Catahoula Parish vs. Louisiana
Comparative Trends Analysis:
Gross Domestic Product Growth and Change, 2001-2021
Introduction
Catahoula Parish vs. Louisiana
Catahoula Parish:
2021 GDP = $207,391K
2021 Percent of State = 0.08%
Louisiana:
2021 GDP = $258,571,307K
2021 Percent of U.S. = 1.11%
Nationally, GDP (Gross Domestic Product) is widely regarded as the foremost blue-chip barometer for tracking and calibrating the economic performance of the economy nationwide. Like its closely followed national counterpart, the GDP of Catahoula Parish is the most comprehensive measure of output of all goods and services produced by labor and property located within Catahoula Parish. It is a market valuation of the goods and services-both private and public-produced within a regional economy.
Unlike the widely and frequently reported employment and job numbers that measure labor as one of the units of input into production, GDP is a valuation of the output. Also, while County Personal Income is representative of the "purchasing power" of those that reside within a county, think of Gross Domestic Product as representative of the "producing power" of that county.
For a more detailed and technical explanation of Gross Domestic Product (GDP) by County compiled by the Regional Product Branch of Bureau of Economic Analysis please refer to the A Primer on Local Area Gross Domestic Product Methodology article found on the BEA website.

BEA: Definition

GDP by county is the county counterpart of the Nation's gross domestic product (GDP), the Bureau's featured and most comprehensive measure of U.S. economic activity. GDP by county is derived as the sum of the GDP originating in all the industries in a county.

The statistics of real GDP by county are prepared in chained (2012) dollars. Real GDP by county is an inflation-adjusted measure of each county's gross product that is based on national prices for the goods and services produced within that county. The statistics of real GDP by county and of quantity indexes with a base year of 2012 were derived by applying national chain-type price indexes to the current-dollar GDP-by-county values for the 64 detailed NAICS-based industries for 1997 forward.

The chain-type index formula that is used in the national accounts is then used to calculate the values of total real GDP by county and of real GDP by county at more aggregated industry levels. Real GDP by county may reflect a substantial volume of output that is sold to other counties and regions. To the extent that a county's output is produced and sold in national markets at relatively uniform prices (or sold locally at national prices), real GDP by state captures the differences across states that reflect the relative differences in the mix of goods and services that the counties produce. However, real GDP by county does not capture geographic differences in the prices of goods and services that are produced and sold locally.

United States. Bureau of Economic Analysis, Regional Product Division.
BEA News Release (GDP by State). 2013. Web.
https://www.bea.gov/data/gdp/gdp-state.

BEA: Relation of GDP by county to U.S. Gross Domestic Product (GDP)

An industry's GDP by county, or its value added, in practice, is calculated as the sum of incomes earned by labor and capital and the costs incurred in the production of goods and services. That is, it includes the wages and salaries that workers earn, the income earned by individual or joint entrepreneurs as well as by corporations, and business taxes such as sales, property, and Federal excise taxes that count as a business expense.

GDP is calculated as the sum of what consumers, businesses, and government spend on final goods and services, plus investment and net foreign trade. In theory, incomes earned should equal what is spent, but due to different data sources, income earned, usually referred to as gross domestic income (GDI), does not always equal what is spent (GDP). The difference is referred to as the "statistical discrepancy."

Starting with the 2004 comprehensive revision, BEA's annual industry accounts and its GDP-by-county accounts allocate the statistical discrepancy across all private-sector industries. Therefore, the GDP-by-county statistics are now conceptually more similar to the GDP statistics in the national accounts than they had been in the past.

U.S. real GDP by county for the advance year, 2012, may differ from the Annual Industry Accounts' GDP by industry and, hence NIPA (National Income and Product Account) GDP, because of different sources and vintages of data used to estimate GDP by state and NIPA GDP. For the revised years of 2009-2011, U.S. GDP by county is nearly identical to GDP by industry except for small differences resulting from the GDP-by-county accounts' exclusion of overseas Federal military and civilian activity (because it cannot be attributed to a particular state). The GDP-by-industry statistics are identical to those from the 2012 annual revision of the NIPAs, released in July 2012. However, because of revisions since July 2012, GDP in the NIPAs may differ from U.S. GDP by county.

United States. Bureau of Economic Analysis, Regional Product Division.
BEA News Release (GDP by State). 2013. Web.
https://www.bea.gov/data/gdp/gdp-state.

Catahoula Parish Gross Domestic Product, 2002-2021
Current vs. Chained 2012 Dollars (Millions)
Catahoula Parish Gross Domestic Product, 2002-2021
Current vs. Chained 2012 Dollars (Millions)
Figure 1.
Figure 1 depicts Catahoula Parish's annual gross domestic product over 2002-2021 in current and constant (chained 2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real total good and services output of Catahoula Parish over time.
When measured in current dollars, Catahoula Parish's GDP increased 63.73%, from $127M in 2002 to $207M in 2021. When measured in constant 2012 dollars to adjust for inflation, it declined -5.02%, from $183M in 2002 to $174M in 2021.
Real Gross Domestic Product, 2001-2021 (Millions)
Real Gross Domestic Product, 2001-2021 (Millions)
Figure 2.
Figure 2 traces Catahoula Parish's and Louisiana's annual real gross domestic product for the period 2001-2021 to illustrate real gross domestic product patterns over time. During this 21-year period, Catahoula Parish's real gross domestic product dropped from $201M in 2001 to $174M in 2021, for a net loss of ($27)M, or -13.50%. In comparison, Louisiana's real GDP advanced from $208,618M in 2001 to $221,153M in 2021, for a net advance of $12,535M, or 6.01%.
Real Gross Domestic Product Indices (2001=100): 2001-2021
Real Gross Domestic Product Indices (2001=100): 2001-2021
Figure 3.
Figure 3 shows Catahoula Parish's real gross domestic product growth in a broader context by offering direct comparisons across time with Louisiana, the United States. The growth indices shown here express each region's real gross domestic product in 2001 as a base figure of 100, and the real gross domestic products in later years as a percentage of the 2001 base figure. This method allows for more direct comparison of differences in real gross domestic product growth between regions that may differ vastly in size.
Catahoula Parish's overall real GDP growth was -13.50% over 2001-2021 trailed Louisiana's increase of 6.01%, and fell below the United States' increase of 47.85%.
Gross Domestic Product as a Percent of the Louisiana Total: 2001-2021
Gross Domestic Product as a Percent of the Louisiana Total: 2001-2021
Figure 4.
Another interesting and insightful way of highlighting the gross domestic product growth of Catahoula Parish is to trace its individual percentage contributions to Louisiana's statewide gross domestic product over time, as shown in Figure 4. A rising share means a region's gross domestic product grew faster, or declined less, than Louisiana's gross domestic product, while a declining share shows it grew more slowly.
In 2001, Catahoula Parish's GDP comprised 0.10% of Louisiana's GDP, while in 2021 it totaled 0.08% thereby yielding a -0.02% share-shift.
   
 
Gross Domestic Product Share-Shift
2021 vs. 2001
 
Share-
Shift*
 
2021
vs.
2001
-0.02%
=
0.08%
-
0.10%
 
   
Catahoula Parish Real Gross Domestic Product:
Annual Percent Change, 2002-2021
Catahoula Parish Real Gross Domestic Product:
Annual Percent Change, 2002-2021
Figure 5.
Figure 5 displays the short-run pattern of Catahoula Parish's real gross domestic product growth by tracking the year-to-year percent change over 2002-2021. The average annual percent change for the entire 20-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, Catahoula Parish's real GDP contracted at an annual rate of -0.17% over 2002-2021. The parish recorded its highest growth in 2009 (25.91%) and recorded its lowest growth in 2008 (-22.05%). In 2021, Catahoula Parish's real GDP declined by -1.33%
Catahoula Parish Real Gross Domestic Product:
Annual Percent Change and Decade Averages Over 2002-2021
Catahoula Parish Real Gross Domestic Product:
Annual Percent Change and Decade Averages Over 2002-2021
Figure 6.
Figure 6 again traces the annual percent change in Catahoula Parish's real gross domestic product since 2002, but this time they are overlayed with average growth rates for the decade of the 2000s, 2010s, and 2020-2021.
During 2002-2009, Catahoula Parish's annual real GDP growth rate averaged 3.05%. It averaged -2.67% during the 2010s, -0.57% thus far this decade (2020-2021).
Real Gross Domestic Product Growth:
Average Annual Percent Change by Decade
Real Gross Domestic Product Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Catahoula Parish noted in the previous graph with the corresponding decade averages for Louisiana and the nation. As the chart reveals, Catahoula Parish's average annual real gross domestic product growth topped Louisiana's average throughout the 2000s (3.05% vs. 1.64%), trailed Louisiana's average during the 2010s (-2.67% vs. 0.06%), and outperformed Louisiana's average over the 2 year period of the current decade, 2020-2021 (-0.57% vs. -3.30%).
Finally, relative to nationwide real gross domestic product growth trends, Catahoula Parish outgained the nation in the 2000s (3.05% vs. 1.77%), trailed the nation in the 2010s (-2.67% vs. 2.25%), and trailed the nation over 2020-2021 (-0.57% vs. 1.59%).
   
 
Real* Gross Domestic Product Growth:
Average Annual Percent Change
 
 
 
-0.17
3.05
-2.67
-0.57
-1.33
 
0.36
1.64
0.06
-3.30
1.25
 
1.99
1.77
2.25
1.59
5.95
 
   

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

   
 
Catahoula Parish:
Gross Domestic Product, 2001-2021
 
2001
 
140,373
0.864
200,631
100.0
N
0.10
2002
 
126,669
0.787
182,727
91.1
-8.92
0.09
2003
 
159,521
0.925
214,895
107.1
17.60
0.10
2004
 
168,582
0.914
212,158
105.7
-1.27
0.10
2005
 
187,703
0.992
230,355
114.8
8.58
0.09
2006
 
209,251
1.084
251,669
125.4
9.25
0.10
2007
 
218,595
1.033
239,947
119.6
-4.66
0.11
2008
 
179,403
0.805
187,039
93.2
-22.05
0.08
2009
 
211,555
1.014
235,502
117.4
25.91
0.10
2010
 
223,958
1.027
238,454
118.9
1.25
0.10
2011
 
239,043
1.041
241,840
120.5
1.42
0.10
2012
 
232,207
1.000
232,207
115.7
-3.98
0.10
2013
 
220,739
0.926
215,002
107.2
-7.41
0.10
2014
 
187,950
0.781
181,292
90.4
-15.68
0.08
2015
 
169,719
0.726
168,629
84.0
-6.98
0.07
2016
 
166,171
0.708
164,463
82.0
-2.47
0.07
2017
 
183,367
0.757
175,716
87.6
6.84
0.08
2018
 
178,259
0.712
165,382
82.4
-5.88
0.07
2019
 
191,260
0.756
175,545
87.5
6.15
0.07
2020
 
193,773
0.757
175,892
87.7
0.20
0.08
2021
 
207,391
0.747
173,552
86.5
-1.33
0.08
Source: Calculations by the Louisiana Regional Economic Analysis Project (LA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_2000_PSN
 
   

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

   
 
Louisiana:
Gross Domestic Product, 2001-2021
 
2001
 
137,901,167
0.886
208,617,822
100.0
N
1.30
2002
 
139,800,907
0.905
213,079,449
102.1
2.14
1.28
2003
 
155,092,381
0.942
221,774,415
106.3
4.08
1.35
2004
 
171,006,054
0.989
232,712,830
111.5
4.93
1.40
2005
 
199,594,712
1.053
247,773,242
118.8
6.47
1.53
2006
 
207,773,754
1.043
245,500,245
117.7
-0.92
1.50
2007
 
203,041,001
0.979
230,367,684
110.4
-6.16
1.40
2008
 
212,392,376
0.986
232,150,685
111.3
0.77
1.44
2009
 
204,906,915
1.004
236,411,005
113.3
1.84
1.42
2010
 
225,308,920
1.049
246,836,183
118.3
4.41
1.50
2011
 
229,944,978
0.998
234,975,692
112.6
-4.81
1.47
2012
 
235,384,666
1.000
235,384,666
112.8
0.17
1.45
2013
 
230,832,493
0.971
228,452,769
109.5
-2.94
1.37
2014
 
240,737,271
1.000
235,355,104
112.8
3.02
1.37
2015
 
235,113,522
0.990
233,015,986
111.7
-0.99
1.29
2016
 
227,090,679
0.970
228,428,523
109.5
-1.97
1.21
2017
 
241,213,425
0.991
233,351,652
111.9
2.16
1.24
2018
 
256,677,836
1.008
237,298,288
113.7
1.69
1.25
2019
 
255,481,914
1.007
237,044,596
113.6
-0.11
1.19
2020
 
232,527,751
0.928
218,421,686
104.7
-7.86
1.10
2021
 
258,571,307
0.940
221,152,704
106.0
1.25
1.11
Source: Calculations by the Louisiana Regional Economic Analysis Project (LA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_2000_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:
Gross Domestic Product, 2001-2021
 
2001
 
10,581,929,000
0.816
13,263,417,000
100.0
N
2002
 
10,929,108,000
0.830
13,488,357,000
101.7
1.70
2003
 
11,456,450,000
0.853
13,865,519,000
104.5
2.80
2004
 
12,217,196,000
0.886
14,399,696,000
108.6
3.85
2005
 
13,039,197,000
0.917
14,901,269,000
112.3
3.48
2006
 
13,815,583,000
0.942
15,315,943,000
115.5
2.78
2007
 
14,474,228,000
0.961
15,623,871,000
117.8
2.01
2008
 
14,769,862,000
0.962
15,642,962,000
117.9
0.12
2009
 
14,478,067,000
0.937
15,236,262,000
114.9
-2.60
2010
 
15,048,970,000
0.963
15,648,991,000
118.0
2.71
2011
 
15,599,731,000
0.978
15,891,534,000
119.8
1.55
2012
 
16,253,970,000
1.000
16,253,970,000
122.5
2.28
2013
 
16,843,196,000
1.018
16,553,348,000
124.8
1.84
2014
 
17,550,687,000
1.042
16,932,051,000
127.7
2.29
2015
 
18,206,023,000
1.070
17,390,295,000
131.1
2.71
2016
 
18,695,106,000
1.088
17,680,274,000
133.3
1.67
2017
 
19,477,337,000
1.112
18,076,651,000
136.3
2.24
2018
 
20,533,058,000
1.145
18,609,078,000
140.3
2.95
2019
 
21,380,976,000
1.171
19,036,052,000
143.5
2.29
2020
 
21,060,474,000
1.139
18,509,143,000
139.6
-2.77
2021
 
23,315,081,000
1.206
19,609,812,000
147.8
5.95
Source: Calculations by the Louisiana Regional Economic Analysis Project (LA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_2000_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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