Bulloch County vs. Georgia
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Bulloch County vs. Georgia
Bulloch County:
2022 Earnings = $1,802,599K
2022 Percent of State = 0.41%
Georgia:
2022 Earnings = $440,692,787K
2022 Percent of U.S. = 2.90%
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.
Bulloch County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Bulloch County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Bulloch 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 Bulloch County over time.
When measured in current dollars, Bulloch County's total industry earnings increased 2,966.64%, from $59M in 1970 to $1,803M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 422.35%, from $297M in 1970 to $1,553M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Bulloch County's and Georgia'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, Bulloch County's real total industry earnings rose from $267M in 1969 to $1,553M in 2022, for a net gain of $1,287M, or 482.47%. In comparison, Georgia's real total industry earnings advanced from $68,288M in 1969 to $379,767M in 2022, for a net advance of $311,478M, or 456.12%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Bulloch County's real total industry earnings growth in a broader context by offering direct comparisons across time with Georgia, 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.
Bulloch County's overall real total industry earnings growth was 482.47% over 1969-2022 outpaced Georgia's increase of 456.12%, and outpaced the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Georgia Total: 1969-2022
Total Industry Earnings as a Percent of the Georgia Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Bulloch County is to compare its individual percentage contributions to Georgia'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 Georgia's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Bulloch County's total industry earnings comprised 0.39% of Georgia's total industry earnings, while in 2022 it equated to 0.41% thereby yielding a +0.02% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.02%
=
0.41%
-
0.39%
 
   
Bulloch County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Bulloch County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Bulloch 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, Bulloch County's real total industry earnings grew at an annual rate of 3.50% over 1970-2022. The county posted its highest growth in 1973 (15.64%) and recorded its lowest growth in 1980 (-7.58%). In 2022, Bulloch County's real total industry earnings grew by 2.27%
Bulloch County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Bulloch 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 Bulloch 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, Bulloch County's annual real total industry earnings growth rate averaged 5.31%. It averaged 3.66% during the 1980s, 5.22% throughout the 1990s, 1.46% during the 2000s, 2.00% during the 2010s, 2.91% 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 Bulloch County noted in the previous graph with the corresponding decade averages for Georgia and the nation. As the chart reveals, Bulloch County's average annual real total industry earnings growth registered above Georgia's average in the 1970s (5.31% vs. 3.86%), recorded under Georgia's average in the 1980s (3.66% vs. 4.31%), outperformed Georgia's average in the 1990s (5.22% vs. 5.06%), registered above Georgia's average during the 2000s (1.46% vs. 1.13%), amounted to less than Georgia's average during the 2010s (2.00% vs. 2.86%), and outpaced Georgia's average over the 3 year period of the current decade, 2020-2022 (2.91% vs. 1.62%).
Finally, relative to nationwide real total industry earnings growth trends, Bulloch County outperformed the nation in the 1970s (5.31% vs. 3.13%), registered above the nation throughout the 1980s (3.66% vs. 2.62%), exceeded the nation during the 1990s (5.22% vs. 3.43%), trailed the nation over the 2000s (1.46% vs. 1.47%), trailed the nation during the 2010s (2.00% vs. 2.53%), and surpassed the nation over 2020-2022 (2.91% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.50
5.31
3.66
5.22
1.46
2.00
2.91
2.27
 
3.34
3.86
4.31
5.06
1.13
2.86
1.62
0.63
 
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.

   
 
Bulloch County:
Total Industry Earnings, 1969-2022
 
1969
 
50,359
0.189
266,690
100.0
N
0.39
1970
 
58,781
0.198
297,384
111.5
11.51
0.43
1971
 
67,685
0.206
328,488
123.2
10.46
0.45
1972
 
75,281
0.213
353,299
132.5
7.55
0.44
1973
 
91,741
0.225
408,555
153.2
15.64
0.48
1974
 
99,324
0.248
400,613
150.2
-1.94
0.48
1975
 
102,822
0.269
382,807
143.5
-4.44
0.48
1976
 
108,995
0.283
384,693
144.2
0.49
0.45
1977
 
110,509
0.302
366,215
137.3
-4.80
0.41
1978
 
136,661
0.323
423,414
158.8
15.62
0.44
1979
 
153,336
0.351
436,320
163.6
3.05
0.44
1980
 
156,969
0.389
403,229
151.2
-7.58
0.42
1981
 
191,117
0.424
450,588
169.0
11.74
0.45
1982
 
196,320
0.448
438,498
164.4
-2.68
0.43
1983
 
203,387
0.467
435,742
163.4
-0.63
0.41
1984
 
232,460
0.484
479,903
179.9
10.13
0.41
1985
 
245,079
0.501
488,906
183.3
1.88
0.39
1986
 
256,774
0.512
501,326
188.0
2.54
0.37
1987
 
289,099
0.528
547,515
205.3
9.21
0.39
1988
 
316,466
0.549
576,809
216.3
5.35
0.39
1989
 
352,238
0.573
615,145
230.7
6.65
0.41
1990
 
375,432
0.598
628,075
235.5
2.10
0.41
1991
 
402,933
0.618
652,270
244.6
3.85
0.42
1992
 
438,850
0.634
691,974
259.5
6.09
0.42
1993
 
457,116
0.650
703,255
263.7
1.63
0.41
1994
 
509,639
0.664
768,038
288.0
9.21
0.43
1995
 
549,496
0.678
811,016
304.1
5.60
0.43
1996
 
602,285
0.692
870,316
326.3
7.31
0.44
1997
 
645,304
0.704
916,534
343.7
5.31
0.44
1998
 
686,959
0.710
967,998
363.0
5.62
0.42
1999
 
735,433
0.720
1,021,421
383.0
5.52
0.42
2000
 
796,527
0.738
1,078,983
404.6
5.64
0.42
2001
 
761,853
0.753
1,011,730
379.4
-6.23
0.38
2002
 
785,135
0.763
1,029,132
385.9
1.72
0.39
2003
 
871,447
0.779
1,118,760
419.5
8.71
0.41
2004
 
886,955
0.798
1,111,096
416.6
-0.69
0.40
2005
 
935,175
0.821
1,138,694
427.0
2.48
0.40
2006
 
979,906
0.844
1,160,476
435.1
1.91
0.40
2007
 
1,023,704
0.866
1,182,011
443.2
1.86
0.40
2008
 
1,038,681
0.892
1,164,832
436.8
-1.45
0.42
2009
 
1,042,803
0.889
1,172,730
439.7
0.68
0.43
2010
 
1,069,697
0.905
1,181,803
443.1
0.77
0.43
2011
 
1,085,053
0.928
1,169,188
438.4
-1.07
0.42
2012
 
1,100,274
0.945
1,163,892
436.4
-0.45
0.41
2013
 
1,183,384
0.958
1,235,510
463.3
6.15
0.43
2014
 
1,231,131
0.971
1,267,626
475.3
2.60
0.42
2015
 
1,301,851
0.973
1,337,990
501.7
5.55
0.42
2016
 
1,353,066
0.983
1,376,690
516.2
2.89
0.42
2017
 
1,407,382
1.000
1,407,382
527.7
2.23
0.41
2018
 
1,444,056
1.020
1,415,089
530.6
0.55
0.40
2019
 
1,475,709
1.035
1,425,627
534.6
0.74
0.39
2020
 
1,515,520
1.046
1,448,387
543.1
1.60
0.40
2021
 
1,655,568
1.090
1,518,856
569.5
4.87
0.40
2022
 
1,802,599
1.160
1,553,389
582.5
2.27
0.41
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-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.

   
 
Georgia:
Total Industry Earnings, 1969-2022
 
1969
 
12,894,885
0.189
68,288,328
100.0
N
1.97
1970
 
13,722,245
0.198
69,423,480
101.7
1.66
1.98
1971
 
15,046,613
0.206
73,024,086
106.9
5.19
2.03
1972
 
16,960,015
0.213
79,594,589
116.6
9.00
2.07
1973
 
19,249,189
0.225
85,723,398
125.5
7.70
2.09
1974
 
20,683,625
0.248
83,425,261
122.2
-2.68
2.08
1975
 
21,620,361
0.269
80,492,781
117.9
-3.52
2.04
1976
 
24,415,451
0.283
86,173,194
126.2
7.06
2.08
1977
 
27,263,028
0.302
90,346,726
132.3
4.84
2.09
1978
 
31,100,766
0.323
96,358,799
141.1
6.65
2.11
1979
 
34,773,803
0.351
98,949,444
144.9
2.69
2.11
1980
 
37,748,741
0.389
96,970,666
142.0
-2.00
2.12
1981
 
42,145,086
0.424
99,363,636
145.5
2.47
2.15
1982
 
45,137,168
0.448
100,817,869
147.6
1.46
2.20
1983
 
49,563,255
0.467
106,185,738
155.5
5.32
2.27
1984
 
56,781,586
0.484
117,222,870
171.7
10.39
2.33
1985
 
62,619,633
0.501
124,919,472
182.9
6.57
2.39
1986
 
68,831,974
0.512
134,387,579
196.8
7.58
2.47
1987
 
74,539,811
0.528
141,168,537
206.7
5.05
2.49
1988
 
81,265,732
0.549
148,119,442
216.9
4.92
2.49
1989
 
85,961,457
0.573
150,122,172
219.8
1.35
2.48
1990
 
91,455,190
0.598
152,999,063
224.0
1.92
2.49
1991
 
95,155,923
0.618
154,038,791
225.6
0.68
2.51
1992
 
103,731,208
0.634
163,562,296
239.5
6.18
2.56
1993
 
110,172,375
0.650
169,495,962
248.2
3.63
2.60
1994
 
118,268,706
0.664
178,233,628
261.0
5.16
2.65
1995
 
127,124,586
0.678
187,626,688
274.8
5.27
2.72
1996
 
137,328,985
0.692
198,443,687
290.6
5.77
2.77
1997
 
146,750,084
0.704
208,431,099
305.2
5.03
2.78
1998
 
162,831,621
0.710
229,446,956
336.0
10.08
2.85
1999
 
176,615,972
0.720
245,296,554
359.2
6.91
2.90
2000
 
190,314,824
0.738
257,802,314
377.5
5.10
2.88
2001
 
199,208,762
0.753
264,546,442
387.4
2.62
2.90
2002
 
203,554,473
0.763
266,813,219
390.7
0.86
2.91
2003
 
211,086,260
0.779
270,991,681
396.8
1.57
2.91
2004
 
223,651,784
0.798
280,170,599
410.3
3.39
2.91
2005
 
234,482,171
0.821
285,511,672
418.1
1.91
2.92
2006
 
247,326,583
0.844
292,902,159
428.9
2.59
2.90
2007
 
253,924,832
0.866
293,192,042
429.3
0.10
2.86
2008
 
249,827,347
0.892
280,169,729
410.3
-4.44
2.77
2009
 
243,234,640
0.889
273,540,154
400.6
-2.37
2.80
2010
 
247,566,378
0.905
273,511,698
400.5
-0.01
2.74
2011
 
257,862,260
0.928
277,856,838
406.9
1.59
2.73
2012
 
265,590,679
0.945
280,947,256
411.4
1.11
2.70
2013
 
275,108,236
0.958
287,226,314
420.6
2.23
2.70
2014
 
291,697,444
0.971
300,344,358
439.8
4.57
2.75
2015
 
310,165,998
0.973
318,776,142
466.8
6.14
2.81
2016
 
323,563,225
0.983
329,212,512
482.1
3.27
2.86
2017
 
340,940,643
1.000
340,940,643
499.3
3.56
2.88
2018
 
357,333,989
1.020
350,166,089
512.8
2.71
2.87
2019
 
374,855,168
1.035
362,133,421
530.3
3.42
2.89
2020
 
377,410,950
1.046
360,692,837
528.2
-0.40
2.87
2021
 
411,375,584
1.090
377,405,330
552.7
4.63
2.88
2022
 
440,692,787
1.160
379,766,799
556.1
0.63
2.90
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-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 Georgia Regional Economic Analysis Project (GA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
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