Campbell County vs. Wyoming
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Campbell County vs. Wyoming
Campbell County:
2022 Earnings = $2,248,628K
2022 Percent of State = 9.03%
Wyoming:
2022 Earnings = $24,891,571K
2022 Percent of U.S. = 0.16%
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 counties.
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 county 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.
Campbell County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Campbell County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Campbell County's annual total industry earnings over 1970-2022 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 Campbell County over time.
When measured in current dollars, Campbell County's total industry earnings increased 4,836.83%, from $46M in 1970 to $2,249M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 740.91%, from $230M in 1970 to $1,938M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Campbell County's and Wyoming's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Campbell County's real total industry earnings rose from $213M in 1969 to $1,938M in 2022, for a net gain of $1,725M, or 809.69%. In comparison, Wyoming's real total industry earnings advanced from $5,193M in 1969 to $21,450M in 2022, for a net gain of $16,257M, or 313.03%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Campbell County's real total industry earnings growth in a broader context by offering direct comparisons across time with Wyoming, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 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.
Campbell County's overall real total industry earnings growth was 809.69% over 1969-2022 outpaced Wyoming's increase of 313.03%, and outpaced the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Wyoming Total: 1969-2022
Total Industry Earnings as a Percent of the Wyoming Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Campbell County is to trace its individual percentage contributions to Wyoming's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Wyoming's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Campbell County's total industry earnings totaled 4.10% of Wyoming's total industry earnings, while in 2022 it equated to 9.03% thereby yielding a +4.93% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+4.93%
=
9.03%
-
4.10%
 
   
Campbell County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Campbell County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Campbell County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-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, Campbell County's real total industry earnings grew at an annual rate of 4.80% over 1970-2022. The county posted its highest growth in 1977 (35.81%) and posted its lowest growth in 1983 (-17.20%). In 2022, Campbell County's real total industry earnings grew by 0.50%
Campbell County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Campbell County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties 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 Campbell County's real total industry earnings since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Campbell County's annual real total industry earnings growth rate averaged 14.82%. It averaged 1.25% throughout the 1980s, 3.22% during the 1990s, 8.11% throughout the 2000s, -0.74% throughout the 2010s, -4.00% 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 7.
Figure 7 compares the decade average growth rates for Campbell County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Campbell County's average annual real total industry earnings growth outperformed Wyoming's average during the 1970s (14.82% vs. 8.24%), outgained Wyoming's average in the 1980s (1.25% vs. -1.61%), recorded above Wyoming's average in the 1990s (3.22% vs. 2.85%), outperformed Wyoming's average in the 2000s (8.11% vs. 4.53%), recorded under Wyoming's average in the 2010s (-0.74% vs. 1.13%), and trailed Wyoming's average over the 3 year period of the current decade, 2020-2022 (-4.00% vs. -0.62%).
Finally, relative to nationwide real total industry earnings growth trends, Campbell County outgained the nation during the 1970s (14.82% vs. 3.13%), fell below the nation during the 1980s (1.25% vs. 2.62%), lagged the nation over the 1990s (3.22% vs. 3.43%), exceeded the nation over the 2000s (8.11% vs. 1.47%), trailed the nation over the 2010s (-0.74% vs. 2.53%), and fell below the nation over 2020-2022 (-4.00% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
4.80
14.82
1.25
3.22
8.11
-0.74
-4.00
0.50
 
2.82
8.24
-1.61
2.85
4.53
1.13
-0.62
-1.52
 
2.57
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.

   
 
Campbell County:
Total Industry Earnings, 1969-2022
 
1969
 
40,223
0.189
213,012
100.0
N
4.10
1970
 
45,548
0.198
230,436
108.2
8.18
4.26
1971
 
42,993
0.206
208,653
98.0
-9.45
3.64
1972
 
51,299
0.213
240,750
113.0
15.38
3.80
1973
 
56,976
0.225
253,734
119.1
5.39
3.57
1974
 
70,448
0.248
284,145
133.4
11.99
3.74
1975
 
103,164
0.269
384,080
180.3
35.17
4.85
1976
 
134,889
0.283
476,084
223.5
23.95
5.69
1977
 
195,110
0.302
646,573
303.5
35.81
6.96
1978
 
232,606
0.323
720,678
338.3
11.46
6.85
1979
 
279,489
0.351
795,291
373.4
10.35
6.96
1980
 
340,538
0.389
874,789
410.7
10.00
7.37
1981
 
485,728
0.424
1,145,180
537.6
30.91
9.35
1982
 
536,410
0.448
1,198,119
562.5
4.62
10.18
1983
 
463,024
0.467
991,996
465.7
-17.20
9.24
1984
 
498,089
0.484
1,028,281
482.7
3.66
9.57
1985
 
544,247
0.501
1,085,715
509.7
5.59
10.02
1986
 
499,204
0.512
974,646
457.6
-10.23
9.39
1987
 
460,789
0.528
872,673
409.7
-10.46
9.20
1988
 
452,425
0.549
824,615
387.1
-5.51
8.86
1989
 
477,372
0.573
833,677
391.4
1.10
8.68
1990
 
512,024
0.598
856,586
402.1
2.75
8.60
1991
 
536,405
0.618
868,335
407.6
1.37
8.64
1992
 
551,583
0.634
869,730
408.3
0.16
8.42
1993
 
588,764
0.650
905,791
425.2
4.15
8.46
1994
 
615,604
0.664
927,729
435.5
2.42
8.56
1995
 
638,037
0.678
941,696
442.1
1.51
8.66
1996
 
682,233
0.692
985,843
462.8
4.69
8.96
1997
 
737,696
0.704
1,047,759
491.9
6.28
9.02
1998
 
769,488
0.710
1,084,290
509.0
3.49
9.02
1999
 
822,796
0.720
1,142,756
536.5
5.39
9.00
2000
 
903,654
0.738
1,224,099
574.7
7.12
9.26
2001
 
1,104,527
0.753
1,466,796
688.6
19.83
10.49
2002
 
1,147,214
0.763
1,503,734
705.9
2.52
10.44
2003
 
1,162,047
0.779
1,491,831
700.4
-0.79
10.07
2004
 
1,251,597
0.798
1,567,887
736.1
5.10
10.37
2005
 
1,422,127
0.821
1,731,619
812.9
10.44
10.93
2006
 
1,792,707
0.844
2,123,054
996.7
22.61
11.92
2007
 
1,957,737
0.866
2,260,484
1,061.2
6.47
11.99
2008
 
2,254,772
0.892
2,528,622
1,187.1
11.86
12.39
2009
 
2,157,701
0.889
2,426,537
1,139.2
-4.04
12.36
2010
 
2,366,470
0.905
2,614,480
1,227.4
7.75
12.91
2011
 
2,601,514
0.928
2,803,235
1,316.0
7.22
13.36
2012
 
2,583,560
0.945
2,732,943
1,283.0
-2.51
12.79
2013
 
2,512,219
0.958
2,622,878
1,231.3
-4.03
12.07
2014
 
2,693,794
0.971
2,773,647
1,302.1
5.75
12.29
2015
 
2,539,501
0.973
2,609,997
1,225.3
-5.90
11.65
2016
 
2,145,000
0.983
2,182,451
1,024.6
-16.38
10.53
2017
 
2,111,729
1.000
2,111,729
991.4
-3.24
10.08
2018
 
2,257,807
1.020
2,212,517
1,038.7
4.77
10.21
2019
 
2,271,741
1.035
2,194,643
1,030.3
-0.81
10.04
2020
 
2,106,370
1.046
2,013,064
945.0
-8.27
9.39
2021
 
2,101,559
1.090
1,928,018
905.1
-4.22
8.85
2022
 
2,248,628
1.160
1,937,754
909.7
0.50
9.03
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
Wyoming:
Total Industry Earnings, 1969-2022
 
1969
 
980,672
0.189
5,193,412
100.0
N
0.15
1970
 
1,070,032
0.198
5,413,498
104.2
4.24
0.15
1971
 
1,181,243
0.206
5,732,798
110.4
5.90
0.16
1972
 
1,351,718
0.213
6,343,711
122.1
10.66
0.16
1973
 
1,595,588
0.225
7,105,714
136.8
12.01
0.17
1974
 
1,881,969
0.248
7,590,727
146.2
6.83
0.19
1975
 
2,124,992
0.269
7,911,363
152.3
4.22
0.20
1976
 
2,369,397
0.283
8,362,676
161.0
5.70
0.20
1977
 
2,803,955
0.302
9,292,004
178.9
11.11
0.22
1978
 
3,395,755
0.323
10,520,991
202.6
13.23
0.23
1979
 
4,013,502
0.351
11,420,488
219.9
8.55
0.24
1980
 
4,623,421
0.389
11,876,852
228.7
4.00
0.26
1981
 
5,197,409
0.424
12,253,705
235.9
3.17
0.27
1982
 
5,270,734
0.448
11,772,652
226.7
-3.93
0.26
1983
 
5,012,007
0.467
10,737,867
206.8
-8.79
0.23
1984
 
5,206,765
0.484
10,749,117
207.0
0.10
0.21
1985
 
5,431,677
0.501
10,835,615
208.6
0.80
0.21
1986
 
5,318,647
0.512
10,384,129
199.9
-4.17
0.19
1987
 
5,010,367
0.528
9,488,972
182.7
-8.62
0.17
1988
 
5,104,487
0.549
9,303,722
179.1
-1.95
0.16
1989
 
5,499,884
0.573
9,604,939
184.9
3.24
0.16
1990
 
5,954,978
0.598
9,962,322
191.8
3.72
0.16
1991
 
6,209,148
0.618
10,051,394
193.5
0.89
0.16
1992
 
6,549,361
0.634
10,326,965
198.8
2.74
0.16
1993
 
6,959,118
0.650
10,706,335
206.2
3.67
0.16
1994
 
7,195,050
0.664
10,843,104
208.8
1.28
0.16
1995
 
7,365,424
0.678
10,870,833
209.3
0.26
0.16
1996
 
7,613,703
0.692
11,001,984
211.8
1.21
0.15
1997
 
8,174,479
0.704
11,610,321
223.6
5.53
0.15
1998
 
8,528,389
0.710
12,017,401
231.4
3.51
0.15
1999
 
9,141,509
0.720
12,696,364
244.5
5.65
0.15
2000
 
9,763,725
0.738
13,226,037
254.7
4.17
0.15
2001
 
10,525,807
0.753
13,978,124
269.2
5.69
0.15
2002
 
10,987,523
0.763
14,402,122
277.3
3.03
0.16
2003
 
11,541,056
0.779
14,816,361
285.3
2.88
0.16
2004
 
12,069,280
0.798
15,119,295
291.1
2.04
0.16
2005
 
13,013,401
0.821
15,845,460
305.1
4.80
0.16
2006
 
15,044,916
0.844
17,817,286
343.1
12.44
0.18
2007
 
16,324,676
0.866
18,849,142
362.9
5.79
0.18
2008
 
18,194,968
0.892
20,404,809
392.9
8.25
0.20
2009
 
17,454,921
0.889
19,629,695
378.0
-3.80
0.20
2010
 
18,325,718
0.905
20,246,280
389.8
3.14
0.20
2011
 
19,473,737
0.928
20,983,726
404.0
3.64
0.21
2012
 
20,192,924
0.945
21,360,488
411.3
1.80
0.20
2013
 
20,821,636
0.958
21,738,796
418.6
1.77
0.20
2014
 
21,922,613
0.971
22,572,475
434.6
3.83
0.21
2015
 
21,804,070
0.973
22,409,346
431.5
-0.72
0.20
2016
 
20,366,744
0.983
20,722,339
399.0
-7.53
0.18
2017
 
20,949,932
1.000
20,949,932
403.4
1.10
0.18
2018
 
22,104,955
1.020
21,661,543
417.1
3.40
0.18
2019
 
22,626,745
1.035
21,858,844
420.9
0.91
0.17
2020
 
22,443,359
1.046
21,449,189
413.0
-1.87
0.17
2021
 
23,741,330
1.090
21,780,837
419.4
1.55
0.17
2022
 
24,891,571
1.160
21,450,299
413.0
-1.52
0.16
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

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, 1969-2022
 
1969
 
653,665,000
0.189
3,461,658,635
100.0
N
1970
 
693,352,000
0.198
3,507,801,275
101.3
1.33
1971
 
742,094,000
0.206
3,601,523,902
104.0
2.67
1972
 
819,646,000
0.213
3,846,658,532
111.1
6.81
1973
 
918,964,000
0.225
4,092,469,383
118.2
6.39
1974
 
993,909,000
0.248
4,008,829,105
115.8
-2.04
1975
 
1,059,492,000
0.269
3,944,497,394
113.9
-1.60
1976
 
1,173,271,000
0.283
4,141,005,188
119.6
4.98
1977
 
1,303,767,000
0.302
4,320,542,816
124.8
4.34
1978
 
1,476,080,000
0.323
4,573,305,242
132.1
5.85
1979
 
1,648,363,000
0.351
4,690,444,754
135.5
2.56
1980
 
1,784,597,000
0.389
4,584,353,165
132.4
-2.26
1981
 
1,961,173,000
0.424
4,623,772,250
133.6
0.86
1982
 
2,053,729,000
0.448
4,587,185,902
132.5
-0.79
1983
 
2,188,018,000
0.467
4,687,672,466
135.4
2.19
1984
 
2,432,402,000
0.484
5,021,577,654
145.1
7.12
1985
 
2,615,791,000
0.501
5,218,223,348
150.7
3.92
1986
 
2,786,901,000
0.512
5,441,146,840
157.2
4.27
1987
 
2,996,000,000
0.528
5,674,027,499
163.9
4.28
1988
 
3,259,979,000
0.549
5,941,819,010
171.6
4.72
1989
 
3,467,027,000
0.573
6,054,778,994
174.9
1.90
1990
 
3,679,460,000
0.598
6,155,516,520
177.8
1.66
1991
 
3,789,428,000
0.618
6,134,341,309
177.2
-0.34
1992
 
4,059,023,000
0.634
6,400,225,481
184.9
4.33
1993
 
4,237,437,000
0.650
6,519,133,846
188.3
1.86
1994
 
4,456,948,000
0.664
6,716,721,924
194.0
3.03
1995
 
4,674,849,000
0.678
6,899,738,761
199.3
2.72
1996
 
4,956,180,000
0.692
7,161,799,344
206.9
3.80
1997
 
5,288,047,000
0.704
7,510,683,597
217.0
4.87
1998
 
5,707,014,000
0.710
8,041,785,619
232.3
7.07
1999
 
6,098,042,000
0.720
8,469,385,147
244.7
5.32
2000
 
6,598,743,000
0.738
8,938,721,519
258.2
5.54
2001
 
6,865,291,000
0.753
9,117,010,172
263.4
1.99
2002
 
7,001,002,000
0.763
9,176,707,606
265.1
0.65
2003
 
7,243,377,000
0.779
9,299,017,896
268.6
1.33
2004
 
7,674,785,000
0.798
9,614,272,113
277.7
3.39
2005
 
8,039,238,000
0.821
9,788,788,097
282.8
1.82
2006
 
8,519,349,000
0.844
10,089,233,775
291.5
3.07
2007
 
8,866,261,000
0.866
10,237,349,175
295.7
1.47
2008
 
9,014,085,000
0.892
10,108,876,304
292.0
-1.25
2009
 
8,688,913,000
0.889
9,771,497,172
282.3
-3.34
2010
 
9,023,916,000
0.905
9,969,635,637
288.0
2.03
2011
 
9,444,387,000
0.928
10,176,702,513
294.0
2.08
2012
 
9,854,834,000
0.945
10,424,645,101
301.1
2.44
2013
 
10,180,570,000
0.958
10,629,007,841
307.0
1.96
2014
 
10,613,874,000
0.971
10,928,505,678
315.7
2.82
2015
 
11,039,821,000
0.973
11,346,284,134
327.8
3.82
2016
 
11,311,477,000
0.983
11,508,970,941
332.5
1.43
2017
 
11,848,205,000
1.000
11,848,205,000
342.3
2.95
2018
 
12,438,590,000
1.020
12,189,079,542
352.1
2.88
2019
 
12,989,097,000
1.035
12,548,276,062
362.5
2.95
2020
 
13,158,025,000
1.046
12,575,166,053
363.3
0.21
2021
 
14,278,043,000
1.090
13,099,001,844
378.4
4.17
2022
 
15,207,952,000
1.160
13,105,445,395
378.6
0.05
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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