Butler County vs. Iowa
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Butler County vs. Iowa
Butler County:
2022 Earnings = $442,000K
2022 Percent of State = 0.33%
Iowa:
2022 Earnings = $135,203,174K
2022 Percent of U.S. = 0.89%
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.
Butler County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Butler County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Butler 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 Butler County over time.
When measured in current dollars, Butler County's total industry earnings increased 1,217.59%, from $34M in 1970 to $442M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 124.43%, from $170M in 1970 to $381M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Butler County's and Iowa'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, Butler County's real total industry earnings rose from $175M in 1969 to $381M in 2022, for a net gain of $206M, or 118.08%. In comparison, Iowa's real total industry earnings increased from $44,240M in 1969 to $116,511M in 2022, for a net gain of $72,272M, or 163.36%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Butler County's real total industry earnings growth in a broader context by offering direct comparisons across time with Iowa, 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.
Butler County's overall real total industry earnings growth was 118.08% over 1969-2022 trailed Iowa's increase of 163.36%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Iowa Total: 1969-2022
Total Industry Earnings as a Percent of the Iowa Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Butler County is to compare its individual percentage contributions to Iowa'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 Iowa's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Butler County's total industry earnings comprised 0.39% of Iowa's total industry earnings, while in 2022 it equated to 0.33% thereby yielding a -0.07% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.07%
=
0.33%
-
0.39%
 
   
Butler County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Butler County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Butler 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, Butler County's real total industry earnings grew at an annual rate of 2.56% over 1970-2022. The county recorded its highest growth in 1984 (50.92%) and recorded its lowest growth in 1974 (-23.21%). In 2022, Butler County's real total industry earnings grew by 11.73%
Butler County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Butler 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 Butler 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, Butler County's annual real total industry earnings growth rate averaged 2.67%. It averaged -0.33% throughout the 1980s, 2.40% in the 1990s, 3.27% during the 2000s, 0.16% in the 2010s, 18.02% 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 Butler County noted in the previous graph with the corresponding decade averages for Iowa and the nation. As the chart reveals, Butler County's average annual real total industry earnings growth recorded under Iowa's average during the 1970s (2.67% vs. 2.90%), lagged Iowa's average throughout the 1980s (-0.33% vs. 0.24%), fell below Iowa's average throughout the 1990s (2.40% vs. 2.95%), recorded above Iowa's average during the 2000s (3.27% vs. 1.71%), lagged Iowa's average throughout the 2010s (0.16% vs. 1.61%), and recorded above Iowa's average over the 3 year period of the current decade, 2020-2022 (18.02% vs. 2.95%).
Finally, relative to nationwide real total industry earnings growth trends, Butler County fell below the nation over the 1970s (2.67% vs. 3.13%), fell below the nation during the 1980s (-0.33% vs. 2.62%), fell below the nation over the 1990s (2.40% vs. 3.43%), topped the nation over the 2000s (3.27% vs. 1.47%), trailed the nation over the 2010s (0.16% vs. 2.53%), and recorded above the nation over 2020-2022 (18.02% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.56
2.67
-0.33
2.40
3.27
0.16
18.02
11.73
 
1.94
2.90
0.24
2.95
1.71
1.61
2.95
2.21
 
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.

   
 
Butler County:
Total Industry Earnings, 1969-2022
 
1969
 
32,980
0.189
174,654
100.0
N
0.39
1970
 
33,546
0.198
169,716
97.2
-2.83
0.38
1971
 
33,901
0.206
164,528
94.2
-3.06
0.37
1972
 
39,820
0.213
186,878
107.0
13.58
0.39
1973
 
58,070
0.225
258,606
148.1
38.38
0.46
1974
 
49,237
0.248
198,592
113.7
-23.21
0.39
1975
 
56,546
0.269
210,521
120.5
6.01
0.41
1976
 
53,831
0.283
189,994
108.8
-9.75
0.36
1977
 
58,903
0.302
195,198
111.8
2.74
0.36
1978
 
77,407
0.323
239,828
137.3
22.86
0.40
1979
 
69,045
0.351
196,469
112.5
-18.08
0.34
1980
 
62,386
0.389
160,260
91.8
-18.43
0.30
1981
 
67,451
0.424
159,026
91.1
-0.77
0.30
1982
 
57,742
0.448
128,972
73.8
-18.90
0.27
1983
 
52,274
0.467
111,993
64.1
-13.16
0.24
1984
 
81,871
0.484
169,019
96.8
50.92
0.33
1985
 
89,000
0.501
177,545
101.7
5.04
0.34
1986
 
87,604
0.512
171,038
97.9
-3.67
0.32
1987
 
96,222
0.528
182,232
104.3
6.54
0.33
1988
 
87,616
0.549
159,694
91.4
-12.37
0.29
1989
 
92,834
0.573
162,124
92.8
1.52
0.28
1990
 
109,224
0.598
182,725
104.6
12.71
0.31
1991
 
109,907
0.618
177,918
101.9
-2.63
0.31
1992
 
125,252
0.634
197,496
113.1
11.00
0.32
1993
 
104,818
0.650
161,258
92.3
-18.35
0.27
1994
 
129,001
0.664
194,407
111.3
20.56
0.30
1995
 
126,399
0.678
186,556
106.8
-4.04
0.28
1996
 
154,895
0.692
223,827
128.2
19.98
0.32
1997
 
151,329
0.704
214,935
123.1
-3.97
0.30
1998
 
148,817
0.710
209,699
120.1
-2.44
0.28
1999
 
137,659
0.720
191,190
109.5
-8.83
0.25
2000
 
153,630
0.738
208,109
119.2
8.85
0.26
2001
 
157,702
0.753
209,426
119.9
0.63
0.26
2002
 
159,127
0.763
208,579
119.4
-0.40
0.26
2003
 
156,007
0.779
200,281
114.7
-3.98
0.24
2004
 
214,257
0.798
268,402
153.7
34.01
0.30
2005
 
207,614
0.821
252,796
144.7
-5.81
0.28
2006
 
200,138
0.844
237,018
135.7
-6.24
0.26
2007
 
228,324
0.866
263,632
150.9
11.23
0.28
2008
 
235,712
0.892
264,340
151.4
0.27
0.28
2009
 
221,344
0.889
248,922
142.5
-5.83
0.27
2010
 
256,710
0.905
283,614
162.4
13.94
0.31
2011
 
321,788
0.928
346,739
198.5
22.26
0.36
2012
 
297,713
0.945
314,927
180.3
-9.17
0.32
2013
 
306,308
0.958
319,800
183.1
1.55
0.31
2014
 
258,420
0.971
266,080
152.3
-16.80
0.26
2015
 
243,970
0.973
250,743
143.6
-5.76
0.24
2016
 
225,048
0.983
228,977
131.1
-8.68
0.22
2017
 
233,649
1.000
233,649
133.8
2.04
0.22
2018
 
247,954
1.020
242,980
139.1
3.99
0.23
2019
 
246,984
1.035
238,602
136.6
-1.80
0.22
2020
 
252,988
1.046
241,781
138.4
1.33
0.23
2021
 
371,591
1.090
340,906
195.2
41.00
0.30
2022
 
442,000
1.160
380,893
218.1
11.73
0.33
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-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.

   
 
Iowa:
Total Industry Earnings, 1969-2022
 
1969
 
8,353,791
0.189
44,239,745
100.0
N
1.28
1970
 
8,755,522
0.198
44,295,872
100.1
0.13
1.26
1971
 
9,059,918
0.206
43,969,512
99.4
-0.74
1.22
1972
 
10,254,957
0.213
48,127,262
108.8
9.46
1.25
1973
 
12,556,835
0.225
55,919,996
126.4
16.19
1.37
1974
 
12,721,635
0.248
51,311,398
116.0
-8.24
1.28
1975
 
13,951,441
0.269
51,941,329
117.4
1.23
1.32
1976
 
14,779,011
0.283
52,161,829
117.9
0.42
1.26
1977
 
16,332,900
0.302
54,125,464
122.3
3.76
1.25
1978
 
19,121,772
0.323
59,244,553
133.9
9.46
1.30
1979
 
20,259,727
0.351
57,649,395
130.3
-2.69
1.23
1980
 
20,472,666
0.389
52,591,107
118.9
-8.77
1.15
1981
 
22,566,395
0.424
53,203,808
120.3
1.17
1.15
1982
 
21,765,144
0.448
48,614,380
109.9
-8.63
1.06
1983
 
21,846,223
0.467
46,803,974
105.8
-3.72
1.00
1984
 
24,996,916
0.484
51,604,938
116.6
10.26
1.03
1985
 
25,949,442
0.501
51,766,362
117.0
0.31
0.99
1986
 
27,110,223
0.512
52,930,012
119.6
2.25
0.97
1987
 
29,276,589
0.528
55,445,985
125.3
4.75
0.98
1988
 
30,491,259
0.549
55,575,064
125.6
0.23
0.94
1989
 
33,266,972
0.573
58,097,085
131.3
4.54
0.96
1990
 
35,169,556
0.598
58,836,564
133.0
1.27
0.96
1991
 
35,921,378
0.618
58,149,671
131.4
-1.17
0.95
1992
 
39,141,254
0.634
61,717,524
139.5
6.14
0.96
1993
 
39,123,547
0.650
60,190,072
136.1
-2.47
0.92
1994
 
43,608,087
0.664
65,718,378
148.6
9.18
0.98
1995
 
44,589,079
0.678
65,810,253
148.8
0.14
0.95
1996
 
48,649,361
0.692
70,299,497
158.9
6.82
0.98
1997
 
50,966,423
0.704
72,388,290
163.6
2.97
0.96
1998
 
53,438,326
0.710
75,300,247
170.2
4.02
0.94
1999
 
55,618,867
0.720
77,247,354
174.6
2.59
0.91
2000
 
59,219,351
0.738
80,219,109
181.3
3.85
0.90
2001
 
60,578,124
0.753
80,446,899
181.8
0.28
0.88
2002
 
61,905,637
0.763
81,144,089
183.4
0.87
0.88
2003
 
64,174,446
0.779
82,386,892
186.2
1.53
0.89
2004
 
70,686,311
0.798
88,549,377
200.2
7.48
0.92
2005
 
73,000,507
0.821
88,887,342
200.9
0.38
0.91
2006
 
76,512,614
0.844
90,611,812
204.8
1.94
0.90
2007
 
80,885,862
0.866
93,394,139
211.1
3.07
0.91
2008
 
84,476,120
0.892
94,736,032
214.1
1.44
0.94
2009
 
81,075,058
0.889
91,176,503
206.1
-3.76
0.93
2010
 
83,779,797
0.905
92,560,043
209.2
1.52
0.93
2011
 
89,364,996
0.928
96,294,336
217.7
4.03
0.95
2012
 
93,331,332
0.945
98,727,793
223.2
2.53
0.95
2013
 
97,499,356
0.958
101,794,047
230.1
3.11
0.96
2014
 
99,732,472
0.971
102,688,885
232.1
0.88
0.94
2015
 
102,280,273
0.973
105,119,552
237.6
2.37
0.93
2016
 
102,194,461
0.983
103,978,736
235.0
-1.09
0.90
2017
 
104,920,838
1.000
104,920,838
237.2
0.91
0.89
2018
 
109,311,797
1.020
107,119,070
242.1
2.10
0.88
2019
 
110,639,785
1.035
106,884,918
241.6
-0.22
0.85
2020
 
112,022,866
1.046
107,060,607
242.0
0.16
0.85
2021
 
124,247,885
1.090
113,987,840
257.7
6.47
0.87
2022
 
135,203,174
1.160
116,511,271
263.4
2.21
0.89
Source: Calculations by the Iowa Regional Economic Analysis Project (IA-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 Iowa Regional Economic Analysis Project (IA-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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