Hamilton County vs. Florida
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Hamilton County vs. Florida
Hamilton County:
2022 Earnings = $238,631K
2022 Percent of State = 0.03%
Florida:
2022 Earnings = $844,048,879K
2022 Percent of U.S. = 5.55%
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.
Hamilton County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Hamilton County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Hamilton 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 Hamilton County over time.
When measured in current dollars, Hamilton County's total industry earnings increased 1,340.57%, from $17M in 1970 to $239M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 145.38%, from $84M in 1970 to $206M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Hamilton County's and Florida'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, Hamilton County's real total industry earnings rose from $88M in 1969 to $206M in 2022, for a net gain of $118M, or 133.33%. In comparison, Florida's real total industry earnings increased from $98,038M in 1969 to $727,359M in 2022, for a net advance of $629,320M, or 641.91%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Hamilton County's real total industry earnings growth in a broader context by offering direct comparisons across time with Florida, 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.
Hamilton County's overall real total industry earnings growth was 133.33% over 1969-2022 trailed Florida's increase of 641.91%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Florida Total: 1969-2022
Total Industry Earnings as a Percent of the Florida Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Hamilton County is to trace its individual percentage contributions to Florida'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 Florida's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Hamilton County's total industry earnings comprised 0.09% of Florida's total industry earnings, while in 2022 it equated to 0.03% thereby yielding a -0.06% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.06%
=
0.03%
-
0.09%
 
   
Hamilton County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Hamilton County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Hamilton 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, Hamilton County's real total industry earnings grew at an annual rate of 1.91% over 1970-2022. The county recorded its highest growth in 1975 (24.38%) and posted its lowest growth in 1976 (-11.61%). In 2022, Hamilton County's real total industry earnings declined by -0.64%
Hamilton County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Hamilton 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 Hamilton 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, Hamilton County's annual real total industry earnings growth rate averaged 8.86%. It averaged 3.47% throughout the 1980s, -1.23% in the 1990s, -0.12% during the 2000s, -0.83% throughout the 2010s, -0.08% 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 Hamilton County noted in the previous graph with the corresponding decade averages for Florida and the nation. As the chart reveals, Hamilton County's average annual real total industry earnings growth outperformed Florida's average in the 1970s (8.86% vs. 5.28%), amounted to less than Florida's average during the 1980s (3.47% vs. 5.01%), recorded under Florida's average throughout the 1990s (-1.23% vs. 4.13%), fell below Florida's average throughout the 2000s (-0.12% vs. 1.88%), posted below Florida's average during the 2010s (-0.83% vs. 3.22%), and lagged Florida's average over the 3 year period of the current decade, 2020-2022 (-0.08% vs. 3.96%).
Finally, relative to nationwide real total industry earnings growth trends, Hamilton County outpaced the nation throughout the 1970s (8.86% vs. 3.13%), outperformed the nation throughout the 1980s (3.47% vs. 2.62%), lagged the nation over the 1990s (-1.23% vs. 3.43%), fell below the nation in the 2000s (-0.12% vs. 1.47%), recorded underneath the nation over the 2010s (-0.83% vs. 2.53%), and lagged the nation over 2020-2022 (-0.08% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.91
8.86
3.47
-1.23
-0.12
-0.83
-0.08
-0.64
 
3.91
5.28
5.01
4.13
1.88
3.22
3.96
3.18
 
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.

   
 
Hamilton County:
Total Industry Earnings, 1969-2022
 
1969
 
16,642
0.189
88,132
100.0
N
0.09
1970
 
16,565
0.198
83,806
95.1
-4.91
0.08
1971
 
20,400
0.206
99,005
112.3
18.14
0.09
1972
 
20,656
0.213
96,940
110.0
-2.09
0.08
1973
 
25,085
0.225
111,712
126.8
15.24
0.08
1974
 
32,086
0.248
129,416
146.8
15.85
0.09
1975
 
43,237
0.269
160,972
182.6
24.38
0.12
1976
 
40,312
0.283
142,279
161.4
-11.61
0.10
1977
 
44,044
0.302
145,957
165.6
2.58
0.10
1978
 
53,929
0.323
167,087
189.6
14.48
0.11
1979
 
68,448
0.351
194,770
221.0
16.57
0.12
1980
 
81,180
0.389
208,539
236.6
7.07
0.12
1981
 
89,957
0.424
212,088
240.6
1.70
0.12
1982
 
87,982
0.448
196,516
223.0
-7.34
0.11
1983
 
86,782
0.467
185,924
211.0
-5.39
0.10
1984
 
108,435
0.484
223,859
254.0
20.40
0.11
1985
 
113,223
0.501
225,868
256.3
0.90
0.11
1986
 
116,822
0.512
228,083
258.8
0.98
0.10
1987
 
127,002
0.528
240,525
272.9
5.45
0.10
1988
 
137,497
0.549
250,610
284.4
4.19
0.10
1989
 
153,200
0.573
267,547
303.6
6.76
0.10
1990
 
159,187
0.598
266,310
302.2
-0.46
0.10
1991
 
145,409
0.618
235,389
267.1
-11.61
0.09
1992
 
150,437
0.634
237,208
269.1
0.77
0.08
1993
 
136,927
0.650
210,657
239.0
-11.19
0.07
1994
 
140,878
0.664
212,306
240.9
0.78
0.07
1995
 
152,641
0.678
225,287
255.6
6.11
0.07
1996
 
161,524
0.692
233,406
264.8
3.60
0.07
1997
 
159,405
0.704
226,405
256.9
-3.00
0.07
1998
 
161,305
0.710
227,296
257.9
0.39
0.06
1999
 
167,491
0.720
232,623
263.9
2.34
0.06
2000
 
166,312
0.738
225,288
255.6
-3.15
0.05
2001
 
158,330
0.753
210,260
238.6
-6.67
0.05
2002
 
149,284
0.763
195,677
222.0
-6.94
0.04
2003
 
172,305
0.779
221,204
251.0
13.05
0.05
2004
 
188,129
0.798
235,671
267.4
6.54
0.05
2005
 
199,031
0.821
242,345
275.0
2.83
0.05
2006
 
198,861
0.844
235,506
267.2
-2.82
0.04
2007
 
199,790
0.866
230,686
261.7
-2.05
0.04
2008
 
203,390
0.892
228,092
258.8
-1.12
0.05
2009
 
201,161
0.889
226,224
256.7
-0.82
0.05
2010
 
189,685
0.905
209,564
237.8
-7.36
0.04
2011
 
191,737
0.928
206,604
234.4
-1.41
0.04
2012
 
195,959
0.945
207,289
235.2
0.33
0.04
2013
 
196,562
0.958
205,220
232.9
-1.00
0.04
2014
 
195,304
0.971
201,093
228.2
-2.01
0.04
2015
 
201,360
0.973
206,950
234.8
2.91
0.04
2016
 
190,933
0.983
194,267
220.4
-6.13
0.03
2017
 
201,990
1.000
201,990
229.2
3.98
0.03
2018
 
214,813
1.020
210,504
238.9
4.22
0.03
2019
 
213,909
1.035
206,649
234.5
-1.83
0.03
2020
 
227,581
1.046
217,500
246.8
5.25
0.03
2021
 
225,603
1.090
206,973
234.8
-4.84
0.03
2022
 
238,631
1.160
205,640
233.3
-0.64
0.03
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_1200_PSN
 
   

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

   
 
Florida:
Total Industry Earnings, 1969-2022
 
1969
 
18,512,591
0.189
98,038,400
100.0
N
2.83
1970
 
20,482,394
0.198
103,624,375
105.7
5.70
2.95
1971
 
22,759,450
0.206
110,455,957
112.7
6.59
3.07
1972
 
26,383,815
0.213
123,821,170
126.3
12.10
3.22
1973
 
30,858,942
0.225
137,425,705
140.2
10.99
3.36
1974
 
33,902,229
0.248
136,741,133
139.5
-0.50
3.41
1975
 
35,448,104
0.269
131,973,582
134.6
-3.49
3.35
1976
 
38,566,185
0.283
136,117,548
138.8
3.14
3.29
1977
 
43,112,474
0.302
142,870,076
145.7
4.96
3.31
1978
 
49,952,283
0.323
154,766,027
157.9
8.33
3.38
1979
 
57,081,858
0.351
162,427,391
165.7
4.95
3.46
1980
 
65,582,791
0.389
168,472,028
171.8
3.72
3.67
1981
 
73,613,200
0.424
173,554,639
177.0
3.02
3.75
1982
 
78,862,333
0.448
176,146,016
179.7
1.49
3.84
1983
 
87,798,013
0.467
188,100,979
191.9
6.79
4.01
1984
 
97,794,239
0.484
201,891,532
205.9
7.33
4.02
1985
 
107,306,156
0.501
214,064,307
218.3
6.03
4.10
1986
 
116,853,195
0.512
228,144,234
232.7
6.58
4.19
1987
 
128,573,183
0.528
243,500,593
248.4
6.73
4.29
1988
 
141,675,440
0.549
258,225,535
263.4
6.05
4.35
1989
 
151,397,294
0.573
264,398,620
269.7
2.39
4.37
1990
 
161,135,722
0.598
269,570,426
275.0
1.96
4.38
1991
 
168,103,932
0.618
272,127,322
277.6
0.95
4.44
1992
 
180,110,993
0.634
283,997,151
289.7
4.36
4.44
1993
 
192,405,715
0.650
296,008,792
301.9
4.23
4.54
1994
 
203,141,223
0.664
306,138,440
312.3
3.42
4.56
1995
 
216,287,300
0.678
319,224,400
325.6
4.27
4.63
1996
 
230,495,530
0.692
333,071,586
339.7
4.34
4.65
1997
 
244,384,467
0.704
347,102,514
354.0
4.21
4.62
1998
 
265,915,440
0.710
374,702,946
382.2
7.95
4.66
1999
 
284,906,081
0.720
395,697,394
403.6
5.60
4.67
2000
 
308,751,767
0.738
418,238,150
426.6
5.70
4.68
2001
 
327,004,403
0.753
434,257,261
442.9
3.83
4.76
2002
 
343,120,998
0.763
449,752,917
458.8
3.57
4.90
2003
 
362,066,843
0.779
464,819,939
474.1
3.35
5.00
2004
 
392,048,419
0.798
491,122,576
500.9
5.66
5.11
2005
 
425,216,523
0.821
517,754,847
528.1
5.42
5.29
2006
 
452,524,071
0.844
535,911,974
546.6
3.51
5.31
2007
 
459,621,008
0.866
530,697,297
541.3
-0.97
5.18
2008
 
445,440,987
0.892
499,541,311
509.5
-5.87
4.94
2009
 
420,434,356
0.889
472,817,845
482.3
-5.35
4.84
2010
 
439,036,383
0.905
485,048,040
494.8
2.59
4.87
2011
 
450,698,110
0.928
485,645,134
495.4
0.12
4.77
2012
 
466,203,394
0.945
493,159,492
503.0
1.55
4.73
2013
 
480,823,846
0.958
502,003,368
512.0
1.79
4.72
2014
 
509,424,654
0.971
524,525,750
535.0
4.49
4.80
2015
 
541,177,714
0.973
556,200,695
567.3
6.04
4.90
2016
 
566,761,257
0.983
576,656,686
588.2
3.68
5.01
2017
 
600,647,659
1.000
600,647,659
612.7
4.16
5.07
2018
 
636,356,650
1.020
623,591,727
636.1
3.82
5.12
2019
 
670,879,830
1.035
648,111,667
661.1
3.93
5.16
2020
 
683,698,267
1.046
653,412,593
666.5
0.82
5.20
2021
 
768,399,192
1.090
704,946,920
719.1
7.89
5.38
2022
 
844,048,879
1.160
727,358,720
741.9
3.18
5.55
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_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 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_1200_PN
 
   
Copyright © 2024. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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