Ogemaw County vs. Michigan
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Ogemaw County vs. Michigan
Ogemaw County:
2022 Earnings = $394,629K
2022 Percent of State = 0.10%
Michigan:
2022 Earnings = $386,966,216K
2022 Percent of U.S. = 2.54%
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.
Ogemaw County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Ogemaw County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Ogemaw 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 Ogemaw County over time.
When measured in current dollars, Ogemaw County's total industry earnings increased 1,806.60%, from $21M in 1970 to $395M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 224.76%, from $105M in 1970 to $340M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Ogemaw County's and Michigan'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, Ogemaw County's real total industry earnings rose from $100M in 1969 to $340M in 2022, for a net gain of $240M, or 239.95%. In comparison, Michigan's real total industry earnings advanced from $164,452M in 1969 to $333,468M in 2022, for a net gain of $169,016M, or 102.77%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Ogemaw County's real total industry earnings growth in a broader context by offering direct comparisons across time with Michigan, 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.
Ogemaw County's overall real total industry earnings growth was 239.95% over 1969-2022 outpaced Michigan's increase of 102.77%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Michigan Total: 1969-2022
Total Industry Earnings as a Percent of the Michigan Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Ogemaw County is to compare its individual percentage contributions to Michigan'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 Michigan's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Ogemaw County's total industry earnings totaled 0.06% of Michigan's total industry earnings, while in 2022 it totaled 0.10% thereby yielding a +0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.04%
=
0.10%
-
0.06%
 
   
Ogemaw County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Ogemaw County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Ogemaw 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, Ogemaw County's real total industry earnings grew at an annual rate of 2.46% over 1970-2022. The county posted its highest growth in 1972 (19.50%) and recorded its lowest growth in 2019 (-11.15%). In 2022, Ogemaw County's real total industry earnings grew by 0.27%
Ogemaw County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Ogemaw 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 illustrates the annual percent change in Ogemaw County's real total industry earnings since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Ogemaw County's annual real total industry earnings growth rate averaged 5.30%. It averaged 2.38% throughout the 1980s, 4.29% throughout the 1990s, -0.90% during the 2000s, 0.73% during the 2010s, 4.14% 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 Ogemaw County noted in the previous graph with the corresponding decade averages for Michigan and the nation. As the chart reveals, Ogemaw County's average annual real total industry earnings growth surpassed Michigan's average in the 1970s (5.30% vs. 2.52%), led Michigan's average in the 1980s (2.38% vs. 1.02%), outperformed Michigan's average in the 1990s (4.29% vs. 3.08%), led Michigan's average in the 2000s (-0.90% vs. -1.54%), lagged Michigan's average throughout the 2010s (0.73% vs. 2.19%), and registered above Michigan's average over the 3 year period of the current decade, 2020-2022 (4.14% vs. 0.91%).
Finally, relative to nationwide real total industry earnings growth trends, Ogemaw County outperformed the nation throughout the 1970s (5.30% vs. 3.13%), recorded underneath the nation over the 1980s (2.38% vs. 2.62%), surpassed the nation in the 1990s (4.29% vs. 3.43%), lagged the nation during the 2000s (-0.90% vs. 1.47%), posted below the nation over the 2010s (0.73% vs. 2.53%), and outperformed the nation over 2020-2022 (4.14% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.46
5.30
2.38
4.29
-0.90
0.73
4.14
0.27
 
1.42
2.52
1.02
3.08
-1.54
2.19
0.91
0.51
 
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.

   
 
Ogemaw County:
Total Industry Earnings, 1969-2022
 
1969
 
18,890
0.189
100,037
100.0
N
0.06
1970
 
20,698
0.198
104,715
104.7
4.68
0.07
1971
 
22,599
0.206
109,677
109.6
4.74
0.07
1972
 
27,927
0.213
131,063
131.0
19.50
0.07
1973
 
30,124
0.225
134,153
134.1
2.36
0.07
1974
 
33,300
0.248
134,312
134.3
0.12
0.07
1975
 
35,060
0.269
130,529
130.5
-2.82
0.08
1976
 
40,888
0.283
144,312
144.3
10.56
0.08
1977
 
44,639
0.302
147,929
147.9
2.51
0.07
1978
 
51,295
0.323
158,926
158.9
7.43
0.08
1979
 
58,061
0.351
165,214
165.2
3.96
0.08
1980
 
59,993
0.389
154,113
154.1
-6.72
0.08
1981
 
65,260
0.424
153,861
153.8
-0.16
0.08
1982
 
66,430
0.448
148,377
148.3
-3.56
0.09
1983
 
72,140
0.467
154,555
154.5
4.16
0.09
1984
 
77,694
0.484
160,396
160.3
3.78
0.08
1985
 
85,291
0.501
170,146
170.1
6.08
0.08
1986
 
96,386
0.512
188,184
188.1
10.60
0.09
1987
 
105,595
0.528
199,983
199.9
6.27
0.09
1988
 
109,208
0.549
199,049
199.0
-0.47
0.09
1989
 
118,366
0.573
206,713
206.6
3.85
0.09
1990
 
117,449
0.598
196,485
196.4
-4.95
0.09
1991
 
126,012
0.618
203,989
203.9
3.82
0.09
1992
 
135,290
0.634
213,324
213.2
4.58
0.09
1993
 
151,978
0.650
233,812
233.7
9.60
0.10
1994
 
161,794
0.664
243,827
243.7
4.28
0.10
1995
 
172,628
0.678
254,786
254.7
4.49
0.10
1996
 
176,086
0.692
254,449
254.4
-0.13
0.10
1997
 
192,817
0.704
273,861
273.8
7.63
0.10
1998
 
205,060
0.710
288,951
288.8
5.51
0.10
1999
 
224,854
0.720
312,293
312.2
8.08
0.10
2000
 
230,189
0.738
311,816
311.7
-0.15
0.10
2001
 
235,128
0.753
312,247
312.1
0.14
0.10
2002
 
243,008
0.763
318,528
318.4
2.01
0.10
2003
 
245,311
0.779
314,929
314.8
-1.13
0.10
2004
 
255,404
0.798
319,947
319.8
1.59
0.10
2005
 
262,239
0.821
319,309
319.2
-0.20
0.10
2006
 
260,152
0.844
308,091
308.0
-3.51
0.10
2007
 
257,437
0.866
297,247
297.1
-3.52
0.10
2008
 
260,180
0.892
291,780
291.7
-1.84
0.10
2009
 
253,350
0.889
284,916
284.8
-2.35
0.11
2010
 
270,566
0.905
298,922
298.8
4.92
0.11
2011
 
268,023
0.928
288,805
288.7
-3.38
0.11
2012
 
265,956
0.945
281,334
281.2
-2.59
0.10
2013
 
273,632
0.958
285,685
285.6
1.55
0.10
2014
 
279,453
0.971
287,737
287.6
0.72
0.10
2015
 
283,207
0.973
291,069
291.0
1.16
0.10
2016
 
281,843
0.983
286,764
286.7
-1.48
0.09
2017
 
307,316
1.000
307,316
307.2
7.17
0.10
2018
 
346,319
1.020
339,372
339.2
10.43
0.11
2019
 
312,116
1.035
301,523
301.4
-11.15
0.09
2020
 
328,415
1.046
313,867
313.8
4.09
0.10
2021
 
369,666
1.090
339,140
339.0
8.05
0.10
2022
 
394,629
1.160
340,071
339.9
0.27
0.10
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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.

   
 
Michigan:
Total Industry Earnings, 1969-2022
 
1969
 
31,053,554
0.189
164,452,439
100.0
N
4.75
1970
 
31,215,857
0.198
157,927,031
96.0
-3.97
4.50
1971
 
33,780,971
0.206
163,945,504
99.7
3.81
4.55
1972
 
37,815,703
0.213
177,471,856
107.9
8.25
4.61
1973
 
42,744,540
0.225
190,356,446
115.8
7.26
4.65
1974
 
44,449,729
0.248
179,283,382
109.0
-5.82
4.47
1975
 
45,628,575
0.269
169,875,558
103.3
-5.25
4.31
1976
 
52,169,065
0.283
184,128,278
112.0
8.39
4.45
1977
 
59,680,666
0.302
197,775,272
120.3
7.41
4.58
1978
 
67,245,392
0.323
208,344,875
126.7
5.34
4.56
1979
 
73,059,701
0.351
207,892,613
126.4
-0.22
4.43
1980
 
73,724,958
0.389
189,387,993
115.2
-8.90
4.13
1981
 
77,683,770
0.424
183,151,644
111.4
-3.29
3.96
1982
 
77,086,747
0.448
172,180,088
104.7
-5.99
3.75
1983
 
82,152,288
0.467
176,005,416
107.0
2.22
3.75
1984
 
92,105,831
0.484
190,148,085
115.6
8.04
3.79
1985
 
101,661,226
0.501
202,803,276
123.3
6.66
3.89
1986
 
108,879,441
0.512
212,576,272
129.3
4.82
3.91
1987
 
113,472,437
0.528
214,901,778
130.7
1.09
3.79
1988
 
122,203,943
0.549
222,735,702
135.4
3.65
3.75
1989
 
129,956,424
0.573
226,954,514
138.0
1.89
3.75
1990
 
135,296,923
0.598
226,343,660
137.6
-0.27
3.68
1991
 
137,453,224
0.618
222,509,833
135.3
-1.69
3.63
1992
 
146,873,075
0.634
231,587,945
140.8
4.08
3.62
1993
 
154,813,193
0.650
238,174,143
144.8
2.84
3.65
1994
 
166,532,317
0.664
250,967,986
152.6
5.37
3.74
1995
 
175,984,730
0.678
259,740,724
157.9
3.50
3.76
1996
 
184,289,237
0.692
266,302,381
161.9
2.53
3.72
1997
 
193,514,989
0.704
274,851,917
167.1
3.21
3.66
1998
 
207,438,191
0.710
292,302,325
177.7
6.35
3.63
1999
 
220,800,626
0.720
306,663,277
186.5
4.91
3.62
2000
 
235,948,679
0.738
319,618,378
194.4
4.22
3.58
2001
 
237,795,063
0.753
315,788,509
192.0
-1.20
3.46
2002
 
238,158,348
0.763
312,170,961
189.8
-1.15
3.40
2003
 
242,084,240
0.779
310,786,762
189.0
-0.44
3.34
2004
 
248,046,013
0.798
310,729,469
188.9
-0.02
3.23
2005
 
251,126,209
0.821
305,777,892
185.9
-1.59
3.12
2006
 
253,364,049
0.844
300,052,166
182.5
-1.87
2.97
2007
 
254,886,680
0.866
294,302,631
179.0
-1.92
2.87
2008
 
251,958,061
0.892
282,559,225
171.8
-3.99
2.80
2009
 
232,668,356
0.889
261,657,377
159.1
-7.40
2.68
2010
 
240,545,864
0.905
265,755,423
161.6
1.57
2.67
2011
 
252,855,942
0.928
272,462,331
165.7
2.52
2.68
2012
 
263,096,110
0.945
278,308,450
169.2
2.15
2.67
2013
 
270,267,697
0.958
282,172,557
171.6
1.39
2.65
2014
 
279,281,366
0.971
287,560,225
174.9
1.91
2.63
2015
 
293,230,685
0.973
301,370,708
183.3
4.80
2.66
2016
 
301,868,841
0.983
307,139,352
186.8
1.91
2.67
2017
 
315,061,119
1.000
315,061,119
191.6
2.58
2.66
2018
 
327,196,444
1.020
320,633,085
195.0
1.77
2.63
2019
 
336,115,311
1.035
324,708,308
197.4
1.27
2.59
2020
 
335,469,252
1.046
320,609,024
195.0
-1.26
2.55
2021
 
361,633,316
1.090
331,770,641
201.7
3.48
2.53
2022
 
386,966,216
1.160
333,467,952
202.8
0.51
2.54
Source: Calculations by the Michigan Regional Economic Analysis Project (MI-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 Michigan Regional Economic Analysis Project (MI-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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