Valley County vs. Idaho
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Valley County vs. Idaho
Valley County:
2022 Earnings = $404,126K
2022 Percent of State = 0.57%
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.
Valley County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Valley County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Valley 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 Valley County over time.
When measured in current dollars, Valley County's total industry earnings increased 2,925.12%, from $13M in 1970 to $404M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 415.28%, from $68M in 1970 to $348M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Valley 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, Valley County's real total industry earnings rose from $63M in 1969 to $348M in 2022, for a net gain of $285M, or 452.71%. In comparison, Idaho's real total industry earnings increased 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 Valley 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.
Valley County's overall real total industry earnings growth was 452.71% over 1969-2022 trailed Idaho's increase of 491.86%, and topped 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 contrasting the total industry earnings growth of Valley 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, Valley County's total industry earnings comprised 0.61% of Idaho's total industry earnings, while in 2022 it comprised 0.57% thereby yielding a -0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.04%
=
0.57%
-
0.61%
 
   
Valley County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Valley County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Valley 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, Valley County's real total industry earnings grew at an annual rate of 3.48% over 1970-2022. The county recorded its highest growth in 2005 (17.04%) and posted its lowest growth in 2008 (-14.23%). In 2022, Valley County's real total industry earnings grew by 0.98%
Valley County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Valley 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 depicts the annual percent change in Valley 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, Valley County's annual real total industry earnings growth rate averaged 5.67%. It averaged 0.85% in the 1980s, 3.55% throughout the 1990s, 2.85% during the 2000s, 3.96% in the 2010s, 5.21% 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 Valley County noted in the previous graph with the corresponding decade averages for Idaho and the nation. As the chart reveals, Valley County's average annual real total industry earnings growth outgained Idaho's average in the 1970s (5.67% vs. 5.00%), posted below Idaho's average in the 1980s (0.85% vs. 1.55%), posted below Idaho's average in the 1990s (3.55% vs. 4.92%), exceeded Idaho's average throughout the 2000s (2.85% vs. 1.93%), topped Idaho's average during the 2010s (3.96% vs. 3.58%), and registered above Idaho's average over the 3 year period of the current decade, 2020-2022 (5.21% vs. 4.76%).
Finally, relative to nationwide real total industry earnings growth trends, Valley County exceeded the nation in the 1970s (5.67% vs. 3.13%), recorded underneath the nation in the 1980s (0.85% vs. 2.62%), recorded above the nation in the 1990s (3.55% vs. 3.43%), outpaced the nation throughout the 2000s (2.85% vs. 1.47%), surpassed the nation over the 2010s (3.96% vs. 2.53%), and outgained the nation over 2020-2022 (5.21% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.48
5.67
0.85
3.55
2.85
3.96
5.21
0.98
 
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.

   
 
Valley County:
Total Industry Earnings, 1969-2022
 
1969
 
11,898
0.189
63,009
100.0
N
0.61
1970
 
13,359
0.198
67,586
107.3
7.26
0.63
1971
 
15,255
0.206
74,035
117.5
9.54
0.67
1972
 
17,015
0.213
79,853
126.7
7.86
0.65
1973
 
18,735
0.225
83,434
132.4
4.48
0.61
1974
 
20,792
0.248
83,862
133.1
0.51
0.58
1975
 
24,012
0.269
89,397
141.9
6.60
0.64
1976
 
25,063
0.283
88,459
140.4
-1.05
0.59
1977
 
26,966
0.302
89,362
141.8
1.02
0.58
1978
 
31,904
0.323
98,847
156.9
10.61
0.59
1979
 
38,156
0.351
108,574
172.3
9.84
0.65
1980
 
39,714
0.389
102,019
161.9
-6.04
0.62
1981
 
42,461
0.424
100,108
158.9
-1.87
0.62
1982
 
44,201
0.448
98,727
156.7
-1.38
0.65
1983
 
47,391
0.467
101,532
161.1
2.84
0.63
1984
 
49,454
0.484
102,095
162.0
0.56
0.61
1985
 
48,599
0.501
96,950
153.9
-5.04
0.58
1986
 
49,494
0.512
96,632
153.4
-0.33
0.58
1987
 
54,011
0.528
102,290
162.3
5.85
0.59
1988
 
61,705
0.549
112,467
178.5
9.95
0.62
1989
 
66,955
0.573
116,929
185.6
3.97
0.61
1990
 
74,243
0.598
124,204
197.1
6.22
0.62
1991
 
74,285
0.618
120,253
190.9
-3.18
0.59
1992
 
82,411
0.634
129,945
206.2
8.06
0.59
1993
 
88,260
0.650
135,785
215.5
4.49
0.57
1994
 
101,908
0.664
153,578
243.7
13.10
0.62
1995
 
103,699
0.678
153,052
242.9
-0.34
0.60
1996
 
107,614
0.692
155,505
246.8
1.60
0.59
1997
 
106,287
0.704
150,961
239.6
-2.92
0.56
1998
 
113,568
0.710
160,029
254.0
6.01
0.55
1999
 
118,086
0.720
164,006
260.3
2.49
0.53
2000
 
126,709
0.738
171,641
272.4
4.66
0.52
2001
 
124,642
0.753
165,523
262.7
-3.56
0.50
2002
 
129,545
0.763
169,804
269.5
2.59
0.50
2003
 
136,535
0.779
175,283
278.2
3.23
0.52
2004
 
158,716
0.798
198,825
315.5
13.43
0.56
2005
 
191,121
0.821
232,714
369.3
17.04
0.63
2006
 
229,806
0.844
272,153
431.9
16.95
0.69
2007
 
234,718
0.866
271,015
430.1
-0.42
0.67
2008
 
207,280
0.892
232,455
368.9
-14.23
0.60
2009
 
183,562
0.889
206,433
327.6
-11.19
0.55
2010
 
189,883
0.905
209,783
332.9
1.62
0.56
2011
 
181,961
0.928
196,070
311.2
-6.54
0.52
2012
 
210,490
0.945
222,661
353.4
13.56
0.58
2013
 
205,666
0.958
214,725
340.8
-3.56
0.53
2014
 
214,101
0.971
220,448
349.9
2.67
0.53
2015
 
239,426
0.973
246,072
390.5
11.62
0.56
2016
 
254,279
0.983
258,719
410.6
5.14
0.57
2017
 
265,233
1.000
265,233
420.9
2.52
0.56
2018
 
285,078
1.020
279,360
443.4
5.33
0.56
2019
 
310,136
1.035
299,611
475.5
7.25
0.57
2020
 
326,897
1.046
312,416
495.8
4.27
0.55
2021
 
375,901
1.090
344,860
547.3
10.38
0.58
2022
 
404,126
1.160
348,255
552.7
0.98
0.57
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.

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, ID-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.