Monroe County vs. Missouri
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Monroe County vs. Missouri
Monroe County:
2022 Earnings = $134,739K
2022 Percent of State = 0.05%
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.
Monroe County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Monroe County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Monroe 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 Monroe County over time.
When measured in current dollars, Monroe County's total industry earnings increased 545.36%, from $21M in 1970 to $135M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 9.93%, from $106M in 1970 to $116M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Monroe 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, Monroe County's real total industry earnings rose from $100M in 1969 to $116M in 2022, for a net gain of $16M, or 16.29%. In comparison, Missouri's real total industry earnings advanced from $77,915M in 1969 to $211,998M in 2022, for a net advance 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 shows Monroe 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.
Monroe County's overall real total industry earnings growth was 16.29% 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 comparing the total industry earnings growth of Monroe 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, Monroe County's total industry earnings comprised 0.13% of Missouri's total industry earnings, while in 2022 it comprised 0.05% thereby yielding a -0.07% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.07%
=
0.05%
-
0.13%
 
   
Monroe County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Monroe County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Monroe 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 traced 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, Monroe County's real total industry earnings grew at an annual rate of 1.27% over 1970-2022. The county posted its highest growth in 1973 (39.64%) and posted its lowest growth in 1974 (-28.25%). In 2022, Monroe County's real total industry earnings declined by -5.65%
Monroe County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Monroe 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 Monroe 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, Monroe County's annual real total industry earnings growth rate averaged 4.09%. It averaged 3.30% in the 1980s, -0.73% in the 1990s, 1.19% during the 2000s, -1.78% during the 2010s, 2.15% 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 Monroe County noted in the previous graph with the corresponding decade averages for Missouri and the nation. As the chart reveals, Monroe County's average annual real total industry earnings growth outgained Missouri's average during the 1970s (4.09% vs. 2.50%), outpaced Missouri's average during the 1980s (3.30% vs. 1.80%), fell below Missouri's average in the 1990s (-0.73% vs. 2.96%), amounted to less than Missouri's average in the 2000s (1.19% vs. 1.30%), lagged Missouri's average throughout the 2010s (-1.78% vs. 1.34%), and registered above Missouri's average over the 3 year period of the current decade, 2020-2022 (2.15% vs. 1.25%).
Finally, relative to nationwide real total industry earnings growth trends, Monroe County outgained the nation over the 1970s (4.09% vs. 3.13%), outgained the nation throughout the 1980s (3.30% vs. 2.62%), trailed the nation during the 1990s (-0.73% vs. 3.43%), posted below the nation in the 2000s (1.19% vs. 1.47%), trailed the nation in the 2010s (-1.78% vs. 2.53%), and outpaced the nation over 2020-2022 (2.15% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.27
4.09
3.30
-0.73
1.19
-1.78
2.15
-5.65
 
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.

   
 
Monroe County:
Total Industry Earnings, 1969-2022
 
1969
 
18,854
0.189
99,846
100.0
N
0.13
1970
 
20,878
0.198
105,626
105.8
5.79
0.13
1971
 
22,179
0.206
107,639
107.8
1.91
0.13
1972
 
25,534
0.213
119,833
120.0
11.33
0.14
1973
 
37,574
0.225
167,330
167.6
39.64
0.19
1974
 
29,765
0.248
120,054
120.2
-28.25
0.14
1975
 
29,448
0.269
109,635
109.8
-8.68
0.13
1976
 
25,716
0.283
90,763
90.9
-17.21
0.10
1977
 
34,346
0.302
113,819
114.0
25.40
0.12
1978
 
38,156
0.323
118,218
118.4
3.86
0.12
1979
 
44,488
0.351
126,591
126.8
7.08
0.13
1980
 
35,592
0.389
91,430
91.6
-27.78
0.10
1981
 
43,974
0.424
103,676
103.8
13.39
0.11
1982
 
44,491
0.448
99,375
99.5
-4.15
0.11
1983
 
41,142
0.467
88,144
88.3
-11.30
0.09
1984
 
50,361
0.484
103,968
104.1
17.95
0.10
1985
 
69,863
0.501
139,369
139.6
34.05
0.13
1986
 
66,746
0.512
130,315
130.5
-6.50
0.12
1987
 
68,159
0.528
129,084
129.3
-0.94
0.11
1988
 
73,887
0.549
134,671
134.9
4.33
0.12
1989
 
87,843
0.573
153,408
153.6
13.91
0.13
1990
 
82,150
0.598
137,432
137.6
-10.41
0.12
1991
 
80,499
0.618
130,312
130.5
-5.18
0.11
1992
 
89,521
0.634
141,156
141.4
8.32
0.12
1993
 
87,858
0.650
135,166
135.4
-4.24
0.11
1994
 
81,471
0.664
122,779
123.0
-9.16
0.10
1995
 
87,840
0.678
129,645
129.8
5.59
0.10
1996
 
102,245
0.692
147,746
148.0
13.96
0.11
1997
 
108,141
0.704
153,594
153.8
3.96
0.11
1998
 
103,974
0.710
146,510
146.7
-4.61
0.10
1999
 
99,645
0.720
138,394
138.6
-5.54
0.09
2000
 
117,399
0.738
159,030
159.3
14.91
0.10
2001
 
105,947
0.753
140,696
140.9
-11.53
0.09
2002
 
100,112
0.763
131,224
131.4
-6.73
0.08
2003
 
100,027
0.779
128,414
128.6
-2.14
0.08
2004
 
134,154
0.798
168,056
168.3
30.87
0.10
2005
 
107,535
0.821
130,937
131.1
-22.09
0.07
2006
 
116,529
0.844
138,002
138.2
5.40
0.08
2007
 
123,741
0.866
142,876
143.1
3.53
0.08
2008
 
126,947
0.892
142,365
142.6
-0.36
0.08
2009
 
126,612
0.889
142,387
142.6
0.02
0.08
2010
 
123,856
0.905
136,836
137.0
-3.90
0.08
2011
 
124,971
0.928
134,661
134.9
-1.59
0.08
2012
 
109,066
0.945
115,372
115.5
-14.32
0.06
2013
 
140,308
0.958
146,488
146.7
26.97
0.08
2014
 
139,154
0.971
143,279
143.5
-2.19
0.08
2015
 
111,443
0.973
114,537
114.7
-20.06
0.06
2016
 
122,423
0.983
124,560
124.8
8.75
0.06
2017
 
122,080
1.000
122,080
122.3
-1.99
0.06
2018
 
105,575
1.020
103,457
103.6
-15.25
0.05
2019
 
113,340
1.035
109,493
109.7
5.83
0.05
2020
 
118,226
1.046
112,989
113.2
3.19
0.05
2021
 
134,140
1.090
123,063
123.3
8.92
0.06
2022
 
134,739
1.160
116,111
116.3
-5.65
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_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 © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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