Camden County vs. New Jersey
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Camden County vs. New Jersey
Camden County:
2022 Earnings = $19,677,081K
2022 Percent of State = 4.27%
New Jersey:
2022 Earnings = $460,796,732K
2022 Percent of U.S. = 3.03%
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.
Camden County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Camden County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Camden 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 Camden County over time.
When measured in current dollars, Camden County's total industry earnings increased 1,352.72%, from $1,355M in 1970 to $19,677M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 147.45%, from $6,853M in 1970 to $16,957M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Camden County's and New Jersey'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, Camden County's real total industry earnings rose from $6,658M in 1969 to $16,957M in 2022, for a net gain of $10,299M, or 154.69%. In comparison, New Jersey's real total industry earnings increased from $128,022M in 1969 to $397,091M in 2022, for a net gain of $269,069M, or 210.17%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Camden County's real total industry earnings growth in a broader context by offering direct comparisons across time with New Jersey, 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.
Camden County's overall real total industry earnings growth was 154.69% over 1969-2022 trailed New Jersey's increase of 210.17%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the New Jersey Total: 1969-2022
Total Industry Earnings as a Percent of the New Jersey Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Camden County is to trace its individual percentage contributions to New Jersey'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 New Jersey's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Camden County's total industry earnings comprised 5.20% of New Jersey's total industry earnings, while in 2022 it totaled 4.27% thereby yielding a -0.93% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.93%
=
4.27%
-
5.20%
 
   
Camden County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Camden County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Camden 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, Camden County's real total industry earnings grew at an annual rate of 1.82% over 1970-2022. The county recorded its highest growth in 1984 (7.52%) and posted its lowest growth in 1991 (-4.00%). In 2022, Camden County's real total industry earnings declined by -1.95%
Camden County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Camden 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 shows the annual percent change in Camden 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, Camden County's annual real total industry earnings growth rate averaged 2.53%. It averaged 3.60% during the 1980s, 1.34% in the 1990s, 0.87% in the 2000s, 1.25% throughout the 2010s, 0.11% 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 Camden County noted in the previous graph with the corresponding decade averages for New Jersey and the nation. As the chart reveals, Camden County's average annual real total industry earnings growth registered above New Jersey's average throughout the 1970s (2.53% vs. 2.36%), fell below New Jersey's average during the 1980s (3.60% vs. 3.72%), fell below New Jersey's average in the 1990s (1.34% vs. 2.54%), fell below New Jersey's average throughout the 2000s (0.87% vs. 1.36%), trailed New Jersey's average throughout the 2010s (1.25% vs. 1.57%), and lagged New Jersey's average over the 3 year period of the current decade, 2020-2022 (0.11% vs. 0.19%).
Finally, relative to nationwide real total industry earnings growth trends, Camden County lagged the nation over the 1970s (2.53% vs. 3.13%), topped the nation in the 1980s (3.60% vs. 2.62%), lagged the nation in the 1990s (1.34% vs. 3.43%), fell below the nation in the 2000s (0.87% vs. 1.47%), lagged the nation throughout the 2010s (1.25% vs. 2.53%), and fell below the nation over 2020-2022 (0.11% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.82
2.53
3.60
1.34
0.87
1.25
0.11
-1.95
 
2.19
2.36
3.72
2.54
1.36
1.57
0.19
-0.84
 
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.

   
 
Camden County:
Total Industry Earnings, 1969-2022
 
1969
 
1,257,199
0.189
6,657,835
100.0
N
5.20
1970
 
1,354,501
0.198
6,852,681
102.9
2.93
5.19
1971
 
1,475,104
0.206
7,158,961
107.5
4.47
5.29
1972
 
1,579,814
0.213
7,414,182
111.4
3.57
5.19
1973
 
1,773,976
0.225
7,900,138
118.7
6.55
5.29
1974
 
1,932,215
0.248
7,793,389
117.1
-1.35
5.37
1975
 
2,025,143
0.269
7,539,624
113.2
-3.26
5.37
1976
 
2,191,480
0.283
7,734,726
116.2
2.59
5.30
1977
 
2,410,086
0.302
7,986,764
120.0
3.26
5.29
1978
 
2,722,994
0.323
8,436,591
126.7
5.63
5.33
1979
 
2,990,930
0.351
8,510,742
127.8
0.88
5.29
1980
 
3,289,133
0.389
8,449,273
126.9
-0.72
5.31
1981
 
3,567,595
0.424
8,411,164
126.3
-0.45
5.26
1982
 
3,807,037
0.448
8,503,355
127.7
1.10
5.26
1983
 
4,184,999
0.467
8,966,062
134.7
5.44
5.30
1984
 
4,669,839
0.484
9,640,659
144.8
7.52
5.31
1985
 
5,097,382
0.501
10,168,732
152.7
5.48
5.34
1986
 
5,477,289
0.512
10,693,862
160.6
5.16
5.30
1987
 
5,963,038
0.528
11,293,205
169.6
5.60
5.26
1988
 
6,601,804
0.549
12,032,815
180.7
6.55
5.26
1989
 
6,910,607
0.573
12,068,610
181.3
0.30
5.22
1990
 
7,061,239
0.598
11,813,031
177.4
-2.12
5.11
1991
 
7,005,731
0.618
11,340,906
170.3
-4.00
5.02
1992
 
7,415,944
0.634
11,693,384
175.6
3.11
4.96
1993
 
7,704,093
0.650
11,852,451
178.0
1.36
4.96
1994
 
7,978,224
0.664
12,023,365
180.6
1.44
4.93
1995
 
8,215,382
0.678
12,125,309
182.1
0.85
4.84
1996
 
8,589,492
0.692
12,412,023
186.4
2.36
4.82
1997
 
8,932,133
0.704
12,686,427
190.5
2.21
4.73
1998
 
9,427,229
0.710
13,283,962
199.5
4.71
4.67
1999
 
9,897,615
0.720
13,746,497
206.5
3.48
4.64
2000
 
10,205,832
0.738
13,824,919
207.6
0.57
4.36
2001
 
10,628,971
0.753
14,115,124
212.0
2.10
4.39
2002
 
11,132,104
0.763
14,591,635
219.2
3.38
4.46
2003
 
11,746,347
0.779
15,079,912
226.5
3.35
4.57
2004
 
12,318,364
0.798
15,431,325
231.8
2.33
4.59
2005
 
12,853,874
0.821
15,651,216
235.1
1.42
4.64
2006
 
13,232,138
0.844
15,670,462
235.4
0.12
4.56
2007
 
13,685,691
0.866
15,802,061
237.3
0.84
4.55
2008
 
13,834,197
0.892
15,514,407
233.0
-1.82
4.53
2009
 
13,304,806
0.889
14,962,502
224.7
-3.56
4.42
2010
 
13,477,515
0.905
14,889,978
223.6
-0.48
4.39
2011
 
13,527,028
0.928
14,575,911
218.9
-2.11
4.32
2012
 
13,838,897
0.945
14,639,068
219.9
0.43
4.28
2013
 
14,236,729
0.958
14,863,834
223.3
1.54
4.27
2014
 
14,380,921
0.971
14,807,221
222.4
-0.38
4.18
2015
 
15,012,670
0.973
15,429,419
231.7
4.20
4.21
2016
 
15,729,738
0.983
16,004,373
240.4
3.73
4.32
2017
 
16,369,763
1.000
16,369,763
245.9
2.28
4.35
2018
 
17,000,731
1.020
16,659,707
250.2
1.77
4.34
2019
 
17,507,406
1.035
16,913,244
254.0
1.52
4.28
2020
 
17,531,413
1.046
16,754,827
251.7
-0.94
4.27
2021
 
18,850,310
1.090
17,293,704
259.7
3.22
4.32
2022
 
19,677,081
1.160
16,956,715
254.7
-1.95
4.27
Source: Calculations by the New Jersey Regional Economic Analysis Project (NJ-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.

   
 
New Jersey:
Total Industry Earnings, 1969-2022
 
1969
 
24,174,456
0.189
128,022,327
100.0
N
3.70
1970
 
26,102,139
0.198
132,055,747
103.2
3.15
3.76
1971
 
27,901,715
0.206
135,412,351
105.8
2.54
3.76
1972
 
30,447,671
0.213
142,893,143
111.6
5.52
3.71
1973
 
33,538,166
0.225
149,357,230
116.7
4.52
3.65
1974
 
36,008,650
0.248
145,237,164
113.4
-2.76
3.62
1975
 
37,745,885
0.269
140,528,239
109.8
-3.24
3.56
1976
 
41,379,924
0.283
146,048,509
114.1
3.93
3.53
1977
 
45,540,642
0.302
150,916,762
117.9
3.33
3.49
1978
 
51,062,212
0.323
158,204,895
123.6
4.83
3.46
1979
 
56,574,936
0.351
160,984,936
125.7
1.76
3.43
1980
 
61,889,637
0.389
158,984,887
124.2
-1.24
3.47
1981
 
67,762,531
0.424
159,760,771
124.8
0.49
3.46
1982
 
72,341,216
0.448
161,580,523
126.2
1.14
3.52
1983
 
78,978,762
0.467
169,206,363
132.2
4.72
3.61
1984
 
88,003,116
0.484
181,678,226
141.9
7.37
3.62
1985
 
95,483,970
0.501
190,480,310
148.8
4.84
3.65
1986
 
103,321,187
0.512
201,724,335
157.6
5.90
3.71
1987
 
113,281,477
0.528
214,540,125
167.6
6.35
3.78
1988
 
125,530,226
0.549
228,798,371
178.7
6.65
3.85
1989
 
132,290,164
0.573
231,030,132
180.5
0.98
3.82
1990
 
138,126,371
0.598
231,077,158
180.5
0.02
3.75
1991
 
139,677,857
0.618
226,111,077
176.6
-2.15
3.69
1992
 
149,410,971
0.634
235,589,674
184.0
4.19
3.68
1993
 
155,419,250
0.650
239,106,538
186.8
1.49
3.67
1994
 
161,986,059
0.664
244,116,672
190.7
2.10
3.63
1995
 
169,746,173
0.678
250,533,065
195.7
2.63
3.63
1996
 
178,344,003
0.692
257,711,375
201.3
2.87
3.60
1997
 
188,811,959
0.704
268,172,141
209.5
4.06
3.57
1998
 
201,798,426
0.710
284,355,300
222.1
6.03
3.54
1999
 
213,357,244
0.720
296,325,390
231.5
4.21
3.50
2000
 
234,153,627
0.738
317,186,783
247.8
7.04
3.55
2001
 
242,111,326
0.753
321,520,446
251.1
1.37
3.53
2002
 
249,745,024
0.763
327,358,435
255.7
1.82
3.57
2003
 
257,189,167
0.779
330,178,405
257.9
0.86
3.55
2004
 
268,252,234
0.798
336,041,983
262.5
1.78
3.50
2005
 
277,258,204
0.821
337,596,897
263.7
0.46
3.45
2006
 
290,105,609
0.844
343,564,198
268.4
1.77
3.41
2007
 
300,456,537
0.866
346,919,460
271.0
0.98
3.39
2008
 
305,474,324
0.892
342,575,220
267.6
-1.25
3.39
2009
 
300,798,411
0.889
338,276,010
264.2
-1.25
3.46
2010
 
306,832,261
0.905
338,988,732
264.8
0.21
3.40
2011
 
313,036,717
0.928
337,309,509
263.5
-0.50
3.31
2012
 
323,407,833
0.945
342,107,425
267.2
1.42
3.28
2013
 
333,216,505
0.958
347,894,160
271.7
1.69
3.27
2014
 
343,914,556
0.971
354,109,365
276.6
1.79
3.24
2015
 
356,643,697
0.973
366,544,052
286.3
3.51
3.23
2016
 
363,904,475
0.983
370,258,104
289.2
1.01
3.22
2017
 
376,496,539
1.000
376,496,539
294.1
1.68
3.18
2018
 
392,158,162
1.020
384,291,711
300.2
2.07
3.15
2019
 
408,762,905
1.035
394,890,405
308.5
2.76
3.15
2020
 
410,231,771
1.046
392,059,799
306.2
-0.72
3.12
2021
 
436,501,326
1.090
400,456,258
312.8
2.14
3.06
2022
 
460,796,732
1.160
397,091,364
310.2
-0.84
3.03
Source: Calculations by the New Jersey Regional Economic Analysis Project (NJ-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 New Jersey Regional Economic Analysis Project (NJ-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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