
 
151,754,723
1.041
145,709,246
1,270.2
1.66
1.62
23
2012
 
158,853,517
1.061
149,690,935
1,304.9
2.73
1.61
22
2013
 
165,509,987
1.075
153,916,961
1,341.7
2.82
1.64
22
2014
 
172,673,239
1.092
158,198,112
1,379.0
2.78
1.63
22
2015
 
180,699,190
1.095
164,973,880
1,438.1
4.28
1.63
22
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 2016
REAP_PI_SA1400_1200_PSN
 
   
   
 
United States:
Total Industry Earnings, 1958-2015
 
1958
 
312,897,616
0.170
1,841,007,390
100.0
N
1959
 
334,545,932
0.173
1,939,284,285
105.3
5.34
1960
 
348,795,000
0.175
1,989,136,014
108.0
2.57
1961
 
360,578,000
0.177
2,034,979,401
110.5
2.30
1962
 
384,132,000
0.179
2,142,637,216
116.4
5.29
1963
 
403,399,000
0.181
2,224,177,097
120.8
3.81
1964
 
431,268,000
0.184
2,343,465,739
127.3
5.36
1965
 
464,681,000
0.187
2,489,051,369
135.2
6.21
1966
 
511,558,000
0.191
2,672,297,968
145.2
7.36
1967
 
544,621,000
0.196
2,775,138,854
150.7
3.85
1968
 
597,108,000
0.204
2,928,579,136
159.1
5.53
1969
 
655,222,000
0.213
3,074,283,301
167.0
4.98
1970
 
695,122,000
0.223
3,115,602,169
169.2
1.34
1971
 
744,129,000
0.233
3,199,316,394
173.8
2.69
1972
 
821,953,000
0.241
3,416,973,602
185.6
6.80
1973
 
921,321,000
0.254
3,634,115,652
197.4
6.35
1974
 
996,515,000
0.280
3,559,999,286
193.4
-2.04
1975
 
1,062,436,000
0.303
3,502,921,200
190.3
-1.60
1976
 
1,176,158,000
0.320
3,676,297,940
199.7
4.95
1977
 
1,306,927,000
0.341
3,835,329,851
208.3
4.33
1978
 
1,479,559,000
0.365
4,057,699,586
220.4
5.80
1979
 
1,652,190,000
0.397
4,162,107,013
226.1
2.57
1980
 
1,788,607,000
0.440
4,068,807,298
221.0
-2.24
1981
 
1,963,955,000
0.478
4,106,029,562
223.0
0.91
1982
 
2,055,057,000
0.505
4,071,032,092
221.1
-0.85
1983
 
2,189,442,000
0.527
4,158,247,393
225.9
2.14
1984
 
2,433,929,000
0.546
4,454,074,481
241.9
7.11
1985
 
2,617,433,000
0.566
4,625,911,067
251.3
3.86
1986
 
2,788,677,000
0.578
4,824,199,910
262.0
4.29
1987
 
2,997,904,000
0.597
5,025,823,973
273.0
4.18
1988
 
3,262,349,000
0.620
5,264,060,735
285.9
4.74
1989
 
3,470,801,000
0.646
5,369,349,175
291.7
2.00
1990
 
3,683,053,000
0.674
5,461,229,241
296.6
1.71
1991
 
3,792,707,000
0.697
5,445,223,396
295.8
-0.29
1992
 
4,064,120,000
0.715
5,684,560,942
308.8
4.40
1993
 
4,243,356,000
0.733
5,790,684,917
314.5
1.87
1994
 
4,463,755,000
0.748
5,967,347,566
324.1
3.05
1995
 
4,682,699,000
0.764
6,132,719,105
333.1
2.77
1996
 
4,964,951,000
0.780
6,366,872,700
345.8
3.82
1997
 
5,297,835,000
0.793
6,678,476,433
362.8
4.89
1998
 
5,717,821,000
0.799
7,152,998,649
388.5
7.11
1999
 
6,109,679,000
0.811
7,532,584,145
409.2
5.31
2000
 
6,611,246,000
0.831
7,952,804,610
432.0
5.58
2001
 
6,878,555,000
0.847
8,117,630,051
440.9
2.07
2002
 
7,008,956,000
0.859
8,162,002,026
443.3
0.55
2003
 
7,257,073,000
0.876
8,286,978,715
450.1
1.53
2004
 
7,695,924,000
0.897
8,579,338,484
466.0
3.53
2005
 
8,061,341,000
0.923
8,737,539,155
474.6
1.84
2006
 
8,542,791,000
0.947
9,018,137,001
489.8
3.21
2007
 
8,872,134,000
0.971
9,136,922,000
496.3
1.32
2008
 
9,094,454,000
1.001
9,088,546,445
493.7
-0.53
2009
 
8,743,722,000
1.000
8,743,722,000
474.9
-3.79
2010
 
8,975,826,000
1.017
8,829,868,277
479.6
0.99
2011
 
9,391,240,000
1.041
9,017,119,704
489.8
2.12
2012
 
9,840,233,000
1.061
9,272,653,857
503.7
2.83
2013
 
10,121,757,000
1.075
9,412,785,961
511.3
1.51
2014
 
10,582,613,000
1.092
9,695,476,867
526.6
3.00
2015
 
11,074,659,000
1.095
10,110,889,055
549.2
4.28
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 2016
REAP_PI_SA1400_1200_PN
 
   
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