Grant County vs. Kansas
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Grant County vs. Kansas
Grant County:
2022 Earnings = $197,928K
2022 Percent of State = 0.16%
Kansas:
2022 Earnings = $124,180,903K
2022 Percent of U.S. = 0.82%
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.
Grant County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Grant County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Grant 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 Grant County over time.
When measured in current dollars, Grant County's total industry earnings increased 617.36%, from $28M in 1970 to $198M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 22.19%, from $140M in 1970 to $171M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Grant County's and Kansas' annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Grant County's real total industry earnings rose from $122M in 1969 to $171M in 2022, for a net gain of $48M, or 39.58%. In comparison, Kansas' real total industry earnings advanced from $33,073M in 1969 to $107,013M in 2022, for a net advance of $73,940M, or 223.56%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Grant County's real total industry earnings growth in a broader context by offering direct comparisons across time with Kansas, 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.
Grant County's overall real total industry earnings growth was 39.58% over 1969-2022 trailed Kansas' increase of 223.56%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Kansas Total: 1969-2022
Total Industry Earnings as a Percent of the Kansas Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Grant County is to trace its individual percentage contributions to Kansas' 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 Kansas' total industry earnings, while a declining share shows it grew more slowly.
In 1969, Grant County's total industry earnings comprised 0.37% of Kansas' total industry earnings, while in 2022 it totaled 0.16% thereby yielding a -0.21% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.21%
=
0.16%
-
0.37%
 
   
Grant County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Grant County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Grant 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, Grant County's real total industry earnings grew at an annual rate of 1.29% over 1970-2022. The county recorded its highest growth in 1976 (29.46%) and recorded its lowest growth in 1975 (-22.14%). In 2022, Grant County's real total industry earnings declined by -19.54%
Grant County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Grant 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 Grant 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, Grant County's annual real total industry earnings growth rate averaged 4.20%. It averaged 0.52% in the 1980s, 2.38% during the 1990s, 2.92% during the 2000s, -0.68% throughout the 2010s, -8.44% 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 Grant County noted in the previous graph with the corresponding decade averages for Kansas and the nation. As the chart reveals, Grant County's average annual real total industry earnings growth exceeded Kansas' average in the 1970s (4.20% vs. 3.69%), fell below Kansas' average in the 1980s (0.52% vs. 1.36%), trailed Kansas' average in the 1990s (2.38% vs. 3.37%), led Kansas' average in the 2000s (2.92% vs. 1.84%), trailed Kansas' average throughout the 2010s (-0.68% vs. 1.67%), and amounted to less than Kansas' average over the 3 year period of the current decade, 2020-2022 (-8.44% vs. 0.52%).
Finally, relative to nationwide real total industry earnings growth trends, Grant County outperformed the nation over the 1970s (4.20% vs. 3.13%), trailed the nation during the 1980s (0.52% vs. 2.62%), trailed the nation throughout the 1990s (2.38% vs. 3.43%), outpaced the nation in the 2000s (2.92% vs. 1.47%), fell under the nation throughout the 2010s (-0.68% vs. 2.53%), and trailed the nation over 2020-2022 (-8.44% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.29
4.20
0.52
2.38
2.92
-0.68
-8.44
-19.54
 
2.28
3.69
1.36
3.37
1.84
1.67
0.52
0.49
 
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.

   
 
Grant County:
Total Industry Earnings, 1969-2022
 
1969
 
23,074
0.189
122,195
100.0
N
0.37
1970
 
27,591
0.198
139,588
114.2
14.23
0.41
1971
 
27,081
0.206
131,429
107.6
-5.84
0.37
1972
 
29,864
0.213
140,154
114.7
6.64
0.36
1973
 
34,242
0.225
152,492
124.8
8.80
0.36
1974
 
39,348
0.248
158,706
129.9
4.08
0.39
1975
 
33,191
0.269
123,570
101.1
-22.14
0.31
1976
 
45,325
0.283
159,972
130.9
29.46
0.38
1977
 
42,091
0.302
139,485
114.1
-12.81
0.33
1978
 
55,956
0.323
173,367
141.9
24.29
0.39
1979
 
58,053
0.351
165,191
135.2
-4.72
0.35
1980
 
57,428
0.389
147,524
120.7
-10.70
0.33
1981
 
71,329
0.424
168,169
137.6
13.99
0.37
1982
 
63,001
0.448
140,718
115.2
-16.32
0.31
1983
 
57,734
0.467
123,691
101.2
-12.10
0.27
1984
 
64,055
0.484
132,238
108.2
6.91
0.27
1985
 
62,833
0.501
125,345
102.6
-5.21
0.25
1986
 
62,714
0.512
122,443
100.2
-2.32
0.24
1987
 
76,258
0.528
144,423
118.2
17.95
0.28
1988
 
87,269
0.549
159,061
130.2
10.14
0.30
1989
 
93,711
0.573
163,656
133.9
2.89
0.30
1990
 
103,152
0.598
172,567
141.2
5.45
0.31
1991
 
112,821
0.618
182,635
149.5
5.83
0.33
1992
 
114,643
0.634
180,768
147.9
-1.02
0.31
1993
 
136,423
0.650
209,882
171.8
16.11
0.35
1994
 
132,548
0.664
199,753
163.5
-4.83
0.33
1995
 
133,606
0.678
197,193
161.4
-1.28
0.32
1996
 
136,047
0.692
196,591
160.9
-0.31
0.30
1997
 
150,761
0.704
214,128
175.2
8.92
0.31
1998
 
147,815
0.710
208,287
170.5
-2.73
0.29
1999
 
146,483
0.720
203,446
166.5
-2.32
0.27
2000
 
144,785
0.738
196,127
160.5
-3.60
0.26
2001
 
162,048
0.753
215,197
176.1
9.72
0.28
2002
 
154,387
0.763
202,366
165.6
-5.96
0.26
2003
 
166,788
0.779
214,122
175.2
5.81
0.27
2004
 
161,182
0.798
201,914
165.2
-5.70
0.26
2005
 
199,948
0.821
243,462
199.2
20.58
0.30
2006
 
192,021
0.844
227,405
186.1
-6.60
0.27
2007
 
209,792
0.866
242,234
198.2
6.52
0.27
2008
 
231,895
0.892
260,059
212.8
7.36
0.28
2009
 
233,775
0.889
262,902
215.2
1.09
0.29
2010
 
265,193
0.905
292,986
239.8
11.44
0.32
2011
 
281,820
0.928
303,672
248.5
3.65
0.32
2012
 
289,685
0.945
306,435
250.8
0.91
0.31
2013
 
364,533
0.958
380,590
311.5
24.20
0.37
2014
 
345,799
0.971
356,050
291.4
-6.45
0.35
2015
 
292,637
0.973
300,761
246.1
-15.53
0.30
2016
 
317,297
0.983
322,837
264.2
7.34
0.32
2017
 
253,853
1.000
253,853
207.7
-21.37
0.25
2018
 
266,179
1.020
260,840
213.5
2.75
0.25
2019
 
232,839
1.035
224,937
184.1
-13.76
0.21
2020
 
234,043
1.046
223,676
183.0
-0.56
0.21
2021
 
231,056
1.090
211,976
173.5
-5.23
0.20
2022
 
197,928
1.160
170,564
139.6
-19.54
0.16
Source: Calculations by the Kansas Regional Economic Analysis Project (KS-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.

   
 
Kansas:
Total Industry Earnings, 1969-2022
 
1969
 
6,245,198
0.189
33,073,124
100.0
N
0.96
1970
 
6,690,128
0.198
33,846,646
102.3
2.34
0.96
1971
 
7,264,204
0.206
35,254,569
106.6
4.16
0.98
1972
 
8,215,074
0.213
38,553,942
116.6
9.36
1.00
1973
 
9,480,311
0.225
42,219,154
127.7
9.51
1.03
1974
 
10,087,948
0.248
40,688,694
123.0
-3.63
1.01
1975
 
10,817,483
0.269
40,273,578
121.8
-1.02
1.02
1976
 
11,848,311
0.283
41,818,060
126.4
3.83
1.01
1977
 
12,897,552
0.302
42,741,092
129.2
2.21
0.99
1978
 
14,339,974
0.323
44,429,217
134.3
3.95
0.97
1979
 
16,573,515
0.351
47,160,217
142.6
6.15
1.01
1980
 
17,482,872
0.389
44,910,789
135.8
-4.77
0.98
1981
 
19,379,585
0.424
45,690,404
138.1
1.74
0.99
1982
 
20,309,881
0.448
45,363,921
137.2
-0.71
0.99
1983
 
21,150,620
0.467
45,313,694
137.0
-0.11
0.97
1984
 
23,500,357
0.484
48,515,364
146.7
7.07
0.97
1985
 
24,656,942
0.501
49,187,963
148.7
1.39
0.94
1986
 
26,120,784
0.512
50,998,231
154.2
3.68
0.94
1987
 
27,662,642
0.528
52,389,383
158.4
2.73
0.92
1988
 
29,237,025
0.549
53,289,028
161.1
1.72
0.90
1989
 
30,767,702
0.573
53,732,387
162.5
0.83
0.89
1990
 
32,969,627
0.598
55,156,214
166.8
2.65
0.90
1991
 
34,001,290
0.618
55,041,425
166.4
-0.21
0.90
1992
 
36,969,895
0.634
58,293,748
176.3
5.91
0.91
1993
 
38,706,944
0.650
59,549,145
180.1
2.15
0.91
1994
 
40,652,949
0.664
61,264,918
185.2
2.88
0.91
1995
 
41,996,385
0.678
61,983,625
187.4
1.17
0.90
1996
 
45,020,069
0.692
65,055,083
196.7
4.96
0.91
1997
 
48,063,718
0.704
68,265,539
206.4
4.93
0.91
1998
 
51,247,463
0.710
72,213,089
218.3
5.78
0.90
1999
 
53,778,182
0.720
74,690,882
225.8
3.43
0.88
2000
 
56,072,632
0.738
75,956,533
229.7
1.69
0.85
2001
 
58,081,418
0.753
77,131,309
233.2
1.55
0.85
2002
 
58,870,743
0.763
77,166,039
233.3
0.05
0.84
2003
 
60,831,869
0.779
78,095,706
236.1
1.20
0.84
2004
 
62,930,696
0.798
78,833,848
238.4
0.95
0.82
2005
 
66,169,020
0.821
80,569,143
243.6
2.20
0.82
2006
 
71,889,012
0.844
85,136,206
257.4
5.67
0.84
2007
 
76,476,357
0.866
88,302,743
267.0
3.72
0.86
2008
 
82,101,198
0.892
92,072,668
278.4
4.27
0.91
2009
 
79,533,495
0.889
89,442,871
270.4
-2.86
0.92
2010
 
81,798,298
0.905
90,370,880
273.2
1.04
0.91
2011
 
87,783,520
0.928
94,590,233
286.0
4.67
0.93
2012
 
92,491,937
0.945
97,839,864
295.8
3.44
0.94
2013
 
97,722,251
0.958
102,026,760
308.5
4.28
0.96
2014
 
97,559,328
0.971
100,451,322
303.7
-1.54
0.92
2015
 
99,008,728
0.973
101,757,190
307.7
1.30
0.90
2016
 
98,569,520
0.983
100,290,505
303.2
-1.44
0.87
2017
 
101,249,379
1.000
101,249,379
306.1
0.96
0.85
2018
 
105,164,549
1.020
103,055,013
311.6
1.78
0.85
2019
 
109,063,326
1.035
105,361,960
318.6
2.24
0.84
2020
 
111,228,501
1.046
106,301,430
321.4
0.89
0.85
2021
 
116,071,277
1.090
106,486,433
322.0
0.17
0.81
2022
 
124,180,903
1.160
107,012,834
323.6
0.49
0.82
Source: Calculations by the Kansas Regional Economic Analysis Project (KS-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 Kansas Regional Economic Analysis Project (KS-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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