Prince of Wales-Outer Ketchikan Census Area vs. Alaska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Prince of Wales-Outer Ketchikan Census Area vs. Alaska
Prince of Wales-Outer Ketchikan Census Area:
2022 Earnings = NK
2022 Percent of State = N%
Alaska:
2022 Earnings = $34,526,018K
2022 Percent of U.S. = 0.23%
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.
Prince of Wales-Outer Ketchikan Census Area Total Industry Earnings, 1980-2008
Current vs. Constant Dollars (Millions)
Prince of Wales-Outer Ketchikan Census Area Total Industry Earnings, 1980-2008
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts the Prince of Wales-Outer Ketchikan Census Area's annual total industry earnings over 1980-2008 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 the Prince of Wales-Outer Ketchikan Census Area over time.
When measured in current dollars, the Prince of Wales-Outer Ketchikan Census Area's total industry earnings increased 184.79%, from $37M in 1980 to $107M in 2008. When measured in constant 2017 dollars to adjust for inflation, it advanced 24.33%, from $96M in 1980 to $120M in 2008.
Real Total Industry Earnings, 1979-2008 (Millions)
Real Total Industry Earnings, 1979-2008 (Millions)
Figure 2.
Figure 2 tracks the Prince of Wales-Outer Ketchikan Census Area's and Alaska's annual real total industry earnings for the period 1979-2008 to illustrate real total industry earnings patterns over time. During this 30-year period, the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings rose from $86M in 1979 to $120M in 2008, for a net gain of $33M, or 38.47%. In comparison, Alaska's real total industry earnings increased from $14,758M in 1979 to $27,393M in 2008, for a net advance of $12,634M, or 85.61%.
Real Total Industry Earnings Indices (1979=100): 1979-2008
Real Total Industry Earnings Indices (1979=100): 1979-2008
Figure 3.
Figure 3 portrays the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings growth in a broader context by offering direct comparisons across time with Alaska, the United States. The growth indices shown here express each region's real total industry earnings in 1979 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1979 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.
The Prince of Wales-Outer Ketchikan Census Area's overall real total industry earnings growth was 38.47% over 1979-2008 trailed Alaska's increase of 85.61%, and fell below the United States' increase of 115.52%.
Total Industry Earnings as a Percent of the Alaska Total: 1979-2008
Total Industry Earnings as a Percent of the Alaska Total: 1979-2008
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of the Prince of Wales-Outer Ketchikan Census Area is to compare its individual percentage contributions to Alaska'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 Alaska's total industry earnings, while a declining share shows it grew more slowly.
In 1979, the Prince of Wales-Outer Ketchikan Census Area's total industry earnings comprised 0.59% of Alaska's total industry earnings, while in 2008 it totaled 0.44% thereby yielding a -0.15% share-shift.
   
 
Total Industry Earnings Share-Shift
2008 vs. 1979
 
Share-
Shift*
 
2008
vs.
1979
-0.15%
=
0.44%
-
0.59%
 
   
Prince of Wales-Outer Ketchikan Census Area Real Total Industry Earnings:
Annual Percent Change, 1980-2008
Prince of Wales-Outer Ketchikan Census Area Real Total Industry Earnings:
Annual Percent Change, 1980-2008
Figure 5.
Figure 5 highlights the short-run pattern of the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings growth by tracking the year-to-year percent change over 1980-2008. The average annual percent change for the entire 29-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, the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings grew at an annual rate of 1.33% over 1980-2008. The census area recorded its highest growth in 1980 (11.37%) and recorded its lowest growth in 2001 (-14.90%). In 2008, the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings grew by 2.73%
Prince of Wales-Outer Ketchikan Census Area Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1980-2008
Prince of Wales-Outer Ketchikan Census Area Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1980-2008
Figure 6.
Over the past five decades some census areas 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 the Prince of Wales-Outer Ketchikan Census Area's real total industry earnings since 1980, but this time they are displayed with average growth rates for the decade of the 1980s, 1990s, and 2000-2008.
During the 1980s, the Prince of Wales-Outer Ketchikan Census Area's annual real total industry earnings growth rate averaged 5.28%. It averaged -0.37% during the 1990s, -1.17% thus far this decade (2000-2008).
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 the Prince of Wales-Outer Ketchikan Census Area noted in the previous graph with the corresponding decade averages for Alaska and the nation. As the chart reveals, the Prince of Wales-Outer Ketchikan Census Area's average annual real total industry earnings growth recorded above Alaska's average throughout the 1980s (5.28% vs. 2.15%), trailed Alaska's average during the 1990s (-0.37% vs. 1.39%), and trailed Alaska's average over the 9 year period of the last decade, 2000-2008 (-1.17% vs. 3.18%).
Finally, relative to nationwide real total industry earnings growth trends, the Prince of Wales-Outer Ketchikan Census Area led the nation throughout the 1980s (5.28% vs. 2.62%), posted below the nation during the 1990s (-0.37% vs. 3.43%), and fell below the nation over 2000-2008 (-1.17% vs. 2.00%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.33
5.28
-0.37
-1.17
2.73
 
2.21
2.15
1.39
3.18
1.41
 
2.71
2.62
3.43
2.00
-1.25
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Prince of Wales-Outer Ketchikan Census Area:
Total Industry Earnings, 1969-2022
 
1969
 
N
0.189
N
N
N
N
1970
 
N
0.198
N
N
N
N
1971
 
N
0.206
N
N
N
N
1972
 
N
0.213
N
N
N
N
1973
 
N
0.225
N
N
N
N
1974
 
N
0.248
N
N
N
N
1975
 
N
0.269
N
N
N
N
1976
 
N
0.283
N
N
N
N
1977
 
N
0.302
N
N
N
N
1978
 
N
0.323
N
N
N
N
1979
 
30,357
0.351
86,381
N
N
0.59
1980
 
37,451
0.389
96,206
N
11.37
0.64
1981
 
42,083
0.424
99,217
N
3.13
0.62
1982
 
46,729
0.448
104,373
N
5.20
0.60
1983
 
53,937
0.467
115,556
N
10.71
0.61
1984
 
58,988
0.484
121,778
N
5.38
0.64
1985
 
61,514
0.501
122,714
N
0.77
0.63
1986
 
67,393
0.512
131,578
N
7.22
0.70
1987
 
65,896
0.528
124,798
N
-5.15
0.73
1988
 
73,548
0.549
134,053
N
7.42
0.78
1989
 
81,956
0.573
143,127
N
6.77
0.79
1990
 
88,563
0.598
148,161
N
3.52
0.81
1991
 
85,788
0.618
138,874
N
-6.27
0.75
1992
 
89,639
0.634
141,342
N
1.78
0.74
1993
 
91,819
0.650
141,260
N
-0.06
0.73
1994
 
91,314
0.664
137,612
N
-2.58
0.71
1995
 
98,452
0.678
145,308
N
5.59
0.75
1996
 
90,554
0.692
130,853
N
-9.95
0.68
1997
 
99,357
0.704
141,118
N
7.84
0.72
1998
 
97,949
0.710
138,020
N
-2.20
0.67
1999
 
97,963
0.720
136,058
N
-1.42
0.66
2000
 
96,381
0.738
130,559
N
-4.04
0.61
2001
 
83,666
0.753
111,107
N
-14.90
0.49
2002
 
87,546
0.763
114,753
N
3.28
0.49
2003
 
97,175
0.779
124,753
N
8.71
0.51
2004
 
104,801
0.798
131,285
N
5.24
0.53
2005
 
109,028
0.821
132,755
N
1.12
0.52
2006
 
105,040
0.844
124,396
N
-6.30
0.47
2007
 
100,840
0.866
116,434
N
-6.40
0.43
2008
 
106,658
0.892
119,612
N
2.73
0.44
2009
 
N
0.889
N
N
N
N
2010
 
N
0.905
N
N
N
N
2011
 
N
0.928
N
N
N
N
2012
 
N
0.945
N
N
N
N
2013
 
N
0.958
N
N
N
N
2014
 
N
0.971
N
N
N
N
2015
 
N
0.973
N
N
N
N
2016
 
N
0.983
N
N
N
N
2017
 
N
1.000
N
N
N
N
2018
 
N
1.020
N
N
N
N
2019
 
N
1.035
N
N
N
N
2020
 
N
1.046
N
N
N
N
2021
 
N
1.090
N
N
N
N
2022
 
N
1.160
N
N
N
N
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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.

   
 
Alaska:
Total Industry Earnings, 1969-2022
 
1969
 
1,435,630
0.189
7,602,764
100.0
N
0.22
1970
 
1,623,536
0.198
8,213,781
108.0
8.04
0.23
1971
 
1,787,335
0.206
8,674,278
114.1
5.61
0.24
1972
 
1,957,403
0.213
9,186,235
120.8
5.90
0.24
1973
 
2,160,731
0.225
9,622,494
126.6
4.75
0.24
1974
 
2,864,653
0.248
11,554,281
152.0
20.08
0.29
1975
 
4,431,653
0.269
16,499,080
217.0
42.80
0.42
1976
 
5,493,765
0.283
19,389,987
255.0
17.52
0.47
1977
 
5,083,939
0.302
16,847,624
221.6
-13.11
0.39
1978
 
4,969,107
0.323
15,395,672
202.5
-8.62
0.34
1979
 
5,186,469
0.351
14,758,185
194.1
-4.14
0.31
1980
 
5,860,473
0.389
15,054,647
198.0
2.01
0.33
1981
 
6,776,533
0.424
15,976,737
210.1
6.12
0.35
1982
 
7,844,140
0.448
17,520,583
230.5
9.66
0.38
1983
 
8,774,150
0.467
18,797,990
247.3
7.29
0.40
1984
 
9,286,620
0.484
19,171,783
252.2
1.99
0.38
1985
 
9,769,034
0.501
19,488,178
256.3
1.65
0.37
1986
 
9,603,435
0.512
18,749,751
246.6
-3.79
0.34
1987
 
9,040,303
0.528
17,121,137
225.2
-8.69
0.30
1988
 
9,453,672
0.549
17,230,788
226.6
0.64
0.29
1989
 
10,318,104
0.573
18,019,427
237.0
4.58
0.30
1990
 
10,935,820
0.598
18,294,973
240.6
1.53
0.30
1991
 
11,457,965
0.618
18,548,200
244.0
1.38
0.30
1992
 
12,119,033
0.634
19,109,166
251.3
3.02
0.30
1993
 
12,568,767
0.650
19,336,565
254.3
1.19
0.30
1994
 
12,889,246
0.664
19,424,387
255.5
0.45
0.29
1995
 
13,080,430
0.678
19,305,768
253.9
-0.61
0.28
1996
 
13,289,883
0.692
19,204,201
252.6
-0.53
0.27
1997
 
13,885,401
0.704
19,721,620
259.4
2.69
0.26
1998
 
14,527,361
0.710
20,470,586
269.3
3.80
0.25
1999
 
14,882,097
0.720
20,669,292
271.9
0.97
0.24
2000
 
15,867,110
0.738
21,493,742
282.7
3.99
0.24
2001
 
17,029,542
0.753
22,614,993
297.5
5.22
0.25
2002
 
18,028,572
0.763
23,631,322
310.8
4.49
0.26
2003
 
18,955,972
0.779
24,335,600
320.1
2.98
0.26
2004
 
19,934,489
0.798
24,972,113
328.5
2.62
0.26
2005
 
21,169,408
0.821
25,776,429
339.0
3.22
0.26
2006
 
22,333,919
0.844
26,449,454
347.9
2.61
0.26
2007
 
23,393,313
0.866
27,010,880
355.3
2.12
0.26
2008
 
24,425,916
0.892
27,392,527
360.3
1.41
0.27
2009
 
25,422,826
0.889
28,590,351
376.1
4.37
0.29
2010
 
26,937,853
0.905
29,760,980
391.4
4.09
0.30
2011
 
28,437,092
0.928
30,642,097
403.0
2.96
0.30
2012
 
29,480,679
0.945
31,185,266
410.2
1.77
0.30
2013
 
29,693,231
0.958
31,001,170
407.8
-0.59
0.29
2014
 
30,367,977
0.971
31,268,188
411.3
0.86
0.29
2015
 
31,209,356
0.973
32,075,721
421.9
2.58
0.28
2016
 
30,384,981
0.983
30,915,491
406.6
-3.62
0.27
2017
 
30,445,976
1.000
30,445,976
400.5
-1.52
0.26
2018
 
31,385,975
1.020
30,756,392
404.5
1.02
0.25
2019
 
32,049,395
1.035
30,961,710
407.2
0.67
0.25
2020
 
31,624,353
1.046
30,223,494
397.5
-2.38
0.24
2021
 
32,986,297
1.090
30,262,380
398.0
0.13
0.23
2022
 
34,526,018
1.160
29,752,780
391.3
-1.68
0.23
Source: Calculations by the Alaska Regional Economic Analysis Project (AK-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 Alaska Regional Economic Analysis Project (AK-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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