Cameron County vs. Pennsylvania
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Cameron County:
2017 Earnings = $119,619K
2017 Percent of State = 0.0%
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.
Cameron County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Cameron County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Cameron 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 Cameron County over time.
When measured in current dollars, Cameron County's total industry earnings increased 346.8%, from $27M in 1969 to $120M in 2017. When measured in constant 2012 dollars to adjust for inflation, it declined -15.7%, from $134M in 1969 to $113M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Cameron 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, Cameron County's real total industry earnings dropped from $134M in 1969 to $113M in 2017, for a net loss of ($21)M, or -15.7%. In comparison, Pennsylvania's real total industry earnings increased from $192,524M in 1969 to $451,206M in 2017, for a net advance 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 Cameron 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.
Cameron County's overall real total industry earnings growth was -15.7% 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 comparing the total industry earnings growth of Cameron 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, Cameron County's total industry earnings comprised 0.07% of Pennsylvania's total industry earnings, while in 2017 it totaled 0.02% thereby yielding a -0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.04%
=
0.02%
-
0.07%
 
   
Cameron County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Cameron County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 displays the short-run pattern of Cameron 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 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, Cameron County's real total industry earnings contracted at an annual rate of -0.12% over 1970-2017. The county recorded its highest growth in 2010 (13.38%) and recorded its lowest growth in 1982 (-19.33%). In 2017, Cameron County's real total industry earnings declined by -2.42%
Cameron County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Cameron 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 illustrates the annual percent change in Cameron 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, and 2010-2017.
During the 1970s, Cameron County's annual real total industry earnings growth rate averaged -1.26%. It averaged -0.24% throughout the 1980s, 2.07% in the 1990s, -2.42% in the 2000s, and 1.58% 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 Cameron County noted in the previous graph with the corresponding decade averages for Pennsylvania and the nation. As the chart reveals, Cameron County's average annual real total industry earnings growth trailed Pennsylvania's average throughout the 1970s (-1.26% vs. 1.96%), lagged Pennsylvania's average in the 1980s (-0.24% vs. 1.37%), posted below Pennsylvania's average during the 1990s (2.07% vs. 2.36%), trailed Pennsylvania's average in the 2000s (-2.42% vs. 1.33%), and trailed Pennsylvania's average over the 8 year period of the last decade, 2010-2017 (1.58% vs. 2.11%).
Finally, relative to nationwide real total industry earnings growth trends, Cameron County fell below the nation during the 1970s (-1.26% vs. 3.13%), recorded underneath the nation throughout the 1980s (-0.24% vs. 2.61%), recorded underneath the nation throughout the 1990s (2.07% vs. 3.44%), trailed the nation during the 2000s (-2.42% vs. 1.47%), and fell below the nation over 2010-2017 (1.58% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
-0.12
-1.26
-0.24
2.07
-2.42
1.58
-2.42
 
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.

   
 
Cameron County:
Total Industry Earnings, 1969-2017
 
1969
 
26,770
0.200
133,750
100.0
N
0.07
1970
 
25,695
0.210
122,643
91.7
-8.30
0.06
1971
 
24,869
0.218
113,864
85.1
-7.16
0.06
1972
 
25,673
0.226
113,668
85.0
-0.17
0.06
1973
 
27,748
0.238
116,578
87.2
2.56
0.05
1974
 
29,893
0.263
113,748
85.0
-2.43
0.05
1975
 
27,348
0.285
96,059
71.8
-15.55
0.05
1976
 
29,090
0.300
96,863
72.4
0.84
0.05
1977
 
32,831
0.320
102,642
76.7
5.97
0.05
1978
 
37,918
0.342
110,836
82.9
7.98
0.05
1979
 
42,789
0.373
114,867
85.9
3.64
0.05
1980
 
43,809
0.413
106,173
79.4
-7.57
0.05
1981
 
46,652
0.450
103,768
77.6
-2.26
0.05
1982
 
39,726
0.475
83,711
62.6
-19.33
0.04
1983
 
39,639
0.495
80,121
59.9
-4.29
0.04
1984
 
44,698
0.513
87,058
65.1
8.66
0.04
1985
 
45,086
0.531
84,853
63.4
-2.53
0.04
1986
 
48,339
0.543
89,038
66.6
4.93
0.04
1987
 
55,421
0.560
99,030
74.0
11.22
0.04
1988
 
61,581
0.582
105,898
79.2
6.94
0.04
1989
 
65,447
0.607
107,838
80.6
1.83
0.04
1990
 
67,144
0.634
105,981
79.2
-1.72
0.04
1991
 
64,976
0.655
99,241
74.2
-6.36
0.04
1992
 
72,439
0.672
107,767
80.6
8.59
0.04
1993
 
77,059
0.689
111,855
83.6
3.79
0.04
1994
 
82,700
0.703
117,589
87.9
5.13
0.04
1995
 
82,405
0.718
114,753
85.8
-2.41
0.04
1996
 
83,351
0.733
113,641
85.0
-0.97
0.04
1997
 
89,643
0.746
120,128
89.8
5.71
0.04
1998
 
91,742
0.752
121,971
91.2
1.53
0.04
1999
 
100,004
0.763
131,002
97.9
7.40
0.04
2000
 
103,742
0.782
132,603
99.1
1.22
0.04
2001
 
105,336
0.797
132,103
98.8
-0.38
0.04
2002
 
111,775
0.808
138,354
103.4
4.73
0.04
2003
 
114,705
0.824
139,276
104.1
0.67
0.04
2004
 
117,543
0.844
139,251
104.1
-0.02
0.04
2005
 
116,071
0.868
133,704
100.0
-3.98
0.03
2006
 
117,336
0.892
131,581
98.4
-1.59
0.03
2007
 
119,801
0.914
131,019
98.0
-0.43
0.03
2008
 
111,474
0.942
118,363
88.5
-9.66
0.03
2009
 
94,883
0.941
100,839
75.4
-14.81
0.03
2010
 
109,416
0.957
114,326
85.5
13.38
0.03
2011
 
115,086
0.981
117,278
87.7
2.58
0.03
2012
 
113,918
1.000
113,918
85.2
-2.86
0.03
2013
 
125,374
1.013
123,709
92.5
8.59
0.03
2014
 
129,189
1.029
125,587
93.9
1.52
0.03
2015
 
122,638
1.031
118,921
88.9
-5.31
0.03
2016
 
120,466
1.042
115,572
86.4
-2.82
0.03
2017
 
119,619
1.061
112,770
84.3
-2.42
0.02
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.

   
 
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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