Bates County vs. Missouri
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Bates County vs. Missouri
Bates County:
2022 Earnings = $291,710K
2022 Percent of State = 0.12%
Missouri:
2022 Earnings = $246,009,141K
2022 Percent of U.S. = 1.62%
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.
Bates County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Bates County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Bates 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 Bates County over time.
When measured in current dollars, Bates County's total industry earnings increased 934.25%, from $28M in 1970 to $292M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 76.17%, from $143M in 1970 to $251M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Bates County's and Missouri'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, Bates County's real total industry earnings rose from $135M in 1969 to $251M in 2022, for a net gain of $117M, or 86.74%. In comparison, Missouri's real total industry earnings increased from $77,915M in 1969 to $211,998M in 2022, for a net gain of $134,083M, or 172.09%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Bates County's real total industry earnings growth in a broader context by offering direct comparisons across time with Missouri, 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.
Bates County's overall real total industry earnings growth was 86.74% over 1969-2022 trailed Missouri's increase of 172.09%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Missouri Total: 1969-2022
Total Industry Earnings as a Percent of the Missouri Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Bates County is to compare its individual percentage contributions to Missouri'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 Missouri's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Bates County's total industry earnings totaled 0.17% of Missouri's total industry earnings, while in 2022 it totaled 0.12% thereby yielding a -0.05% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.05%
=
0.12%
-
0.17%
 
   
Bates County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Bates County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Bates 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, Bates County's real total industry earnings grew at an annual rate of 1.73% over 1970-2022. The county recorded its highest growth in 1973 (30.34%) and recorded its lowest growth in 1974 (-32.07%). In 2022, Bates County's real total industry earnings declined by -2.59%
Bates County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Bates 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 Bates 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, Bates County's annual real total industry earnings growth rate averaged 4.08%. It averaged -1.53% in the 1980s, 3.44% during the 1990s, 1.62% in the 2000s, 1.15% throughout the 2010s, 1.33% 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 Bates County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Bates County's average annual real total industry earnings growth registered above Missouri's average in the 1970s (4.08% vs. 2.50%), recorded under Missouri's average in the 1980s (-1.53% vs. 1.80%), registered above Missouri's average throughout the 1990s (3.44% vs. 2.96%), topped Missouri's average in the 2000s (1.62% vs. 1.30%), amounted to less than Missouri's average during the 2010s (1.15% vs. 1.34%), and outgained Missouri's average over the 3 year period of the current decade, 2020-2022 (1.33% vs. 1.25%).
Finally, relative to nationwide real total industry earnings growth trends, Bates County outgained the nation over the 1970s (4.08% vs. 3.13%), posted below the nation during the 1980s (-1.53% vs. 2.62%), exceeded the nation over the 1990s (3.44% vs. 3.43%), outperformed the nation over the 2000s (1.62% vs. 1.47%), recorded underneath the nation during the 2010s (1.15% vs. 2.53%), and lagged the nation over 2020-2022 (1.33% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.73
4.08
-1.53
3.44
1.62
1.15
1.33
-2.59
 
1.94
2.50
1.80
2.96
1.30
1.34
1.25
0.48
 
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.

   
 
Bates County:
Total Industry Earnings, 1969-2022
 
1969
 
25,420
0.189
134,618
100.0
N
0.17
1970
 
28,205
0.198
142,695
106.0
6.00
0.18
1971
 
29,201
0.206
141,718
105.3
-0.68
0.17
1972
 
33,910
0.213
159,142
118.2
12.29
0.19
1973
 
46,577
0.225
207,424
154.1
30.34
0.23
1974
 
34,933
0.248
140,899
104.7
-32.07
0.16
1975
 
37,247
0.269
138,671
103.0
-1.58
0.17
1976
 
39,468
0.283
139,300
103.5
0.45
0.16
1977
 
43,509
0.302
144,184
107.1
3.51
0.16
1978
 
54,936
0.323
170,207
126.4
18.05
0.18
1979
 
62,517
0.351
177,893
132.1
4.52
0.18
1980
 
59,089
0.389
151,790
112.8
-14.67
0.16
1981
 
70,505
0.424
166,227
123.5
9.51
0.18
1982
 
61,523
0.448
137,417
102.1
-17.33
0.15
1983
 
58,334
0.467
124,976
92.8
-9.05
0.13
1984
 
66,789
0.484
137,883
102.4
10.33
0.14
1985
 
68,971
0.501
137,590
102.2
-0.21
0.13
1986
 
70,141
0.512
136,943
101.7
-0.47
0.13
1987
 
78,368
0.528
148,419
110.3
8.38
0.13
1988
 
81,128
0.549
147,868
109.8
-0.37
0.13
1989
 
83,511
0.573
145,843
108.3
-1.37
0.12
1990
 
76,012
0.598
127,164
94.5
-12.81
0.11
1991
 
78,064
0.618
126,370
93.9
-0.62
0.11
1992
 
96,022
0.634
151,406
112.5
19.81
0.12
1993
 
91,461
0.650
140,709
104.5
-7.07
0.11
1994
 
99,318
0.664
149,674
111.2
6.37
0.12
1995
 
94,877
0.678
140,032
104.0
-6.44
0.11
1996
 
122,271
0.692
176,685
131.2
26.17
0.13
1997
 
128,597
0.704
182,648
135.7
3.38
0.13
1998
 
129,850
0.710
182,972
135.9
0.18
0.12
1999
 
138,883
0.720
192,890
143.3
5.42
0.12
2000
 
144,962
0.738
196,367
145.9
1.80
0.12
2001
 
147,067
0.753
195,303
145.1
-0.54
0.12
2002
 
139,231
0.763
182,500
135.6
-6.56
0.11
2003
 
155,837
0.779
200,063
148.6
9.62
0.12
2004
 
185,886
0.798
232,861
173.0
16.39
0.13
2005
 
178,494
0.821
217,339
161.4
-6.67
0.12
2006
 
176,816
0.844
209,398
155.5
-3.65
0.12
2007
 
179,883
0.866
207,700
154.3
-0.81
0.12
2008
 
188,743
0.892
211,666
157.2
1.91
0.12
2009
 
197,128
0.889
221,689
164.7
4.74
0.12
2010
 
195,417
0.905
215,897
160.4
-2.61
0.12
2011
 
207,715
0.928
223,821
166.3
3.67
0.13
2012
 
217,658
0.945
230,243
171.0
2.87
0.13
2013
 
234,807
0.958
245,150
182.1
6.47
0.13
2014
 
242,681
0.971
249,875
185.6
1.93
0.13
2015
 
203,209
0.973
208,850
155.1
-16.42
0.11
2016
 
223,888
0.983
227,797
169.2
9.07
0.12
2017
 
237,776
1.000
237,776
176.6
4.38
0.12
2018
 
234,125
1.020
229,429
170.4
-3.51
0.12
2019
 
250,867
1.035
242,353
180.0
5.63
0.12
2020
 
273,128
1.046
261,029
193.9
7.71
0.13
2021
 
281,305
1.090
258,076
191.7
-1.13
0.12
2022
 
291,710
1.160
251,381
186.7
-2.59
0.12
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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.

   
 
Missouri:
Total Industry Earnings, 1969-2022
 
1969
 
14,712,696
0.189
77,915,035
100.0
N
2.25
1970
 
15,698,045
0.198
79,419,432
101.9
1.93
2.26
1971
 
16,758,181
0.206
81,330,653
104.4
2.41
2.26
1972
 
18,262,972
0.213
85,709,461
110.0
5.38
2.23
1973
 
20,300,593
0.225
90,405,669
116.0
5.48
2.21
1974
 
21,213,879
0.248
85,563,986
109.8
-5.36
2.13
1975
 
22,552,286
0.269
83,962,345
107.8
-1.87
2.13
1976
 
24,967,038
0.283
88,119,994
113.1
4.95
2.13
1977
 
27,923,603
0.302
92,535,800
118.8
5.01
2.14
1978
 
31,316,932
0.323
97,028,541
124.5
4.86
2.12
1979
 
34,866,267
0.351
99,212,552
127.3
2.25
2.12
1980
 
36,232,052
0.389
93,074,527
119.5
-6.19
2.03
1981
 
39,543,231
0.424
93,229,355
119.7
0.17
2.02
1982
 
40,917,487
0.448
91,392,837
117.3
-1.97
1.99
1983
 
43,574,712
0.467
93,355,712
119.8
2.15
1.99
1984
 
48,746,281
0.484
100,634,367
129.2
7.80
2.00
1985
 
52,618,890
0.501
104,969,059
134.7
4.31
2.01
1986
 
55,626,033
0.512
108,604,293
139.4
3.46
2.00
1987
 
59,407,318
0.528
112,509,598
144.4
3.60
1.98
1988
 
63,368,460
0.549
115,498,879
148.2
2.66
1.94
1989
 
67,445,849
0.573
117,786,712
151.2
1.98
1.95
1990
 
70,308,277
0.598
117,621,542
151.0
-0.14
1.91
1991
 
72,218,391
0.618
116,907,422
150.0
-0.61
1.91
1992
 
77,173,464
0.634
121,686,320
156.2
4.09
1.90
1993
 
80,324,366
0.650
123,575,948
158.6
1.55
1.90
1994
 
85,534,034
0.664
128,901,733
165.4
4.31
1.92
1995
 
90,233,679
0.678
133,178,379
170.9
3.32
1.93
1996
 
95,853,639
0.692
138,510,815
177.8
4.00
1.93
1997
 
101,885,517
0.704
144,709,357
185.7
4.48
1.93
1998
 
107,230,395
0.710
151,098,954
193.9
4.42
1.88
1999
 
113,362,627
0.720
157,445,906
202.1
4.20
1.86
2000
 
120,835,206
0.738
163,684,547
210.1
3.96
1.83
2001
 
124,339,711
0.753
165,121,393
211.9
0.88
1.81
2002
 
128,041,834
0.763
167,833,472
215.4
1.64
1.83
2003
 
132,224,139
0.779
169,748,811
217.9
1.14
1.83
2004
 
139,548,680
0.798
174,813,885
224.4
2.98
1.82
2005
 
144,007,814
0.821
175,347,710
225.0
0.31
1.79
2006
 
151,048,802
0.844
178,882,996
229.6
2.02
1.77
2007
 
155,885,733
0.866
179,992,071
231.0
0.62
1.76
2008
 
162,250,615
0.892
181,956,504
233.5
1.09
1.80
2009
 
159,063,031
0.889
178,881,289
229.6
-1.69
1.83
2010
 
161,525,984
0.905
178,454,144
229.0
-0.24
1.79
2011
 
165,299,065
0.928
178,116,315
228.6
-0.19
1.75
2012
 
170,361,061
0.945
180,211,417
231.3
1.18
1.73
2013
 
176,764,776
0.958
184,550,982
236.9
2.41
1.74
2014
 
180,544,872
0.971
185,896,842
238.6
0.73
1.70
2015
 
185,534,418
0.973
190,684,815
244.7
2.58
1.68
2016
 
189,949,747
0.983
193,266,195
248.0
1.35
1.68
2017
 
196,554,981
1.000
196,554,981
252.3
1.70
1.66
2018
 
202,955,725
1.020
198,884,558
255.3
1.19
1.63
2019
 
211,403,177
1.035
204,228,625
262.1
2.69
1.63
2020
 
216,559,580
1.046
206,966,675
265.6
1.34
1.65
2021
 
229,984,582
1.090
210,993,094
270.8
1.95
1.61
2022
 
246,009,141
1.160
211,998,260
272.1
0.48
1.62
Source: Calculations by the Missouri Regional Economic Analysis Project (MO-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 Missouri Regional Economic Analysis Project (MO-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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