Ben Hill County vs. Georgia
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Ben Hill County vs. Georgia
Ben Hill County:
2022 Earnings = $383,177K
2022 Percent of State = 0.09%
Georgia:
2022 Earnings = $440,692,787K
2022 Percent of U.S. = 2.90%
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.
Ben Hill County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Ben Hill County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Ben Hill 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 Ben Hill County over time.
When measured in current dollars, Ben Hill County's total industry earnings increased 1,225.37%, from $29M in 1970 to $383M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 125.75%, from $146M in 1970 to $330M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Ben Hill County's and Georgia'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, Ben Hill County's real total industry earnings rose from $140M in 1969 to $330M in 2022, for a net gain of $190M, or 135.55%. In comparison, Georgia's real total industry earnings advanced from $68,288M in 1969 to $379,767M in 2022, for a net gain of $311,478M, or 456.12%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Ben Hill County's real total industry earnings growth in a broader context by offering direct comparisons across time with Georgia, 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.
Ben Hill County's overall real total industry earnings growth was 135.55% over 1969-2022 trailed Georgia's increase of 456.12%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Georgia Total: 1969-2022
Total Industry Earnings as a Percent of the Georgia Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Ben Hill County is to compare its individual percentage contributions to Georgia'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 Georgia's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Ben Hill County's total industry earnings comprised 0.21% of Georgia's total industry earnings, while in 2022 it totaled 0.09% thereby yielding a -0.12% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.12%
=
0.09%
-
0.21%
 
   
Ben Hill County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Ben Hill County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Ben Hill 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, Ben Hill County's real total industry earnings grew at an annual rate of 1.81% over 1970-2022. The county recorded its highest growth in 1978 (21.99%) and posted its lowest growth in 2008 (-16.41%). In 2022, Ben Hill County's real total industry earnings declined by -0.41%
Ben Hill County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Ben Hill 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 Ben Hill 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, Ben Hill County's annual real total industry earnings growth rate averaged 4.65%. It averaged 3.17% during the 1980s, 4.80% during the 1990s, -4.37% during the 2000s, 0.14% during the 2010s, 4.05% 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 Ben Hill County noted in the previous graph with the corresponding decade averages for Georgia and the nation. As the chart reveals, Ben Hill County's average annual real total industry earnings growth topped Georgia's average in the 1970s (4.65% vs. 3.86%), lagged Georgia's average throughout the 1980s (3.17% vs. 4.31%), posted below Georgia's average during the 1990s (4.80% vs. 5.06%), lagged Georgia's average during the 2000s (-4.37% vs. 1.13%), amounted to less than Georgia's average throughout the 2010s (0.14% vs. 2.86%), and surpassed Georgia's average over the 3 year period of the current decade, 2020-2022 (4.05% vs. 1.62%).
Finally, relative to nationwide real total industry earnings growth trends, Ben Hill County outgained the nation over the 1970s (4.65% vs. 3.13%), outgained the nation during the 1980s (3.17% vs. 2.62%), outgained the nation during the 1990s (4.80% vs. 3.43%), recorded underneath the nation over the 2000s (-4.37% vs. 1.47%), lagged the nation during the 2010s (0.14% vs. 2.53%), and recorded above the nation over 2020-2022 (4.05% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.81
4.65
3.17
4.80
-4.37
0.14
4.05
-0.41
 
3.34
3.86
4.31
5.06
1.13
2.86
1.62
0.63
 
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.

   
 
Ben Hill County:
Total Industry Earnings, 1969-2022
 
1969
 
26,471
0.189
140,184
100.0
N
0.21
1970
 
28,911
0.198
146,266
104.3
4.34
0.21
1971
 
31,014
0.206
150,517
107.4
2.91
0.21
1972
 
33,641
0.213
157,880
112.6
4.89
0.20
1973
 
37,819
0.225
168,421
120.1
6.68
0.20
1974
 
42,225
0.248
170,310
121.5
1.12
0.20
1975
 
44,470
0.269
165,562
118.1
-2.79
0.21
1976
 
49,552
0.283
174,891
124.8
5.63
0.20
1977
 
53,515
0.302
177,343
126.5
1.40
0.20
1978
 
69,824
0.323
216,334
154.3
21.99
0.22
1979
 
76,312
0.351
217,147
154.9
0.38
0.22
1980
 
78,114
0.389
200,663
143.1
-7.59
0.21
1981
 
88,939
0.424
209,688
149.6
4.50
0.21
1982
 
88,737
0.448
198,202
141.4
-5.48
0.20
1983
 
100,478
0.467
215,267
153.6
8.61
0.20
1984
 
117,557
0.484
242,691
173.1
12.74
0.21
1985
 
129,390
0.501
258,119
184.1
6.36
0.21
1986
 
137,312
0.512
268,088
191.2
3.86
0.20
1987
 
145,233
0.528
275,052
196.2
2.60
0.19
1988
 
154,443
0.549
281,496
200.8
2.34
0.19
1989
 
167,219
0.573
292,029
208.3
3.74
0.19
1990
 
174,760
0.598
292,363
208.6
0.11
0.19
1991
 
187,095
0.618
302,870
216.1
3.59
0.20
1992
 
192,782
0.634
303,977
216.8
0.37
0.19
1993
 
210,282
0.650
323,511
230.8
6.43
0.19
1994
 
237,911
0.664
358,537
255.8
10.83
0.20
1995
 
252,089
0.678
372,065
265.4
3.77
0.20
1996
 
265,711
0.692
383,959
273.9
3.20
0.19
1997
 
275,228
0.704
390,910
278.9
1.81
0.19
1998
 
307,280
0.710
432,990
308.9
10.76
0.19
1999
 
334,078
0.720
463,991
331.0
7.16
0.19
2000
 
319,594
0.738
432,925
308.8
-6.70
0.17
2001
 
309,486
0.753
410,993
293.2
-5.07
0.16
2002
 
321,769
0.763
421,765
300.9
2.62
0.16
2003
 
319,789
0.779
410,544
292.9
-2.66
0.15
2004
 
347,439
0.798
435,240
310.5
6.02
0.16
2005
 
363,997
0.821
443,212
316.2
1.83
0.16
2006
 
361,814
0.844
428,486
305.7
-3.32
0.15
2007
 
329,893
0.866
380,908
271.7
-11.10
0.13
2008
 
283,912
0.892
318,394
227.1
-16.41
0.11
2009
 
257,896
0.889
290,028
206.9
-8.91
0.11
2010
 
264,017
0.905
291,686
208.1
0.57
0.11
2011
 
270,603
0.928
291,585
208.0
-0.03
0.10
2012
 
282,499
0.945
298,833
213.2
2.49
0.11
2013
 
293,444
0.958
306,370
218.5
2.52
0.11
2014
 
302,036
0.971
310,989
221.8
1.51
0.10
2015
 
305,228
0.973
313,701
223.8
0.87
0.10
2016
 
306,439
0.983
311,789
222.4
-0.61
0.09
2017
 
300,080
1.000
300,080
214.1
-3.76
0.09
2018
 
302,199
1.020
296,137
211.2
-1.31
0.08
2019
 
303,829
1.035
293,518
209.4
-0.88
0.08
2020
 
326,360
1.046
311,903
222.5
6.26
0.09
2021
 
361,396
1.090
331,553
236.5
6.30
0.09
2022
 
383,177
1.160
330,203
235.5
-0.41
0.09
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-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.

   
 
Georgia:
Total Industry Earnings, 1969-2022
 
1969
 
12,894,885
0.189
68,288,328
100.0
N
1.97
1970
 
13,722,245
0.198
69,423,480
101.7
1.66
1.98
1971
 
15,046,613
0.206
73,024,086
106.9
5.19
2.03
1972
 
16,960,015
0.213
79,594,589
116.6
9.00
2.07
1973
 
19,249,189
0.225
85,723,398
125.5
7.70
2.09
1974
 
20,683,625
0.248
83,425,261
122.2
-2.68
2.08
1975
 
21,620,361
0.269
80,492,781
117.9
-3.52
2.04
1976
 
24,415,451
0.283
86,173,194
126.2
7.06
2.08
1977
 
27,263,028
0.302
90,346,726
132.3
4.84
2.09
1978
 
31,100,766
0.323
96,358,799
141.1
6.65
2.11
1979
 
34,773,803
0.351
98,949,444
144.9
2.69
2.11
1980
 
37,748,741
0.389
96,970,666
142.0
-2.00
2.12
1981
 
42,145,086
0.424
99,363,636
145.5
2.47
2.15
1982
 
45,137,168
0.448
100,817,869
147.6
1.46
2.20
1983
 
49,563,255
0.467
106,185,738
155.5
5.32
2.27
1984
 
56,781,586
0.484
117,222,870
171.7
10.39
2.33
1985
 
62,619,633
0.501
124,919,472
182.9
6.57
2.39
1986
 
68,831,974
0.512
134,387,579
196.8
7.58
2.47
1987
 
74,539,811
0.528
141,168,537
206.7
5.05
2.49
1988
 
81,265,732
0.549
148,119,442
216.9
4.92
2.49
1989
 
85,961,457
0.573
150,122,172
219.8
1.35
2.48
1990
 
91,455,190
0.598
152,999,063
224.0
1.92
2.49
1991
 
95,155,923
0.618
154,038,791
225.6
0.68
2.51
1992
 
103,731,208
0.634
163,562,296
239.5
6.18
2.56
1993
 
110,172,375
0.650
169,495,962
248.2
3.63
2.60
1994
 
118,268,706
0.664
178,233,628
261.0
5.16
2.65
1995
 
127,124,586
0.678
187,626,688
274.8
5.27
2.72
1996
 
137,328,985
0.692
198,443,687
290.6
5.77
2.77
1997
 
146,750,084
0.704
208,431,099
305.2
5.03
2.78
1998
 
162,831,621
0.710
229,446,956
336.0
10.08
2.85
1999
 
176,615,972
0.720
245,296,554
359.2
6.91
2.90
2000
 
190,314,824
0.738
257,802,314
377.5
5.10
2.88
2001
 
199,208,762
0.753
264,546,442
387.4
2.62
2.90
2002
 
203,554,473
0.763
266,813,219
390.7
0.86
2.91
2003
 
211,086,260
0.779
270,991,681
396.8
1.57
2.91
2004
 
223,651,784
0.798
280,170,599
410.3
3.39
2.91
2005
 
234,482,171
0.821
285,511,672
418.1
1.91
2.92
2006
 
247,326,583
0.844
292,902,159
428.9
2.59
2.90
2007
 
253,924,832
0.866
293,192,042
429.3
0.10
2.86
2008
 
249,827,347
0.892
280,169,729
410.3
-4.44
2.77
2009
 
243,234,640
0.889
273,540,154
400.6
-2.37
2.80
2010
 
247,566,378
0.905
273,511,698
400.5
-0.01
2.74
2011
 
257,862,260
0.928
277,856,838
406.9
1.59
2.73
2012
 
265,590,679
0.945
280,947,256
411.4
1.11
2.70
2013
 
275,108,236
0.958
287,226,314
420.6
2.23
2.70
2014
 
291,697,444
0.971
300,344,358
439.8
4.57
2.75
2015
 
310,165,998
0.973
318,776,142
466.8
6.14
2.81
2016
 
323,563,225
0.983
329,212,512
482.1
3.27
2.86
2017
 
340,940,643
1.000
340,940,643
499.3
3.56
2.88
2018
 
357,333,989
1.020
350,166,089
512.8
2.71
2.87
2019
 
374,855,168
1.035
362,133,421
530.3
3.42
2.89
2020
 
377,410,950
1.046
360,692,837
528.2
-0.40
2.87
2021
 
411,375,584
1.090
377,405,330
552.7
4.63
2.88
2022
 
440,692,787
1.160
379,766,799
556.1
0.63
2.90
Source: Calculations by the Georgia Regional Economic Analysis Project (GA-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 Georgia Regional Economic Analysis Project (GA-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
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