Bradford County vs. Pennsylvania
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Bradford County:
2017 Earnings = $1,626,021K
2017 Percent of State = 0.3%
Pennsylvania:
2017 Earnings = $478,607,219K
2017 Percent of State = 4.0%
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.
Bradford County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Bradford County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Bradford County's annual total industry earnings over 1969-2017 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 Bradford County over time.
When measured in current dollars, Bradford County's total industry earnings increased 1,128.3%, from $132M in 1969 to $1,626M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 131.8%, from $661M in 1969 to $1,533M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 traces Bradford County's and Pennsylvania's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, Bradford County's real total industry earnings rose from $661M in 1969 to $1,533M in 2017, for a net gain of $872M, or 131.8%. In comparison, Pennsylvania's real total industry earnings increased from $192,524M in 1969 to $451,206M in 2017, for a net gain of $258,682M, or 134.4%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Bradford County's real total industry earnings growth in a broader context by offering direct comparisons across time with Pennsylvania, 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.
Bradford County's overall real total industry earnings growth was 131.8% over 1969-2017 trailed Pennsylvania's increase of 134.4%, and fell below the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the Pennsylvania Total: 1969-2017
Total Industry Earnings as a Percent of the Pennsylvania Total: 1969-2017
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Bradford County is to compare its individual percentage contributions to Pennsylvania'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 Pennsylvania's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Bradford County's total industry earnings comprised 0.34% of Pennsylvania's total industry earnings, while in 2017 it totaled 0.34% thereby yielding a -0.00% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.00%
=
0.34%
-
0.34%
 
   
Bradford County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Bradford County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Bradford County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2017. The average annual percent change for the entire 48-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, Bradford County's real total industry earnings grew at an annual rate of 1.87% over 1970-2017. The county recorded its highest growth in 2010 (12.98%) and recorded its lowest growth in 2016 (-8.18%). In 2017, Bradford County's real total industry earnings grew by 3.87%
Bradford County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Bradford County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces the annual percent change in Bradford 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, and 2010-2017.
During the 1970s, Bradford County's annual real total industry earnings growth rate averaged 2.79%. It averaged 2.20% throughout the 1980s, 1.39% in the 1990s, 0.30% during the 2000s, and 2.87% thus far this decade (2010 to 2017).
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 Bradford County noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, Bradford County's average annual real total industry earnings growth topped Pennsylvania's average throughout the 1970s (2.79% vs. 1.96%), registered above Pennsylvania's average in the 1980s (2.20% vs. 1.37%), fell below Pennsylvania's average throughout the 1990s (1.39% vs. 2.36%), lagged Pennsylvania's average during the 2000s (0.30% vs. 1.33%), and outpaced Pennsylvania's average over the 8 year period of the last decade, 2010-2017 (2.87% vs. 2.11%).
Finally, relative to nationwide real total industry earnings growth trends, Bradford County fell under the nation throughout the 1970s (2.79% vs. 3.13%), fell under the nation in the 1980s (2.20% vs. 2.61%), trailed the nation during the 1990s (1.39% vs. 3.44%), fell under the nation in the 2000s (0.30% vs. 1.47%), and led the nation over 2010-2017 (2.87% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.87
2.79
2.20
1.39
0.30
2.87
3.87
 
1.82
1.96
1.37
2.36
1.33
2.11
2.77
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

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

   
 
Bradford County:
Total Industry Earnings, 1969-2017
 
1969
 
132,384
0.200
661,424
100.0
N
0.34
1970
 
138,946
0.210
663,195
100.3
0.27
0.34
1971
 
138,099
0.218
632,292
95.6
-4.66
0.32
1972
 
158,299
0.226
700,872
106.0
10.85
0.34
1973
 
182,667
0.238
767,444
116.0
9.50
0.36
1974
 
199,244
0.263
758,158
114.6
-1.21
0.36
1975
 
201,651
0.285
708,293
107.1
-6.58
0.34
1976
 
227,060
0.300
756,060
114.3
6.74
0.35
1977
 
247,312
0.320
773,188
116.9
2.27
0.35
1978
 
285,429
0.342
834,319
126.1
7.91
0.36
1979
 
319,658
0.373
858,119
129.7
2.85
0.37
1980
 
329,007
0.413
797,361
120.6
-7.08
0.36
1981
 
363,345
0.450
808,188
122.2
1.36
0.37
1982
 
367,007
0.475
773,363
116.9
-4.31
0.36
1983
 
383,540
0.495
775,235
117.2
0.24
0.36
1984
 
433,576
0.513
844,470
127.7
8.93
0.38
1985
 
460,693
0.531
867,040
131.1
2.67
0.38
1986
 
487,037
0.543
897,103
135.6
3.47
0.38
1987
 
525,763
0.560
939,466
142.0
4.72
0.38
1988
 
576,310
0.582
991,058
149.8
5.49
0.38
1989
 
640,727
0.607
1,055,737
159.6
6.53
0.40
1990
 
656,048
0.634
1,035,511
156.6
-1.92
0.39
1991
 
665,677
0.655
1,016,720
153.7
-1.81
0.38
1992
 
724,682
0.672
1,078,107
163.0
6.04
0.39
1993
 
745,525
0.689
1,082,165
163.6
0.38
0.38
1994
 
772,126
0.703
1,097,862
166.0
1.45
0.38
1995
 
787,817
0.718
1,097,070
165.9
-0.07
0.38
1996
 
818,910
0.733
1,116,503
168.8
1.77
0.38
1997
 
839,982
0.746
1,125,634
170.2
0.82
0.37
1998
 
882,726
0.752
1,173,588
177.4
4.26
0.36
1999
 
922,837
0.763
1,208,883
182.8
3.01
0.36
2000
 
953,044
0.782
1,218,181
184.2
0.77
0.35
2001
 
1,011,788
0.797
1,268,891
191.8
4.16
0.36
2002
 
1,034,936
0.808
1,281,036
193.7
0.96
0.35
2003
 
1,075,062
0.824
1,305,352
197.4
1.90
0.36
2004
 
1,103,863
0.844
1,307,724
197.7
0.18
0.34
2005
 
1,125,103
0.868
1,296,022
195.9
-0.89
0.34
2006
 
1,145,627
0.892
1,284,710
194.2
-0.87
0.33
2007
 
1,171,426
0.914
1,281,115
193.7
-0.28
0.32
2008
 
1,191,468
0.942
1,265,097
191.3
-1.25
0.32
2009
 
1,171,022
0.941
1,244,524
188.2
-1.63
0.33
2010
 
1,345,662
0.957
1,406,052
212.6
12.98
0.36
2011
 
1,540,827
0.981
1,570,174
237.4
11.67
0.39
2012
 
1,658,282
1.000
1,658,282
250.7
5.61
0.41
2013
 
1,624,063
1.013
1,602,493
242.3
-3.36
0.38
2014
 
1,693,044
1.029
1,645,841
248.8
2.71
0.39
2015
 
1,657,514
1.031
1,607,271
243.0
-2.34
0.37
2016
 
1,538,296
1.042
1,475,796
223.1
-8.18
0.34
2017
 
1,626,021
1.061
1,532,926
231.8
3.87
0.34
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
Pennsylvania:
Total Industry Earnings, 1969-2017
 
1969
 
38,533,607
0.200
192,523,642
100.0
N
5.88
1970
 
40,626,717
0.210
193,913,021
100.7
0.72
5.84
1971
 
42,533,400
0.218
194,741,083
101.2
0.43
5.72
1972
 
46,488,561
0.226
205,829,102
106.9
5.69
5.66
1973
 
51,259,684
0.238
215,358,726
111.9
4.63
5.56
1974
 
55,619,881
0.263
211,643,383
109.9
-1.73
5.58
1975
 
59,015,871
0.285
207,291,433
107.7
-2.06
5.55
1976
 
64,407,727
0.300
214,463,662
111.4
3.46
5.48
1977
 
70,872,534
0.320
221,573,607
115.1
3.32
5.42
1978
 
78,657,465
0.342
229,918,637
119.4
3.77
5.32
1979
 
86,795,845
0.373
233,002,725
121.0
1.34
5.25
1980
 
92,025,426
0.413
223,027,061
115.8
-4.28
5.15
1981
 
98,965,112
0.450
220,127,924
114.3
-1.30
5.04
1982
 
101,227,570
0.475
213,308,265
110.8
-3.10
4.93
1983
 
105,313,059
0.495
212,865,463
110.6
-0.21
4.81
1984
 
114,929,315
0.513
223,846,123
116.3
5.16
4.72
1985
 
121,694,592
0.531
229,033,372
119.0
2.32
4.65
1986
 
128,181,220
0.543
236,104,660
122.6
3.09
4.60
1987
 
138,227,514
0.560
246,993,628
128.3
4.61
4.61
1988
 
150,920,225
0.582
259,531,607
134.8
5.08
4.63
1989
 
161,257,097
0.607
265,706,207
138.0
2.38
4.65
1990
 
170,172,999
0.634
268,602,319
139.5
1.09
4.62
1991
 
174,998,416
0.655
267,283,332
138.8
-0.49
4.61
1992
 
186,796,052
0.672
277,895,879
144.3
3.97
4.60
1993
 
194,041,803
0.689
281,660,865
146.3
1.35
4.57
1994
 
201,513,296
0.703
286,525,375
148.8
1.73
4.51
1995
 
208,606,824
0.718
290,494,247
150.9
1.39
4.45
1996
 
217,382,792
0.733
296,379,887
153.9
2.03
4.38
1997
 
228,977,732
0.746
306,846,056
159.4
3.53
4.32
1998
 
242,192,335
0.752
321,995,766
167.2
4.94
4.24
1999
 
255,798,764
0.763
335,087,065
174.0
4.07
4.19
2000
 
271,977,326
0.782
347,641,498
180.6
3.75
4.11
2001
 
284,766,797
0.797
357,128,091
185.5
2.73
4.15
2002
 
291,631,040
0.808
360,978,648
187.5
1.08
4.17
2003
 
301,827,246
0.824
366,482,001
190.4
1.52
4.17
2004
 
322,209,692
0.844
381,715,288
198.3
4.16
4.20
2005
 
334,764,226
0.868
385,619,760
200.3
1.02
4.16
2006
 
346,781,964
0.892
388,882,369
202.0
0.85
4.07
2007
 
363,056,377
0.914
397,051,966
206.2
2.10
4.09
2008
 
369,777,165
0.942
392,628,122
203.9
-1.11
4.10
2009
 
359,223,438
0.941
381,770,823
198.3
-2.77
4.13
2010
 
375,547,689
0.957
392,401,326
203.8
2.78
4.16
2011
 
392,459,733
0.981
399,934,509
207.7
1.92
4.16
2012
 
406,814,955
1.000
406,814,955
211.3
1.72
4.11
2013
 
422,098,081
1.013
416,492,097
216.3
2.38
4.13
2014
 
435,888,022
1.029
423,735,294
220.1
1.74
4.08
2015
 
451,350,843
1.031
437,669,301
227.3
3.29
4.06
2016
 
457,623,648
1.042
439,030,698
228.0
0.31
4.03
2017
 
478,607,219
1.061
451,205,508
234.4
2.77
4.02
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PSN
 
   

Tip: 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, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
Source: Calculations by the Pennsylvania Regional Economic Analysis Project (PA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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