2000 vs. 2019 Industry Earnings Growth and Change

Florida Real Industry Earnings Growth by County

2000 vs. 2019, Net Percent Change

Sumter County 2000 vs. 2019

Net Percent Change = 335.45%

Rank = #1

Hamilton County 2000 vs. 2019

Net Percent Change = -8.27%

Rank = #67

Broward County 2000 vs. 2019

Net Percent Change = 54.79%

Rank = #24

With a spotlight on Broward County, the chart above displays the distribution of the net percent change of real (inflation adjusted) industry earnings across Florida's 67 counties over the period 2000-2019.

Those counties whose real industry earnings growth registered above the statewide average over this period realized an increase in their statewide share of real industry earnings. Likewise, those counties whose real industry earnings growth registered below the statewide average experienced a decline in their relative share of real industry earnings statewide.

Statewide Snippets:

Over 2000-2019 real industry earnings grew in sixty-three Florida counties while declining in four.
Real industry earnings growth in twenty-three counties outpaced the statewide average (54.96%), while growth in forty-four counties trailed.
At the extremes of the distribution, Sumter County posted the highest growth of real industry earnings (335.45%), while Hamilton County placed last by logging a -8.27% decline.
The spread in real industry earnings growth between the highest (Sumter County, 335.45%) and lowest (Hamilton County, -8.27%) over 2000-2019 equated to 343.72% ( = 335.45% − -8.27%).
Real industry earnings growth statewide is but a weighted metric that stems from each county's share of real industry earnings statewide. On this point, as the largest county in Florida, Miami-Dade County's net real industry earnings growth over 2000-2019 of $34,736,811K made up 15.11% of the total net growth statewide ($229,873,517K):

Miami-Dade County: Percent Share of Florida's
Real Industry Earnings Growth, 2000-2019:

15.11% = ($34,736,811K / $229,873,517K) x 100

Broward County Snippets:

Over 2000-2019, Broward County posted a 54.79% net gain in real industry earnings.
Broward County was joined by forty-three other counties whose real industry earnings growth over 2000-2019 registered below the statewide average (54.96%).
Ranked #24 among Florida's 67 counties, Broward County's real industry earnings growth (54.79%) trailed the statewide average of 54.96% by a 0.17% margin.
Broward County's net real industry earnings growth (54.79%, #24) over 2000-2019 registered just above that of Alachua County (53.42%, #25) and just below that of Sarasota County (56.52%, #23).
Broward County's share of real industry earnings statewide slipped from 10.00% in 2000 to 9.99% in 2019, resulting in a share-shift of -0.01%.

Real Industry Earnings Growth by County

2000 vs. 2019, Net Percent Change

County Distribution of Real Industry Earnings Growth, 2000 vs. 2019

	More than 125%	125% to 100%	100% to 75%	75% to 50%	50% to 25%	25% to 0%	0% to -25%	-25% or Below	Total
2000 vs. 2019	5	3	4	18	21	12	4	0	67

Real Industry Earnings by County, 2019

Miami-Dade County 2019

Real Industry Earnings = $100,145M

Percent of State = 15.45%

Rank = #1

Lafayette County 2019

Real Industry Earnings = $81M

Percent of State = 0.01%

Rank = #67

Broward County 2019

Real Industry Earnings = $64,758M

Percent of State = 9.99%

Rank = #2

Again highlighting Broward County's position, the bar graph above displays the disposition by county of 2019 real industry earnings statewide ($648,112M).

Interactive Table Tip: Although the visual profile of the bar chart remains unchanged you may opt to display the actual total by using the "Select Indicator" options above the graph

Statewide Snippets:

Ranked #1, Miami-Dade County's 2019 industry earnings totaled $100,145M, equating to 15.45% of the statewide total.
Ranked last (#67), Lafayette County's real industry earnings of $81M in 2019 comprised just 0.01% of the total statewide. Lafayette County's real industry earnings in 2019 equates to less than .01% to that of Miami-Dade County's.
Miami-Dade County's 2019 industry earnings ($100,145M) exceeded the combined industry earnings ($95,079M) of Florida's forty-nine smallest counties.

Broward County Snippets:

Broward County's industry earnings in 2019 ranked #2, amounting to 9.99% of the statewide total.
Broward County's industry earnings of $64,758M placed below that of Miami-Dade County's ($100,145M, #1), and just above that of Orange County's ($62,725M, #3).
Broward County's industry earnings of $64,758M exceeds the combined total ($61,233M) of Florida's forty-four smallest counties.

Real Industry Earnings by County, 2019

County Distribution of Real Industry Earnings, 2019

	More than $50,000M	$50,000M to $40,000M	$40,000M to $30,000M	$30,000M to $20,000M	$20,000M to $10,000M	$10,000M or Below	Total
2019	5	1	1	0	9	51	67

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Florida Real* Industry Earnings by County:
2000 vs. 2019

	2000		2019		2000 - 2019
County	Constant Dollars (1000s)	Percent of State Total	Constant Dollars (1000s)	Percent of State Total	Net Percent Change	Net Change (1000s)	Share (%) of State Change
Alachua	6,060,367	1.45	9,297,653	1.43	53.42	3,237,287	1.41
Baker	271,361	0.06	391,528	0.06	44.28	120,167	0.05
Bay	3,350,853	0.80	5,061,498	0.78	51.05	1,710,644	0.74
Bradford	361,357	0.09	359,304	0.06	-0.57	-2,053	0.00
Brevard	11,716,712	2.80	16,579,916	2.56	41.51	4,863,204	2.12
Broward	41,836,424	10.00	64,757,991	9.99	54.79	22,921,567	9.97
Calhoun	149,113	0.04	154,240	0.02	3.44	5,127	0.00
Charlotte	2,002,008	0.48	3,023,253	0.47	51.01	1,021,246	0.44
Citrus	1,466,503	0.35	1,984,869	0.31	35.35	518,365	0.23
Clay	1,874,384	0.45	3,249,596	0.50	73.37	1,375,211	0.60
Collier	6,611,430	1.58	11,996,188	1.85	81.45	5,384,758	2.34
Columbia	964,871	0.23	1,467,465	0.23	52.09	502,594	0.22
DeSoto	462,275	0.11	589,342	0.09	27.49	127,067	0.06
Dixie	130,347	0.03	151,429	0.02	16.17	21,082	0.01
Duval	29,961,595	7.16	43,318,460	6.68	44.58	13,356,864	5.81
Escambia	7,495,653	1.79	10,443,111	1.61	39.32	2,947,458	1.28
Flagler	559,350	0.13	1,465,330	0.23	161.97	905,980	0.39
Franklin	152,197	0.04	191,382	0.03	25.75	39,185	0.02
Gadsden	683,078	0.16	767,343	0.12	12.34	84,265	0.04
Gilchrist	137,149	0.03	223,665	0.03	63.08	86,516	0.04
Glades	98,579	0.02	161,607	0.02	63.94	63,028	0.03
Gulf	171,189	0.04	230,562	0.04	34.68	59,374	0.03
Hamilton	225,288	0.05	206,649	0.03	-8.27	-18,638	-0.01
Hardee	402,636	0.10	421,171	0.06	4.60	18,535	0.01
Hendry	702,763	0.17	807,633	0.12	14.92	104,869	0.05
Hernando	1,564,722	0.37	2,578,764	0.40	64.81	1,014,042	0.44
Highlands	1,092,174	0.26	1,517,724	0.23	38.96	425,550	0.19
Hillsborough	36,551,919	8.74	57,756,086	8.91	58.01	21,204,166	9.22
Holmes	179,689	0.04	201,673	0.03	12.23	21,984	0.01
Indian River	2,400,826	0.57	3,802,434	0.59	58.38	1,401,607	0.61
Jackson	668,306	0.16	861,475	0.13	28.90	193,169	0.08
Jefferson	139,705	0.03	148,303	0.02	6.15	8,598	0.00
Lafayette	86,347	0.02	80,841	0.01	-6.38	-5,506	0.00
Lake	3,184,314	0.76	5,899,296	0.91	85.26	2,714,982	1.18
Lee	9,489,691	2.27	19,176,545	2.96	102.08	9,686,854	4.21
Leon	8,078,254	1.93	10,434,881	1.61	29.17	2,356,626	1.03
Levy	384,024	0.09	521,090	0.08	35.69	137,066	0.06
Liberty	87,093	0.02	115,827	0.02	32.99	28,734	0.01
Madison	252,977	0.06	258,754	0.04	2.28	5,777	0.00
Manatee	6,581,167	1.57	8,985,357	1.39	36.53	2,404,191	1.05
Marion	4,257,933	1.02	6,209,251	0.96	45.83	1,951,318	0.85
Martin	2,926,856	0.70	4,603,102	0.71	57.27	1,676,246	0.73
Miami-Dade	65,408,423	15.64	100,145,234	15.45	53.11	34,736,811	15.11
Monroe	2,212,550	0.53	2,946,762	0.45	33.18	734,212	0.32
Nassau	999,033	0.24	1,616,950	0.25	61.85	617,917	0.27
Okaloosa	4,664,681	1.12	8,167,123	1.26	75.08	3,502,442	1.52
Okeechobee	474,464	0.11	683,881	0.11	44.14	209,417	0.09
Orange	37,080,438	8.87	62,725,115	9.68	69.16	25,644,677	11.16
Osceola	2,511,079	0.60	5,912,910	0.91	135.47	3,401,831	1.48
Palm Beach	35,605,138	8.51	52,896,310	8.16	48.56	17,291,172	7.52
Pasco	3,551,027	0.85	7,657,316	1.18	115.64	4,106,290	1.79
Pinellas	26,499,963	6.34	31,819,892	4.91	20.08	5,319,929	2.31
Polk	10,011,719	2.39	14,855,802	2.29	48.38	4,844,083	2.11
Putnam	922,136	0.22	983,029	0.15	6.60	60,894	0.03
St. Johns	2,342,608	0.56	5,516,690	0.85	135.49	3,174,082	1.38
St. Lucie	2,638,429	0.63	5,147,347	0.79	95.09	2,508,918	1.09
Santa Rosa	1,365,498	0.33	2,777,243	0.43	103.39	1,411,745	0.61
Sarasota	8,035,946	1.92	12,577,925	1.94	56.52	4,541,979	1.98
Seminole	8,409,064	2.01	14,451,630	2.23	71.86	6,042,567	2.63
Sumter	477,798	0.11	2,080,570	0.32	335.45	1,602,772	0.70
Suwannee	474,298	0.11	682,401	0.11	43.88	208,104	0.09
Taylor	358,094	0.09	394,056	0.06	10.04	35,962	0.02
Union	202,608	0.05	201,160	0.03	-0.71	-1,447	0.00
Volusia	7,105,553	1.70	10,814,254	1.67	52.19	3,708,702	1.61
Wakulla	257,381	0.06	364,239	0.06	41.52	106,858	0.05
Walton	561,896	0.13	1,894,093	0.29	237.09	1,332,196	0.58
Washington	294,844	0.07	347,149	0.05	17.74	52,304	0.02

Florida	418,238,150	100.00	648,111,667	100.00	54.96	229,873,517	100.00
Metropolitan	408,204,128	97.60	635,613,874	98.07	55.71	227,409,746	98.93
Nonmetropolitan	10,034,022	2.40	12,497,794	1.93	24.55	2,463,771	1.07

United States	8,938,721,519		12,548,276,062		40.38	3,609,554,543
Metropolitan U.S.	8,074,031,591		11,474,573,139		42.12	3,400,541,548
Nonmetropolitan U.S.	864,689,928		1,073,702,923		24.17	209,012,995

*Real total industry earnings determined using the Implicit Price Deflator for
Personal Consumption (2017=1.00).

Source: Calculations by the Florida Regional Economic Analysis Project (FL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_YRVYR_1200A

Interactive Table Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

Florida Industry Earnings by County:
2000 vs. 2019

	2000		2019		2000 - 2019
County	Current Dollars (1000s)	Percent of State Total	Current Dollars (1000s)	Percent of State Total	Net Percent Change	Net Change (1000s)	Share (%) of State Change
Alachua	4,473,884	1.45	9,624,280	1.43	115.12	5,150,396	1.42
Baker	200,324	0.06	405,282	0.06	102.31	204,958	0.06
Bay	2,473,667	0.80	5,239,308	0.78	111.80	2,765,641	0.76
Bradford	266,761	0.09	371,926	0.06	39.42	105,165	0.03
Brevard	8,649,511	2.80	17,162,368	2.56	98.42	8,512,857	2.35
Broward	30,884,485	10.00	67,032,939	9.99	117.04	36,148,454	9.98
Calhoun	110,078	0.04	159,658	0.02	45.04	49,580	0.01
Charlotte	1,477,922	0.48	3,129,460	0.47	111.75	1,651,538	0.46
Citrus	1,082,602	0.35	2,054,597	0.31	89.78	971,995	0.27
Clay	1,383,708	0.45	3,363,754	0.50	143.10	1,980,046	0.55
Collier	4,880,690	1.58	12,417,614	1.85	154.42	7,536,924	2.08
Columbia	712,287	0.23	1,519,017	0.23	113.26	806,730	0.22
DeSoto	341,261	0.11	610,046	0.09	78.76	268,785	0.07
Dixie	96,225	0.03	156,749	0.02	62.90	60,524	0.02
Duval	22,118,249	7.16	44,840,237	6.68	102.73	22,721,988	6.27
Escambia	5,533,441	1.79	10,809,978	1.61	95.36	5,276,537	1.46
Flagler	412,923	0.13	1,516,807	0.23	267.33	1,103,884	0.30
Franklin	112,355	0.04	198,105	0.03	76.32	85,750	0.02
Gadsden	504,262	0.16	794,300	0.12	57.52	290,038	0.08
Gilchrist	101,246	0.03	231,522	0.03	128.67	130,276	0.04
Glades	72,773	0.02	167,284	0.02	129.87	94,511	0.03
Gulf	126,375	0.04	238,662	0.04	88.85	112,287	0.03
Hamilton	166,312	0.05	213,909	0.03	28.62	47,597	0.01
Hardee	297,234	0.10	435,967	0.06	46.67	138,733	0.04
Hendry	518,794	0.17	836,005	0.12	61.14	317,211	0.09
Hernando	1,155,109	0.37	2,669,356	0.40	131.09	1,514,247	0.42
Highlands	806,265	0.26	1,571,042	0.23	94.85	764,777	0.21
Hillsborough	26,983,358	8.74	59,785,057	8.91	121.56	32,801,699	9.06
Holmes	132,650	0.04	208,758	0.03	57.38	76,108	0.02
Indian River	1,772,338	0.57	3,936,013	0.59	122.08	2,163,675	0.60
Jackson	493,357	0.16	891,739	0.13	80.75	398,382	0.11
Jefferson	103,133	0.03	153,513	0.02	48.85	50,380	0.01
Lafayette	63,743	0.02	83,681	0.01	31.28	19,938	0.01
Lake	2,350,724	0.76	6,106,538	0.91	159.77	3,755,814	1.04
Lee	7,005,480	2.27	19,850,217	2.96	183.35	12,844,737	3.55
Leon	5,963,529	1.93	10,801,458	1.61	81.13	4,837,929	1.34
Levy	283,494	0.09	539,396	0.08	90.27	255,902	0.07
Liberty	64,294	0.02	119,896	0.02	86.48	55,602	0.02
Madison	186,753	0.06	267,844	0.04	43.42	81,091	0.02
Manatee	4,858,349	1.57	9,301,013	1.39	91.44	4,442,664	1.23
Marion	3,143,291	1.02	6,427,382	0.96	104.48	3,284,091	0.91
Martin	2,160,664	0.70	4,764,809	0.71	120.53	2,604,145	0.72
Miami-Dade	48,285,806	15.64	103,663,336	15.45	114.69	55,377,530	15.29
Monroe	1,633,349	0.53	3,050,282	0.45	86.75	1,416,933	0.39
Nassau	737,506	0.24	1,673,753	0.25	126.95	936,247	0.26
Okaloosa	3,443,561	1.12	8,454,034	1.26	145.50	5,010,473	1.38
Okeechobee	350,259	0.11	707,906	0.11	102.11	357,647	0.10
Orange	27,373,521	8.87	64,928,648	9.68	137.20	37,555,127	10.37
Osceola	1,853,729	0.60	6,120,631	0.91	230.18	4,266,902	1.18
Palm Beach	26,284,425	8.51	54,754,557	8.16	108.32	28,470,132	7.86
Pasco	2,621,439	0.85	7,926,318	1.18	202.37	5,304,879	1.46
Pinellas	19,562,803	6.34	32,937,725	4.91	68.37	13,374,922	3.69
Polk	7,390,851	2.39	15,377,686	2.29	108.06	7,986,835	2.21
Putnam	680,739	0.22	1,017,563	0.15	49.48	336,824	0.09
St. Johns	1,729,360	0.56	5,710,491	0.85	230.21	3,981,131	1.10
St. Lucie	1,947,741	0.63	5,328,173	0.79	173.56	3,380,432	0.93
Santa Rosa	1,008,038	0.33	2,874,808	0.43	185.19	1,866,770	0.52
Sarasota	5,932,296	1.92	13,019,787	1.94	119.47	7,087,491	1.96
Seminole	6,207,739	2.01	14,959,316	2.23	140.98	8,751,577	2.42
Sumter	352,720	0.11	2,153,660	0.32	510.59	1,800,940	0.50
Suwannee	350,136	0.11	706,374	0.11	101.74	356,238	0.10
Taylor	264,352	0.09	407,899	0.06	54.30	143,547	0.04
Union	149,569	0.05	208,227	0.03	39.22	58,658	0.02
Volusia	5,245,461	1.70	11,194,159	1.67	113.41	5,948,698	1.64
Wakulla	190,004	0.06	377,035	0.06	98.44	187,031	0.05
Walton	414,803	0.13	1,960,632	0.29	372.67	1,545,829	0.43
Washington	217,660	0.07	359,344	0.05	65.09	141,684	0.04

Florida	308,751,767	100.00	670,879,830	100.00	117.29	362,128,063	100.00
Metropolitan	301,344,451	97.60	657,942,989	98.07	118.34	356,598,538	98.47
Nonmetropolitan	7,407,316	2.40	12,936,841	1.93	74.65	5,529,525	1.53

United States	6,598,743,000		12,989,097,000		96.84	6,390,354,000
Metropolitan U.S.	5,960,411,601		11,877,674,893		99.28	5,917,263,292
Nonmetropolitan U.S.	638,331,399		1,111,422,107		74.11	473,090,708

Source: Calculations by the Florida Regional Economic Analysis Project (FL-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis

November 2023

REAP_PI_CA1400_YRVYR_1200A

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