Caldwell Parish vs. Louisiana
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Caldwell Parish vs. Louisiana
Caldwell Parish:
2022 Earnings = $136,243K
2022 Percent of State = 0.08%
Louisiana:
2022 Earnings = $161,700,448K
2022 Percent of U.S. = 1.06%
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.
Caldwell Parish Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Caldwell Parish Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Caldwell Parish'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 Caldwell Parish over time.
When measured in current dollars, Caldwell Parish's total industry earnings increased 943.53%, from $13M in 1970 to $136M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 77.75%, from $66M in 1970 to $117M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Caldwell Parish's and Louisiana'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, Caldwell Parish's real total industry earnings rose from $59M in 1969 to $117M in 2022, for a net gain of $58M, or 99.01%. In comparison, Louisiana's real total industry earnings increased from $47,367M in 1969 to $139,345M in 2022, for a net gain of $91,978M, or 194.18%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Caldwell Parish's real total industry earnings 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 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.
Caldwell Parish's overall real total industry earnings growth was 99.01% over 1969-2022 trailed Louisiana's increase of 194.18%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Louisiana Total: 1969-2022
Total Industry Earnings as a Percent of the Louisiana Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Caldwell Parish is to trace its individual percentage contributions to Louisiana'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 Louisiana's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Caldwell Parish's total industry earnings totaled 0.12% of Louisiana's total industry earnings, while in 2022 it comprised 0.08% thereby yielding a -0.04% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.04%
=
0.08%
-
0.12%
 
   
Caldwell Parish Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Caldwell Parish Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Caldwell Parish'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, Caldwell Parish's real total industry earnings grew at an annual rate of 1.59% over 1970-2022. The parish posted its highest growth in 1984 (27.25%) and recorded its lowest growth in 1980 (-13.18%). In 2022, Caldwell Parish's real total industry earnings declined by -11.63%
Caldwell Parish Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Caldwell Parish Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some parishes 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 Caldwell Parish'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, Caldwell Parish's annual real total industry earnings growth rate averaged 5.27%. It averaged 0.08% in the 1980s, 2.98% in the 1990s, 1.28% throughout the 2000s, -0.23% throughout the 2010s, -3.23% 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 Caldwell Parish noted in the previous graph with the corresponding decade averages for Louisiana and the nation. As the chart reveals, Caldwell Parish's average annual real total industry earnings growth led Louisiana's average during the 1970s (5.27% vs. 4.91%), outgained Louisiana's average during the 1980s (0.08% vs. 0.02%), lagged Louisiana's average during the 1990s (2.98% vs. 3.04%), trailed Louisiana's average during the 2000s (1.28% vs. 2.40%), lagged Louisiana's average during the 2010s (-0.23% vs. 0.98%), and trailed Louisiana's average over the 3 year period of the current decade, 2020-2022 (-3.23% vs. -0.83%).
Finally, relative to nationwide real total industry earnings growth trends, Caldwell Parish outpaced the nation throughout the 1970s (5.27% vs. 3.13%), fell below the nation during the 1980s (0.08% vs. 2.62%), fell under the nation in the 1990s (2.98% vs. 3.43%), posted below the nation during the 2000s (1.28% vs. 1.47%), posted below the nation during the 2010s (-0.23% vs. 2.53%), and recorded underneath the nation over 2020-2022 (-3.23% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.59
5.27
0.08
2.98
1.28
-0.23
-3.23
-11.63
 
2.09
4.91
0.02
3.04
2.40
0.98
-0.83
-1.96
 
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.

   
 
Caldwell Parish:
Total Industry Earnings, 1969-2022
 
1969
 
11,140
0.189
58,995
100.0
N
0.12
1970
 
13,056
0.198
66,053
112.0
11.96
0.14
1971
 
14,936
0.206
72,487
122.9
9.74
0.15
1972
 
17,632
0.213
82,748
140.3
14.16
0.16
1973
 
18,237
0.225
81,216
137.7
-1.85
0.14
1974
 
17,867
0.248
72,065
122.2
-11.27
0.13
1975
 
17,950
0.269
66,828
113.3
-7.27
0.11
1976
 
23,545
0.283
83,101
140.9
24.35
0.13
1977
 
25,503
0.302
84,514
143.3
1.70
0.12
1978
 
27,127
0.323
84,047
142.5
-0.55
0.12
1979
 
33,003
0.351
93,911
159.2
11.74
0.12
1980
 
31,740
0.389
81,535
138.2
-13.18
0.10
1981
 
36,846
0.424
86,870
147.3
6.54
0.11
1982
 
37,126
0.448
82,924
140.6
-4.54
0.10
1983
 
37,227
0.467
79,756
135.2
-3.82
0.10
1984
 
49,161
0.484
101,491
172.0
27.25
0.13
1985
 
50,648
0.501
101,037
171.3
-0.45
0.13
1986
 
48,780
0.512
95,238
161.4
-5.74
0.13
1987
 
50,696
0.528
96,012
162.7
0.81
0.13
1988
 
48,518
0.549
88,432
149.9
-7.89
0.12
1989
 
51,549
0.573
90,025
152.6
1.80
0.12
1990
 
56,434
0.598
94,411
160.0
4.87
0.12
1991
 
54,307
0.618
87,912
149.0
-6.88
0.11
1992
 
60,712
0.634
95,730
162.3
8.89
0.11
1993
 
69,327
0.650
106,657
180.8
11.41
0.13
1994
 
73,993
0.664
111,509
189.0
4.55
0.13
1995
 
71,121
0.678
104,969
177.9
-5.86
0.12
1996
 
76,948
0.692
111,192
188.5
5.93
0.12
1997
 
80,745
0.704
114,683
194.4
3.14
0.12
1998
 
80,887
0.710
113,978
193.2
-0.61
0.11
1999
 
85,668
0.720
118,982
201.7
4.39
0.12
2000
 
88,736
0.738
120,203
203.8
1.03
0.11
2001
 
83,172
0.753
110,451
187.2
-8.11
0.10
2002
 
89,945
0.763
117,897
199.8
6.74
0.10
2003
 
93,707
0.779
120,301
203.9
2.04
0.10
2004
 
94,007
0.798
117,763
199.6
-2.11
0.10
2005
 
98,740
0.821
120,228
203.8
2.09
0.10
2006
 
104,250
0.844
123,460
209.3
2.69
0.10
2007
 
111,961
0.866
129,275
219.1
4.71
0.10
2008
 
115,513
0.892
129,542
219.6
0.21
0.10
2009
 
119,230
0.889
134,085
227.3
3.51
0.10
2010
 
122,403
0.905
135,231
229.2
0.85
0.10
2011
 
120,177
0.928
129,495
219.5
-4.24
0.10
2012
 
118,431
0.945
125,279
212.4
-3.26
0.09
2013
 
127,575
0.958
133,194
225.8
6.32
0.10
2014
 
132,021
0.971
135,935
230.4
2.06
0.09
2015
 
126,128
0.973
129,629
219.7
-4.64
0.09
2016
 
126,406
0.983
128,613
218.0
-0.78
0.09
2017
 
127,211
1.000
127,211
215.6
-1.09
0.09
2018
 
131,973
1.020
129,326
219.2
1.66
0.09
2019
 
134,990
1.035
130,409
221.1
0.84
0.09
2020
 
134,125
1.046
128,184
217.3
-1.71
0.09
2021
 
144,820
1.090
132,861
225.2
3.65
0.09
2022
 
136,243
1.160
117,407
199.0
-11.63
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_1200_PSN
 
   

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

   
 
Louisiana:
Total Industry Earnings, 1969-2022
 
1969
 
8,944,387
0.189
47,367,405
100.0
N
1.37
1970
 
9,481,933
0.198
47,970,925
101.3
1.27
1.37
1971
 
10,289,849
0.206
49,938,602
105.4
4.10
1.39
1972
 
11,307,680
0.213
53,067,768
112.0
6.27
1.38
1973
 
12,683,588
0.225
56,484,471
119.2
6.44
1.38
1974
 
14,268,033
0.248
57,548,635
121.5
1.88
1.44
1975
 
15,851,607
0.269
59,015,663
124.6
2.55
1.50
1976
 
18,156,692
0.283
64,083,196
135.3
8.59
1.55
1977
 
20,415,897
0.302
67,656,074
142.8
5.58
1.57
1978
 
23,564,665
0.323
73,009,868
154.1
7.91
1.60
1979
 
26,814,726
0.351
76,301,756
161.1
4.51
1.63
1980
 
30,286,083
0.389
77,800,254
164.2
1.96
1.70
1981
 
34,649,671
0.424
81,692,022
172.5
5.00
1.77
1982
 
36,188,144
0.448
80,829,430
170.6
-1.06
1.76
1983
 
36,614,450
0.467
78,443,847
165.6
-2.95
1.67
1984
 
38,792,241
0.484
80,084,727
169.1
2.09
1.59
1985
 
39,642,216
0.501
79,081,982
167.0
-1.25
1.52
1986
 
38,870,623
0.512
75,891,023
160.2
-4.04
1.39
1987
 
39,174,330
0.528
74,190,997
156.6
-2.24
1.31
1988
 
41,678,179
0.549
75,964,967
160.4
2.39
1.28
1989
 
43,616,233
0.573
76,170,924
160.8
0.27
1.26
1990
 
47,215,795
0.598
78,989,201
166.8
3.70
1.28
1991
 
49,664,354
0.618
80,396,856
169.7
1.78
1.31
1992
 
52,820,698
0.634
83,287,130
175.8
3.60
1.30
1993
 
54,938,897
0.650
84,521,380
178.4
1.48
1.30
1994
 
58,215,839
0.664
87,732,592
185.2
3.80
1.31
1995
 
61,065,513
0.678
90,128,277
190.3
2.73
1.31
1996
 
64,101,011
0.692
92,627,503
195.6
2.77
1.29
1997
 
67,854,770
0.704
96,375,034
203.5
4.05
1.28
1998
 
71,525,160
0.710
100,786,506
212.8
4.58
1.25
1999
 
73,947,489
0.720
102,703,419
216.8
1.90
1.21
2000
 
78,158,188
0.738
105,873,842
223.5
3.09
1.18
2001
 
83,629,559
0.753
111,058,882
234.5
4.90
1.22
2002
 
86,664,450
0.763
113,597,213
239.8
2.29
1.24
2003
 
90,124,407
0.779
115,701,347
244.3
1.85
1.24
2004
 
93,011,813
0.798
116,516,734
246.0
0.70
1.21
2005
 
97,087,164
0.821
118,215,890
249.6
1.46
1.21
2006
 
104,011,002
0.844
123,177,406
260.0
4.20
1.22
2007
 
109,756,480
0.866
126,729,341
267.5
2.88
1.24
2008
 
117,743,424
0.892
132,043,764
278.8
4.19
1.31
2009
 
115,635,778
0.889
130,043,272
274.5
-1.52
1.33
2010
 
121,522,248
0.905
134,257,958
283.4
3.24
1.35
2011
 
123,381,938
0.928
132,948,944
280.7
-0.97
1.31
2012
 
127,945,450
0.945
135,343,316
285.7
1.80
1.30
2013
 
132,774,464
0.958
138,622,967
292.7
2.42
1.30
2014
 
140,224,445
0.971
144,381,179
304.8
4.15
1.32
2015
 
137,688,821
0.973
141,511,034
298.8
-1.99
1.25
2016
 
134,123,656
0.983
136,465,402
288.1
-3.57
1.19
2017
 
137,824,857
1.000
137,824,857
291.0
1.00
1.16
2018
 
144,178,731
1.020
141,286,594
298.3
2.51
1.16
2019
 
147,970,939
1.035
142,949,136
301.8
1.18
1.14
2020
 
146,233,701
1.046
139,756,010
295.0
-2.23
1.11
2021
 
154,924,361
1.090
142,131,137
300.1
1.70
1.09
2022
 
161,700,448
1.160
139,345,284
294.2
-1.96
1.06
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_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 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_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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