Grand Isle County vs. Vermont
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2017
Introduction
Grand Isle County:
2017 Earnings = $94,382K
2017 Percent of State = 0.4%
Vermont:
2017 Earnings = $21,600,803K
2017 Percent of State = 0.2%
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.
Grand Isle County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Grand Isle County Total Industry Earnings, 1969-2017
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Grand Isle 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 Grand Isle County over time.
When measured in current dollars, Grand Isle County's total industry earnings increased 1,495.9%, from $6M in 1969 to $94M in 2017. When measured in constant 2012 dollars to adjust for inflation, it advanced 201.1%, from $30M in 1969 to $89M in 2017.
Real Total Industry Earnings, 1969-2017 (Millions)
Real Total Industry Earnings, 1969-2017 (Millions)
Figure 2.
Figure 2 tracks Grand Isle County's and Vermont'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, Grand Isle County's real total industry earnings rose from $30M in 1969 to $89M in 2017, for a net gain of $59M, or 201.1%. In comparison, Vermont's real total industry earnings advanced from $6,140M in 1969 to $20,364M in 2017, for a net advance of $14,224M, or 231.6%.
Real Total Industry Earnings Indices (1969=100): 1969-2017
Real Total Industry Earnings Indices (1969=100): 1969-2017
Figure 3.
Figure 3 portrays Grand Isle County's real total industry earnings growth in a broader context by offering direct comparisons across time with Vermont, 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.
Grand Isle County's overall real total industry earnings growth was 201.1% over 1969-2017 trailed Vermont's increase of 231.6%, and fell below the United States' increase of 242.6%.
Total Industry Earnings as a Percent of the Vermont Total: 1969-2017
Total Industry Earnings as a Percent of the Vermont Total: 1969-2017
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Grand Isle County is to compare its individual percentage contributions to Vermont'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 Vermont's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Grand Isle County's total industry earnings comprised 0.48% of Vermont's total industry earnings, while in 2017 it totaled 0.44% thereby yielding a -0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2017 vs. 1969
 
Share-
Shift*
 
2017
vs.
1969
-0.04%
=
0.44%
-
0.48%
 
   
Grand Isle County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Grand Isle County Real Total Industry Earnings:
Annual Percent Change, 1970-2017
Figure 5.
Figure 5 highlights the short-run pattern of Grand Isle 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 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, Grand Isle County's real total industry earnings grew at an annual rate of 2.60% over 1970-2017. The county posted its highest growth in 1985 (18.20%) and posted its lowest growth in 1977 (-14.12%). In 2017, Grand Isle County's real total industry earnings grew by 4.79%
Grand Isle County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2017
Grand Isle 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 shows the annual percent change in Grand Isle 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, Grand Isle County's annual real total industry earnings growth rate averaged -3.92%. It averaged 7.12% throughout the 1980s, 3.99% during the 1990s, 5.00% during the 2000s, and 0.35% 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 Grand Isle County noted in the previous graph with the corresponding decade averages for Vermont and the nation. As the chart reveals, Grand Isle County's average annual real total industry earnings growth recorded under Vermont's average throughout the 1970s (-3.92% vs. 2.97%), outgained Vermont's average during the 1980s (7.12% vs. 3.81%), outgained Vermont's average in the 1990s (3.99% vs. 2.68%), recorded above Vermont's average during the 2000s (5.00% vs. 1.75%), and posted below Vermont's average over the 8 year period of the last decade, 2010-2017 (0.35% vs. 1.41%).
Finally, relative to nationwide real total industry earnings growth trends, Grand Isle County lagged the nation in the 1970s (-3.92% vs. 3.13%), outgained the nation during the 1980s (7.12% vs. 2.61%), outpaced the nation during the 1990s (3.99% vs. 3.44%), topped the nation during the 2000s (5.00% vs. 1.47%), and recorded underneath the nation over 2010-2017 (0.35% vs. 2.46%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.60
-3.92
7.12
3.99
5.00
0.35
4.79
 
2.57
2.97
3.81
2.68
1.75
1.41
1.87
 
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.

   
 
Grand Isle County:
Total Industry Earnings, 1969-2017
 
1969
 
5,914
0.200
29,548
100.0
N
0.48
1970
 
5,654
0.210
26,987
91.3
-8.67
0.43
1971
 
5,500
0.218
25,182
85.2
-6.69
0.39
1972
 
6,285
0.226
27,827
94.2
10.50
0.41
1973
 
6,507
0.238
27,338
92.5
-1.76
0.38
1974
 
6,227
0.263
23,695
80.2
-13.33
0.35
1975
 
6,356
0.285
22,325
75.6
-5.78
0.34
1976
 
6,762
0.300
22,516
76.2
0.85
0.32
1977
 
6,185
0.320
19,337
65.4
-14.12
0.27
1978
 
7,008
0.342
20,485
69.3
5.94
0.26
1979
 
7,163
0.373
19,229
65.1
-6.13
0.24
1980
 
8,064
0.413
19,543
66.1
1.63
0.24
1981
 
9,039
0.450
20,105
68.0
2.88
0.25
1982
 
9,298
0.475
19,593
66.3
-2.55
0.24
1983
 
9,609
0.495
19,422
65.7
-0.87
0.23
1984
 
11,486
0.513
22,371
75.7
15.18
0.25
1985
 
14,050
0.531
26,443
89.5
18.20
0.28
1986
 
15,776
0.543
29,059
98.3
9.89
0.29
1987
 
19,122
0.560
34,168
115.6
17.58
0.32
1988
 
18,939
0.582
32,569
110.2
-4.68
0.29
1989
 
22,517
0.607
37,102
125.6
13.92
0.31
1990
 
23,557
0.634
37,183
125.8
0.22
0.32
1991
 
24,373
0.655
37,226
126.0
0.12
0.32
1992
 
26,981
0.672
40,140
135.8
7.83
0.33
1993
 
27,421
0.689
39,803
134.7
-0.84
0.33
1994
 
28,818
0.703
40,975
138.7
2.95
0.33
1995
 
29,402
0.718
40,944
138.6
-0.08
0.32
1996
 
32,094
0.733
43,757
148.1
6.87
0.33
1997
 
34,558
0.746
46,310
156.7
5.83
0.34
1998
 
37,256
0.752
49,532
167.6
6.96
0.34
1999
 
41,606
0.763
54,502
184.5
10.03
0.36
2000
 
45,850
0.782
58,605
198.3
7.53
0.36
2001
 
52,873
0.797
66,308
224.4
13.14
0.39
2002
 
56,736
0.808
70,227
237.7
5.91
0.41
2003
 
60,322
0.824
73,244
247.9
4.29
0.42
2004
 
70,167
0.844
83,125
281.3
13.49
0.46
2005
 
69,895
0.868
80,513
272.5
-3.14
0.44
2006
 
70,434
0.892
78,985
267.3
-1.90
0.43
2007
 
72,895
0.914
79,721
269.8
0.93
0.43
2008
 
73,838
0.942
78,401
265.3
-1.66
0.43
2009
 
82,142
0.941
87,298
295.4
11.35
0.48
2010
 
92,326
0.957
96,469
326.5
10.51
0.52
2011
 
89,894
0.981
91,606
310.0
-5.04
0.48
2012
 
93,366
1.000
93,366
316.0
1.92
0.49
2013
 
93,688
1.013
92,444
312.9
-0.99
0.48
2014
 
93,736
1.029
91,123
308.4
-1.43
0.47
2015
 
89,759
1.031
87,038
294.6
-4.48
0.44
2016
 
88,510
1.042
84,914
287.4
-2.44
0.42
2017
 
94,382
1.061
88,978
301.1
4.79
0.44
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-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.

   
 
Vermont:
Total Industry Earnings, 1969-2017
 
1969
 
1,229,010
0.200
6,140,445
100.0
N
0.19
1970
 
1,322,362
0.210
6,311,689
102.8
2.79
0.19
1971
 
1,401,522
0.218
6,416,931
104.5
1.67
0.19
1972
 
1,537,657
0.226
6,808,009
110.9
6.09
0.19
1973
 
1,693,419
0.238
7,114,608
115.9
4.50
0.18
1974
 
1,786,864
0.263
6,799,330
110.7
-4.43
0.18
1975
 
1,886,927
0.285
6,627,773
107.9
-2.52
0.18
1976
 
2,124,507
0.300
7,074,144
115.2
6.73
0.18
1977
 
2,313,569
0.320
7,233,068
117.8
2.25
0.18
1978
 
2,712,856
0.342
7,929,777
129.1
9.63
0.18
1979
 
3,043,403
0.373
8,169,990
133.1
3.03
0.18
1980
 
3,304,575
0.413
8,008,761
130.4
-1.97
0.18
1981
 
3,630,527
0.450
8,075,375
131.5
0.83
0.18
1982
 
3,823,969
0.475
8,057,925
131.2
-0.22
0.19
1983
 
4,123,996
0.495
8,335,683
135.8
3.45
0.19
1984
 
4,555,422
0.513
8,872,528
144.5
6.44
0.19
1985
 
5,008,187
0.531
9,425,579
153.5
6.23
0.19
1986
 
5,454,700
0.543
10,047,338
163.6
6.60
0.20
1987
 
6,050,831
0.560
10,812,006
176.1
7.61
0.20
1988
 
6,629,630
0.582
11,400,715
185.7
5.44
0.20
1989
 
7,173,682
0.607
11,820,204
192.5
3.68
0.21
1990
 
7,427,410
0.634
11,723,479
190.9
-0.82
0.20
1991
 
7,509,232
0.655
11,469,204
186.8
-2.17
0.20
1992
 
8,073,129
0.672
12,010,368
195.6
4.72
0.20
1993
 
8,421,979
0.689
12,224,901
199.1
1.79
0.20
1994
 
8,791,495
0.703
12,500,348
203.6
2.25
0.20
1995
 
9,087,391
0.718
12,654,595
206.1
1.23
0.19
1996
 
9,597,226
0.733
13,084,866
213.1
3.40
0.19
1997
 
10,075,709
0.746
13,502,149
219.9
3.19
0.19
1998
 
10,855,437
0.752
14,432,351
235.0
6.89
0.19
1999
 
11,713,463
0.763
15,344,210
249.9
6.32
0.19
2000
 
12,706,676
0.782
16,241,677
264.5
5.85
0.19
2001
 
13,506,631
0.797
16,938,763
275.9
4.29
0.20
2002
 
13,971,295
0.808
17,293,561
281.6
2.09
0.20
2003
 
14,469,288
0.824
17,568,770
286.1
1.59
0.20
2004
 
15,317,204
0.844
18,145,981
295.5
3.29
0.20
2005
 
15,791,446
0.868
18,190,395
296.2
0.24
0.20
2006
 
16,277,784
0.892
18,253,957
297.3
0.35
0.19
2007
 
16,831,673
0.914
18,407,744
299.8
0.84
0.19
2008
 
17,361,758
0.942
18,434,655
300.2
0.15
0.19
2009
 
17,133,318
0.941
18,208,725
296.5
-1.23
0.20
2010
 
17,817,857
0.957
18,617,478
303.2
2.24
0.20
2011
 
18,605,396
0.981
18,959,754
308.8
1.84
0.20
2012
 
19,110,941
1.000
19,110,941
311.2
0.80
0.19
2013
 
19,530,518
1.013
19,271,129
313.8
0.84
0.19
2014
 
19,851,491
1.029
19,298,024
314.3
0.14
0.19
2015
 
20,342,324
1.031
19,725,699
321.2
2.22
0.18
2016
 
20,836,605
1.042
19,990,027
325.5
1.34
0.18
2017
 
21,600,803
1.061
20,364,092
331.6
1.87
0.18
Source: Calculations by the Vermont Regional Economic Analysis Project (VT-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 Vermont Regional Economic Analysis Project (VT-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2018
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2019. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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