Colquitt County vs. Georgia
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2018
Introduction
Colquitt County:
2018 Earnings = $839,327K
2018 Percent of State = 0.2%
Georgia:
2018 Earnings = $356,655,641K
2018 Percent of State = 2.9%
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.
Colquitt County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Colquitt County Total Industry Earnings, 1969-2018
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Colquitt County's annual total industry earnings over 1969-2018 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 Colquitt County over time.
When measured in current dollars, Colquitt County's total industry earnings increased 1,178.9%, from $66M in 1969 to $839M in 2018. When measured in constant 2012 dollars to adjust for inflation, it advanced 136.7%, from $328M in 1969 to $776M in 2018.
Real Total Industry Earnings, 1969-2018 (Millions)
Real Total Industry Earnings, 1969-2018 (Millions)
Figure 2.
Figure 2 traces Colquitt County's and Georgia's annual real total industry earnings for the period 1969-2018 to illustrate real total industry earnings patterns over time. During this 50-year period, Colquitt County's real total industry earnings rose from $328M in 1969 to $776M in 2018, for a net gain of $448M, or 136.7%. In comparison, Georgia's real total industry earnings advanced from $64,426M in 1969 to $329,800M in 2018, for a net gain of $265,374M, or 411.9%.
Real Total Industry Earnings Indices (1969=100): 1969-2018
Real Total Industry Earnings Indices (1969=100): 1969-2018
Figure 3.
Figure 3 shows Colquitt 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.
Colquitt County's overall real total industry earnings growth was 136.7% over 1969-2018 trailed Georgia's increase of 411.9%, and fell below the United States' increase of 254.2%.
Total Industry Earnings as a Percent of the Georgia Total: 1969-2018
Total Industry Earnings as a Percent of the Georgia Total: 1969-2018
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Colquitt County is to trace 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, Colquitt County's total industry earnings totaled 0.51% of Georgia's total industry earnings, while in 2018 it totaled 0.24% thereby yielding a -0.27% share-shift.
   
 
Total Industry Earnings Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
-0.27%
=
0.24%
-
0.51%
 
   
Colquitt County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Colquitt County Real Total Industry Earnings:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 displays the short-run pattern of Colquitt County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-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, Colquitt County's real total industry earnings grew at an annual rate of 1.93% over 1970-2018. The county posted its highest growth in 1973 (13.68%) and recorded its lowest growth in 1975 (-12.65%). In 2018, Colquitt County's real total industry earnings declined by -1.22%
Colquitt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
Colquitt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2018
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 traces the annual percent change in Colquitt 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 2010-2018.
During the 1970s, Colquitt County's annual real total industry earnings growth rate averaged 2.59%. It averaged 2.71% throughout the 1980s, 3.01% in the 1990s, 0.34% in the 2000s, and 0.87% thus far this decade (2010 to 2018).
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 Colquitt County noted in the previous graph with the corresponding decade averages for Georgia and the nation. As the chart reveals, Colquitt County's average annual real total industry earnings growth posted below Georgia's average throughout the 1970s (2.59% vs. 3.86%), fell below Georgia's average in the 1980s (2.71% vs. 4.31%), amounted to less than Georgia's average throughout the 1990s (3.01% vs. 5.06%), trailed Georgia's average throughout the 2000s (0.34% vs. 1.16%), and trailed Georgia's average over the 9 year period of the last decade, 2010-2018 (0.87% vs. 2.75%).
Finally, relative to nationwide real total industry earnings growth trends, Colquitt County recorded underneath the nation during the 1970s (2.59% vs. 3.13%), recorded above the nation during the 1980s (2.71% vs. 2.62%), trailed the nation over the 1990s (3.01% vs. 3.43%), fell below the nation throughout the 2000s (0.34% vs. 1.49%), and posted below the nation over 2010-2018 (0.87% vs. 2.54%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.93
2.59
2.71
3.01
0.34
0.87
-1.22
 
3.44
3.86
4.31
5.06
1.16
2.75
2.63
 
2.64
3.13
2.62
3.43
1.49
2.54
2.80
 
   

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

   
 
Colquitt County:
Total Industry Earnings, 1969-2018
 
1969
 
65,630
0.200
327,904
100.0
N
0.51
1970
 
69,696
0.210
332,662
101.5
1.45
0.51
1971
 
73,509
0.218
336,564
102.6
1.17
0.49
1972
 
85,793
0.226
379,850
115.8
12.86
0.51
1973
 
102,783
0.238
431,825
131.7
13.68
0.53
1974
 
104,614
0.263
398,075
121.4
-7.82
0.51
1975
 
98,993
0.285
347,710
106.0
-12.65
0.46
1976
 
113,812
0.300
378,969
115.6
8.99
0.47
1977
 
118,904
0.320
371,738
113.4
-1.91
0.44
1978
 
141,207
0.342
412,753
125.9
11.03
0.45
1979
 
152,293
0.373
408,829
124.7
-0.95
0.44
1980
 
150,703
0.413
365,234
111.4
-10.66
0.40
1981
 
172,629
0.450
383,978
117.1
5.13
0.41
1982
 
185,466
0.475
390,817
119.2
1.78
0.41
1983
 
194,999
0.495
394,144
120.2
0.85
0.39
1984
 
229,794
0.513
447,566
136.5
13.55
0.40
1985
 
245,092
0.531
461,272
140.7
3.06
0.39
1986
 
260,146
0.543
479,178
146.1
3.88
0.38
1987
 
283,050
0.560
505,772
154.2
5.55
0.38
1988
 
300,353
0.582
516,505
157.5
2.12
0.37
1989
 
319,328
0.607
526,162
160.5
1.87
0.37
1990
 
328,144
0.634
517,945
158.0
-1.56
0.36
1991
 
339,908
0.655
519,158
158.3
0.23
0.36
1992
 
365,167
0.672
543,258
165.7
4.64
0.35
1993
 
368,020
0.689
534,198
162.9
-1.67
0.33
1994
 
406,746
0.703
578,339
176.4
8.26
0.34
1995
 
442,943
0.718
616,818
188.1
6.65
0.35
1996
 
454,970
0.733
620,306
189.2
0.57
0.33
1997
 
481,725
0.746
645,545
196.9
4.07
0.33
1998
 
507,908
0.752
675,266
205.9
4.60
0.31
1999
 
537,653
0.763
704,306
214.8
4.30
0.30
2000
 
545,057
0.782
696,692
212.5
-1.08
0.29
2001
 
517,894
0.797
649,495
198.1
-6.77
0.26
2002
 
514,739
0.808
637,140
194.3
-1.90
0.25
2003
 
554,174
0.824
672,884
205.2
5.61
0.26
2004
 
578,019
0.844
684,767
208.8
1.77
0.26
2005
 
634,547
0.868
730,944
222.9
6.74
0.27
2006
 
652,908
0.892
732,173
223.3
0.17
0.26
2007
 
676,223
0.914
739,543
225.5
1.01
0.27
2008
 
672,018
0.942
713,546
217.6
-3.52
0.27
2009
 
680,760
0.941
723,489
220.6
1.39
0.28
2010
 
666,572
0.957
696,486
212.4
-3.73
0.27
2011
 
697,957
0.981
711,250
216.9
2.12
0.27
2012
 
709,321
1.000
709,321
216.3
-0.27
0.27
2013
 
725,086
1.013
715,456
218.2
0.86
0.26
2014
 
690,457
1.028
671,455
204.8
-6.15
0.24
2015
 
744,551
1.030
722,549
220.4
7.61
0.24
2016
 
766,551
1.041
736,424
224.6
1.92
0.24
2017
 
832,335
1.059
785,748
239.6
6.70
0.24
2018
 
839,327
1.081
776,127
236.7
-1.22
0.24
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 2019
REAP_PI_CA1400_1200_PSN
 
   

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

   
 
Georgia:
Total Industry Earnings, 1969-2018
 
1969
 
12,894,885
0.200
64,426,105
100.0
N
1.97
1970
 
13,722,245
0.210
65,496,850
101.7
1.66
1.98
1971
 
15,046,613
0.218
68,891,594
106.9
5.18
2.03
1972
 
16,960,015
0.226
75,090,831
116.6
9.00
2.07
1973
 
19,249,189
0.238
80,872,149
125.5
7.70
2.09
1974
 
20,683,625
0.263
78,704,814
122.2
-2.68
2.08
1975
 
21,620,361
0.285
75,940,854
117.9
-3.51
2.04
1976
 
24,415,451
0.300
81,298,119
126.2
7.05
2.08
1977
 
27,263,028
0.320
85,234,252
132.3
4.84
2.09
1978
 
31,100,766
0.342
90,908,673
141.1
6.66
2.11
1979
 
34,773,803
0.373
93,349,985
144.9
2.69
2.11
1980
 
37,748,741
0.413
91,485,485
142.0
-2.00
2.12
1981
 
42,145,086
0.450
93,743,240
145.5
2.47
2.15
1982
 
45,137,168
0.475
95,113,722
147.6
1.46
2.20
1983
 
49,563,255
0.495
100,180,408
155.5
5.33
2.27
1984
 
56,781,586
0.513
110,592,653
171.7
10.39
2.33
1985
 
62,619,633
0.531
117,852,285
182.9
6.56
2.39
1986
 
68,831,974
0.543
126,785,732
196.8
7.58
2.47
1987
 
74,539,811
0.560
133,192,429
206.7
5.05
2.49
1988
 
81,265,732
0.582
139,749,500
216.9
4.92
2.49
1989
 
85,961,457
0.607
141,640,232
219.8
1.35
2.48
1990
 
91,455,190
0.634
144,353,547
224.1
1.92
2.49
1991
 
95,155,923
0.655
145,336,128
225.6
0.68
2.51
1992
 
103,731,208
0.672
154,320,581
239.5
6.18
2.56
1993
 
110,172,375
0.689
159,920,419
248.2
3.63
2.60
1994
 
118,268,706
0.703
168,162,528
261.0
5.15
2.65
1995
 
127,124,586
0.718
177,026,620
274.8
5.27
2.72
1996
 
137,328,985
0.733
187,234,457
290.6
5.77
2.77
1997
 
146,750,084
0.746
196,655,299
305.2
5.03
2.78
1998
 
162,831,621
0.752
216,485,350
336.0
10.08
2.85
1999
 
176,615,972
0.763
231,360,492
359.1
6.87
2.90
2000
 
190,314,824
0.782
243,260,464
377.6
5.14
2.88
2001
 
199,208,762
0.797
249,829,143
387.8
2.70
2.90
2002
 
203,534,375
0.808
251,933,277
391.0
0.84
2.91
2003
 
211,055,830
0.824
256,266,337
397.8
1.72
2.91
2004
 
223,622,570
0.844
264,921,124
411.2
3.38
2.91
2005
 
234,461,123
0.868
270,079,163
419.2
1.95
2.92
2006
 
247,332,843
0.892
277,359,817
430.5
2.70
2.90
2007
 
253,965,751
0.914
277,746,398
431.1
0.14
2.86
2008
 
249,905,534
0.942
265,348,836
411.9
-4.46
2.77
2009
 
243,352,042
0.941
258,626,525
401.4
-2.53
2.80
2010
 
247,331,832
0.957
258,431,463
401.1
-0.08
2.74
2011
 
257,811,045
0.981
262,721,306
407.8
1.66
2.73
2012
 
266,463,546
1.000
266,463,546
413.6
1.42
2.69
2013
 
275,964,337
1.013
272,299,190
422.7
2.19
2.70
2014
 
292,893,487
1.028
284,832,721
442.1
4.60
2.74
2015
 
309,572,932
1.030
300,424,991
466.3
5.47
2.79
2016
 
323,199,634
1.041
310,497,194
481.9
3.35
2.84
2017
 
340,405,228
1.059
321,352,253
498.8
3.50
2.86
2018
 
356,655,641
1.081
329,800,025
511.9
2.63
2.85
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 2019
REAP_PI_CA1400_1200_PSN
 
   

Tip: 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, 1969-2018
 
1969
 
653,665,000
0.200
3,265,875,593
100.0
N
1970
 
693,352,000
0.210
3,309,398,119
101.3
1.33
1971
 
742,094,000
0.218
3,397,710,728
104.0
2.67
1972
 
819,646,000
0.226
3,629,000,266
111.1
6.81
1973
 
918,964,000
0.238
3,860,868,835
118.2
6.39
1974
 
993,909,000
0.263
3,781,997,717
115.8
-2.04
1975
 
1,059,492,000
0.285
3,721,433,088
113.9
-1.60
1976
 
1,173,271,000
0.300
3,906,736,148
119.6
4.98
1977
 
1,303,767,000
0.320
4,076,055,149
124.8
4.33
1978
 
1,476,080,000
0.342
4,314,635,644
132.1
5.85
1979
 
1,648,363,000
0.373
4,425,016,778
135.5
2.56
1980
 
1,784,597,000
0.413
4,325,037,565
132.4
-2.26
1981
 
1,961,173,000
0.450
4,362,233,640
133.6
0.86
1982
 
2,053,729,000
0.475
4,327,648,769
132.5
-0.79
1983
 
2,188,018,000
0.495
4,422,561,345
135.4
2.19
1984
 
2,432,402,000
0.513
4,737,553,318
145.1
7.12
1985
 
2,615,791,000
0.531
4,923,007,867
150.7
3.91
1986
 
2,786,901,000
0.543
5,133,359,735
157.2
4.27
1987
 
2,996,000,000
0.560
5,353,441,498
163.9
4.29
1988
 
3,259,979,000
0.582
5,606,058,365
171.7
4.72
1989
 
3,467,027,000
0.607
5,712,682,485
174.9
1.90
1990
 
3,679,460,000
0.634
5,807,686,844
177.8
1.66
1991
 
3,789,428,000
0.655
5,787,772,059
177.2
-0.34
1992
 
4,059,023,000
0.672
6,038,595,317
184.9
4.33
1993
 
4,237,437,000
0.689
6,150,840,446
188.3
1.86
1994
 
4,456,948,000
0.703
6,337,193,232
194.0
3.03
1995
 
4,674,849,000
0.718
6,509,934,411
199.3
2.73
1996
 
4,956,180,000
0.733
6,757,260,110
206.9
3.80
1997
 
5,288,047,000
0.746
7,086,350,053
217.0
4.87
1998
 
5,707,014,000
0.752
7,587,500,000
232.3
7.07
1999
 
6,098,042,000
0.763
7,988,212,948
244.6
5.28
2000
 
6,598,743,000
0.782
8,434,515,243
258.3
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.6
2.08
2002
 
7,001,130,000
0.808
8,665,944,621
265.3
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
269.3
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
278.4
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
283.6
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
292.5
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.9
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
293.0
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.7
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.7
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.7
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
303.2
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
309.1
1.96
2014
 
10,687,445,000
1.028
10,393,314,208
318.2
2.95
2015
 
11,111,139,000
1.030
10,782,802,659
330.2
3.75
2016
 
11,374,304,000
1.041
10,927,269,408
334.6
1.34
2017
 
11,921,152,000
1.059
11,253,907,806
344.6
2.99
2018
 
12,510,655,000
1.081
11,568,622,102
354.2
2.80
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 2019
REAP_PI_CA1400_1200_PN
 
   
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