Introduction
Oxford County vs. Maine
Oxford County:
2022 Earnings = $1,268,271K
2022 Percent of State = 2.34%
Maine:
2022 Earnings = $54,138,243K
2022 Percent of U.S. = 0.36%
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.
Page 2 of 13
Oxford County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Oxford County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Oxford 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 Oxford County over time.
When measured in current dollars, Oxford County's total industry earnings increased 1,062.06%, from $109M in 1970 to $1,268M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 97.94%, from $552M in 1970 to $1,093M in 2022.
Page 3 of 13
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Oxford County's and Maine'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, Oxford County's real total industry earnings rose from $559M in 1969 to $1,093M in 2022, for a net gain of $534M, or 95.64%. In comparison, Maine's real total industry earnings increased from $13,811M in 1969 to $46,654M in 2022, for a net gain of $32,843M, or 237.81%.
Page 4 of 13
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Oxford County's real total industry earnings growth in a broader context by offering direct comparisons across time with Maine, 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.
Oxford County's overall real total industry earnings growth was 95.64% over 1969-2022 trailed Maine's increase of 237.81%, and fell below the United States' increase of 278.59%.
Page 5 of 13
Total Industry Earnings as a Percent of the Maine Total: 1969-2022
Total Industry Earnings as a Percent of the Maine Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Oxford County is to compare its individual percentage contributions to Maine'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 Maine's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Oxford County's total industry earnings comprised 4.05% of Maine's total industry earnings, while in 2022 it totaled 2.34% thereby yielding a -1.70% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-1.70%
=
2.34%
-
4.05%
 
   
Page 6 of 13
Oxford County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Oxford County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Oxford 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, Oxford County's real total industry earnings grew at an annual rate of 1.35% over 1970-2022. The county recorded its highest growth in 1976 (12.49%) and posted its lowest growth in 1982 (-7.19%). In 2022, Oxford County's real total industry earnings grew by 0.98%
Page 7 of 13
Oxford County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Oxford 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 traces the annual percent change in Oxford 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, Oxford County's annual real total industry earnings growth rate averaged 2.48%. It averaged 1.61% during the 1980s, 1.08% during the 1990s, 0.43% throughout the 2000s, 0.93% throughout the 2010s, 2.08% thus far this decade (2020-2022).
Page 8 of 13
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 Oxford County noted in the previous graph with the corresponding decade averages for Maine and the nation. As the chart reveals, Oxford County's average annual real total industry earnings growth recorded under Maine's average throughout the 1970s (2.48% vs. 3.02%), amounted to less than Maine's average during the 1980s (1.61% vs. 3.78%), lagged Maine's average throughout the 1990s (1.08% vs. 1.90%), amounted to less than Maine's average during the 2000s (0.43% vs. 1.42%), recorded under Maine's average in the 2010s (0.93% vs. 1.46%), and trailed Maine's average over the 3 year period of the current decade, 2020-2022 (2.08% vs. 3.20%).
Finally, relative to nationwide real total industry earnings growth trends, Oxford County fell under the nation over the 1970s (2.48% vs. 3.13%), fell under the nation throughout the 1980s (1.61% vs. 2.62%), recorded underneath the nation over the 1990s (1.08% vs. 3.43%), trailed the nation in the 2000s (0.43% vs. 1.47%), fell below the nation over the 2010s (0.93% vs. 2.53%), and surpassed the nation over 2020-2022 (2.08% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.35
2.48
1.61
1.08
0.43
0.93
2.08
0.98
 
2.37
3.02
3.78
1.90
1.42
1.46
3.20
1.06
 
2.57
3.13
2.62
3.43
1.47
2.53
1.48
0.05
 
   
Page 9 of 13

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

   
 
Oxford County:
Total Industry Earnings, 1969-2022
 
1969
 
105,490
0.189
558,651
100.0
N
4.05
1970
 
109,140
0.198
552,160
98.8
-1.16
3.88
1971
 
111,661
0.206
541,912
97.0
-1.86
3.76
1972
 
121,220
0.213
568,894
101.8
4.98
3.72
1973
 
136,941
0.225
609,846
109.2
7.20
3.74
1974
 
149,687
0.248
603,747
108.1
-1.00
3.75
1975
 
152,530
0.269
567,870
101.7
-5.94
3.67
1976
 
180,988
0.283
638,789
114.3
12.49
3.72
1977
 
190,893
0.302
632,599
113.2
-0.97
3.62
1978
 
216,190
0.323
669,817
119.9
5.88
3.69
1979
 
247,470
0.351
704,180
126.1
5.13
3.81
1980
 
286,552
0.389
736,108
131.8
4.53
4.02
1981
 
290,133
0.424
684,034
122.4
-7.07
3.77
1982
 
284,244
0.448
634,884
113.6
-7.19
3.49
1983
 
304,189
0.467
651,703
116.7
2.65
3.45
1984
 
331,202
0.484
683,751
122.4
4.92
3.38
1985
 
336,560
0.501
671,401
120.2
-1.81
3.17
1986
 
356,920
0.512
696,851
124.7
3.79
3.08
1987
 
400,656
0.528
758,789
135.8
8.89
3.15
1988
 
439,162
0.549
800,441
143.3
5.49
3.10
1989
 
467,134
0.573
815,798
146.0
1.92
3.06
1990
 
471,002
0.598
787,958
141.0
-3.41
2.98
1991
 
459,082
0.618
743,164
133.0
-5.68
2.92
1992
 
482,603
0.634
760,963
136.2
2.40
2.94
1993
 
500,534
0.650
770,052
137.8
1.19
2.95
1994
 
518,903
0.664
781,999
140.0
1.55
2.95
1995
 
534,122
0.678
788,325
141.1
0.81
2.96
1996
 
558,910
0.692
807,638
144.6
2.45
2.96
1997
 
582,257
0.704
826,987
148.0
2.40
2.93
1998
 
623,289
0.710
878,280
157.2
6.20
2.90
1999
 
650,992
0.720
904,143
161.8
2.94
2.82
2000
 
688,010
0.738
931,985
166.8
3.08
2.79
2001
 
717,058
0.753
952,243
170.5
2.17
2.75
2002
 
733,693
0.763
961,703
172.1
0.99
2.70
2003
 
770,619
0.779
989,318
177.1
2.87
2.73
2004
 
793,269
0.798
993,735
177.9
0.45
2.67
2005
 
825,115
0.821
1,004,682
179.8
1.10
2.72
2006
 
850,962
0.844
1,007,771
180.4
0.31
2.67
2007
 
873,274
0.866
1,008,318
180.5
0.05
2.68
2008
 
868,948
0.892
974,485
174.4
-3.36
2.63
2009
 
837,109
0.889
941,408
168.5
-3.39
2.56
2010
 
905,256
0.905
1,000,128
179.0
6.24
2.68
2011
 
887,546
0.928
956,366
171.2
-4.38
2.60
2012
 
883,810
0.945
934,912
167.4
-2.24
2.55
2013
 
880,355
0.958
919,133
164.5
-1.69
2.51
2014
 
908,516
0.971
935,448
167.4
1.77
2.51
2015
 
930,473
0.973
956,303
171.2
2.23
2.47
2016
 
945,263
0.983
961,767
172.2
0.57
2.44
2017
 
979,693
1.000
979,693
175.4
1.86
2.44
2018
 
1,017,933
1.020
997,514
178.6
1.82
2.42
2019
 
1,064,468
1.035
1,028,342
184.1
3.09
2.42
2020
 
1,076,100
1.046
1,028,432
184.1
0.01
2.35
2021
 
1,179,788
1.090
1,082,364
193.7
5.24
2.34
2022
 
1,268,271
1.160
1,092,932
195.6
0.98
2.34
Source: Calculations by the Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   
Page 10 of 13

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

   
 
Maine:
Total Industry Earnings, 1969-2022
 
1969
 
2,607,894
0.189
13,810,803
100.0
N
0.40
1970
 
2,810,078
0.198
14,216,726
102.9
2.94
0.41
1971
 
2,969,143
0.206
14,409,818
104.3
1.36
0.40
1972
 
3,255,441
0.213
15,278,022
110.6
6.03
0.40
1973
 
3,661,270
0.225
16,304,921
118.1
6.72
0.40
1974
 
3,990,858
0.248
16,096,713
116.6
-1.28
0.40
1975
 
4,157,357
0.269
15,477,874
112.1
-3.84
0.39
1976
 
4,868,702
0.283
17,183,856
124.4
11.02
0.41
1977
 
5,273,194
0.302
17,474,795
126.5
1.69
0.40
1978
 
5,862,016
0.323
18,162,151
131.5
3.93
0.40
1979
 
6,487,721
0.351
18,460,920
133.7
1.65
0.39
1980
 
7,121,544
0.389
18,294,143
132.5
-0.90
0.40
1981
 
7,700,701
0.424
18,155,608
131.5
-0.76
0.39
1982
 
8,148,360
0.448
18,200,085
131.8
0.24
0.40
1983
 
8,809,468
0.467
18,873,657
136.7
3.70
0.40
1984
 
9,786,303
0.484
20,203,355
146.3
7.05
0.40
1985
 
10,628,148
0.501
21,202,019
153.5
4.94
0.41
1986
 
11,570,257
0.512
22,589,775
163.6
6.55
0.42
1987
 
12,730,956
0.528
24,110,746
174.6
6.73
0.42
1988
 
14,153,301
0.549
25,796,593
186.8
6.99
0.43
1989
 
15,258,172
0.573
26,646,709
192.9
3.30
0.44
1990
 
15,803,548
0.598
26,438,391
191.4
-0.78
0.43
1991
 
15,724,966
0.618
25,455,638
184.3
-3.72
0.41
1992
 
16,424,299
0.634
25,897,665
187.5
1.74
0.40
1993
 
16,941,590
0.650
26,063,985
188.7
0.64
0.40
1994
 
17,598,285
0.664
26,521,015
192.0
1.75
0.39
1995
 
18,046,764
0.678
26,635,717
192.9
0.43
0.39
1996
 
18,855,746
0.692
27,247,007
197.3
2.29
0.38
1997
 
19,898,487
0.704
28,262,086
204.6
3.73
0.38
1998
 
21,468,191
0.710
30,250,949
219.0
7.04
0.38
1999
 
23,055,161
0.720
32,020,612
231.9
5.85
0.38
2000
 
24,661,701
0.738
33,406,980
241.9
4.33
0.37
2001
 
26,114,648
0.753
34,679,886
251.1
3.81
0.38
2002
 
27,173,257
0.763
35,617,906
257.9
2.70
0.39
2003
 
28,269,514
0.779
36,292,287
262.8
1.89
0.39
2004
 
29,745,048
0.798
37,261,889
269.8
2.67
0.39
2005
 
30,307,083
0.821
36,902,703
267.2
-0.96
0.38
2006
 
31,850,930
0.844
37,720,192
273.1
2.22
0.37
2007
 
32,534,124
0.866
37,565,236
272.0
-0.41
0.37
2008
 
33,019,307
0.892
37,029,614
268.1
-1.43
0.37
2009
 
32,715,979
0.889
36,792,185
266.4
-0.64
0.38
2010
 
33,774,756
0.905
37,314,400
270.2
1.42
0.37
2011
 
34,151,398
0.928
36,799,489
266.5
-1.38
0.36
2012
 
34,678,287
0.945
36,683,402
265.6
-0.32
0.35
2013
 
35,138,627
0.958
36,686,427
265.6
0.01
0.35
2014
 
36,191,629
0.971
37,264,473
269.8
1.58
0.34
2015
 
37,656,990
0.973
38,702,340
280.2
3.86
0.34
2016
 
38,677,005
0.983
39,352,290
284.9
1.68
0.34
2017
 
40,203,040
1.000
40,203,040
291.1
2.16
0.34
2018
 
41,990,903
1.020
41,148,591
297.9
2.35
0.34
2019
 
43,961,708
1.035
42,469,746
307.5
3.21
0.34
2020
 
45,796,137
1.046
43,767,513
316.9
3.06
0.35
2021
 
50,319,031
1.090
46,163,825
334.3
5.48
0.35
2022
 
54,138,243
1.160
46,653,605
337.8
1.06
0.36
Source: Calculations by the Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   
Page 11 of 13

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 Maine Regional Economic Analysis Project (ME-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Page 12 of 13
A Special Thanks to Our Hosts & Sponsors:


Page 13 of 13
Brought To You By:
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.