Colquitt County vs. Georgia
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Colquitt County:
2017 Earnings = $819,939K
2017 Percent of State = 0.2%
Georgia:
2017 Earnings = $339,706,952K
2017 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, 1969-2017
Current vs. Constant Dollars (Millions)
Colquitt County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Colquitt County's annual total industry earnings over 1969-2017 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 1,146.7%, from $66M in 1969 to $820M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 135.2%, from $329M in 1969 to $773M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Colquitt County's and Georgia's annual real total industry earnings for the period 1969-2017 to illustrate real total industry earnings patterns over time. During this 49-year period, Colquitt County's real total industry earnings rose from $329M in 1969 to $773M in 2017, for a net gain of $444M, or 135.2%. In comparison, Georgia's real total industry earnings increased from $64,557M in 1969 to $320,258M in 2017, for a net advance of $255,700M, or 396.1%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
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 135.2% over 1969-2017 trailed Georgia's increase of 396.1%, and fell below the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the Georgia Total: 1969-2017
Total Industry Earnings as a Percent of the Georgia Total: 1969-2017
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Colquitt 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, Colquitt County's total industry earnings comprised 0.51% of Georgia's total industry earnings, while in 2017 it equated to 0.24% thereby yielding a -0.27% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.27%
=
0.24%
-
0.51%
 
   
Colquitt County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Colquitt County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
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 1970-2017. The average annual percent change for the entire 48-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, Colquitt County's real total industry earnings grew at an annual rate of 1.95% over 1970-2017. The county recorded its highest growth in 1973 (13.65%) and posted its lowest growth in 1975 (-12.60%). In 2017, Colquitt County's real total industry earnings grew by 5.40%
Colquitt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Colquitt County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Figure 6.
Over the past four 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 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 2010-2017.
During the 1970s, Colquitt County's annual real total industry earnings growth rate averaged 2.59%. It averaged 2.70% throughout the 1980s, 3.02% in the 1990s, 0.32% throughout the 2000s, and 0.92% thus far this decade (2010 to 2017).
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 recorded under Georgia's average in the 1970s (2.59% vs. 3.86%), posted below Georgia's average in the 1980s (2.70% vs. 4.30%), trailed Georgia's average during the 1990s (3.02% vs. 5.07%), trailed Georgia's average in the 2000s (0.32% vs. 1.14%), and trailed Georgia's average over the 8 year period of the last decade, 2010-2017 (0.92% vs. 2.72%).
Finally, relative to nationwide real total industry earnings growth trends, Colquitt County fell under the nation throughout the 1970s (2.59% vs. 3.13%), outperformed the nation throughout the 1980s (2.70% vs. 2.61%), lagged the nation in the 1990s (3.02% vs. 3.44%), trailed the nation over the 2000s (0.32% vs. 1.47%), and trailed the nation over 2010-2017 (0.92% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.95
2.59
2.70
3.02
0.32
0.92
5.40
 
3.45
3.86
4.30
5.07
1.14
2.72
3.45
 
2.63
3.13
2.61
3.44
1.47
2.46
2.86
 
   

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, 1969-2017
 
1969
 
65,767
0.200
328,589
100.0
N
0.51
1970
 
69,846
0.210
333,378
101.5
1.46
0.51
1971
 
73,675
0.218
337,324
102.7
1.18
0.49
1972
 
85,981
0.226
380,683
115.9
12.85
0.51
1973
 
102,981
0.238
432,657
131.7
13.65
0.53
1974
 
104,841
0.263
398,938
121.4
-7.79
0.51
1975
 
99,268
0.285
348,676
106.1
-12.60
0.46
1976
 
114,093
0.300
379,905
115.6
8.96
0.47
1977
 
119,224
0.320
372,738
113.4
-1.89
0.44
1978
 
141,552
0.342
413,762
125.9
11.01
0.45
1979
 
152,684
0.373
409,879
124.7
-0.94
0.44
1980
 
151,121
0.413
366,247
111.5
-10.64
0.40
1981
 
172,907
0.450
384,597
117.0
5.01
0.41
1982
 
185,606
0.475
391,112
119.0
1.69
0.41
1983
 
195,154
0.495
394,458
120.0
0.86
0.39
1984
 
229,958
0.513
447,886
136.3
13.54
0.40
1985
 
245,270
0.531
461,607
140.5
3.06
0.39
1986
 
260,344
0.543
479,543
145.9
3.89
0.38
1987
 
283,272
0.560
506,168
154.0
5.55
0.38
1988
 
300,624
0.582
516,971
157.3
2.13
0.37
1989
 
319,754
0.607
526,864
160.3
1.91
0.37
1990
 
328,526
0.634
518,548
157.8
-1.58
0.36
1991
 
340,253
0.655
519,684
158.2
0.22
0.36
1992
 
365,708
0.672
544,063
165.6
4.69
0.35
1993
 
368,660
0.689
535,127
162.9
-1.64
0.33
1994
 
407,507
0.703
579,421
176.3
8.28
0.34
1995
 
443,868
0.718
618,106
188.1
6.68
0.35
1996
 
456,069
0.733
621,805
189.2
0.60
0.33
1997
 
482,982
0.746
647,229
197.0
4.09
0.33
1998
 
509,257
0.752
677,059
206.1
4.61
0.31
1999
 
539,128
0.763
706,238
214.9
4.31
0.30
2000
 
546,874
0.782
699,015
212.7
-1.02
0.29
2001
 
517,894
0.797
649,495
197.7
-7.08
0.26
2002
 
514,739
0.808
637,140
193.9
-1.90
0.25
2003
 
554,174
0.824
672,884
204.8
5.61
0.26
2004
 
578,019
0.844
684,767
208.4
1.77
0.26
2005
 
634,547
0.868
730,944
222.4
6.74
0.27
2006
 
652,908
0.892
732,173
222.8
0.17
0.26
2007
 
676,223
0.914
739,543
225.1
1.01
0.27
2008
 
672,018
0.942
713,546
217.2
-3.52
0.27
2009
 
680,760
0.941
723,489
220.2
1.39
0.28
2010
 
666,572
0.957
696,486
212.0
-3.73
0.27
2011
 
697,957
0.981
711,250
216.5
2.12
0.27
2012
 
709,321
1.000
709,321
215.9
-0.27
0.27
2013
 
725,086
1.013
715,456
217.7
0.86
0.26
2014
 
688,747
1.029
669,544
203.8
-6.42
0.24
2015
 
744,722
1.031
722,148
219.8
7.86
0.24
2016
 
764,420
1.042
733,362
223.2
1.55
0.24
2017
 
819,939
1.061
772,995
235.2
5.40
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 2018
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, 1969-2017
 
1969
 
12,921,130
0.200
64,557,232
100.0
N
1.97
1970
 
13,752,289
0.210
65,640,251
101.7
1.68
1.98
1971
 
15,081,837
0.218
69,052,868
107.0
5.20
2.03
1972
 
17,000,177
0.226
75,268,649
116.6
9.00
2.07
1973
 
19,291,594
0.238
81,050,307
125.5
7.68
2.09
1974
 
20,732,959
0.263
78,892,538
122.2
-2.66
2.08
1975
 
21,679,648
0.285
76,149,097
118.0
-3.48
2.04
1976
 
24,476,629
0.300
81,501,828
126.2
7.03
2.08
1977
 
27,333,299
0.320
85,453,945
132.4
4.85
2.09
1978
 
31,177,868
0.342
91,134,045
141.2
6.65
2.11
1979
 
34,858,201
0.373
93,576,551
145.0
2.68
2.11
1980
 
37,836,951
0.413
91,699,266
142.0
-2.01
2.12
1981
 
42,206,162
0.450
93,879,092
145.4
2.38
2.15
1982
 
45,166,894
0.475
95,176,361
147.4
1.38
2.20
1983
 
49,595,297
0.495
100,245,173
155.3
5.33
2.27
1984
 
56,815,835
0.513
110,659,360
171.4
10.39
2.33
1985
 
62,656,458
0.531
117,921,591
182.7
6.56
2.39
1986
 
68,872,371
0.543
126,860,142
196.5
7.58
2.47
1987
 
74,584,737
0.560
133,272,706
206.4
5.05
2.49
1988
 
81,322,176
0.582
139,846,565
216.6
4.93
2.49
1989
 
86,049,656
0.607
141,785,559
219.6
1.39
2.48
1990
 
91,538,137
0.634
144,484,472
223.8
1.90
2.49
1991
 
95,231,119
0.655
145,450,978
225.3
0.67
2.51
1992
 
103,849,775
0.672
154,496,973
239.3
6.22
2.56
1993
 
110,312,577
0.689
160,123,929
248.0
3.64
2.60
1994
 
118,431,847
0.703
168,394,493
260.8
5.17
2.65
1995
 
127,320,020
0.718
177,298,770
274.6
5.29
2.72
1996
 
137,553,527
0.733
187,540,598
290.5
5.78
2.77
1997
 
146,996,220
0.746
196,985,139
305.1
5.04
2.77
1998
 
163,152,824
0.752
216,912,391
336.0
10.12
2.85
1999
 
176,989,506
0.763
231,849,807
359.1
6.89
2.90
2000
 
190,767,801
0.782
243,839,459
377.7
5.17
2.89
2001
 
199,208,762
0.797
249,829,143
387.0
2.46
2.90
2002
 
203,534,375
0.808
251,933,277
390.2
0.84
2.91
2003
 
211,055,830
0.824
256,266,337
397.0
1.72
2.91
2004
 
223,622,570
0.844
264,921,124
410.4
3.38
2.91
2005
 
234,461,123
0.868
270,079,163
418.4
1.95
2.92
2006
 
247,332,843
0.892
277,359,817
429.6
2.70
2.90
2007
 
253,965,751
0.914
277,746,398
430.2
0.14
2.86
2008
 
249,905,534
0.942
265,348,836
411.0
-4.46
2.77
2009
 
243,352,042
0.941
258,626,525
400.6
-2.53
2.80
2010
 
247,331,832
0.957
258,431,463
400.3
-0.08
2.74
2011
 
257,811,045
0.981
262,721,306
407.0
1.66
2.73
2012
 
266,463,546
1.000
266,463,546
412.8
1.42
2.69
2013
 
275,964,337
1.013
272,299,190
421.8
2.19
2.70
2014
 
291,984,124
1.029
283,843,493
439.7
4.24
2.73
2015
 
309,070,814
1.031
299,702,126
464.2
5.59
2.78
2016
 
322,688,621
1.042
309,577,993
479.5
3.30
2.84
2017
 
339,706,952
1.061
320,257,702
496.1
3.45
2.86
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 2018
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, 1969-2017
 
1969
 
655,222,000
0.200
3,273,654,759
100.0
N
1970
 
695,122,000
0.210
3,317,846,404
101.3
1.35
1971
 
744,129,000
0.218
3,407,028,067
104.1
2.69
1972
 
821,953,000
0.226
3,639,214,558
111.2
6.81
1973
 
921,321,000
0.238
3,870,771,364
118.2
6.36
1974
 
996,515,000
0.263
3,791,914,003
115.8
-2.04
1975
 
1,062,436,000
0.285
3,731,773,797
114.0
-1.59
1976
 
1,176,158,000
0.300
3,916,349,228
119.6
4.95
1977
 
1,306,927,000
0.320
4,085,934,471
124.8
4.33
1978
 
1,479,559,000
0.342
4,324,804,887
132.1
5.85
1979
 
1,652,190,000
0.373
4,435,290,328
135.5
2.55
1980
 
1,788,607,000
0.413
4,334,755,950
132.4
-2.27
1981
 
1,963,955,000
0.450
4,368,421,638
133.4
0.78
1982
 
2,055,057,000
0.475
4,330,447,151
132.3
-0.87
1983
 
2,189,442,000
0.495
4,425,439,625
135.2
2.19
1984
 
2,433,929,000
0.513
4,740,527,433
144.8
7.12
1985
 
2,617,433,000
0.531
4,926,098,167
150.5
3.91
1986
 
2,788,677,000
0.543
5,136,631,055
156.9
4.27
1987
 
2,997,904,000
0.560
5,356,843,685
163.6
4.29
1988
 
3,262,349,000
0.582
5,610,133,962
171.4
4.73
1989
 
3,470,801,000
0.607
5,718,900,972
174.7
1.94
1990
 
3,683,053,000
0.634
5,813,358,062
177.6
1.65
1991
 
3,792,707,000
0.655
5,792,780,230
177.0
-0.35
1992
 
4,064,120,000
0.672
6,046,178,107
184.7
4.37
1993
 
4,243,356,000
0.689
6,159,432,155
188.2
1.87
1994
 
4,463,755,000
0.703
6,346,871,890
193.9
3.04
1995
 
4,682,699,000
0.718
6,520,865,884
199.2
2.74
1996
 
4,964,951,000
0.733
6,769,218,499
206.8
3.81
1997
 
5,297,835,000
0.746
7,099,466,652
216.9
4.88
1998
 
5,717,821,000
0.752
7,601,867,954
232.2
7.08
1999
 
6,109,679,000
0.763
8,003,456,994
244.5
5.28
2000
 
6,611,246,000
0.782
8,450,496,581
258.1
5.59
2001
 
6,865,291,000
0.797
8,609,810,881
263.0
1.89
2002
 
7,001,130,000
0.808
8,665,944,621
264.7
0.65
2003
 
7,243,665,000
0.824
8,795,338,644
268.7
1.49
2004
 
7,675,133,000
0.844
9,092,574,428
277.7
3.38
2005
 
8,039,648,000
0.868
9,260,986,960
282.9
1.85
2006
 
8,519,777,000
0.892
9,554,104,335
291.8
3.17
2007
 
8,866,784,000
0.914
9,697,044,992
296.2
1.50
2008
 
9,013,458,000
0.942
9,570,458,696
292.3
-1.31
2009
 
8,688,446,000
0.941
9,233,793,866
282.1
-3.52
2010
 
9,023,198,000
0.957
9,428,136,461
288.0
2.10
2011
 
9,443,528,000
0.981
9,623,389,143
294.0
2.07
2012
 
9,901,882,000
1.000
9,901,882,000
302.5
2.89
2013
 
10,231,478,000
1.013
10,095,591,341
308.4
1.96
2014
 
10,686,606,000
1.029
10,388,659,253
317.3
2.90
2015
 
11,110,111,000
1.031
10,773,336,501
329.1
3.70
2016
 
11,365,731,000
1.042
10,903,948,770
333.1
1.21
2017
 
11,897,410,000
1.061
11,216,247,301
342.6
2.86
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 2018
REAP_PI_CA1400_1200_PN
 
   
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