Lauderdale County vs. Alabama
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Lauderdale County vs. Alabama
Lauderdale County:
2022 Earnings = $1,966,090K
2022 Percent of State = 1.18%
Alabama:
2022 Earnings = $166,356,184K
2022 Percent of U.S. = 1.09%
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.
Lauderdale County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Lauderdale County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lauderdale 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 Lauderdale County over time.
When measured in current dollars, Lauderdale County's total industry earnings increased 1,809.66%, from $103M in 1970 to $1,966M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 225.28%, from $521M in 1970 to $1,694M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Lauderdale County's and Alabama'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, Lauderdale County's real total industry earnings rose from $503M in 1969 to $1,694M in 2022, for a net gain of $1,191M, or 236.92%. In comparison, Alabama's real total industry earnings advanced from $42,961M in 1969 to $143,357M in 2022, for a net gain of $100,397M, or 233.69%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Lauderdale County's real total industry earnings growth in a broader context by offering direct comparisons across time with Alabama, 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.
Lauderdale County's overall real total industry earnings growth was 236.92% over 1969-2022 outpaced Alabama's increase of 233.69%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Alabama Total: 1969-2022
Total Industry Earnings as a Percent of the Alabama Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Lauderdale County is to compare its individual percentage contributions to Alabama'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 Alabama's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Lauderdale County's total industry earnings comprised 1.17% of Alabama's total industry earnings, while in 2022 it totaled 1.18% thereby yielding a +0.01% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.01%
=
1.18%
-
1.17%
 
   
Lauderdale County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Lauderdale County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Lauderdale 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, Lauderdale County's real total industry earnings grew at an annual rate of 2.38% over 1970-2022. The county posted its highest growth in 1976 (15.42%) and recorded its lowest growth in 1980 (-4.41%). In 2022, Lauderdale County's real total industry earnings grew by 0.16%
Lauderdale County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Lauderdale 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 shows the annual percent change in Lauderdale 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, 2010s, and 2020-2022.
During the 1970s, Lauderdale County's annual real total industry earnings growth rate averaged 5.25%. It averaged 2.42% throughout the 1980s, 3.54% throughout the 1990s, 0.59% throughout the 2000s, 0.21% throughout the 2010s, 2.09% 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 Lauderdale County noted in the previous graph with the corresponding decade averages for Alabama and the nation. As the chart reveals, Lauderdale County's average annual real total industry earnings growth surpassed Alabama's average in the 1970s (5.25% vs. 3.98%), outperformed Alabama's average in the 1980s (2.42% vs. 2.17%), led Alabama's average in the 1990s (3.54% vs. 3.01%), recorded under Alabama's average throughout the 2000s (0.59% vs. 1.15%), amounted to less than Alabama's average throughout the 2010s (0.21% vs. 1.51%), and outgained Alabama's average over the 3 year period of the current decade, 2020-2022 (2.09% vs. 1.75%).
Finally, relative to nationwide real total industry earnings growth trends, Lauderdale County outperformed the nation in the 1970s (5.25% vs. 3.13%), trailed the nation during the 1980s (2.42% vs. 2.62%), outperformed the nation over the 1990s (3.54% vs. 3.43%), trailed the nation during the 2000s (0.59% vs. 1.47%), trailed the nation in the 2010s (0.21% vs. 2.53%), and led the nation over 2020-2022 (2.09% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.38
5.25
2.42
3.54
0.59
0.21
2.09
0.16
 
2.33
3.98
2.17
3.01
1.15
1.51
1.75
0.26
 
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.

   
 
Lauderdale County:
Total Industry Earnings, 1969-2022
 
1969
 
94,958
0.189
502,876
100.0
N
1.17
1970
 
102,955
0.198
520,869
103.6
3.58
1.19
1971
 
116,659
0.206
566,168
112.6
8.70
1.24
1972
 
133,244
0.213
625,324
124.3
10.45
1.27
1973
 
143,768
0.225
640,249
127.3
2.39
1.21
1974
 
154,865
0.248
624,632
124.2
-2.44
1.19
1975
 
164,569
0.269
612,692
121.8
-1.91
1.17
1976
 
200,368
0.283
707,189
140.6
15.42
1.25
1977
 
222,053
0.302
735,860
146.3
4.05
1.25
1978
 
257,601
0.323
798,119
158.7
8.46
1.28
1979
 
291,165
0.351
828,515
164.8
3.81
1.31
1980
 
308,303
0.389
791,983
157.5
-4.41
1.30
1981
 
341,061
0.424
804,105
159.9
1.53
1.32
1982
 
349,865
0.448
781,455
155.4
-2.82
1.31
1983
 
374,670
0.467
802,704
159.6
2.72
1.31
1984
 
414,263
0.484
855,226
170.1
6.54
1.31
1985
 
444,497
0.501
886,724
176.3
3.68
1.30
1986
 
480,454
0.512
938,039
186.5
5.79
1.32
1987
 
523,775
0.528
991,961
197.3
5.75
1.35
1988
 
565,402
0.549
1,030,533
204.9
3.89
1.35
1989
 
599,057
0.573
1,046,187
208.0
1.52
1.34
1990
 
655,307
0.598
1,096,289
218.0
4.79
1.38
1991
 
707,156
0.618
1,144,747
227.6
4.42
1.41
1992
 
791,839
0.634
1,248,564
248.3
9.07
1.47
1993
 
836,699
0.650
1,287,229
256.0
3.10
1.49
1994
 
882,429
0.664
1,329,841
264.4
3.31
1.49
1995
 
947,696
0.678
1,398,731
278.1
5.18
1.54
1996
 
996,104
0.692
1,439,394
286.2
2.91
1.55
1997
 
1,013,018
0.704
1,438,803
286.1
-0.04
1.50
1998
 
1,033,314
0.710
1,456,049
289.5
1.20
1.43
1999
 
1,063,855
0.720
1,477,556
293.8
1.48
1.41
2000
 
1,075,404
0.738
1,456,753
289.7
-1.41
1.38
2001
 
1,124,014
0.753
1,492,675
296.8
2.47
1.40
2002
 
1,100,735
0.763
1,442,811
286.9
-3.34
1.33
2003
 
1,137,586
0.779
1,460,428
290.4
1.22
1.32
2004
 
1,221,594
0.798
1,530,302
304.3
4.78
1.33
2005
 
1,289,469
0.821
1,570,091
312.2
2.60
1.33
2006
 
1,364,662
0.844
1,616,132
321.4
2.93
1.34
2007
 
1,395,548
0.866
1,611,357
320.4
-0.30
1.32
2008
 
1,380,477
0.892
1,548,141
307.9
-3.92
1.30
2009
 
1,388,196
0.889
1,561,157
310.4
0.84
1.33
2010
 
1,422,263
0.905
1,571,318
312.5
0.65
1.33
2011
 
1,444,773
0.928
1,556,800
309.6
-0.92
1.32
2012
 
1,453,864
0.945
1,537,927
305.8
-1.21
1.30
2013
 
1,497,268
0.958
1,563,220
310.9
1.64
1.30
2014
 
1,530,334
0.971
1,575,698
313.3
0.80
1.29
2015
 
1,518,387
0.973
1,560,537
310.3
-0.96
1.24
2016
 
1,537,985
0.983
1,564,838
311.2
0.28
1.23
2017
 
1,563,247
1.000
1,563,247
310.9
-0.10
1.20
2018
 
1,595,254
1.020
1,563,254
310.9
0.00
1.18
2019
 
1,648,754
1.035
1,592,799
316.7
1.89
1.17
2020
 
1,721,661
1.046
1,645,397
327.2
3.30
1.19
2021
 
1,843,768
1.090
1,691,515
336.4
2.80
1.18
2022
 
1,966,090
1.160
1,694,277
336.9
0.16
1.18
Source: Calculations by the Alabama Regional Economic Analysis Project (AL-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.

   
 
Alabama:
Total Industry Earnings, 1969-2022
 
1969
 
8,112,293
0.189
42,960,827
100.0
N
1.24
1970
 
8,628,530
0.198
43,653,395
101.6
1.61
1.24
1971
 
9,403,095
0.206
45,635,016
106.2
4.54
1.27
1972
 
10,496,269
0.213
49,259,757
114.7
7.94
1.28
1973
 
11,861,577
0.225
52,823,768
123.0
7.24
1.29
1974
 
12,960,825
0.248
52,276,146
121.7
-1.04
1.30
1975
 
14,045,483
0.269
52,291,448
121.7
0.03
1.33
1976
 
15,977,583
0.283
56,392,133
131.3
7.84
1.36
1977
 
17,715,705
0.302
58,707,930
136.7
4.11
1.36
1978
 
20,164,933
0.323
62,476,555
145.4
6.42
1.37
1979
 
22,203,571
0.351
63,180,636
147.1
1.13
1.35
1980
 
23,708,925
0.389
60,904,555
141.8
-3.60
1.33
1981
 
25,812,609
0.424
60,857,265
141.7
-0.08
1.32
1982
 
26,629,404
0.448
59,479,136
138.4
-2.26
1.30
1983
 
28,581,996
0.467
61,234,887
142.5
2.95
1.31
1984
 
31,634,478
0.484
65,307,868
152.0
6.65
1.30
1985
 
34,180,201
0.501
68,185,846
158.7
4.41
1.31
1986
 
36,335,700
0.512
70,941,838
165.1
4.04
1.30
1987
 
38,826,596
0.528
73,532,434
171.2
3.65
1.30
1988
 
41,972,545
0.549
76,501,495
178.1
4.04
1.29
1989
 
44,619,334
0.573
77,922,729
181.4
1.86
1.29
1990
 
47,432,666
0.598
79,352,013
184.7
1.83
1.29
1991
 
50,105,140
0.618
81,110,402
188.8
2.22
1.32
1992
 
53,808,914
0.634
84,845,339
197.5
4.60
1.33
1993
 
56,263,471
0.650
86,559,186
201.5
2.02
1.33
1994
 
59,265,224
0.664
89,314,039
207.9
3.18
1.33
1995
 
61,719,606
0.678
91,093,671
212.0
1.99
1.32
1996
 
64,433,868
0.692
93,108,490
216.7
2.21
1.30
1997
 
67,511,279
0.704
95,887,169
223.2
2.98
1.28
1998
 
72,164,908
0.710
101,687,979
236.7
6.05
1.26
1999
 
75,429,135
0.720
104,761,232
243.9
3.02
1.24
2000
 
77,978,535
0.738
105,630,483
245.9
0.83
1.18
2001
 
80,308,883
0.753
106,649,070
248.2
0.96
1.17
2002
 
82,624,721
0.763
108,302,055
252.1
1.55
1.18
2003
 
85,884,349
0.779
110,257,978
256.6
1.81
1.19
2004
 
91,540,120
0.798
114,673,131
266.9
4.00
1.19
2005
 
96,799,376
0.821
117,865,472
274.4
2.78
1.20
2006
 
102,208,900
0.844
121,043,226
281.8
2.70
1.20
2007
 
105,583,340
0.866
121,910,862
283.8
0.72
1.19
2008
 
106,202,564
0.892
119,101,227
277.2
-2.30
1.18
2009
 
104,241,969
0.889
117,229,866
272.9
-1.57
1.20
2010
 
107,113,941
0.905
118,339,639
275.5
0.95
1.19
2011
 
109,788,306
0.928
118,301,265
275.4
-0.03
1.16
2012
 
112,110,406
0.945
118,592,682
276.0
0.25
1.14
2013
 
115,358,203
0.958
120,439,548
280.3
1.56
1.13
2014
 
118,674,266
0.971
122,192,179
284.4
1.46
1.12
2015
 
122,547,294
0.973
125,949,181
293.2
3.07
1.11
2016
 
124,983,437
0.983
127,165,599
296.0
0.97
1.10
2017
 
129,741,033
1.000
129,741,033
302.0
2.03
1.10
2018
 
135,414,877
1.020
132,698,538
308.9
2.28
1.09
2019
 
140,884,484
1.035
136,103,179
316.8
2.57
1.08
2020
 
144,959,649
1.046
138,538,394
322.5
1.79
1.10
2021
 
155,852,509
1.090
142,982,641
332.8
3.21
1.09
2022
 
166,356,184
1.160
143,357,362
333.7
0.26
1.09
Source: Calculations by the Alabama Regional Economic Analysis Project (AL-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 Alabama Regional Economic Analysis Project (AL-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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