Gooding County vs. Idaho
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Gooding County vs. Idaho
Gooding County:
2022 Earnings = $838,094K
2022 Percent of State = 1.19%
Idaho:
2022 Earnings = $70,592,136K
2022 Percent of U.S. = 0.46%
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.
Gooding County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Gooding County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Gooding 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 Gooding County over time.
When measured in current dollars, Gooding County's total industry earnings increased 4,549.62%, from $18M in 1970 to $838M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 691.99%, from $91M in 1970 to $722M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Gooding County's and Idaho'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, Gooding County's real total industry earnings rose from $84M in 1969 to $722M in 2022, for a net gain of $638M, or 759.83%. In comparison, Idaho's real total industry earnings advanced from $10,278M in 1969 to $60,833M in 2022, for a net gain of $50,555M, or 491.86%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Gooding County's real total industry earnings growth in a broader context by offering direct comparisons across time with Idaho, 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.
Gooding County's overall real total industry earnings growth was 759.83% over 1969-2022 outpaced Idaho's increase of 491.86%, and outpaced the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Idaho Total: 1969-2022
Total Industry Earnings as a Percent of the Idaho Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Gooding County is to trace its individual percentage contributions to Idaho'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 Idaho's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Gooding County's total industry earnings totaled 0.82% of Idaho's total industry earnings, while in 2022 it totaled 1.19% thereby yielding a +0.37% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.37%
=
1.19%
-
0.82%
 
   
Gooding County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Gooding County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Gooding 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, Gooding County's real total industry earnings grew at an annual rate of 4.97% over 1970-2022. The county posted its highest growth in 2010 (47.11%) and recorded its lowest growth in 2009 (-33.20%). In 2022, Gooding County's real total industry earnings grew by 14.22%
Gooding County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Gooding 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 illustrates the annual percent change in Gooding 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, Gooding County's annual real total industry earnings growth rate averaged 4.47%. It averaged 4.60% in the 1980s, 6.42% during the 1990s, 0.49% throughout the 2000s, 8.83% during the 2010s, 5.18% 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 Gooding County noted in the previous graph with the corresponding decade averages for Idaho and the nation. As the chart reveals, Gooding County's average annual real total industry earnings growth posted below Idaho's average during the 1970s (4.47% vs. 5.00%), led Idaho's average during the 1980s (4.60% vs. 1.55%), exceeded Idaho's average in the 1990s (6.42% vs. 4.92%), recorded under Idaho's average throughout the 2000s (0.49% vs. 1.93%), registered above Idaho's average in the 2010s (8.83% vs. 3.58%), and recorded above Idaho's average over the 3 year period of the current decade, 2020-2022 (5.18% vs. 4.76%).
Finally, relative to nationwide real total industry earnings growth trends, Gooding County outpaced the nation over the 1970s (4.47% vs. 3.13%), outpaced the nation over the 1980s (4.60% vs. 2.62%), exceeded the nation during the 1990s (6.42% vs. 3.43%), fell under the nation during the 2000s (0.49% vs. 1.47%), outgained the nation during the 2010s (8.83% vs. 2.53%), and recorded above the nation over 2020-2022 (5.18% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
4.97
4.47
4.60
6.42
0.49
8.83
5.18
14.22
 
3.47
5.00
1.55
4.92
1.93
3.58
4.76
2.28
 
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.

   
 
Gooding County:
Total Industry Earnings, 1969-2022
 
1969
 
15,861
0.189
83,996
100.0
N
0.82
1970
 
18,025
0.198
91,192
108.6
8.57
0.85
1971
 
19,866
0.206
96,413
114.8
5.73
0.88
1972
 
24,801
0.213
116,393
138.6
20.72
0.95
1973
 
27,933
0.225
124,395
148.1
6.88
0.91
1974
 
33,051
0.248
133,308
158.7
7.16
0.92
1975
 
33,440
0.269
124,497
148.2
-6.61
0.89
1976
 
33,937
0.283
119,779
142.6
-3.79
0.80
1977
 
35,178
0.302
116,576
138.8
-2.67
0.76
1978
 
42,174
0.323
130,667
155.6
12.09
0.78
1979
 
44,354
0.351
126,210
150.3
-3.41
0.76
1980
 
56,470
0.389
145,063
172.7
14.94
0.89
1981
 
58,821
0.424
138,680
165.1
-4.40
0.86
1982
 
63,831
0.448
142,572
169.7
2.81
0.93
1983
 
74,022
0.467
158,587
188.8
11.23
0.98
1984
 
72,120
0.484
148,888
177.3
-6.12
0.90
1985
 
75,929
0.501
151,470
180.3
1.73
0.91
1986
 
77,270
0.512
150,862
179.6
-0.40
0.90
1987
 
85,745
0.528
162,390
193.3
7.64
0.94
1988
 
98,023
0.549
178,662
212.7
10.02
0.98
1989
 
111,078
0.573
193,985
230.9
8.58
1.01
1990
 
122,447
0.598
204,847
243.9
5.60
1.01
1991
 
131,827
0.618
213,402
254.1
4.18
1.04
1992
 
141,748
0.634
223,507
266.1
4.74
1.01
1993
 
162,025
0.650
249,269
296.8
11.53
1.05
1994
 
166,065
0.664
250,264
297.9
0.40
1.01
1995
 
174,283
0.678
257,229
306.2
2.78
1.00
1996
 
199,231
0.692
287,894
342.7
11.92
1.09
1997
 
204,731
0.704
290,782
346.2
1.00
1.08
1998
 
246,257
0.710
347,002
413.1
19.33
1.19
1999
 
256,533
0.720
356,291
424.2
2.68
1.15
2000
 
229,253
0.738
310,548
369.7
-12.84
0.94
2001
 
281,378
0.753
373,666
444.9
20.32
1.12
2002
 
243,287
0.763
318,893
379.7
-14.66
0.94
2003
 
237,946
0.779
305,474
363.7
-4.21
0.90
2004
 
331,753
0.798
415,590
494.8
36.05
1.16
2005
 
324,650
0.821
395,302
470.6
-4.88
1.08
2006
 
299,233
0.844
354,374
421.9
-10.35
0.90
2007
 
408,368
0.866
471,518
561.4
33.06
1.17
2008
 
402,056
0.892
450,887
536.8
-4.38
1.16
2009
 
267,811
0.889
301,179
358.6
-33.20
0.81
2010
 
401,024
0.905
443,052
527.5
47.11
1.18
2011
 
495,432
0.928
533,848
635.6
20.49
1.41
2012
 
516,957
0.945
546,848
651.0
2.44
1.43
2013
 
558,149
0.958
582,735
693.8
6.56
1.44
2014
 
664,394
0.971
684,089
814.4
17.39
1.64
2015
 
540,530
0.973
555,535
661.4
-18.79
1.27
2016
 
551,067
0.983
560,688
667.5
0.93
1.24
2017
 
548,469
1.000
548,469
653.0
-2.18
1.16
2018
 
558,441
1.020
547,239
651.5
-0.22
1.10
2019
 
649,029
1.035
627,002
746.5
14.58
1.18
2020
 
706,068
1.046
674,791
803.4
7.62
1.20
2021
 
689,207
1.090
632,294
752.8
-6.30
1.06
2022
 
838,094
1.160
722,227
859.8
14.22
1.19
Source: Calculations by the Idaho Regional Economic Analysis Project (ID-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.

   
 
Idaho:
Total Industry Earnings, 1969-2022
 
1969
 
1,940,837
0.189
10,278,224
100.0
N
0.30
1970
 
2,109,689
0.198
10,673,323
103.8
3.84
0.30
1971
 
2,270,103
0.206
11,017,243
107.2
3.22
0.31
1972
 
2,622,172
0.213
12,306,045
119.7
11.70
0.32
1973
 
3,055,068
0.225
13,605,291
132.4
10.56
0.33
1974
 
3,594,491
0.248
14,498,008
141.1
6.56
0.36
1975
 
3,755,533
0.269
13,981,880
136.0
-3.56
0.35
1976
 
4,237,234
0.283
14,955,119
145.5
6.96
0.36
1977
 
4,620,907
0.302
15,313,186
149.0
2.39
0.35
1978
 
5,377,412
0.323
16,660,714
162.1
8.80
0.36
1979
 
5,828,047
0.351
16,583,806
161.3
-0.46
0.35
1980
 
6,376,209
0.389
16,379,493
159.4
-1.23
0.36
1981
 
6,862,295
0.424
16,178,934
157.4
-1.22
0.35
1982
 
6,843,620
0.448
15,285,832
148.7
-5.52
0.33
1983
 
7,543,115
0.467
16,160,586
157.2
5.72
0.34
1984
 
8,046,458
0.484
16,611,528
161.6
2.79
0.33
1985
 
8,389,423
0.501
16,736,002
162.8
0.75
0.32
1986
 
8,544,914
0.512
16,683,094
162.3
-0.32
0.31
1987
 
9,103,354
0.528
17,240,548
167.7
3.34
0.30
1988
 
10,009,549
0.549
18,243,961
177.5
5.82
0.31
1989
 
11,003,255
0.573
19,215,967
187.0
5.33
0.32
1990
 
12,071,286
0.598
20,194,540
196.5
5.09
0.33
1991
 
12,664,353
0.618
20,501,106
199.5
1.52
0.33
1992
 
14,016,026
0.634
22,100,325
215.0
7.80
0.35
1993
 
15,424,480
0.650
23,729,969
230.9
7.37
0.36
1994
 
16,478,251
0.664
24,833,099
241.6
4.65
0.37
1995
 
17,402,868
0.678
25,685,374
249.9
3.43
0.37
1996
 
18,327,014
0.692
26,482,976
257.7
3.11
0.37
1997
 
18,998,058
0.704
26,983,195
262.5
1.89
0.36
1998
 
20,669,390
0.710
29,125,354
283.4
7.94
0.36
1999
 
22,307,327
0.720
30,981,968
301.4
6.37
0.37
2000
 
24,303,725
0.738
32,922,063
320.3
6.26
0.37
2001
 
25,019,718
0.753
33,225,835
323.3
0.92
0.36
2002
 
25,967,885
0.763
34,037,940
331.2
2.44
0.37
2003
 
26,468,552
0.779
33,980,219
330.6
-0.17
0.37
2004
 
28,523,968
0.798
35,732,231
347.6
5.16
0.37
2005
 
30,155,866
0.821
36,718,577
357.2
2.76
0.38
2006
 
33,105,330
0.844
39,205,744
381.4
6.77
0.39
2007
 
34,919,626
0.866
40,319,635
392.3
2.84
0.39
2008
 
34,661,933
0.892
38,871,743
378.2
-3.59
0.38
2009
 
33,163,850
0.889
37,295,858
362.9
-4.05
0.38
2010
 
34,049,944
0.905
37,618,428
366.0
0.86
0.38
2011
 
35,184,314
0.928
37,912,497
368.9
0.78
0.37
2012
 
36,200,165
0.945
38,293,275
372.6
1.00
0.37
2013
 
38,674,114
0.958
40,377,647
392.8
5.44
0.38
2014
 
40,464,326
0.971
41,663,828
405.4
3.19
0.38
2015
 
42,640,697
0.973
43,824,394
426.4
5.19
0.39
2016
 
44,301,374
0.983
45,074,859
438.5
2.85
0.39
2017
 
47,206,399
1.000
47,206,399
459.3
4.73
0.40
2018
 
50,826,360
1.020
49,806,815
484.6
5.51
0.41
2019
 
54,800,329
1.035
52,940,528
515.1
6.29
0.42
2020
 
58,963,725
1.046
56,351,818
548.3
6.44
0.45
2021
 
64,832,265
1.090
59,478,597
578.7
5.55
0.45
2022
 
70,592,136
1.160
60,832,740
591.9
2.28
0.46
Source: Calculations by the Idaho Regional Economic Analysis Project (ID-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 Idaho Regional Economic Analysis Project (ID-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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