Davis County vs. Utah
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2020
Introduction
Davis County vs. Utah
Davis County:
2020 Earnings = $10,787,298K
2020 Percent of State = 8.7%
Utah:
2020 Earnings = $123,404,477K
2020 Percent of U.S. = 0.9%
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.
Davis County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Davis County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Davis County's annual total industry earnings over 1970-2020 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 Davis County over time.
When measured in current dollars, Davis County's total industry earnings increased 2,870.9%, from $363M in 1970 to $10,787M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 458.5%, from $1,736M in 1970 to $9,699M in 2020.
Real Total Industry Earnings, 1969-2020 (Millions)
Real Total Industry Earnings, 1969-2020 (Millions)
Figure 2.
Figure 2 tracks Davis County's and Utah's annual real total industry earnings for the period 1969-2020 to illustrate real total industry earnings patterns over time. During this 52-year period, Davis County's real total industry earnings rose from $1,635M in 1969 to $9,699M in 2020, for a net gain of $8,064M, or 493.2%. In comparison, Utah's real total industry earnings increased from $14,141M in 1969 to $110,950M in 2020, for a net gain of $96,809M, or 684.6%.
Real Total Industry Earnings Indices (1969=100): 1969-2020
Real Total Industry Earnings Indices (1969=100): 1969-2020
Figure 3.
Figure 3 shows Davis County's real total industry earnings growth in a broader context by offering direct comparisons across time with Utah, 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.
Davis County's overall real total industry earnings growth was 493.2% over 1969-2020 trailed Utah's increase of 684.6%, and outpaced the United States' increase of 262.7%.
Total Industry Earnings as a Percent of the Utah Total: 1969-2020
Total Industry Earnings as a Percent of the Utah Total: 1969-2020
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Davis County is to trace its individual percentage contributions to Utah'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 Utah's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Davis County's total industry earnings totaled 11.6% of Utah's total industry earnings, while in 2020 it totaled 8.7% thereby yielding a -2.8% share-shift.
   
 
Total Industry Earnings Share-Shift
2020 vs. 1969
 
Share-
Shift*
 
2020
vs.
1969
-2.82%
=
8.74%
-
11.56%
 
   
Davis County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Davis County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 displays the short-run pattern of Davis County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-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, Davis County's real total industry earnings grew at an annual rate of 3.60% over 1970-2020. The county recorded its highest growth in 1971 (17.40%) and recorded its lowest growth in 1987 (-3.83%). In 2020, Davis County's real total industry earnings grew by 6.49%
Davis County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
Davis County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
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 Davis 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 2020.
During the 1970s, Davis County's annual real total industry earnings growth rate averaged 4.28%. It averaged 2.12% during the 1980s, 3.65% throughout the 1990s, 3.61% throughout the 2000s, 4.09% in the 2010s, and 6.49% in 2020.
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 Davis County noted in the previous graph with the corresponding decade averages for Utah and the nation. As the chart reveals, Davis County's average annual real total industry earnings growth posted below Utah's average during the 1970s (4.28% vs. 5.55%), trailed Utah's average in the 1980s (2.12% vs. 2.51%), posted below Utah's average during the 1990s (3.65% vs. 5.74%), outperformed Utah's average in the 2000s (3.61% vs. 2.63%), and trailed Utah's average over the 10 year period of the last decade, 2010-2019 (4.09% vs. 4.29%). In 2020, Davis County's growth has surpassed Utah's average (6.49% vs. 4.74%).
Finally, relative to nationwide real total industry earnings growth trends, Davis County exceeded the nation throughout the 1970s (4.28% vs. 3.13%), fell below the nation over the 1980s (2.12% vs. 2.62%), exceeded the nation over the 1990s (3.65% vs. 3.43%), topped the nation over the 2000s (3.61% vs. 1.47%), and recorded above the nation over 2010-2019 (4.09% vs. 2.52%). In 2020, growth for Davis County has outgained the national average (6.49% vs. 0.18%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.60
4.28
2.12
3.65
3.61
4.09
6.49
 
4.16
5.55
2.51
5.74
2.63
4.29
4.74
 
2.59
3.13
2.62
3.43
1.47
2.52
0.18
 
   

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

   
 
Davis County:
Total Industry Earnings, 1969-2020
 
1969
 
326,613
0.200
1,635,027
100.0
N
11.56
1970
 
363,093
0.209
1,736,456
106.2
6.20
11.71
1971
 
444,379
0.218
2,038,623
124.7
17.40
12.92
1972
 
455,310
0.225
2,019,830
123.5
-0.92
11.82
1973
 
484,042
0.238
2,037,557
124.6
0.88
11.18
1974
 
544,874
0.262
2,077,372
127.1
1.95
11.30
1975
 
594,876
0.284
2,093,528
128.0
0.78
11.23
1976
 
666,823
0.300
2,224,671
136.1
6.26
10.99
1977
 
737,777
0.319
2,311,114
141.4
3.89
10.68
1978
 
831,156
0.341
2,434,195
148.9
5.33
10.45
1979
 
914,194
0.372
2,458,965
150.4
1.02
10.17
1980
 
990,336
0.412
2,404,779
147.1
-2.20
9.99
1981
 
1,116,468
0.449
2,488,173
152.2
3.47
10.09
1982
 
1,199,992
0.474
2,533,606
155.0
1.83
10.19
1983
 
1,264,779
0.494
2,561,422
156.7
1.10
10.11
1984
 
1,399,115
0.512
2,730,353
167.0
6.60
10.05
1985
 
1,528,600
0.530
2,882,465
176.3
5.57
10.26
1986
 
1,593,567
0.542
2,941,029
179.9
2.03
10.21
1987
 
1,579,793
0.559
2,828,382
173.0
-3.83
9.68
1988
 
1,680,586
0.580
2,895,665
177.1
2.38
9.59
1989
 
1,828,797
0.606
3,019,212
184.7
4.27
9.76
1990
 
1,964,511
0.632
3,106,880
190.0
2.90
9.57
1991
 
2,081,075
0.653
3,184,750
194.8
2.51
9.40
1992
 
2,167,853
0.671
3,231,405
197.6
1.46
8.99
1993
 
2,295,411
0.688
3,338,391
204.2
3.31
8.81
1994
 
2,420,556
0.702
3,448,429
210.9
3.30
8.55
1995
 
2,606,417
0.717
3,636,641
222.4
5.46
8.52
1996
 
2,731,859
0.732
3,731,844
228.2
2.62
8.24
1997
 
2,938,881
0.745
3,945,972
241.3
5.74
8.16
1998
 
3,122,483
0.751
4,159,429
254.4
5.41
8.08
1999
 
3,286,851
0.762
4,315,492
263.9
3.75
7.98
2000
 
3,590,105
0.781
4,597,394
281.2
6.53
8.21
2001
 
3,951,485
0.797
4,960,687
303.4
7.90
8.67
2002
 
4,260,349
0.807
5,279,112
322.9
6.42
9.14
2003
 
4,546,491
0.824
5,517,720
337.5
4.52
9.44
2004
 
4,856,482
0.844
5,751,195
351.7
4.23
9.36
2005
 
5,098,701
0.869
5,868,941
359.0
2.05
9.10
2006
 
5,605,401
0.893
6,275,499
383.8
6.93
8.95
2007
 
5,882,220
0.916
6,420,656
392.7
2.31
8.74
2008
 
5,836,979
0.943
6,188,157
378.5
-3.62
8.51
2009
 
5,750,162
0.941
6,113,162
373.9
-1.21
8.77
2010
 
5,919,540
0.957
6,182,481
378.1
1.13
8.84
2011
 
6,463,554
0.982
6,584,042
402.7
6.50
9.10
2012
 
6,976,130
1.000
6,976,130
426.7
5.96
9.12
2013
 
7,063,700
1.014
6,969,335
426.3
-0.10
8.79
2014
 
7,449,149
1.029
7,240,127
442.8
3.89
8.78
2015
 
7,891,569
1.031
7,653,098
468.1
5.70
8.73
2016
 
8,310,793
1.041
7,979,791
488.1
4.27
8.74
2017
 
8,827,139
1.061
8,323,485
509.1
4.31
8.78
2018
 
9,446,103
1.083
8,720,714
533.4
4.77
8.72
2019
 
10,010,905
1.099
9,107,281
557.0
4.43
8.60
2020
 
10,787,298
1.112
9,698,627
593.2
6.49
8.74
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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.

   
 
Utah:
Total Industry Earnings, 1969-2020
 
1969
 
2,824,888
0.200
14,141,410
100.0
N
0.43
1970
 
3,101,325
0.209
14,831,779
104.9
4.88
0.45
1971
 
3,440,027
0.218
15,781,388
111.6
6.40
0.46
1972
 
3,852,021
0.225
17,088,195
120.8
8.28
0.47
1973
 
4,327,870
0.238
18,218,008
128.8
6.61
0.47
1974
 
4,820,476
0.262
18,378,421
130.0
0.88
0.49
1975
 
5,299,370
0.284
18,649,903
131.9
1.48
0.50
1976
 
6,066,047
0.300
20,237,696
143.1
8.51
0.52
1977
 
6,905,851
0.319
21,632,838
153.0
6.89
0.53
1978
 
7,951,678
0.341
23,287,972
164.7
7.65
0.54
1979
 
8,992,968
0.372
24,188,950
171.1
3.87
0.55
1980
 
9,911,184
0.412
24,066,786
170.2
-0.51
0.56
1981
 
11,067,375
0.449
24,664,873
174.4
2.49
0.56
1982
 
11,770,775
0.474
24,852,258
175.7
0.76
0.57
1983
 
12,514,990
0.494
25,345,275
179.2
1.98
0.57
1984
 
13,927,640
0.512
27,179,595
192.2
7.24
0.57
1985
 
14,901,149
0.530
28,098,940
198.7
3.38
0.57
1986
 
15,604,262
0.542
28,798,653
203.6
2.49
0.56
1987
 
16,312,530
0.559
29,205,138
206.5
1.41
0.54
1988
 
17,515,595
0.580
30,179,529
213.4
3.34
0.54
1989
 
18,740,587
0.606
30,939,356
218.8
2.52
0.54
1990
 
20,532,648
0.632
32,472,439
229.6
4.96
0.56
1991
 
22,137,775
0.653
33,878,300
239.6
4.33
0.58
1992
 
24,105,844
0.671
35,932,213
254.1
6.06
0.59
1993
 
26,063,148
0.688
37,905,623
268.0
5.49
0.62
1994
 
28,307,393
0.702
40,327,943
285.2
6.39
0.64
1995
 
30,583,235
0.717
42,671,701
301.7
5.81
0.65
1996
 
33,164,474
0.732
45,304,183
320.4
6.17
0.67
1997
 
36,028,514
0.745
48,374,707
342.1
6.78
0.68
1998
 
38,657,871
0.751
51,495,765
364.1
6.45
0.68
1999
 
41,176,495
0.762
54,062,937
382.3
4.99
0.68
2000
 
43,743,721
0.781
56,017,059
396.1
3.61
0.66
2001
 
45,587,013
0.797
57,229,855
404.7
2.17
0.66
2002
 
46,606,453
0.807
57,751,299
408.4
0.91
0.67
2003
 
48,157,122
0.824
58,444,528
413.3
1.20
0.66
2004
 
51,874,820
0.844
61,431,759
434.4
5.11
0.68
2005
 
56,031,232
0.869
64,495,640
456.1
4.99
0.70
2006
 
62,657,897
0.893
70,148,336
496.0
8.76
0.74
2007
 
67,272,950
0.916
73,430,862
519.3
4.68
0.76
2008
 
68,551,369
0.943
72,675,716
513.9
-1.03
0.76
2009
 
65,579,774
0.941
69,719,732
493.0
-4.07
0.75
2010
 
66,943,359
0.957
69,916,926
494.4
0.28
0.74
2011
 
71,061,136
0.982
72,385,796
511.9
3.53
0.75
2012
 
76,465,084
1.000
76,465,084
540.7
5.64
0.77
2013
 
80,398,262
1.014
79,324,212
560.9
3.74
0.79
2014
 
84,821,494
1.029
82,441,410
583.0
3.93
0.79
2015
 
90,423,853
1.031
87,691,389
620.1
6.37
0.81
2016
 
95,120,665
1.041
91,332,205
645.8
4.15
0.84
2017
 
100,527,812
1.061
94,791,951
670.3
3.79
0.84
2018
 
108,336,891
1.083
100,017,440
707.3
5.51
0.87
2019
 
116,439,971
1.099
105,929,633
749.1
5.91
0.89
2020
 
123,404,477
1.112
110,950,305
784.6
4.74
0.93
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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, 1969-2020
 
1969
 
653,665,000
0.200
3,272,251,702
100.0
N
1970
 
693,352,000
0.209
3,315,887,135
101.3
1.33
1971
 
742,094,000
0.218
3,404,413,249
104.0
2.67
1972
 
819,646,000
0.225
3,636,083,755
111.1
6.81
1973
 
918,964,000
0.238
3,868,344,839
118.2
6.39
1974
 
993,909,000
0.262
3,789,351,481
115.8
-2.04
1975
 
1,059,492,000
0.284
3,728,636,284
113.9
-1.60
1976
 
1,173,271,000
0.300
3,914,295,723
119.6
4.98
1977
 
1,303,767,000
0.319
4,084,099,239
124.8
4.34
1978
 
1,476,080,000
0.341
4,322,975,546
132.1
5.85
1979
 
1,648,363,000
0.372
4,433,705,417
135.5
2.56
1980
 
1,784,597,000
0.412
4,333,439,367
132.4
-2.26
1981
 
1,961,173,000
0.449
4,370,691,538
133.6
0.86
1982
 
2,053,729,000
0.474
4,336,146,359
132.5
-0.79
1983
 
2,188,018,000
0.494
4,431,159,626
135.4
2.19
1984
 
2,432,402,000
0.512
4,746,798,587
145.1
7.12
1985
 
2,615,791,000
0.530
4,932,569,629
150.7
3.91
1986
 
2,786,901,000
0.542
5,143,402,111
157.2
4.27
1987
 
2,996,000,000
0.559
5,363,888,640
163.9
4.29
1988
 
3,259,979,000
0.580
5,616,973,362
171.7
4.72
1989
 
3,467,027,000
0.606
5,723,811,332
174.9
1.90
1990
 
3,679,460,000
0.632
5,819,076,086
177.8
1.66
1991
 
3,789,428,000
0.653
5,799,109,343
177.2
-0.34
1992
 
4,059,023,000
0.671
6,050,386,811
184.9
4.33
1993
 
4,237,437,000
0.688
6,162,827,598
188.3
1.86
1994
 
4,456,948,000
0.702
6,349,561,922
194.0
3.03
1995
 
4,674,849,000
0.717
6,522,650,723
199.3
2.73
1996
 
4,956,180,000
0.732
6,770,367,740
206.9
3.80
1997
 
5,288,047,000
0.745
7,100,146,352
217.0
4.87
1998
 
5,707,014,000
0.751
7,602,256,561
232.3
7.07
1999
 
6,098,042,000
0.762
8,006,462,371
244.7
5.32
2000
 
6,598,743,000
0.781
8,450,176,719
258.2
5.54
2001
 
6,865,291,000
0.797
8,618,674,048
263.4
1.99
2002
 
7,001,002,000
0.807
8,675,128,250
265.1
0.66
2003
 
7,243,377,000
0.824
8,790,719,435
268.6
1.33
2004
 
7,674,785,000
0.844
9,088,716,649
277.8
3.39
2005
 
8,039,238,000
0.869
9,253,692,619
282.8
1.82
2006
 
8,519,349,000
0.893
9,537,794,720
291.5
3.07
2007
 
8,866,152,000
0.916
9,677,726,112
295.8
1.47
2008
 
9,014,034,000
0.943
9,556,357,275
292.0
-1.25
2009
 
8,688,852,000
0.941
9,237,366,843
282.3
-3.34
2010
 
9,023,830,000
0.957
9,424,660,825
288.0
2.03
2011
 
9,444,365,000
0.982
9,620,418,662
294.0
2.08
2012
 
9,902,321,000
1.000
9,902,321,000
302.6
2.93
2013
 
10,232,098,000
1.014
10,095,406,200
308.5
1.95
2014
 
10,688,401,000
1.029
10,388,485,426
317.5
2.90
2015
 
11,115,543,000
1.031
10,779,649,133
329.4
3.77
2016
 
11,384,770,000
1.041
10,931,338,096
334.1
1.41
2017
 
11,926,173,000
1.061
11,245,695,939
343.7
2.88
2018
 
12,515,233,000
1.083
11,554,158,127
353.1
2.74
2019
 
13,024,685,000
1.099
11,849,024,763
362.1
2.55
2020
 
13,202,475,000
1.112
11,870,060,688
362.7
0.18
Source: Calculations by the Utah Regional Economic Analysis Project (UT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2022. 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, UT-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.