Miami County vs. Kansas
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Miami County vs. Kansas
Miami County:
2022 Earnings = $736,862K
2022 Percent of State = 0.59%
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.
Miami County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Miami County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Miami 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 Miami County over time.
When measured in current dollars, Miami County's total industry earnings increased 1,846.90%, from $38M in 1970 to $737M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 231.62%, from $191M in 1970 to $635M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Miami 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, Miami County's real total industry earnings rose from $192M in 1969 to $635M in 2022, for a net gain of $443M, or 230.32%. In comparison, Kansas' real total industry earnings increased 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 portrays Miami 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.
Miami County's overall real total industry earnings growth was 230.32% over 1969-2022 outpaced 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 Miami 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, Miami County's total industry earnings comprised 0.58% of Kansas' total industry earnings, while in 2022 it comprised 0.59% thereby yielding a +0.01% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+0.01%
=
0.59%
-
0.58%
 
   
Miami County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Miami County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Miami 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, Miami County's real total industry earnings grew at an annual rate of 2.45% over 1970-2022. The county recorded its highest growth in 1985 (20.13%) and recorded its lowest growth in 1982 (-12.29%). In 2022, Miami County's real total industry earnings declined by -2.27%
Miami County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Miami 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 Miami 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, Miami County's annual real total industry earnings growth rate averaged 4.42%. It averaged -0.34% during the 1980s, 2.82% throughout the 1990s, 2.62% in the 2000s, 2.54% throughout the 2010s, 3.10% 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 Miami County noted in the previous graph with the corresponding decade averages for Kansas and the nation. As the chart reveals, Miami County's average annual real total industry earnings growth surpassed Kansas' average throughout the 1970s (4.42% vs. 3.69%), trailed Kansas' average during the 1980s (-0.34% vs. 1.36%), lagged Kansas' average throughout the 1990s (2.82% vs. 3.37%), topped Kansas' average during the 2000s (2.62% vs. 1.84%), outpaced Kansas' average during the 2010s (2.54% vs. 1.67%), and surpassed Kansas' average over the 3 year period of the current decade, 2020-2022 (3.10% vs. 0.52%).
Finally, relative to nationwide real total industry earnings growth trends, Miami County outperformed the nation in the 1970s (4.42% vs. 3.13%), posted below the nation in the 1980s (-0.34% vs. 2.62%), trailed the nation throughout the 1990s (2.82% vs. 3.43%), registered above the nation in the 2000s (2.62% vs. 1.47%), surpassed the nation throughout the 2010s (2.54% vs. 2.53%), and outgained the nation over 2020-2022 (3.10% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.45
4.42
-0.34
2.82
2.62
2.54
3.10
-2.27
 
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.

   
 
Miami County:
Total Industry Earnings, 1969-2022
 
1969
 
36,300
0.189
192,236
100.0
N
0.58
1970
 
37,848
0.198
191,480
99.6
-0.39
0.57
1971
 
45,031
0.206
218,544
113.7
14.13
0.62
1972
 
51,247
0.213
240,506
125.1
10.05
0.62
1973
 
55,944
0.225
249,138
129.6
3.59
0.59
1974
 
57,717
0.248
232,796
121.1
-6.56
0.57
1975
 
68,969
0.269
256,772
133.6
10.30
0.64
1976
 
71,830
0.283
253,521
131.9
-1.27
0.61
1977
 
84,128
0.302
278,791
145.0
9.97
0.65
1978
 
89,129
0.323
276,146
143.6
-0.95
0.62
1979
 
102,242
0.351
290,931
151.3
5.35
0.62
1980
 
99,767
0.389
256,286
133.3
-11.91
0.57
1981
 
112,944
0.424
266,283
138.5
3.90
0.58
1982
 
104,560
0.448
233,544
121.5
-12.29
0.51
1983
 
101,802
0.467
218,104
113.5
-6.61
0.48
1984
 
114,054
0.484
235,459
122.5
7.96
0.49
1985
 
141,792
0.501
282,860
147.1
20.13
0.58
1986
 
142,771
0.512
278,746
145.0
-1.45
0.55
1987
 
147,167
0.528
278,715
145.0
-0.01
0.53
1988
 
145,191
0.549
264,633
137.7
-5.05
0.50
1989
 
154,494
0.573
269,807
140.4
1.95
0.50
1990
 
158,394
0.598
264,984
137.8
-1.79
0.48
1991
 
156,163
0.618
252,797
131.5
-4.60
0.46
1992
 
172,026
0.634
271,249
141.1
7.30
0.47
1993
 
175,201
0.650
269,540
140.2
-0.63
0.45
1994
 
180,994
0.664
272,762
141.9
1.20
0.45
1995
 
196,538
0.678
290,076
150.9
6.35
0.47
1996
 
219,566
0.692
317,278
165.0
9.38
0.49
1997
 
237,600
0.704
337,466
175.5
6.36
0.49
1998
 
235,643
0.710
332,046
172.7
-1.61
0.46
1999
 
253,947
0.720
352,699
183.5
6.22
0.47
2000
 
260,876
0.738
353,385
183.8
0.19
0.47
2001
 
297,667
0.753
395,298
205.6
11.86
0.51
2002
 
319,847
0.763
419,246
218.1
6.06
0.54
2003
 
333,404
0.779
428,023
222.7
2.09
0.55
2004
 
357,837
0.798
448,266
233.2
4.73
0.57
2005
 
352,036
0.821
428,648
223.0
-4.38
0.53
2006
 
364,836
0.844
432,065
224.8
0.80
0.51
2007
 
390,537
0.866
450,930
234.6
4.37
0.51
2008
 
411,338
0.892
461,296
240.0
2.30
0.50
2009
 
402,907
0.889
453,107
235.7
-1.78
0.51
2010
 
420,272
0.905
464,317
241.5
2.47
0.51
2011
 
427,282
0.928
460,413
239.5
-0.84
0.49
2012
 
436,799
0.945
462,055
240.4
0.36
0.47
2013
 
456,155
0.958
476,248
247.7
3.07
0.47
2014
 
463,455
0.971
477,193
248.2
0.20
0.48
2015
 
481,356
0.973
494,718
257.3
3.67
0.49
2016
 
526,457
0.983
535,649
278.6
8.27
0.53
2017
 
548,988
1.000
548,988
285.6
2.49
0.54
2018
 
581,955
1.020
570,281
296.7
3.88
0.55
2019
 
601,062
1.035
580,663
302.1
1.82
0.55
2020
 
646,202
1.046
617,577
321.3
6.36
0.58
2021
 
708,237
1.090
649,753
338.0
5.21
0.61
2022
 
736,862
1.160
634,990
330.3
-2.27
0.59
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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