Green County vs. Wisconsin
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Green County vs. Wisconsin
Green County:
2022 Earnings = $1,275,976K
2022 Percent of State = 0.51%
Wisconsin:
2022 Earnings = $248,309,929K
2022 Percent of U.S. = 1.63%
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.
Green County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Green County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Green 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 Green County over time.
When measured in current dollars, Green County's total industry earnings increased 1,409.14%, from $85M in 1970 to $1,276M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 157.06%, from $428M in 1970 to $1,100M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Green County's and Wisconsin'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, Green County's real total industry earnings rose from $429M in 1969 to $1,100M in 2022, for a net gain of $671M, or 156.57%. In comparison, Wisconsin's real total industry earnings advanced from $70,432M in 1969 to $213,981M in 2022, for a net advance of $143,549M, or 203.81%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Green County's real total industry earnings growth in a broader context by offering direct comparisons across time with Wisconsin, 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.
Green County's overall real total industry earnings growth was 156.57% over 1969-2022 trailed Wisconsin's increase of 203.81%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Wisconsin Total: 1969-2022
Total Industry Earnings as a Percent of the Wisconsin Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Green County is to trace its individual percentage contributions to Wisconsin'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 Wisconsin's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Green County's total industry earnings comprised 0.61% of Wisconsin's total industry earnings, while in 2022 it totaled 0.51% thereby yielding a -0.09% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.09%
=
0.51%
-
0.61%
 
   
Green County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Green County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Green 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, Green County's real total industry earnings grew at an annual rate of 1.88% over 1970-2022. The county posted its highest growth in 1973 (11.44%) and posted its lowest growth in 1981 (-7.03%). In 2022, Green County's real total industry earnings grew by 1.18%
Green County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Green 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 Green 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, Green County's annual real total industry earnings growth rate averaged 3.10%. It averaged 1.26% in the 1980s, 1.52% throughout the 1990s, 1.39% throughout the 2000s, 2.17% in the 2010s, 1.76% 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 Green County noted in the previous graph with the corresponding decade averages for Wisconsin and the nation. As the chart reveals, Green County's average annual real total industry earnings growth recorded under Wisconsin's average during the 1970s (3.10% vs. 3.19%), recorded under Wisconsin's average in the 1980s (1.26% vs. 1.38%), recorded under Wisconsin's average during the 1990s (1.52% vs. 3.69%), surpassed Wisconsin's average throughout the 2000s (1.39% vs. 1.06%), registered above Wisconsin's average in the 2010s (2.17% vs. 1.83%), and led Wisconsin's average over the 3 year period of the current decade, 2020-2022 (1.76% vs. 0.87%).
Finally, relative to nationwide real total industry earnings growth trends, Green County fell below the nation over the 1970s (3.10% vs. 3.13%), fell under the nation throughout the 1980s (1.26% vs. 2.62%), fell below the nation over the 1990s (1.52% vs. 3.43%), posted below the nation in the 2000s (1.39% vs. 1.47%), trailed the nation throughout the 2010s (2.17% vs. 2.53%), and exceeded the nation over 2020-2022 (1.76% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.88
3.10
1.26
1.52
1.39
2.17
1.76
1.18
 
2.15
3.19
1.38
3.69
1.06
1.83
0.87
-0.45
 
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.

   
 
Green County:
Total Industry Earnings, 1969-2022
 
1969
 
80,926
0.189
428,565
100.0
N
0.61
1970
 
84,550
0.198
427,755
99.8
-0.19
0.60
1971
 
87,599
0.206
425,135
99.2
-0.61
0.59
1972
 
96,907
0.213
454,792
106.1
6.98
0.59
1973
 
113,807
0.225
506,823
118.3
11.44
0.62
1974
 
118,053
0.248
476,155
111.1
-6.05
0.59
1975
 
128,930
0.269
480,007
112.0
0.81
0.60
1976
 
144,308
0.283
509,328
118.8
6.11
0.61
1977
 
163,597
0.302
542,143
126.5
6.44
0.61
1978
 
182,303
0.323
564,825
131.8
4.18
0.61
1979
 
202,256
0.351
575,523
134.3
1.89
0.60
1980
 
223,486
0.389
574,101
134.0
-0.25
0.62
1981
 
226,377
0.424
533,719
124.5
-7.03
0.60
1982
 
235,141
0.448
525,208
122.6
-1.59
0.61
1983
 
232,855
0.467
498,875
116.4
-5.01
0.58
1984
 
263,902
0.484
544,813
127.1
9.21
0.59
1985
 
278,761
0.501
556,098
129.8
2.07
0.59
1986
 
306,387
0.512
598,190
139.6
7.57
0.61
1987
 
338,035
0.528
640,194
149.4
7.02
0.63
1988
 
335,545
0.549
611,583
142.7
-4.47
0.58
1989
 
367,980
0.573
642,636
150.0
5.08
0.59
1990
 
369,925
0.598
618,862
144.4
-3.70
0.56
1991
 
370,684
0.618
600,065
140.0
-3.04
0.53
1992
 
395,789
0.634
624,076
145.6
4.00
0.52
1993
 
410,178
0.650
631,043
147.2
1.12
0.51
1994
 
454,431
0.664
684,838
159.8
8.52
0.53
1995
 
440,455
0.678
650,080
151.7
-5.08
0.50
1996
 
460,195
0.692
664,993
155.2
2.29
0.49
1997
 
480,690
0.704
682,730
159.3
2.67
0.48
1998
 
504,757
0.710
711,256
166.0
4.18
0.47
1999
 
533,560
0.720
741,045
172.9
4.19
0.47
2000
 
559,647
0.738
758,103
176.9
2.30
0.47
2001
 
576,514
0.753
765,603
178.6
0.99
0.46
2002
 
597,894
0.763
783,702
182.9
2.36
0.46
2003
 
646,070
0.779
829,422
193.5
5.83
0.48
2004
 
692,042
0.798
866,927
202.3
4.52
0.49
2005
 
722,278
0.821
879,465
205.2
1.45
0.50
2006
 
776,285
0.844
919,333
214.5
4.53
0.51
2007
 
802,228
0.866
926,285
216.1
0.76
0.51
2008
 
806,666
0.892
904,638
211.1
-2.34
0.51
2009
 
752,005
0.889
845,700
197.3
-6.52
0.49
2010
 
788,577
0.905
871,221
203.3
3.02
0.50
2011
 
878,038
0.928
946,121
220.8
8.60
0.53
2012
 
920,321
0.945
973,534
227.2
2.90
0.53
2013
 
926,415
0.958
967,222
225.7
-0.65
0.52
2014
 
946,166
0.971
974,214
227.3
0.72
0.52
2015
 
1,001,160
0.973
1,028,952
240.1
5.62
0.53
2016
 
1,010,970
0.983
1,028,621
240.0
-0.03
0.52
2017
 
1,027,661
1.000
1,027,661
239.8
-0.09
0.52
2018
 
1,060,269
1.020
1,039,001
242.4
1.10
0.51
2019
 
1,080,684
1.035
1,044,008
243.6
0.48
0.50
2020
 
1,089,102
1.046
1,040,858
242.9
-0.30
0.49
2021
 
1,184,564
1.090
1,086,746
253.6
4.41
0.51
2022
 
1,275,976
1.160
1,099,572
256.6
1.18
0.51
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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.

   
 
Wisconsin:
Total Industry Earnings, 1969-2022
 
1969
 
13,299,689
0.189
70,432,076
100.0
N
2.03
1970
 
13,996,652
0.198
70,811,758
100.5
0.54
2.02
1971
 
14,882,838
0.206
72,229,255
102.6
2.00
2.01
1972
 
16,364,845
0.213
76,801,413
109.0
6.33
2.00
1973
 
18,460,128
0.225
82,209,432
116.7
7.04
2.01
1974
 
19,988,459
0.248
80,621,381
114.5
-1.93
2.01
1975
 
21,371,022
0.269
79,564,490
113.0
-1.31
2.02
1976
 
23,719,629
0.283
83,717,323
118.9
5.22
2.02
1977
 
26,786,797
0.302
88,768,548
126.0
6.03
2.05
1978
 
30,116,657
0.323
93,309,756
132.5
5.12
2.04
1979
 
33,721,026
0.351
95,953,749
136.2
2.83
2.05
1980
 
35,788,170
0.389
91,934,263
130.5
-4.19
2.01
1981
 
37,867,430
0.424
89,278,392
126.8
-2.89
1.93
1982
 
38,813,606
0.448
86,693,632
123.1
-2.90
1.89
1983
 
40,336,114
0.467
86,417,247
122.7
-0.32
1.84
1984
 
44,867,823
0.484
92,627,476
131.5
7.19
1.84
1985
 
47,233,154
0.501
94,225,092
133.8
1.72
1.81
1986
 
50,210,889
0.512
98,031,764
139.2
4.04
1.80
1987
 
53,917,095
0.528
102,111,842
145.0
4.16
1.80
1988
 
57,909,729
0.549
105,549,492
149.9
3.37
1.78
1989
 
62,611,437
0.573
109,343,946
155.2
3.59
1.81
1990
 
66,619,910
0.598
111,451,125
158.2
1.93
1.81
1991
 
69,403,725
0.618
112,351,030
159.5
0.81
1.83
1992
 
75,563,055
0.634
119,147,044
169.2
6.05
1.86
1993
 
79,850,486
0.650
122,846,902
174.4
3.11
1.88
1994
 
85,198,939
0.664
128,396,737
182.3
4.52
1.91
1995
 
88,756,806
0.678
130,998,621
186.0
2.03
1.90
1996
 
93,623,218
0.692
135,287,803
192.1
3.27
1.89
1997
 
99,604,734
0.704
141,469,931
200.9
4.57
1.88
1998
 
106,642,979
0.710
150,271,223
213.4
6.22
1.87
1999
 
112,950,338
0.720
156,873,291
222.7
4.39
1.85
2000
 
119,592,326
0.738
162,000,929
230.0
3.27
1.81
2001
 
125,490,544
0.753
166,649,683
236.6
2.87
1.83
2002
 
129,879,609
0.763
170,242,373
241.7
2.16
1.86
2003
 
134,072,391
0.779
172,121,590
244.4
1.10
1.85
2004
 
141,101,383
0.798
176,758,970
251.0
2.69
1.84
2005
 
145,254,978
0.821
176,866,290
251.1
0.06
1.81
2006
 
151,722,160
0.844
179,680,436
255.1
1.59
1.78
2007
 
156,858,519
0.866
181,115,290
257.1
0.80
1.77
2008
 
159,732,596
0.892
179,132,663
254.3
-1.09
1.77
2009
 
154,756,462
0.889
174,038,148
247.1
-2.84
1.78
2010
 
158,659,374
0.905
175,287,109
248.9
0.72
1.76
2011
 
166,933,320
0.928
179,877,290
255.4
2.62
1.77
2012
 
172,983,043
0.945
182,985,003
259.8
1.73
1.76
2013
 
177,814,101
0.958
185,646,528
263.6
1.45
1.75
2014
 
183,139,236
0.971
188,568,112
267.7
1.57
1.73
2015
 
189,869,463
0.973
195,140,200
277.1
3.49
1.72
2016
 
192,623,851
0.983
195,986,988
278.3
0.43
1.70
2017
 
199,164,897
1.000
199,164,897
282.8
1.62
1.68
2018
 
208,428,701
1.020
204,247,750
290.0
2.55
1.68
2019
 
215,882,075
1.035
208,555,520
296.1
2.11
1.66
2020
 
220,125,725
1.046
210,374,851
298.7
0.87
1.67
2021
 
234,299,527
1.090
214,951,722
305.2
2.18
1.64
2022
 
248,309,929
1.160
213,980,963
303.8
-0.45
1.63
Source: Calculations by the Wisconsin Regional Economic Analysis Project (WI-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 Wisconsin Regional Economic Analysis Project (WI-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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