McKenzie County vs. North Dakota
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
McKenzie County vs. North Dakota
McKenzie County:
2022 Earnings = $1,162,384K
2022 Percent of State = 2.83%
North Dakota:
2022 Earnings = $41,039,957K
2022 Percent of U.S. = 0.27%
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.
McKenzie County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
McKenzie County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts McKenzie 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 McKenzie County over time.
When measured in current dollars, McKenzie County's total industry earnings increased 6,371.35%, from $18M in 1970 to $1,162M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 1,002.29%, from $91M in 1970 to $1,002M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks McKenzie County's and North Dakota'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, McKenzie County's real total industry earnings rose from $93M in 1969 to $1,002M in 2022, for a net gain of $908M, or 972.33%. In comparison, North Dakota's real total industry earnings advanced from $8,661M in 1969 to $35,366M in 2022, for a net gain of $26,705M, or 308.33%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows McKenzie County's real total industry earnings growth in a broader context by offering direct comparisons across time with North Dakota, 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.
McKenzie County's overall real total industry earnings growth was 972.33% over 1969-2022 outpaced North Dakota's increase of 308.33%, and outpaced the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the North Dakota Total: 1969-2022
Total Industry Earnings as a Percent of the North Dakota Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of McKenzie County is to trace its individual percentage contributions to North Dakota'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 North Dakota's total industry earnings, while a declining share shows it grew more slowly.
In 1969, McKenzie County's total industry earnings totaled 1.08% of North Dakota's total industry earnings, while in 2022 it totaled 2.83% thereby yielding a +1.75% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+1.75%
=
2.83%
-
1.08%
 
   
McKenzie County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
McKenzie County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of McKenzie 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 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, McKenzie County's real total industry earnings grew at an annual rate of 6.83% over 1970-2022. The county posted its highest growth in 1973 (78.51%) and recorded its lowest growth in 1974 (-32.15%). In 2022, McKenzie County's real total industry earnings grew by 8.71%
McKenzie County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
McKenzie 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 McKenzie 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, McKenzie County's annual real total industry earnings growth rate averaged 10.14%. It averaged -3.82% throughout the 1980s, 4.18% in the 1990s, 6.94% throughout the 2000s, 21.04% in the 2010s, -7.57% 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 McKenzie County noted in the previous graph with the corresponding decade averages for North Dakota and the nation. As the chart reveals, McKenzie County's average annual real total industry earnings growth outgained North Dakota's average in the 1970s (10.14% vs. 4.68%), recorded under North Dakota's average throughout the 1980s (-3.82% vs. 0.07%), topped North Dakota's average in the 1990s (4.18% vs. 3.45%), topped North Dakota's average during the 2000s (6.94% vs. 3.77%), outpaced North Dakota's average throughout the 2010s (21.04% vs. 3.89%), and trailed North Dakota's average over the 3 year period of the current decade, 2020-2022 (-7.57% vs. 2.25%).
Finally, relative to nationwide real total industry earnings growth trends, McKenzie County topped the nation throughout the 1970s (10.14% vs. 3.13%), fell under the nation over the 1980s (-3.82% vs. 2.62%), registered above the nation during the 1990s (4.18% vs. 3.43%), outperformed the nation throughout the 2000s (6.94% vs. 1.47%), recorded above the nation over the 2010s (21.04% vs. 2.53%), and recorded underneath the nation over 2020-2022 (-7.57% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
6.83
10.14
-3.82
4.18
6.94
21.04
-7.57
8.71
 
3.12
4.68
0.07
3.45
3.77
3.89
2.25
4.89
 
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.

   
 
McKenzie County:
Total Industry Earnings, 1969-2022
 
1969
 
17,639
0.189
93,412
100.0
N
1.08
1970
 
17,962
0.198
90,873
97.3
-2.72
1.06
1971
 
18,051
0.206
87,605
93.8
-3.60
0.92
1972
 
26,866
0.213
126,084
135.0
43.92
1.13
1973
 
50,539
0.225
225,068
240.9
78.51
1.47
1974
 
37,862
0.248
152,712
163.5
-32.15
1.14
1975
 
31,598
0.269
117,640
125.9
-22.97
0.93
1976
 
28,381
0.283
100,169
107.2
-14.85
0.87
1977
 
30,122
0.302
99,821
106.9
-0.35
0.92
1978
 
44,130
0.323
136,727
146.4
36.97
1.03
1979
 
56,977
0.351
162,129
173.6
18.58
1.32
1980
 
62,758
0.389
161,216
172.6
-0.56
1.67
1981
 
104,586
0.424
246,578
264.0
52.95
2.09
1982
 
83,589
0.448
186,703
199.9
-24.28
1.60
1983
 
67,647
0.467
144,929
155.2
-22.37
1.22
1984
 
72,044
0.484
148,731
159.2
2.62
1.21
1985
 
66,069
0.501
131,801
141.1
-11.38
1.07
1986
 
54,826
0.512
107,042
114.6
-18.78
0.88
1987
 
53,287
0.528
100,919
108.0
-5.72
0.82
1988
 
46,058
0.549
83,948
89.9
-16.82
0.78
1989
 
51,007
0.573
89,078
95.4
6.11
0.76
1990
 
57,055
0.598
95,450
102.2
7.15
0.77
1991
 
58,508
0.618
94,713
101.4
-0.77
0.77
1992
 
68,379
0.634
107,819
115.4
13.84
0.81
1993
 
72,499
0.650
111,537
119.4
3.45
0.85
1994
 
77,496
0.664
116,788
125.0
4.71
0.82
1995
 
67,901
0.678
100,217
107.3
-14.19
0.74
1996
 
79,548
0.692
114,949
123.1
14.70
0.75
1997
 
67,449
0.704
95,799
102.6
-16.66
0.67
1998
 
82,391
0.710
116,098
124.3
21.19
0.73
1999
 
90,589
0.720
125,816
134.7
8.37
0.78
2000
 
93,737
0.738
126,977
135.9
0.92
0.74
2001
 
98,857
0.753
131,281
140.5
3.39
0.77
2002
 
92,215
0.763
120,873
129.4
-7.93
0.70
2003
 
108,355
0.779
139,106
148.9
15.08
0.74
2004
 
114,335
0.798
143,228
153.3
2.96
0.76
2005
 
119,633
0.821
145,668
155.9
1.70
0.75
2006
 
139,123
0.844
164,760
176.4
13.11
0.83
2007
 
157,192
0.866
181,500
194.3
10.16
0.85
2008
 
205,651
0.892
230,628
246.9
27.07
1.00
2009
 
211,057
0.889
237,353
254.1
2.92
1.03
2010
 
334,603
0.905
369,670
395.7
55.75
1.45
2011
 
479,193
0.928
516,350
552.8
39.68
1.85
2012
 
709,609
0.945
750,639
803.6
45.37
2.27
2013
 
908,580
0.958
948,601
1,015.5
26.37
2.86
2014
 
1,212,711
0.971
1,248,660
1,336.7
31.63
3.59
2015
 
1,126,361
0.973
1,157,629
1,239.3
-7.29
3.48
2016
 
861,024
0.983
876,057
937.8
-24.32
2.79
2017
 
900,918
1.000
900,918
964.5
2.84
2.88
2018
 
1,099,938
1.020
1,077,874
1,153.9
19.64
3.33
2019
 
1,346,763
1.035
1,301,057
1,392.8
20.71
3.93
2020
 
1,083,758
1.046
1,035,751
1,108.8
-20.39
3.11
2021
 
1,004,322
1.090
921,388
986.4
-11.04
2.73
2022
 
1,162,384
1.160
1,001,684
1,072.3
8.71
2.83
Source: Calculations by the North Dakota Regional Economic Analysis Project (ND-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.

   
 
North Dakota:
Total Industry Earnings, 1969-2022
 
1969
 
1,635,476
0.189
8,661,103
100.0
N
0.25
1970
 
1,697,577
0.198
8,588,369
99.2
-0.84
0.24
1971
 
1,959,279
0.206
9,508,755
109.8
10.72
0.26
1972
 
2,373,485
0.213
11,138,938
128.6
17.14
0.29
1973
 
3,449,296
0.225
15,360,926
177.4
37.90
0.38
1974
 
3,326,785
0.248
13,418,243
154.9
-12.65
0.33
1975
 
3,384,488
0.269
12,600,477
145.5
-6.09
0.32
1976
 
3,250,475
0.283
11,472,400
132.5
-8.95
0.28
1977
 
3,277,555
0.302
10,861,463
125.4
-5.33
0.25
1978
 
4,284,296
0.323
13,273,937
153.3
22.21
0.29
1979
 
4,324,493
0.351
12,305,418
142.1
-7.30
0.26
1980
 
3,766,068
0.389
9,674,445
111.7
-21.38
0.21
1981
 
5,008,975
0.424
11,809,442
136.4
22.07
0.26
1982
 
5,209,040
0.448
11,634,853
134.3
-1.48
0.25
1983
 
5,528,819
0.467
11,845,100
136.8
1.81
0.25
1984
 
5,973,109
0.484
12,331,198
142.4
4.10
0.25
1985
 
6,151,885
0.501
12,272,353
141.7
-0.48
0.24
1986
 
6,202,601
0.512
12,109,961
139.8
-1.32
0.22
1987
 
6,524,523
0.528
12,356,583
142.7
2.04
0.22
1988
 
5,923,751
0.549
10,796,958
124.7
-12.62
0.18
1989
 
6,675,182
0.573
11,657,467
134.6
7.97
0.19
1990
 
7,363,324
0.598
12,318,401
142.2
5.67
0.20
1991
 
7,550,161
0.618
12,222,231
141.1
-0.78
0.20
1992
 
8,446,587
0.634
13,318,491
153.8
8.97
0.21
1993
 
8,499,799
0.650
13,076,614
151.0
-1.82
0.20
1994
 
9,421,916
0.664
14,199,042
163.9
8.58
0.21
1995
 
9,215,390
0.678
13,601,249
157.0
-4.21
0.20
1996
 
10,588,494
0.692
15,300,629
176.7
12.49
0.21
1997
 
10,069,888
0.704
14,302,396
165.1
-6.52
0.19
1998
 
11,295,046
0.710
15,915,913
183.8
11.28
0.20
1999
 
11,554,251
0.720
16,047,348
185.3
0.83
0.19
2000
 
12,600,120
0.738
17,068,245
197.1
6.36
0.19
2001
 
12,856,596
0.753
17,073,379
197.1
0.03
0.19
2002
 
13,207,378
0.763
17,311,843
199.9
1.40
0.19
2003
 
14,736,799
0.779
18,919,043
218.4
9.28
0.20
2004
 
15,091,828
0.798
18,905,669
218.3
-0.07
0.20
2005
 
16,029,789
0.821
19,518,294
225.4
3.24
0.20
2006
 
16,675,653
0.844
19,748,523
228.0
1.18
0.20
2007
 
18,468,147
0.866
21,324,081
246.2
7.98
0.21
2008
 
20,476,941
0.892
22,963,935
265.1
7.69
0.23
2009
 
20,545,958
0.889
23,105,856
266.8
0.62
0.24
2010
 
23,004,671
0.905
25,415,594
293.4
10.00
0.25
2011
 
25,915,118
0.928
27,924,570
322.4
9.87
0.27
2012
 
31,300,083
0.945
33,109,868
382.3
18.57
0.32
2013
 
31,731,678
0.958
33,129,408
382.5
0.06
0.31
2014
 
33,780,051
0.971
34,781,408
401.6
4.99
0.32
2015
 
32,357,195
0.973
33,255,424
384.0
-4.39
0.29
2016
 
30,852,577
0.983
31,391,251
362.4
-5.61
0.27
2017
 
31,307,802
1.000
31,307,802
361.5
-0.27
0.26
2018
 
33,029,524
1.020
32,366,972
373.7
3.38
0.27
2019
 
34,257,893
1.035
33,095,257
382.1
2.25
0.26
2020
 
34,840,100
1.046
33,296,794
384.4
0.61
0.26
2021
 
36,752,082
1.090
33,717,197
389.3
1.26
0.26
2022
 
41,039,957
1.160
35,366,163
408.3
4.89
0.27
Source: Calculations by the North Dakota Regional Economic Analysis Project (ND-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 North Dakota Regional Economic Analysis Project (ND-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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