Lemhi County vs. Idaho
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Lemhi County vs. Idaho
Lemhi County:
2022 Earnings = $210,626K
2022 Percent of State = 0.30%
Idaho:
2022 Earnings = $70,592,136K
2022 Percent of U.S. = 0.46%
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.
Lemhi County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Lemhi County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Lemhi 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 Lemhi County over time.
When measured in current dollars, Lemhi County's total industry earnings increased 1,562.40%, from $13M in 1970 to $211M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 183.16%, from $64M in 1970 to $182M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Lemhi County's and Idaho'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, Lemhi County's real total industry earnings rose from $62M in 1969 to $182M in 2022, for a net gain of $120M, or 194.70%. In comparison, Idaho's real total industry earnings advanced from $10,278M in 1969 to $60,833M in 2022, for a net advance of $50,555M, or 491.86%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Lemhi County's real total industry earnings growth in a broader context by offering direct comparisons across time with Idaho, 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.
Lemhi County's overall real total industry earnings growth was 194.70% over 1969-2022 trailed Idaho's increase of 491.86%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Idaho Total: 1969-2022
Total Industry Earnings as a Percent of the Idaho Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Lemhi County is to compare its individual percentage contributions to Idaho'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 Idaho's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Lemhi County's total industry earnings comprised 0.60% of Idaho's total industry earnings, while in 2022 it equated to 0.30% thereby yielding a -0.30% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.30%
=
0.30%
-
0.60%
 
   
Lemhi County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Lemhi County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Lemhi 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, Lemhi County's real total industry earnings grew at an annual rate of 2.23% over 1970-2022. The county posted its highest growth in 1972 (15.16%) and posted its lowest growth in 1982 (-10.83%). In 2022, Lemhi County's real total industry earnings grew by 2.23%
Lemhi County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Lemhi 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 shows the annual percent change in Lemhi 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, Lemhi County's annual real total industry earnings growth rate averaged 5.68%. It averaged -1.89% during the 1980s, 4.53% in the 1990s, -0.90% in the 2000s, 3.06% during the 2010s, 4.34% 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 Lemhi County noted in the previous graph with the corresponding decade averages for Idaho and the nation. As the chart reveals, Lemhi County's average annual real total industry earnings growth outgained Idaho's average during the 1970s (5.68% vs. 5.00%), amounted to less than Idaho's average in the 1980s (-1.89% vs. 1.55%), lagged Idaho's average in the 1990s (4.53% vs. 4.92%), trailed Idaho's average in the 2000s (-0.90% vs. 1.93%), lagged Idaho's average throughout the 2010s (3.06% vs. 3.58%), and posted below Idaho's average over the 3 year period of the current decade, 2020-2022 (4.34% vs. 4.76%).
Finally, relative to nationwide real total industry earnings growth trends, Lemhi County topped the nation over the 1970s (5.68% vs. 3.13%), lagged the nation throughout the 1980s (-1.89% vs. 2.62%), recorded above the nation throughout the 1990s (4.53% vs. 3.43%), fell under the nation during the 2000s (-0.90% vs. 1.47%), topped the nation in the 2010s (3.06% vs. 2.53%), and exceeded the nation over 2020-2022 (4.34% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.23
5.68
-1.89
4.53
-0.90
3.06
4.34
2.23
 
3.47
5.00
1.55
4.92
1.93
3.58
4.76
2.28
 
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.

   
 
Lemhi County:
Total Industry Earnings, 1969-2022
 
1969
 
11,630
0.189
61,590
100.0
N
0.60
1970
 
12,670
0.198
64,100
104.1
4.08
0.60
1971
 
13,697
0.206
66,474
107.9
3.70
0.60
1972
 
16,312
0.213
76,553
124.3
15.16
0.62
1973
 
18,885
0.225
84,102
136.6
9.86
0.62
1974
 
19,074
0.248
76,933
124.9
-8.52
0.53
1975
 
19,909
0.269
74,121
120.3
-3.65
0.53
1976
 
23,989
0.283
84,668
137.5
14.23
0.57
1977
 
26,611
0.302
88,186
143.2
4.15
0.58
1978
 
30,265
0.323
93,769
152.2
6.33
0.56
1979
 
36,745
0.351
104,559
169.8
11.51
0.63
1980
 
41,404
0.389
106,360
172.7
1.72
0.65
1981
 
42,240
0.424
99,587
161.7
-6.37
0.62
1982
 
39,759
0.448
88,805
144.2
-10.83
0.58
1983
 
38,453
0.467
82,383
133.8
-7.23
0.51
1984
 
38,638
0.484
79,766
129.5
-3.18
0.48
1985
 
38,099
0.501
76,003
123.4
-4.72
0.45
1986
 
37,513
0.512
73,240
118.9
-3.64
0.44
1987
 
40,157
0.528
76,052
123.5
3.84
0.44
1988
 
45,986
0.549
83,817
136.1
10.21
0.46
1989
 
48,607
0.573
84,887
137.8
1.28
0.44
1990
 
52,957
0.598
88,594
143.8
4.37
0.44
1991
 
52,801
0.618
85,474
138.8
-3.52
0.42
1992
 
58,838
0.634
92,775
150.6
8.54
0.42
1993
 
66,227
0.650
101,888
165.4
9.82
0.43
1994
 
73,141
0.664
110,225
179.0
8.18
0.44
1995
 
81,369
0.678
120,095
195.0
8.95
0.47
1996
 
79,010
0.692
114,171
185.4
-4.93
0.43
1997
 
86,578
0.704
122,968
199.7
7.70
0.46
1998
 
92,027
0.710
129,676
210.5
5.45
0.45
1999
 
94,092
0.720
130,682
212.2
0.78
0.42
2000
 
90,994
0.738
123,261
200.1
-5.68
0.37
2001
 
86,722
0.753
115,166
187.0
-6.57
0.35
2002
 
86,152
0.763
112,926
183.4
-1.95
0.33
2003
 
91,251
0.779
117,148
190.2
3.74
0.34
2004
 
97,978
0.798
122,738
199.3
4.77
0.34
2005
 
101,056
0.821
123,048
199.8
0.25
0.34
2006
 
105,880
0.844
125,391
203.6
1.90
0.32
2007
 
111,505
0.866
128,748
209.0
2.68
0.32
2008
 
110,541
0.892
123,967
201.3
-3.71
0.32
2009
 
105,374
0.889
118,503
192.4
-4.41
0.32
2010
 
111,621
0.905
123,319
200.2
4.06
0.33
2011
 
113,319
0.928
122,106
198.3
-0.98
0.32
2012
 
121,234
0.945
128,244
208.2
5.03
0.33
2013
 
121,754
0.958
127,117
206.4
-0.88
0.31
2014
 
128,122
0.971
131,920
214.2
3.78
0.32
2015
 
132,887
0.973
136,576
221.8
3.53
0.31
2016
 
136,369
0.983
138,750
225.3
1.59
0.31
2017
 
143,734
1.000
143,734
233.4
3.59
0.30
2018
 
154,271
1.020
151,176
245.5
5.18
0.30
2019
 
165,465
1.035
159,849
259.5
5.74
0.30
2020
 
177,314
1.046
169,460
275.1
6.01
0.30
2021
 
193,530
1.090
177,549
288.3
4.77
0.30
2022
 
210,626
1.160
181,507
294.7
2.23
0.30
Source: Calculations by the Idaho Regional Economic Analysis Project (ID-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.

   
 
Idaho:
Total Industry Earnings, 1969-2022
 
1969
 
1,940,837
0.189
10,278,224
100.0
N
0.30
1970
 
2,109,689
0.198
10,673,323
103.8
3.84
0.30
1971
 
2,270,103
0.206
11,017,243
107.2
3.22
0.31
1972
 
2,622,172
0.213
12,306,045
119.7
11.70
0.32
1973
 
3,055,068
0.225
13,605,291
132.4
10.56
0.33
1974
 
3,594,491
0.248
14,498,008
141.1
6.56
0.36
1975
 
3,755,533
0.269
13,981,880
136.0
-3.56
0.35
1976
 
4,237,234
0.283
14,955,119
145.5
6.96
0.36
1977
 
4,620,907
0.302
15,313,186
149.0
2.39
0.35
1978
 
5,377,412
0.323
16,660,714
162.1
8.80
0.36
1979
 
5,828,047
0.351
16,583,806
161.3
-0.46
0.35
1980
 
6,376,209
0.389
16,379,493
159.4
-1.23
0.36
1981
 
6,862,295
0.424
16,178,934
157.4
-1.22
0.35
1982
 
6,843,620
0.448
15,285,832
148.7
-5.52
0.33
1983
 
7,543,115
0.467
16,160,586
157.2
5.72
0.34
1984
 
8,046,458
0.484
16,611,528
161.6
2.79
0.33
1985
 
8,389,423
0.501
16,736,002
162.8
0.75
0.32
1986
 
8,544,914
0.512
16,683,094
162.3
-0.32
0.31
1987
 
9,103,354
0.528
17,240,548
167.7
3.34
0.30
1988
 
10,009,549
0.549
18,243,961
177.5
5.82
0.31
1989
 
11,003,255
0.573
19,215,967
187.0
5.33
0.32
1990
 
12,071,286
0.598
20,194,540
196.5
5.09
0.33
1991
 
12,664,353
0.618
20,501,106
199.5
1.52
0.33
1992
 
14,016,026
0.634
22,100,325
215.0
7.80
0.35
1993
 
15,424,480
0.650
23,729,969
230.9
7.37
0.36
1994
 
16,478,251
0.664
24,833,099
241.6
4.65
0.37
1995
 
17,402,868
0.678
25,685,374
249.9
3.43
0.37
1996
 
18,327,014
0.692
26,482,976
257.7
3.11
0.37
1997
 
18,998,058
0.704
26,983,195
262.5
1.89
0.36
1998
 
20,669,390
0.710
29,125,354
283.4
7.94
0.36
1999
 
22,307,327
0.720
30,981,968
301.4
6.37
0.37
2000
 
24,303,725
0.738
32,922,063
320.3
6.26
0.37
2001
 
25,019,718
0.753
33,225,835
323.3
0.92
0.36
2002
 
25,967,885
0.763
34,037,940
331.2
2.44
0.37
2003
 
26,468,552
0.779
33,980,219
330.6
-0.17
0.37
2004
 
28,523,968
0.798
35,732,231
347.6
5.16
0.37
2005
 
30,155,866
0.821
36,718,577
357.2
2.76
0.38
2006
 
33,105,330
0.844
39,205,744
381.4
6.77
0.39
2007
 
34,919,626
0.866
40,319,635
392.3
2.84
0.39
2008
 
34,661,933
0.892
38,871,743
378.2
-3.59
0.38
2009
 
33,163,850
0.889
37,295,858
362.9
-4.05
0.38
2010
 
34,049,944
0.905
37,618,428
366.0
0.86
0.38
2011
 
35,184,314
0.928
37,912,497
368.9
0.78
0.37
2012
 
36,200,165
0.945
38,293,275
372.6
1.00
0.37
2013
 
38,674,114
0.958
40,377,647
392.8
5.44
0.38
2014
 
40,464,326
0.971
41,663,828
405.4
3.19
0.38
2015
 
42,640,697
0.973
43,824,394
426.4
5.19
0.39
2016
 
44,301,374
0.983
45,074,859
438.5
2.85
0.39
2017
 
47,206,399
1.000
47,206,399
459.3
4.73
0.40
2018
 
50,826,360
1.020
49,806,815
484.6
5.51
0.41
2019
 
54,800,329
1.035
52,940,528
515.1
6.29
0.42
2020
 
58,963,725
1.046
56,351,818
548.3
6.44
0.45
2021
 
64,832,265
1.090
59,478,597
578.7
5.55
0.45
2022
 
70,592,136
1.160
60,832,740
591.9
2.28
0.46
Source: Calculations by the Idaho Regional Economic Analysis Project (ID-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 Idaho Regional Economic Analysis Project (ID-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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