Obion County vs. Tennessee
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Obion County vs. Tennessee
Obion County:
2022 Earnings = $897,816K
2022 Percent of State = 0.30%
Tennessee:
2022 Earnings = $303,722,111K
2022 Percent of U.S. = 2.00%
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.
Obion County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Obion County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Obion 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 Obion County over time.
When measured in current dollars, Obion County's total industry earnings increased 911.22%, from $89M in 1970 to $898M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 72.25%, from $449M in 1970 to $774M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Obion County's and Tennessee'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, Obion County's real total industry earnings rose from $357M in 1969 to $774M in 2022, for a net gain of $416M, or 116.60%. In comparison, Tennessee's real total industry earnings increased from $54,193M in 1969 to $261,732M in 2022, for a net advance of $207,540M, or 382.96%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Obion County's real total industry earnings growth in a broader context by offering direct comparisons across time with Tennessee, 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.
Obion County's overall real total industry earnings growth was 116.60% over 1969-2022 trailed Tennessee's increase of 382.96%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Tennessee Total: 1969-2022
Total Industry Earnings as a Percent of the Tennessee Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Obion County is to trace its individual percentage contributions to Tennessee'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 Tennessee's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Obion County's total industry earnings totaled 0.66% of Tennessee's total industry earnings, while in 2022 it totaled 0.30% thereby yielding a -0.36% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.36%
=
0.30%
-
0.66%
 
   
Obion County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Obion County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Obion 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, Obion County's real total industry earnings grew at an annual rate of 1.75% over 1970-2022. The county posted its highest growth in 1970 (25.75%) and posted its lowest growth in 2012 (-20.43%). In 2022, Obion County's real total industry earnings grew by 1.56%
Obion County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Obion 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 Obion 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, Obion County's annual real total industry earnings growth rate averaged 6.13%. It averaged 2.73% in the 1980s, 1.66% throughout the 1990s, -0.21% throughout the 2000s, -2.43% throughout the 2010s, 4.59% 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 Obion County noted in the previous graph with the corresponding decade averages for Tennessee and the nation. As the chart reveals, Obion County's average annual real total industry earnings growth registered above Tennessee's average during the 1970s (6.13% vs. 4.14%), recorded above Tennessee's average during the 1980s (2.73% vs. 2.69%), recorded under Tennessee's average throughout the 1990s (1.66% vs. 4.41%), posted below Tennessee's average during the 2000s (-0.21% vs. 1.11%), fell below Tennessee's average during the 2010s (-2.43% vs. 2.88%), and outgained Tennessee's average over the 3 year period of the current decade, 2020-2022 (4.59% vs. 3.29%).
Finally, relative to nationwide real total industry earnings growth trends, Obion County surpassed the nation throughout the 1970s (6.13% vs. 3.13%), outperformed the nation during the 1980s (2.73% vs. 2.62%), fell below the nation over the 1990s (1.66% vs. 3.43%), fell under the nation in the 2000s (-0.21% vs. 1.47%), fell under the nation throughout the 2010s (-2.43% vs. 2.53%), and exceeded the nation over 2020-2022 (4.59% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.75
6.13
2.73
1.66
-0.21
-2.43
4.59
1.56
 
3.06
4.14
2.69
4.41
1.11
2.88
3.29
1.98
 
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.

   
 
Obion County:
Total Industry Earnings, 1969-2022
 
1969
 
67,450
0.189
357,200
100.0
N
0.66
1970
 
88,785
0.198
449,180
125.8
25.75
0.82
1971
 
97,050
0.206
471,002
131.9
4.86
0.81
1972
 
112,495
0.213
527,947
147.8
12.09
0.83
1973
 
135,667
0.225
604,173
169.1
14.44
0.88
1974
 
140,487
0.248
566,640
158.6
-6.21
0.84
1975
 
144,959
0.269
539,684
151.1
-4.76
0.83
1976
 
157,282
0.283
555,119
155.4
2.86
0.79
1977
 
187,237
0.302
620,483
173.7
11.77
0.84
1978
 
210,773
0.323
653,033
182.8
5.25
0.82
1979
 
218,591
0.351
622,004
174.1
-4.75
0.77
1980
 
227,162
0.389
583,544
163.4
-6.18
0.75
1981
 
247,080
0.424
582,530
163.1
-0.17
0.75
1982
 
242,059
0.448
540,660
151.4
-7.19
0.71
1983
 
283,450
0.467
607,271
170.0
12.32
0.77
1984
 
342,995
0.484
708,097
198.2
16.60
0.83
1985
 
353,693
0.501
705,580
197.5
-0.36
0.80
1986
 
379,507
0.512
740,950
207.4
5.01
0.80
1987
 
397,799
0.528
753,379
210.9
1.68
0.77
1988
 
456,451
0.549
831,953
232.9
10.43
0.81
1989
 
453,149
0.573
791,375
221.5
-4.88
0.76
1990
 
441,281
0.598
738,237
206.7
-6.71
0.70
1991
 
426,435
0.618
690,315
193.3
-6.49
0.64
1992
 
477,188
0.634
752,425
210.6
9.00
0.65
1993
 
502,789
0.650
773,522
216.6
2.80
0.65
1994
 
536,720
0.664
808,849
226.4
4.57
0.64
1995
 
571,206
0.678
843,059
236.0
4.23
0.64
1996
 
568,051
0.692
820,847
229.8
-2.63
0.61
1997
 
585,976
0.704
832,270
233.0
1.39
0.59
1998
 
641,271
0.710
903,619
253.0
8.57
0.58
1999
 
662,703
0.720
920,408
257.7
1.86
0.57
2000
 
697,921
0.738
945,411
264.7
2.72
0.57
2001
 
673,934
0.753
894,975
250.6
-5.33
0.54
2002
 
730,482
0.763
957,494
268.1
6.99
0.57
2003
 
727,395
0.779
933,827
261.4
-2.47
0.54
2004
 
736,382
0.798
922,472
258.3
-1.22
0.52
2005
 
764,792
0.821
931,231
260.7
0.95
0.52
2006
 
730,193
0.844
864,748
242.1
-7.14
0.47
2007
 
761,188
0.866
878,899
246.1
1.64
0.47
2008
 
779,765
0.892
874,470
244.8
-0.50
0.48
2009
 
795,500
0.889
894,614
250.5
2.30
0.50
2010
 
726,431
0.905
802,562
224.7
-10.29
0.44
2011
 
764,704
0.928
823,999
230.7
2.67
0.44
2012
 
619,848
0.945
655,688
183.6
-20.43
0.34
2013
 
668,760
0.958
698,218
195.5
6.49
0.36
2014
 
639,883
0.971
658,851
184.4
-5.64
0.33
2015
 
622,483
0.973
639,763
179.1
-2.90
0.30
2016
 
619,314
0.983
630,127
176.4
-1.51
0.29
2017
 
635,693
1.000
635,693
178.0
0.88
0.29
2018
 
649,974
1.020
636,936
178.3
0.20
0.28
2019
 
700,457
1.035
676,685
189.4
6.24
0.28
2020
 
746,825
1.046
713,743
199.8
5.48
0.29
2021
 
830,413
1.090
761,840
213.3
6.74
0.30
2022
 
897,816
1.160
773,693
216.6
1.56
0.30
Source: Calculations by the Tennessee Regional Economic Analysis Project (TN-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.

   
 
Tennessee:
Total Industry Earnings, 1969-2022
 
1969
 
10,233,232
0.189
54,192,830
100.0
N
1.57
1970
 
10,874,511
0.198
55,016,245
101.5
1.52
1.57
1971
 
11,934,774
0.206
57,921,737
106.9
5.28
1.61
1972
 
13,549,949
0.213
63,590,900
117.3
9.79
1.65
1973
 
15,409,376
0.225
68,623,362
126.6
7.91
1.68
1974
 
16,733,272
0.248
67,491,921
124.5
-1.65
1.68
1975
 
17,566,261
0.269
65,399,334
120.7
-3.10
1.66
1976
 
19,870,518
0.283
70,132,065
129.4
7.24
1.69
1977
 
22,242,221
0.302
73,708,315
136.0
5.10
1.71
1978
 
25,573,237
0.323
79,232,981
146.2
7.50
1.73
1979
 
28,337,443
0.351
80,634,673
148.8
1.77
1.72
1980
 
30,223,849
0.389
77,640,385
143.3
-3.71
1.69
1981
 
33,054,861
0.424
77,932,008
143.8
0.38
1.69
1982
 
34,230,154
0.448
76,456,085
141.1
-1.89
1.67
1983
 
36,624,627
0.467
78,465,650
144.8
2.63
1.67
1984
 
41,077,506
0.484
84,802,548
156.5
8.08
1.69
1985
 
44,189,520
0.501
88,153,367
162.7
3.95
1.69
1986
 
47,566,544
0.512
92,868,943
171.4
5.35
1.71
1987
 
51,861,136
0.528
98,218,128
181.2
5.76
1.73
1988
 
56,405,109
0.549
102,807,088
189.7
4.67
1.73
1989
 
59,858,333
0.573
104,535,955
192.9
1.68
1.73
1990
 
63,298,582
0.598
105,894,742
195.4
1.30
1.72
1991
 
66,335,920
0.618
107,384,854
198.2
1.41
1.75
1992
 
72,870,814
0.634
114,901,946
212.0
7.00
1.80
1993
 
77,895,424
0.650
119,839,114
221.1
4.30
1.84
1994
 
83,319,836
0.664
125,564,886
231.7
4.78
1.87
1995
 
88,702,687
0.678
130,918,746
241.6
4.26
1.90
1996
 
93,413,647
0.692
134,984,967
249.1
3.11
1.88
1997
 
99,731,877
0.704
141,650,513
261.4
4.94
1.89
1998
 
110,303,791
0.710
155,429,694
286.8
9.73
1.93
1999
 
115,606,593
0.720
160,562,482
296.3
3.30
1.90
2000
 
121,921,922
0.738
165,156,623
304.8
2.86
1.85
2001
 
124,037,951
0.753
164,720,659
304.0
-0.26
1.81
2002
 
128,528,619
0.763
168,471,535
310.9
2.28
1.84
2003
 
133,515,438
0.779
171,406,576
316.3
1.74
1.84
2004
 
142,064,931
0.798
177,966,015
328.4
3.83
1.85
2005
 
147,601,537
0.821
179,723,522
331.6
0.99
1.84
2006
 
156,151,353
0.844
184,925,809
341.2
2.89
1.83
2007
 
160,502,483
0.866
185,322,760
342.0
0.21
1.81
2008
 
162,069,993
0.892
181,753,945
335.4
-1.93
1.80
2009
 
159,149,435
0.889
178,978,458
330.3
-1.53
1.83
2010
 
164,770,290
0.905
182,038,458
335.9
1.71
1.83
2011
 
173,810,441
0.928
187,287,661
345.6
2.88
1.84
2012
 
182,666,976
0.945
193,228,866
356.6
3.17
1.85
2013
 
187,256,165
0.958
195,504,500
360.8
1.18
1.84
2014
 
194,835,601
0.971
200,611,197
370.2
2.61
1.84
2015
 
204,821,652
0.973
210,507,458
388.4
4.93
1.86
2016
 
212,224,922
0.983
215,930,286
398.4
2.58
1.88
2017
 
221,567,574
1.000
221,567,574
408.9
2.61
1.87
2018
 
233,325,390
1.020
228,645,026
421.9
3.19
1.88
2019
 
245,947,655
1.035
237,600,741
438.4
3.92
1.89
2020
 
253,418,091
1.046
242,192,470
446.9
1.93
1.93
2021
 
279,764,872
1.090
256,662,665
473.6
5.97
1.96
2022
 
303,722,111
1.160
261,732,385
483.0
1.98
2.00
Source: Calculations by the Tennessee Regional Economic Analysis Project (TN-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 Tennessee Regional Economic Analysis Project (TN-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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