Perry County vs. Ohio
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Perry County vs. Ohio
Perry County:
2022 Earnings = $510,237K
2022 Percent of State = 0.11%
Ohio:
2022 Earnings = $471,244,916K
2022 Percent of U.S. = 3.10%
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.
Perry County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Perry County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Perry 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 Perry County over time.
When measured in current dollars, Perry County's total industry earnings increased 1,058.29%, from $44M in 1970 to $510M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 97.29%, from $223M in 1970 to $440M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Perry County's and Ohio'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, Perry County's real total industry earnings rose from $213M in 1969 to $440M in 2022, for a net gain of $227M, or 106.71%. In comparison, Ohio's real total industry earnings advanced from $189,815M in 1969 to $406,095M in 2022, for a net advance of $216,280M, or 113.94%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Perry County's real total industry earnings growth in a broader context by offering direct comparisons across time with Ohio, 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.
Perry County's overall real total industry earnings growth was 106.71% over 1969-2022 trailed Ohio's increase of 113.94%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Ohio Total: 1969-2022
Total Industry Earnings as a Percent of the Ohio Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Perry County is to compare its individual percentage contributions to Ohio'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 Ohio's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Perry County's total industry earnings comprised 0.11% of Ohio's total industry earnings, while in 2022 it totaled 0.11% thereby yielding a 0.00% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
0.00%
=
0.11%
-
0.11%
 
   
Perry County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Perry County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Perry 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, Perry County's real total industry earnings grew at an annual rate of 1.50% over 1970-2022. The county recorded its highest growth in 2017 (18.79%) and recorded its lowest growth in 1991 (-8.17%). In 2022, Perry County's real total industry earnings declined by -0.68%
Perry County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Perry 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 illustrates the annual percent change in Perry 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, Perry County's annual real total industry earnings growth rate averaged 3.02%. It averaged 0.47% throughout the 1980s, 1.59% during the 1990s, 0.53% in the 2000s, 2.73% throughout the 2010s, -1.35% 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 Perry County noted in the previous graph with the corresponding decade averages for Ohio and the nation. As the chart reveals, Perry County's average annual real total industry earnings growth outpaced Ohio's average during the 1970s (3.02% vs. 1.95%), lagged Ohio's average in the 1980s (0.47% vs. 1.14%), recorded under Ohio's average during the 1990s (1.59% vs. 2.68%), recorded above Ohio's average in the 2000s (0.53% vs. 0.07%), exceeded Ohio's average in the 2010s (2.73% vs. 1.87%), and amounted to less than Ohio's average over the 3 year period of the current decade, 2020-2022 (-1.35% vs. 0.49%).
Finally, relative to nationwide real total industry earnings growth trends, Perry County posted below the nation during the 1970s (3.02% vs. 3.13%), recorded underneath the nation in the 1980s (0.47% vs. 2.62%), trailed the nation over the 1990s (1.59% vs. 3.43%), fell below the nation over the 2000s (0.53% vs. 1.47%), outgained the nation over the 2010s (2.73% vs. 2.53%), and fell below the nation over 2020-2022 (-1.35% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.50
3.02
0.47
1.59
0.53
2.73
-1.35
-0.68
 
1.48
1.95
1.14
2.68
0.07
1.87
0.49
-0.79
 
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.

   
 
Perry County:
Total Industry Earnings, 1969-2022
 
1969
 
40,166
0.189
212,710
100.0
N
0.11
1970
 
44,051
0.198
222,862
104.8
4.77
0.12
1971
 
44,768
0.206
217,268
102.1
-2.51
0.11
1972
 
50,071
0.213
234,987
110.5
8.16
0.12
1973
 
57,743
0.225
257,150
120.9
9.43
0.12
1974
 
58,624
0.248
236,454
111.2
-8.05
0.11
1975
 
65,560
0.269
244,080
114.7
3.23
0.12
1976
 
70,243
0.283
247,919
116.6
1.57
0.12
1977
 
77,664
0.302
257,370
121.0
3.81
0.12
1978
 
86,893
0.323
269,219
126.6
4.60
0.12
1979
 
99,514
0.351
283,169
133.1
5.18
0.12
1980
 
104,372
0.389
268,115
126.0
-5.32
0.12
1981
 
111,533
0.424
262,957
123.6
-1.92
0.12
1982
 
114,512
0.448
255,773
120.2
-2.73
0.13
1983
 
123,527
0.467
264,648
124.4
3.47
0.13
1984
 
136,381
0.484
281,552
132.4
6.39
0.13
1985
 
143,264
0.501
285,796
134.4
1.51
0.13
1986
 
148,961
0.512
290,832
136.7
1.76
0.12
1987
 
147,225
0.528
278,825
131.1
-4.13
0.12
1988
 
149,218
0.549
271,973
127.9
-2.46
0.11
1989
 
168,392
0.573
294,078
138.3
8.13
0.12
1990
 
176,998
0.598
296,107
139.2
0.69
0.12
1991
 
167,973
0.618
271,915
127.8
-8.17
0.11
1992
 
180,041
0.634
283,887
133.5
4.40
0.11
1993
 
186,173
0.650
286,420
134.7
0.89
0.11
1994
 
207,038
0.664
312,011
146.7
8.93
0.11
1995
 
219,873
0.678
324,517
152.6
4.01
0.11
1996
 
226,389
0.692
327,138
153.8
0.81
0.11
1997
 
241,495
0.704
342,999
161.3
4.85
0.11
1998
 
247,611
0.710
348,910
164.0
1.72
0.11
1999
 
245,697
0.720
341,241
160.4
-2.20
0.10
2000
 
250,985
0.738
339,987
159.8
-0.37
0.10
2001
 
273,061
0.753
362,621
170.5
6.66
0.11
2002
 
297,350
0.763
389,758
183.2
7.48
0.11
2003
 
305,676
0.779
392,426
184.5
0.68
0.11
2004
 
310,808
0.798
389,352
183.0
-0.78
0.11
2005
 
317,288
0.821
386,338
181.6
-0.77
0.11
2006
 
327,186
0.844
387,477
182.2
0.29
0.11
2007
 
317,258
0.866
366,319
172.2
-5.46
0.10
2008
 
319,411
0.892
358,205
168.4
-2.22
0.10
2009
 
317,685
0.889
357,267
168.0
-0.26
0.11
2010
 
340,012
0.905
375,646
176.6
5.14
0.11
2011
 
357,330
0.928
385,037
181.0
2.50
0.11
2012
 
347,471
0.945
367,562
172.8
-4.54
0.10
2013
 
366,131
0.958
382,258
179.7
4.00
0.11
2014
 
367,497
0.971
378,391
177.9
-1.01
0.10
2015
 
346,940
0.973
356,571
167.6
-5.77
0.09
2016
 
368,760
0.983
375,198
176.4
5.22
0.10
2017
 
445,685
1.000
445,685
209.5
18.79
0.11
2018
 
476,972
1.020
467,404
219.7
4.87
0.12
2019
 
474,379
1.035
458,280
215.4
-1.95
0.11
2020
 
459,021
1.046
438,688
206.2
-4.28
0.11
2021
 
482,537
1.090
442,690
208.1
0.91
0.11
2022
 
510,237
1.160
439,696
206.7
-0.68
0.11
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-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.

   
 
Ohio:
Total Industry Earnings, 1969-2022
 
1969
 
35,842,808
0.189
189,815,220
100.0
N
5.48
1970
 
37,169,979
0.198
188,050,081
99.1
-0.93
5.36
1971
 
39,049,787
0.206
189,516,074
99.8
0.78
5.26
1972
 
42,547,164
0.213
199,676,948
105.2
5.36
5.19
1973
 
47,515,685
0.225
211,604,030
111.5
5.97
5.17
1974
 
51,227,604
0.248
206,621,240
108.9
-2.35
5.15
1975
 
53,001,347
0.269
197,324,449
104.0
-4.50
5.00
1976
 
58,820,082
0.283
207,602,732
109.4
5.21
5.01
1977
 
65,718,128
0.302
217,782,768
114.7
4.90
5.04
1978
 
73,130,390
0.323
226,578,232
119.4
4.04
4.95
1979
 
80,435,303
0.351
228,880,013
120.6
1.02
4.88
1980
 
83,894,784
0.389
215,512,700
113.5
-5.84
4.70
1981
 
89,320,865
0.424
210,587,917
110.9
-2.29
4.55
1982
 
90,318,359
0.448
201,734,067
106.3
-4.20
4.40
1983
 
95,229,885
0.467
204,023,235
107.5
1.13
4.35
1984
 
106,678,371
0.484
220,232,397
116.0
7.94
4.39
1985
 
113,903,546
0.501
227,225,395
119.7
3.18
4.35
1986
 
119,629,367
0.512
233,564,433
123.0
2.79
4.29
1987
 
126,623,982
0.528
239,809,064
126.3
2.67
4.23
1988
 
136,896,132
0.549
249,514,503
131.5
4.05
4.20
1989
 
145,654,241
0.573
254,369,014
134.0
1.95
4.20
1990
 
153,275,603
0.598
256,420,917
135.1
0.81
4.17
1991
 
156,786,335
0.618
253,806,351
133.7
-1.02
4.14
1992
 
167,858,269
0.634
264,677,182
139.4
4.28
4.14
1993
 
175,267,189
0.650
269,641,829
142.1
1.88
4.14
1994
 
186,265,239
0.664
280,705,948
147.9
4.10
4.18
1995
 
193,879,348
0.678
286,151,885
150.8
1.94
4.15
1996
 
202,348,485
0.692
292,398,429
154.0
2.18
4.08
1997
 
214,221,279
0.704
304,261,336
160.3
4.06
4.05
1998
 
227,490,743
0.710
320,558,489
168.9
5.36
3.99
1999
 
238,238,407
0.720
330,882,081
174.3
3.22
3.91
2000
 
249,957,751
0.738
338,595,203
178.4
2.33
3.79
2001
 
255,678,501
0.753
339,537,464
178.9
0.28
3.72
2002
 
260,080,921
0.763
340,906,425
179.6
0.40
3.71
2003
 
268,238,406
0.779
344,363,373
181.4
1.01
3.70
2004
 
280,150,739
0.798
350,947,347
184.9
1.91
3.65
2005
 
285,960,312
0.821
348,192,814
183.4
-0.78
3.56
2006
 
297,124,129
0.844
351,876,041
185.4
1.06
3.49
2007
 
305,326,636
0.866
352,542,677
185.7
0.19
3.44
2008
 
308,875,009
0.892
346,388,930
182.5
-1.75
3.43
2009
 
295,714,148
0.889
332,558,280
175.2
-3.99
3.40
2010
 
304,002,535
0.905
335,862,447
176.9
0.99
3.37
2011
 
320,788,840
0.928
345,662,730
182.1
2.92
3.40
2012
 
333,245,896
0.945
352,514,329
185.7
1.98
3.38
2013
 
345,199,656
0.958
360,405,149
189.9
2.24
3.39
2014
 
355,784,012
0.971
366,330,672
193.0
1.64
3.35
2015
 
367,721,929
0.973
377,929,813
199.1
3.17
3.33
2016
 
374,109,439
0.983
380,641,243
200.5
0.72
3.31
2017
 
388,338,866
1.000
388,338,866
204.6
2.02
3.28
2018
 
401,790,815
1.020
393,731,139
207.4
1.39
3.23
2019
 
414,325,440
1.035
400,264,160
210.9
1.66
3.19
2020
 
419,057,596
1.046
400,494,668
211.0
0.06
3.18
2021
 
446,170,298
1.090
409,326,793
215.6
2.21
3.12
2022
 
471,244,916
1.160
406,095,082
213.9
-0.79
3.10
Source: Calculations by the Ohio Regional Economic Analysis Project (OH-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 Ohio Regional Economic Analysis Project (OH-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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