Tolland County vs. Connecticut
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Tolland County vs. Connecticut
Tolland County:
2022 Earnings = $3,925,006K
2022 Percent of State = 2.05%
Connecticut:
2022 Earnings = $191,721,257K
2022 Percent of U.S. = 1.26%
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.
Tolland County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Tolland County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Tolland 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 Tolland County over time.
When measured in current dollars, Tolland County's total industry earnings increased 1,999.64%, from $187M in 1970 to $3,925M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 257.64%, from $946M in 1970 to $3,382M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Tolland County's and Connecticut'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, Tolland County's real total industry earnings rose from $922M in 1969 to $3,382M in 2022, for a net gain of $2,460M, or 266.70%. In comparison, Connecticut's real total industry earnings increased from $59,398M in 1969 to $165,216M in 2022, for a net advance of $105,818M, or 178.15%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Tolland County's real total industry earnings growth in a broader context by offering direct comparisons across time with Connecticut, 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.
Tolland County's overall real total industry earnings growth was 266.70% over 1969-2022 outpaced Connecticut's increase of 178.15%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Connecticut Total: 1969-2022
Total Industry Earnings as a Percent of the Connecticut Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Tolland County is to compare its individual percentage contributions to Connecticut'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 Connecticut's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Tolland County's total industry earnings totaled 1.55% of Connecticut's total industry earnings, while in 2022 it equated to 2.05% thereby yielding a +0.49% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.49%
=
2.05%
-
1.55%
 
   
Tolland County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Tolland County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Tolland 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 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, Tolland County's real total industry earnings grew at an annual rate of 2.56% over 1970-2022. The county recorded its highest growth in 1987 (13.64%) and recorded its lowest growth in 1975 (-4.69%). In 2022, Tolland County's real total industry earnings declined by -0.26%
Tolland County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Tolland 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 depicts the annual percent change in Tolland County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Tolland County's annual real total industry earnings growth rate averaged 1.70%. It averaged 6.62% throughout the 1980s, 2.63% in the 1990s, 2.29% during the 2000s, 0.33% in the 2010s, 0.04% 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 Tolland County noted in the previous graph with the corresponding decade averages for Connecticut and the nation. As the chart reveals, Tolland County's average annual real total industry earnings growth posted below Connecticut's average throughout the 1970s (1.70% vs. 2.06%), registered above Connecticut's average during the 1980s (6.62% vs. 4.08%), exceeded Connecticut's average throughout the 1990s (2.63% vs. 2.63%), surpassed Connecticut's average in the 2000s (2.29% vs. 2.17%), registered above Connecticut's average throughout the 2010s (0.33% vs. -0.25%), and exceeded Connecticut's average over the 3 year period of the current decade, 2020-2022 (0.04% vs. -0.41%).
Finally, relative to nationwide real total industry earnings growth trends, Tolland County posted below the nation in the 1970s (1.70% vs. 3.13%), outpaced the nation throughout the 1980s (6.62% vs. 2.62%), trailed the nation over the 1990s (2.63% vs. 3.43%), led the nation over the 2000s (2.29% vs. 1.47%), recorded underneath the nation throughout the 2010s (0.33% vs. 2.53%), and fell under the nation over 2020-2022 (0.04% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.56
1.70
6.62
2.63
2.29
0.33
0.04
-0.26
 
1.99
2.06
4.08
2.63
2.17
-0.25
-0.41
-0.70
 
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.

   
 
Tolland County:
Total Industry Earnings, 1969-2022
 
1969
 
174,175
0.189
922,391
100.0
N
1.55
1970
 
186,937
0.198
945,750
102.5
2.53
1.58
1971
 
207,881
0.206
1,008,886
109.4
6.68
1.70
1972
 
219,039
0.213
1,027,966
111.4
1.89
1.65
1973
 
242,220
0.225
1,078,691
116.9
4.93
1.65
1974
 
255,679
0.248
1,031,255
111.8
-4.40
1.61
1975
 
264,002
0.269
982,882
106.6
-4.69
1.59
1976
 
284,809
0.283
1,005,220
109.0
2.27
1.58
1977
 
307,131
0.302
1,017,799
110.3
1.25
1.53
1978
 
342,921
0.323
1,062,464
115.2
4.39
1.52
1979
 
381,287
0.351
1,084,959
117.6
2.12
1.50
1980
 
417,771
0.389
1,073,189
116.3
-1.08
1.48
1981
 
454,959
0.424
1,072,637
116.3
-0.05
1.47
1982
 
490,318
0.448
1,095,169
118.7
2.10
1.48
1983
 
554,657
0.467
1,188,313
128.8
8.51
1.55
1984
 
628,940
0.484
1,298,417
140.8
9.27
1.56
1985
 
707,719
0.501
1,411,824
153.1
8.73
1.62
1986
 
794,074
0.512
1,550,350
168.1
9.81
1.67
1987
 
930,289
0.528
1,761,844
191.0
13.64
1.76
1988
 
1,090,037
0.549
1,986,762
215.4
12.77
1.86
1989
 
1,166,200
0.573
2,036,639
220.8
2.51
1.89
1990
 
1,209,009
0.598
2,022,600
219.3
-0.69
1.90
1991
 
1,223,506
0.618
1,980,616
214.7
-2.08
1.90
1992
 
1,283,859
0.634
2,024,376
219.5
2.21
1.89
1993
 
1,343,482
0.650
2,066,895
224.1
2.10
1.91
1994
 
1,382,023
0.664
2,082,740
225.8
0.77
1.90
1995
 
1,458,710
0.678
2,152,950
233.4
3.37
1.92
1996
 
1,515,346
0.692
2,189,711
237.4
1.71
1.91
1997
 
1,597,548
0.704
2,269,019
246.0
3.62
1.85
1998
 
1,761,216
0.710
2,481,739
269.1
9.38
1.90
1999
 
1,892,431
0.720
2,628,340
284.9
5.91
1.89
2000
 
1,981,822
0.738
2,684,595
291.0
2.14
1.80
2001
 
2,285,327
0.753
3,034,882
329.0
13.05
1.95
2002
 
2,385,737
0.763
3,127,154
339.0
3.04
2.03
2003
 
2,409,517
0.779
3,093,328
335.4
-1.08
2.03
2004
 
2,459,381
0.798
3,080,889
334.0
-0.40
1.98
2005
 
2,454,474
0.821
2,988,632
324.0
-2.99
1.90
2006
 
2,571,524
0.844
3,045,386
330.2
1.90
1.89
2007
 
2,738,253
0.866
3,161,699
342.8
3.82
1.91
2008
 
2,891,040
0.892
3,242,167
351.5
2.55
1.92
2009
 
2,909,671
0.889
3,272,198
354.8
0.93
1.90
2010
 
2,999,142
0.905
3,313,456
359.2
1.26
1.91
2011
 
3,075,688
0.928
3,314,176
359.3
0.02
1.94
2012
 
3,036,242
0.945
3,211,799
348.2
-3.09
1.95
2013
 
3,041,223
0.958
3,175,184
344.2
-1.14
1.96
2014
 
3,128,824
0.971
3,221,573
349.3
1.46
1.97
2015
 
3,219,237
0.973
3,308,602
358.7
2.70
1.98
2016
 
3,271,554
0.983
3,328,674
360.9
0.61
1.98
2017
 
3,379,670
1.000
3,379,670
366.4
1.53
2.02
2018
 
3,491,846
1.020
3,421,802
371.0
1.25
2.05
2019
 
3,497,299
1.035
3,378,608
366.3
-1.26
2.02
2020
 
3,543,310
1.046
3,386,353
367.1
0.23
2.05
2021
 
3,696,534
1.090
3,391,284
367.7
0.15
2.04
2022
 
3,925,006
1.160
3,382,372
366.7
-0.26
2.05
Source: Calculations by the Connecticut Regional Economic Analysis Project (CT-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.

   
 
Connecticut:
Total Industry Earnings, 1969-2022
 
1969
 
11,216,107
0.189
59,397,908
100.0
N
1.72
1970
 
11,805,244
0.198
59,725,003
100.6
0.55
1.70
1971
 
12,214,542
0.206
59,279,505
99.8
-0.75
1.65
1972
 
13,284,473
0.213
62,345,002
105.0
5.17
1.62
1973
 
14,713,869
0.225
65,526,025
110.3
5.10
1.60
1974
 
15,915,596
0.248
64,193,910
108.1
-2.03
1.60
1975
 
16,562,589
0.269
61,662,655
103.8
-3.94
1.56
1976
 
18,028,462
0.283
63,630,614
107.1
3.19
1.54
1977
 
20,062,407
0.302
66,484,647
111.9
4.49
1.54
1978
 
22,589,799
0.323
69,989,463
117.8
5.27
1.53
1979
 
25,468,875
0.351
72,472,114
122.0
3.55
1.55
1980
 
28,315,015
0.389
72,736,886
122.5
0.37
1.59
1981
 
31,034,652
0.424
73,169,049
123.2
0.59
1.58
1982
 
33,122,451
0.448
73,981,933
124.6
1.11
1.61
1983
 
35,734,569
0.467
76,558,765
128.9
3.48
1.63
1984
 
40,227,797
0.484
83,048,364
139.8
8.48
1.65
1985
 
43,804,516
0.501
87,385,326
147.1
5.22
1.67
1986
 
47,589,853
0.512
92,914,452
156.4
6.33
1.71
1987
 
52,884,396
0.528
100,156,047
168.6
7.79
1.77
1988
 
58,459,077
0.549
106,550,765
179.4
6.38
1.79
1989
 
61,642,269
0.573
107,651,401
181.2
1.03
1.78
1990
 
63,504,193
0.598
106,238,717
178.9
-1.31
1.73
1991
 
64,366,299
0.618
104,196,424
175.4
-1.92
1.70
1992
 
67,768,010
0.634
106,855,897
179.9
2.55
1.67
1993
 
70,456,081
0.650
108,393,971
182.5
1.44
1.66
1994
 
72,754,526
0.664
109,642,724
184.6
1.15
1.63
1995
 
76,025,934
0.678
112,208,776
188.9
2.34
1.63
1996
 
79,513,120
0.692
114,898,371
193.4
2.40
1.60
1997
 
86,175,406
0.704
122,396,077
206.1
6.53
1.63
1998
 
92,892,670
0.710
130,895,585
220.4
6.94
1.63
1999
 
100,032,956
0.720
138,932,731
233.9
6.14
1.64
2000
 
109,881,377
0.738
148,846,383
250.6
7.14
1.67
2001
 
116,958,673
0.753
155,319,478
261.5
4.35
1.70
2002
 
117,712,787
0.763
154,294,461
259.8
-0.66
1.68
2003
 
118,986,571
0.779
152,754,475
257.2
-1.00
1.64
2004
 
123,959,523
0.798
155,285,208
261.4
1.66
1.62
2005
 
129,180,872
0.821
157,294,035
264.8
1.29
1.61
2006
 
135,796,525
0.844
160,820,139
270.8
2.24
1.59
2007
 
143,100,961
0.866
165,230,248
278.2
2.74
1.61
2008
 
150,416,501
0.892
168,685,097
284.0
2.09
1.67
2009
 
152,760,819
0.889
171,793,861
289.2
1.84
1.76
2010
 
156,788,166
0.905
173,219,796
291.6
0.83
1.74
2011
 
158,715,790
0.928
171,022,574
287.9
-1.27
1.68
2012
 
155,966,148
0.945
164,984,183
277.8
-3.53
1.58
2013
 
154,846,421
0.958
161,667,158
272.2
-2.01
1.52
2014
 
159,069,939
0.971
163,785,318
275.7
1.31
1.50
2015
 
162,409,562
0.973
166,918,018
281.0
1.91
1.47
2016
 
165,345,880
0.983
168,232,754
283.2
0.79
1.46
2017
 
167,495,874
1.000
167,495,874
282.0
-0.44
1.41
2018
 
170,639,822
1.020
167,216,892
281.5
-0.17
1.37
2019
 
173,150,634
1.035
167,274,288
281.6
0.03
1.33
2020
 
172,593,591
1.046
164,948,240
277.7
-1.39
1.31
2021
 
181,357,886
1.090
166,381,855
280.1
0.87
1.27
2022
 
191,721,257
1.160
165,215,702
278.2
-0.70
1.26
Source: Calculations by the Connecticut Regional Economic Analysis Project (CT-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 Connecticut Regional Economic Analysis Project (CT-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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