Rhode Island vs. United States
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1958-2020
Introduction
Rhode Island vs. United States
Rhode Island:
2020 Earnings = $39,605,745K
2020 Percent of U.S. = 0.3%
U.S.:
2020 Earnings = $13,132,607,723K
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.
Rhode Island Total Industry Earnings, 1959-2020
Current vs. Constant Dollars (Millions)
Rhode Island Total Industry Earnings, 1959-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Rhode Island'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 Rhode Island over time.
When measured in current dollars, Rhode Island's total industry earnings increased 2,391.9%, from $1,589M in 1959 to $39,606M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 263.3%, from $9,807M in 1959 to $35,631M in 2020.

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

   
 
Rhode Island:
Total Industry Earnings, 1958-2020
 
1958
 
1,494,070
0.160
9,356,065
100.0
N
0.48
1959
 
1,589,374
0.162
9,806,713
104.8
4.82
0.48
1960
 
1,622,438
0.165
9,849,074
105.3
0.43
0.47
1961
 
1,675,700
0.166
10,067,892
107.6
2.22
0.47
1962
 
1,795,746
0.168
10,664,208
114.0
5.92
0.47
1963
 
1,852,168
0.170
10,869,531
116.2
1.93
0.46
1964
 
1,976,889
0.173
11,435,697
122.2
5.21
0.46
1965
 
2,130,390
0.175
12,148,666
129.8
6.23
0.46
1966
 
2,353,374
0.180
13,089,571
139.9
7.74
0.46
1967
 
2,522,545
0.184
13,686,425
146.3
4.56
0.46
1968
 
2,756,517
0.192
14,392,841
153.8
5.16
0.46
1969
 
2,957,038
0.200
14,774,109
157.9
2.65
0.45
1970
 
3,173,667
0.210
15,148,045
161.9
2.53
0.46
1971
 
3,331,486
0.218
15,253,358
163.0
0.70
0.45
1972
 
3,663,811
0.226
16,221,602
173.4
6.35
0.45
1973
 
3,894,613
0.238
16,362,545
174.9
0.87
0.42
1974
 
3,964,775
0.263
15,086,663
161.3
-7.80
0.40
1975
 
4,124,310
0.285
14,486,512
154.8
-3.98
0.39
1976
 
4,615,049
0.300
15,367,105
164.2
6.08
0.39
1977
 
5,074,089
0.320
15,863,468
169.6
3.23
0.39
1978
 
5,636,785
0.342
16,476,528
176.1
3.86
0.38
1979
 
6,276,019
0.373
16,847,921
180.1
2.25
0.38
1980
 
6,831,269
0.413
16,555,836
177.0
-1.73
0.38
1981
 
7,358,972
0.450
16,368,548
175.0
-1.13
0.38
1982
 
7,728,397
0.475
16,285,395
174.1
-0.51
0.38
1983
 
8,375,682
0.495
16,929,462
180.9
3.95
0.38
1984
 
9,255,667
0.513
18,027,125
192.7
6.48
0.38
1985
 
10,053,903
0.531
18,921,788
202.2
4.96
0.38
1986
 
10,916,583
0.543
20,107,908
214.9
6.27
0.39
1987
 
11,829,095
0.560
21,136,972
225.9
5.12
0.39
1988
 
13,038,796
0.582
22,422,307
239.7
6.08
0.40
1989
 
13,766,018
0.607
22,682,514
242.4
1.16
0.40
1990
 
14,106,505
0.634
22,265,812
238.0
-1.84
0.38
1991
 
13,856,842
0.655
21,164,208
226.2
-4.95
0.37
1992
 
14,713,014
0.672
21,888,503
233.9
3.42
0.36
1993
 
15,244,098
0.689
22,127,530
236.5
1.09
0.36
1994
 
15,771,752
0.703
22,425,355
239.7
1.35
0.35
1995
 
16,491,633
0.718
22,965,330
245.5
2.41
0.35
1996
 
16,981,462
0.733
23,152,540
247.5
0.82
0.34
1997
 
17,899,302
0.746
23,986,307
256.4
3.60
0.34
1998
 
19,369,472
0.752
25,751,797
275.2
7.36
0.34
1999
 
20,607,633
0.763
26,995,249
288.5
4.83
0.34
2000
 
22,240,977
0.782
28,428,423
303.9
5.31
0.34
2001
 
23,244,151
0.797
29,150,657
311.6
2.54
0.34
2002
 
24,486,338
0.808
30,309,000
324.0
3.97
0.35
2003
 
25,913,995
0.824
31,465,061
336.3
3.81
0.36
2004
 
27,217,979
0.844
32,244,588
344.6
2.48
0.35
2005
 
28,009,041
0.868
32,264,020
344.8
0.06
0.35
2006
 
29,368,890
0.892
32,934,364
352.0
2.08
0.34
2007
 
29,871,416
0.914
32,668,492
349.2
-0.81
0.34
2008
 
29,746,729
0.942
31,584,975
337.6
-3.32
0.33
2009
 
28,713,361
0.941
30,515,613
326.2
-3.39
0.33
2010
 
30,603,690
0.957
31,977,107
341.8
4.79
0.34
2011
 
31,192,617
0.981
31,786,711
339.7
-0.60
0.33
2012
 
32,495,196
1.000
32,495,196
347.3
2.23
0.33
2013
 
33,183,036
1.013
32,742,324
350.0
0.76
0.32
2014
 
34,447,326
1.028
33,499,296
358.0
2.31
0.32
2015
 
35,620,308
1.030
34,568,392
369.5
3.19
0.32
2016
 
36,046,486
1.041
34,619,804
370.0
0.15
0.32
2017
 
37,175,867
1.060
35,076,867
374.9
1.32
0.31
2018
 
38,439,889
1.082
35,513,899
379.6
1.25
0.31
2019
 
39,599,804
1.099
36,048,651
385.3
1.51
0.30
2020
 
39,605,745
1.112
35,631,417
380.8
-1.16
0.30
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
April 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
0.160
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
2020
 
13,132,607,723
1.112
11,814,786,443
603.8
-0.78
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
April 2021
REAP_PI_SA1400_1200_PN
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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