Fayette County vs. Iowa
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Fayette County vs. Iowa
Fayette County:
2022 Earnings = $564,937K
2022 Percent of State = 0.42%
Iowa:
2022 Earnings = $135,203,174K
2022 Percent of U.S. = 0.89%
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.
Fayette County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Fayette County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Fayette 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 Fayette County over time.
When measured in current dollars, Fayette County's total industry earnings increased 770.18%, from $65M in 1970 to $565M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 48.22%, from $328M in 1970 to $487M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Fayette County's and Iowa'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, Fayette County's real total industry earnings rose from $327M in 1969 to $487M in 2022, for a net gain of $160M, or 48.84%. In comparison, Iowa's real total industry earnings increased from $44,240M in 1969 to $116,511M in 2022, for a net advance of $72,272M, or 163.36%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Fayette County's real total industry earnings growth in a broader context by offering direct comparisons across time with Iowa, 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.
Fayette County's overall real total industry earnings growth was 48.84% over 1969-2022 trailed Iowa's increase of 163.36%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Iowa Total: 1969-2022
Total Industry Earnings as a Percent of the Iowa Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Fayette County is to compare its individual percentage contributions to Iowa'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 Iowa's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Fayette County's total industry earnings totaled 0.74% of Iowa's total industry earnings, while in 2022 it totaled 0.42% thereby yielding a -0.32% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.32%
=
0.42%
-
0.74%
 
   
Fayette County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Fayette County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Fayette 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, Fayette County's real total industry earnings grew at an annual rate of 1.20% over 1970-2022. The county recorded its highest growth in 1984 (31.00%) and posted its lowest growth in 1980 (-20.01%). In 2022, Fayette County's real total industry earnings grew by 5.66%
Fayette County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Fayette 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 shows the annual percent change in Fayette 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, Fayette County's annual real total industry earnings growth rate averaged 1.90%. It averaged -0.42% in the 1980s, 1.36% during the 1990s, 0.32% throughout the 2000s, 1.71% in the 2010s, 4.91% 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 Fayette County noted in the previous graph with the corresponding decade averages for Iowa and the nation. As the chart reveals, Fayette County's average annual real total industry earnings growth fell below Iowa's average throughout the 1970s (1.90% vs. 2.90%), lagged Iowa's average during the 1980s (-0.42% vs. 0.24%), amounted to less than Iowa's average in the 1990s (1.36% vs. 2.95%), trailed Iowa's average throughout the 2000s (0.32% vs. 1.71%), registered above Iowa's average during the 2010s (1.71% vs. 1.61%), and outpaced Iowa's average over the 3 year period of the current decade, 2020-2022 (4.91% vs. 2.95%).
Finally, relative to nationwide real total industry earnings growth trends, Fayette County trailed the nation during the 1970s (1.90% vs. 3.13%), fell below the nation in the 1980s (-0.42% vs. 2.62%), posted below the nation during the 1990s (1.36% vs. 3.43%), recorded underneath the nation over the 2000s (0.32% vs. 1.47%), recorded underneath the nation during the 2010s (1.71% vs. 2.53%), and outperformed the nation over 2020-2022 (4.91% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.20
1.90
-0.42
1.36
0.32
1.71
4.91
5.66
 
1.94
2.90
0.24
2.95
1.71
1.61
2.95
2.21
 
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.

   
 
Fayette County:
Total Industry Earnings, 1969-2022
 
1969
 
61,762
0.189
327,077
100.0
N
0.74
1970
 
64,922
0.198
328,453
100.4
0.42
0.74
1971
 
63,234
0.206
306,887
93.8
-6.57
0.70
1972
 
73,059
0.213
342,871
104.8
11.73
0.71
1973
 
93,152
0.225
414,839
126.8
20.99
0.74
1974
 
92,108
0.248
371,508
113.6
-10.45
0.72
1975
 
95,113
0.269
354,106
108.3
-4.68
0.68
1976
 
99,762
0.283
352,105
107.7
-0.57
0.68
1977
 
110,707
0.302
366,871
112.2
4.19
0.68
1978
 
133,006
0.323
412,089
126.0
12.33
0.70
1979
 
132,628
0.351
377,395
115.4
-8.42
0.65
1980
 
117,511
0.389
301,868
92.3
-20.01
0.57
1981
 
133,163
0.424
313,953
96.0
4.00
0.59
1982
 
119,515
0.448
266,947
81.6
-14.97
0.55
1983
 
116,165
0.467
248,875
76.1
-6.77
0.53
1984
 
157,925
0.484
326,029
99.7
31.00
0.63
1985
 
152,679
0.501
304,578
93.1
-6.58
0.59
1986
 
155,298
0.512
303,204
92.7
-0.45
0.57
1987
 
174,554
0.528
330,582
101.1
9.03
0.60
1988
 
161,672
0.549
294,672
90.1
-10.86
0.53
1989
 
187,936
0.573
328,209
100.3
11.38
0.56
1990
 
201,121
0.598
336,463
102.9
2.51
0.57
1991
 
195,645
0.618
316,711
96.8
-5.87
0.54
1992
 
212,918
0.634
335,727
102.6
6.00
0.54
1993
 
195,800
0.650
301,231
92.1
-10.28
0.50
1994
 
242,246
0.664
365,070
111.6
21.19
0.56
1995
 
239,421
0.678
353,368
108.0
-3.21
0.54
1996
 
274,024
0.692
395,971
121.1
12.06
0.56
1997
 
280,697
0.704
398,678
121.9
0.68
0.55
1998
 
267,716
0.710
377,240
115.3
-5.38
0.50
1999
 
260,477
0.720
361,769
110.6
-4.10
0.47
2000
 
279,833
0.738
379,065
115.9
4.78
0.47
2001
 
276,975
0.753
367,819
112.5
-2.97
0.46
2002
 
278,002
0.763
364,397
111.4
-0.93
0.45
2003
 
278,846
0.779
357,981
109.4
-1.76
0.43
2004
 
326,119
0.798
408,532
124.9
14.12
0.46
2005
 
337,528
0.821
410,983
125.7
0.60
0.46
2006
 
322,537
0.844
381,972
116.8
-7.06
0.42
2007
 
350,467
0.866
404,664
123.7
5.94
0.43
2008
 
352,789
0.892
395,636
121.0
-2.23
0.42
2009
 
326,099
0.889
366,729
112.1
-7.31
0.40
2010
 
372,546
0.905
411,589
125.8
12.23
0.44
2011
 
449,229
0.928
484,062
148.0
17.61
0.50
2012
 
450,316
0.945
476,353
145.6
-1.59
0.48
2013
 
471,600
0.958
492,373
150.5
3.36
0.48
2014
 
445,713
0.971
458,925
140.3
-6.79
0.45
2015
 
438,877
0.973
451,060
137.9
-1.71
0.43
2016
 
412,853
0.983
420,061
128.4
-6.87
0.40
2017
 
431,420
1.000
431,420
131.9
2.70
0.41
2018
 
454,415
1.020
445,300
136.1
3.22
0.42
2019
 
437,693
1.035
422,839
129.3
-5.04
0.40
2020
 
437,839
1.046
418,444
127.9
-1.04
0.39
2021
 
502,250
1.090
460,776
140.9
10.12
0.40
2022
 
564,937
1.160
486,834
148.8
5.66
0.42
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-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.

   
 
Iowa:
Total Industry Earnings, 1969-2022
 
1969
 
8,353,791
0.189
44,239,745
100.0
N
1.28
1970
 
8,755,522
0.198
44,295,872
100.1
0.13
1.26
1971
 
9,059,918
0.206
43,969,512
99.4
-0.74
1.22
1972
 
10,254,957
0.213
48,127,262
108.8
9.46
1.25
1973
 
12,556,835
0.225
55,919,996
126.4
16.19
1.37
1974
 
12,721,635
0.248
51,311,398
116.0
-8.24
1.28
1975
 
13,951,441
0.269
51,941,329
117.4
1.23
1.32
1976
 
14,779,011
0.283
52,161,829
117.9
0.42
1.26
1977
 
16,332,900
0.302
54,125,464
122.3
3.76
1.25
1978
 
19,121,772
0.323
59,244,553
133.9
9.46
1.30
1979
 
20,259,727
0.351
57,649,395
130.3
-2.69
1.23
1980
 
20,472,666
0.389
52,591,107
118.9
-8.77
1.15
1981
 
22,566,395
0.424
53,203,808
120.3
1.17
1.15
1982
 
21,765,144
0.448
48,614,380
109.9
-8.63
1.06
1983
 
21,846,223
0.467
46,803,974
105.8
-3.72
1.00
1984
 
24,996,916
0.484
51,604,938
116.6
10.26
1.03
1985
 
25,949,442
0.501
51,766,362
117.0
0.31
0.99
1986
 
27,110,223
0.512
52,930,012
119.6
2.25
0.97
1987
 
29,276,589
0.528
55,445,985
125.3
4.75
0.98
1988
 
30,491,259
0.549
55,575,064
125.6
0.23
0.94
1989
 
33,266,972
0.573
58,097,085
131.3
4.54
0.96
1990
 
35,169,556
0.598
58,836,564
133.0
1.27
0.96
1991
 
35,921,378
0.618
58,149,671
131.4
-1.17
0.95
1992
 
39,141,254
0.634
61,717,524
139.5
6.14
0.96
1993
 
39,123,547
0.650
60,190,072
136.1
-2.47
0.92
1994
 
43,608,087
0.664
65,718,378
148.6
9.18
0.98
1995
 
44,589,079
0.678
65,810,253
148.8
0.14
0.95
1996
 
48,649,361
0.692
70,299,497
158.9
6.82
0.98
1997
 
50,966,423
0.704
72,388,290
163.6
2.97
0.96
1998
 
53,438,326
0.710
75,300,247
170.2
4.02
0.94
1999
 
55,618,867
0.720
77,247,354
174.6
2.59
0.91
2000
 
59,219,351
0.738
80,219,109
181.3
3.85
0.90
2001
 
60,578,124
0.753
80,446,899
181.8
0.28
0.88
2002
 
61,905,637
0.763
81,144,089
183.4
0.87
0.88
2003
 
64,174,446
0.779
82,386,892
186.2
1.53
0.89
2004
 
70,686,311
0.798
88,549,377
200.2
7.48
0.92
2005
 
73,000,507
0.821
88,887,342
200.9
0.38
0.91
2006
 
76,512,614
0.844
90,611,812
204.8
1.94
0.90
2007
 
80,885,862
0.866
93,394,139
211.1
3.07
0.91
2008
 
84,476,120
0.892
94,736,032
214.1
1.44
0.94
2009
 
81,075,058
0.889
91,176,503
206.1
-3.76
0.93
2010
 
83,779,797
0.905
92,560,043
209.2
1.52
0.93
2011
 
89,364,996
0.928
96,294,336
217.7
4.03
0.95
2012
 
93,331,332
0.945
98,727,793
223.2
2.53
0.95
2013
 
97,499,356
0.958
101,794,047
230.1
3.11
0.96
2014
 
99,732,472
0.971
102,688,885
232.1
0.88
0.94
2015
 
102,280,273
0.973
105,119,552
237.6
2.37
0.93
2016
 
102,194,461
0.983
103,978,736
235.0
-1.09
0.90
2017
 
104,920,838
1.000
104,920,838
237.2
0.91
0.89
2018
 
109,311,797
1.020
107,119,070
242.1
2.10
0.88
2019
 
110,639,785
1.035
106,884,918
241.6
-0.22
0.85
2020
 
112,022,866
1.046
107,060,607
242.0
0.16
0.85
2021
 
124,247,885
1.090
113,987,840
257.7
6.47
0.87
2022
 
135,203,174
1.160
116,511,271
263.4
2.21
0.89
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-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 Iowa Regional Economic Analysis Project (IA-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.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, IA-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.