Muscatine County vs. Iowa
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Muscatine County vs. Iowa
Muscatine County:
2022 Earnings = $1,772,153K
2022 Percent of State = 1.31%
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.
Muscatine County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Muscatine County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Muscatine 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 Muscatine County over time.
When measured in current dollars, Muscatine County's total industry earnings increased 1,358.77%, from $121M in 1970 to $1,772M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 148.48%, from $615M in 1970 to $1,527M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Muscatine 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, Muscatine County's real total industry earnings rose from $600M in 1969 to $1,527M in 2022, for a net gain of $927M, or 154.52%. In comparison, Iowa's real total industry earnings advanced from $44,240M in 1969 to $116,511M in 2022, for a net gain 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 Muscatine 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.
Muscatine County's overall real total industry earnings growth was 154.52% 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 Muscatine County is to trace 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, Muscatine County's total industry earnings totaled 1.36% of Iowa's total industry earnings, while in 2022 it totaled 1.31% thereby yielding a -0.05% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.05%
=
1.31%
-
1.36%
 
   
Muscatine County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Muscatine County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Muscatine 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 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, Muscatine County's real total industry earnings grew at an annual rate of 1.85% over 1970-2022. The county recorded its highest growth in 1973 (13.73%) and recorded its lowest growth in 2009 (-9.43%). In 2022, Muscatine County's real total industry earnings grew by 2.42%
Muscatine County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Muscatine 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 Muscatine County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Muscatine County's annual real total industry earnings growth rate averaged 4.22%. It averaged 0.99% throughout the 1980s, 2.55% throughout the 1990s, 0.74% throughout the 2000s, 1.35% in the 2010s, -0.06% 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 Muscatine County noted in the previous graph with the corresponding decade averages for Iowa and the nation. As the chart reveals, Muscatine County's average annual real total industry earnings growth exceeded Iowa's average in the 1970s (4.22% vs. 2.90%), outpaced Iowa's average in the 1980s (0.99% vs. 0.24%), posted below Iowa's average throughout the 1990s (2.55% vs. 2.95%), fell below Iowa's average during the 2000s (0.74% vs. 1.71%), trailed Iowa's average during the 2010s (1.35% vs. 1.61%), and fell below Iowa's average over the 3 year period of the current decade, 2020-2022 (-0.06% vs. 2.95%).
Finally, relative to nationwide real total industry earnings growth trends, Muscatine County exceeded the nation throughout the 1970s (4.22% vs. 3.13%), trailed the nation during the 1980s (0.99% vs. 2.62%), fell under the nation in the 1990s (2.55% vs. 3.43%), fell under the nation over the 2000s (0.74% vs. 1.47%), trailed the nation over the 2010s (1.35% vs. 2.53%), and lagged the nation over 2020-2022 (-0.06% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.85
4.22
0.99
2.55
0.74
1.35
-0.06
2.42
 
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.

   
 
Muscatine County:
Total Industry Earnings, 1969-2022
 
1969
 
113,302
0.189
600,021
100.0
N
1.36
1970
 
121,483
0.198
614,606
102.4
2.43
1.39
1971
 
125,681
0.206
609,954
101.7
-0.76
1.39
1972
 
136,779
0.213
641,914
107.0
5.24
1.33
1973
 
163,935
0.225
730,060
121.7
13.73
1.31
1974
 
180,050
0.248
726,213
121.0
-0.53
1.42
1975
 
217,647
0.269
810,302
135.0
11.58
1.56
1976
 
244,358
0.283
862,450
143.7
6.44
1.65
1977
 
258,297
0.302
855,968
142.7
-0.75
1.58
1978
 
290,600
0.323
900,359
150.1
5.19
1.52
1979
 
315,269
0.351
897,103
149.5
-0.36
1.56
1980
 
352,160
0.389
904,644
150.8
0.84
1.72
1981
 
402,514
0.424
948,990
158.2
4.90
1.78
1982
 
407,851
0.448
910,971
151.8
-4.01
1.87
1983
 
406,323
0.467
870,518
145.1
-4.44
1.86
1984
 
456,125
0.484
941,648
156.9
8.17
1.82
1985
 
466,172
0.501
929,963
155.0
-1.24
1.80
1986
 
474,930
0.512
927,254
154.5
-0.29
1.75
1987
 
497,460
0.528
942,123
157.0
1.60
1.70
1988
 
521,022
0.549
949,644
158.3
0.80
1.71
1989
 
563,140
0.573
983,462
163.9
3.56
1.69
1990
 
590,547
0.598
987,950
164.7
0.46
1.68
1991
 
605,711
0.618
980,527
163.4
-0.75
1.69
1992
 
664,554
0.634
1,047,862
174.6
6.87
1.70
1993
 
687,549
0.650
1,057,768
176.3
0.95
1.76
1994
 
724,713
0.664
1,092,159
182.0
3.25
1.66
1995
 
738,406
0.678
1,089,834
181.6
-0.21
1.66
1996
 
795,293
0.692
1,149,218
191.5
5.45
1.63
1997
 
817,976
0.704
1,161,782
193.6
1.09
1.60
1998
 
892,825
0.710
1,258,085
209.7
8.29
1.67
1999
 
906,769
0.720
1,259,384
209.9
0.10
1.63
2000
 
959,120
0.738
1,299,233
216.5
3.16
1.62
2001
 
955,600
0.753
1,269,023
211.5
-2.33
1.58
2002
 
968,779
0.763
1,269,847
211.6
0.06
1.56
2003
 
1,012,045
0.779
1,299,259
216.5
2.32
1.58
2004
 
1,091,913
0.798
1,367,849
228.0
5.28
1.54
2005
 
1,129,216
0.821
1,374,963
229.2
0.52
1.55
2006
 
1,209,590
0.844
1,432,485
238.7
4.18
1.58
2007
 
1,313,646
0.866
1,516,790
252.8
5.89
1.62
2008
 
1,322,109
0.892
1,482,684
247.1
-2.25
1.57
2009
 
1,194,106
0.889
1,342,884
223.8
-9.43
1.47
2010
 
1,208,277
0.905
1,334,906
222.5
-0.59
1.44
2011
 
1,258,920
0.928
1,356,536
226.1
1.62
1.41
2012
 
1,348,794
0.945
1,426,782
237.8
5.18
1.45
2013
 
1,398,387
0.958
1,459,984
243.3
2.33
1.43
2014
 
1,488,338
0.971
1,532,457
255.4
4.96
1.49
2015
 
1,509,337
0.973
1,551,236
258.5
1.23
1.48
2016
 
1,552,361
0.983
1,579,465
263.2
1.82
1.52
2017
 
1,565,427
1.000
1,565,427
260.9
-0.89
1.49
2018
 
1,592,184
1.020
1,560,246
260.0
-0.33
1.46
2019
 
1,584,885
1.035
1,531,098
255.2
-1.87
1.43
2020
 
1,554,470
1.046
1,485,612
247.6
-2.97
1.39
2021
 
1,625,263
1.090
1,491,053
248.5
0.37
1.31
2022
 
1,772,153
1.160
1,527,152
254.5
2.42
1.31
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.

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