Sanders County vs. Montana
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Sanders County vs. Montana
Sanders County:
2022 Earnings = $244,293K
2022 Percent of State = 0.57%
Montana:
2022 Earnings = $42,527,835K
2022 Percent of U.S. = 0.28%
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.
Sanders County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Sanders County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Sanders 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 Sanders County over time.
When measured in current dollars, Sanders County's total industry earnings increased 1,537.02%, from $15M in 1970 to $244M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 178.84%, from $75M in 1970 to $211M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Sanders County's and Montana'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, Sanders County's real total industry earnings rose from $75M in 1969 to $211M in 2022, for a net gain of $136M, or 182.47%. In comparison, Montana's real total industry earnings increased from $9,924M in 1969 to $36,648M in 2022, for a net advance of $26,724M, or 269.30%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Sanders County's real total industry earnings growth in a broader context by offering direct comparisons across time with Montana, 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.
Sanders County's overall real total industry earnings growth was 182.47% over 1969-2022 trailed Montana's increase of 269.30%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Montana Total: 1969-2022
Total Industry Earnings as a Percent of the Montana Total: 1969-2022
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Sanders County is to compare its individual percentage contributions to Montana'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 Montana's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Sanders County's total industry earnings totaled 0.75% of Montana's total industry earnings, while in 2022 it comprised 0.57% thereby yielding a -0.18% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.18%
=
0.57%
-
0.75%
 
   
Sanders County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Sanders County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 displays the short-run pattern of Sanders 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, Sanders County's real total industry earnings grew at an annual rate of 2.18% over 1970-2022. The county recorded its highest growth in 1971 (25.46%) and recorded its lowest growth in 1985 (-17.44%). In 2022, Sanders County's real total industry earnings grew by 1.27%
Sanders County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Sanders 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 Sanders 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, Sanders County's annual real total industry earnings growth rate averaged 4.86%. It averaged -1.76% during the 1980s, 2.60% during the 1990s, 2.16% throughout the 2000s, 2.09% during the 2010s, 5.40% 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 Sanders County noted in the previous graph with the corresponding decade averages for Montana and the nation. As the chart reveals, Sanders County's average annual real total industry earnings growth surpassed Montana's average in the 1970s (4.86% vs. 3.68%), recorded under Montana's average in the 1980s (-1.76% vs. -0.01%), trailed Montana's average during the 1990s (2.60% vs. 3.09%), posted below Montana's average in the 2000s (2.16% vs. 3.01%), amounted to less than Montana's average throughout the 2010s (2.09% vs. 2.42%), and recorded above Montana's average over the 3 year period of the current decade, 2020-2022 (5.40% vs. 4.55%).
Finally, relative to nationwide real total industry earnings growth trends, Sanders County recorded above the nation throughout the 1970s (4.86% vs. 3.13%), lagged the nation over the 1980s (-1.76% vs. 2.62%), posted below the nation in the 1990s (2.60% vs. 3.43%), led the nation in the 2000s (2.16% vs. 1.47%), trailed the nation over the 2010s (2.09% vs. 2.53%), and registered above the nation over 2020-2022 (5.40% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.18
4.86
-1.76
2.60
2.16
2.09
5.40
1.27
 
2.56
3.68
-0.01
3.09
3.01
2.42
4.55
3.62
 
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.

   
 
Sanders County:
Total Industry Earnings, 1969-2022
 
1969
 
14,073
0.189
74,527
100.0
N
0.75
1970
 
14,923
0.198
75,498
101.3
1.30
0.73
1971
 
19,517
0.206
94,720
127.1
25.46
0.90
1972
 
21,962
0.213
103,069
138.3
8.81
0.86
1973
 
25,368
0.225
112,973
151.6
9.61
0.85
1974
 
26,672
0.248
107,579
144.3
-4.77
0.84
1975
 
26,934
0.269
100,276
134.5
-6.79
0.79
1976
 
32,558
0.283
114,912
154.2
14.60
0.89
1977
 
35,209
0.302
116,679
156.6
1.54
0.90
1978
 
37,552
0.323
116,347
156.1
-0.28
0.81
1979
 
40,550
0.351
115,386
154.8
-0.83
0.82
1980
 
43,263
0.389
111,136
149.1
-3.68
0.83
1981
 
42,321
0.424
99,778
133.9
-10.22
0.73
1982
 
40,250
0.448
89,902
120.6
-9.90
0.68
1983
 
44,673
0.467
95,709
128.4
6.46
0.72
1984
 
49,824
0.484
102,859
138.0
7.47
0.77
1985
 
42,569
0.501
84,921
113.9
-17.44
0.66
1986
 
45,208
0.512
88,264
118.4
3.94
0.67
1987
 
47,073
0.528
89,150
119.6
1.00
0.67
1988
 
48,856
0.549
89,048
119.5
-0.11
0.67
1989
 
53,479
0.573
93,395
125.3
4.88
0.67
1990
 
56,985
0.598
95,332
127.9
2.07
0.68
1991
 
59,066
0.618
95,616
128.3
0.30
0.64
1992
 
64,287
0.634
101,367
136.0
6.01
0.65
1993
 
69,694
0.650
107,222
143.9
5.78
0.64
1994
 
72,619
0.664
109,438
146.8
2.07
0.66
1995
 
72,246
0.678
106,630
143.1
-2.57
0.64
1996
 
72,559
0.692
104,850
140.7
-1.67
0.61
1997
 
76,828
0.704
109,120
146.4
4.07
0.63
1998
 
81,223
0.710
114,452
153.6
4.89
0.62
1999
 
86,561
0.720
120,222
161.3
5.04
0.64
2000
 
92,769
0.738
125,666
168.6
4.53
0.65
2001
 
95,767
0.753
127,177
170.6
1.20
0.65
2002
 
105,355
0.763
138,096
185.3
8.59
0.68
2003
 
114,433
0.779
146,909
197.1
6.38
0.69
2004
 
121,605
0.798
152,336
204.4
3.69
0.67
2005
 
126,026
0.821
153,453
205.9
0.73
0.64
2006
 
140,792
0.844
166,736
223.7
8.66
0.67
2007
 
145,841
0.866
168,394
225.9
0.99
0.65
2008
 
142,587
0.892
159,905
214.6
-5.04
0.62
2009
 
130,568
0.889
146,836
197.0
-8.17
0.58
2010
 
132,443
0.905
146,323
196.3
-0.35
0.56
2011
 
136,124
0.928
146,679
196.8
0.24
0.55
2012
 
140,133
0.945
148,236
198.9
1.06
0.53
2013
 
145,875
0.958
152,301
204.4
2.74
0.54
2014
 
151,822
0.971
156,323
209.8
2.64
0.55
2015
 
163,445
0.973
167,982
225.4
7.46
0.57
2016
 
163,724
0.983
166,583
223.5
-0.83
0.57
2017
 
167,972
1.000
167,972
225.4
0.83
0.56
2018
 
174,529
1.020
171,028
229.5
1.82
0.56
2019
 
186,311
1.035
179,988
241.5
5.24
0.56
2020
 
202,486
1.046
193,517
259.7
7.52
0.58
2021
 
226,594
1.090
207,882
278.9
7.42
0.59
2022
 
244,293
1.160
210,519
282.5
1.27
0.57
Source: Calculations by the Montana Regional Economic Analysis Project (MT-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.

   
 
Montana:
Total Industry Earnings, 1969-2022
 
1969
 
1,873,921
0.189
9,923,852
100.0
N
0.29
1970
 
2,045,607
0.198
10,349,120
104.3
4.29
0.30
1971
 
2,169,624
0.206
10,529,600
106.1
1.74
0.29
1972
 
2,557,335
0.213
12,001,760
120.9
13.98
0.31
1973
 
2,979,658
0.225
13,269,463
133.7
10.56
0.32
1974
 
3,170,700
0.248
12,788,690
128.9
-3.62
0.32
1975
 
3,409,995
0.269
12,695,439
127.9
-0.73
0.32
1976
 
3,644,033
0.283
12,861,444
129.6
1.31
0.31
1977
 
3,909,661
0.302
12,956,194
130.6
0.74
0.30
1978
 
4,664,031
0.323
14,450,462
145.6
11.53
0.32
1979
 
4,924,780
0.351
14,013,545
141.2
-3.02
0.30
1980
 
5,227,899
0.389
13,429,662
135.3
-4.17
0.29
1981
 
5,788,716
0.424
13,647,804
137.5
1.62
0.30
1982
 
5,885,709
0.448
13,146,253
132.5
-3.67
0.29
1983
 
6,165,828
0.467
13,209,847
133.1
0.48
0.28
1984
 
6,435,926
0.484
13,286,662
133.9
0.58
0.26
1985
 
6,440,756
0.501
12,848,620
129.5
-3.30
0.25
1986
 
6,767,052
0.512
13,211,996
133.1
2.83
0.24
1987
 
7,030,218
0.528
13,314,302
134.2
0.77
0.23
1988
 
7,258,317
0.549
13,229,412
133.3
-0.64
0.22
1989
 
7,984,527
0.573
13,944,093
140.5
5.40
0.23
1990
 
8,428,822
0.598
14,100,915
142.1
1.12
0.23
1991
 
9,178,614
0.618
14,858,377
149.7
5.37
0.24
1992
 
9,827,016
0.634
15,495,137
156.1
4.29
0.24
1993
 
10,820,733
0.650
16,647,282
167.8
7.44
0.26
1994
 
11,023,628
0.664
16,612,858
167.4
-0.21
0.25
1995
 
11,347,490
0.678
16,748,074
168.8
0.81
0.24
1996
 
11,805,788
0.692
17,059,648
171.9
1.86
0.24
1997
 
12,202,186
0.704
17,330,927
174.6
1.59
0.23
1998
 
13,071,043
0.710
18,418,480
185.6
6.28
0.23
1999
 
13,569,468
0.720
18,846,222
189.9
2.32
0.22
2000
 
14,256,331
0.738
19,311,765
194.6
2.47
0.22
2001
 
14,822,813
0.753
19,684,488
198.4
1.93
0.22
2002
 
15,505,266
0.763
20,323,847
204.8
3.25
0.22
2003
 
16,611,443
0.779
21,325,703
214.9
4.93
0.23
2004
 
18,097,136
0.798
22,670,445
228.4
6.31
0.24
2005
 
19,611,354
0.821
23,879,302
240.6
5.33
0.24
2006
 
20,887,711
0.844
24,736,749
249.3
3.59
0.25
2007
 
22,294,972
0.866
25,742,691
259.4
4.07
0.25
2008
 
22,995,278
0.892
25,788,133
259.9
0.18
0.26
2009
 
22,481,428
0.889
25,282,473
254.8
-1.96
0.26
2010
 
23,519,609
0.905
25,984,499
261.8
2.78
0.26
2011
 
24,929,846
0.928
26,862,900
270.7
3.38
0.26
2012
 
26,193,394
0.945
27,707,908
279.2
3.15
0.27
2013
 
27,020,998
0.958
28,211,230
284.3
1.82
0.27
2014
 
27,759,327
0.971
28,582,209
288.0
1.32
0.26
2015
 
28,826,078
0.973
29,626,284
298.5
3.65
0.26
2016
 
28,957,362
0.983
29,462,946
296.9
-0.55
0.26
2017
 
30,089,438
1.000
30,089,438
303.2
2.13
0.25
2018
 
31,440,622
1.020
30,809,942
310.5
2.39
0.25
2019
 
33,203,436
1.035
32,076,586
323.2
4.11
0.26
2020
 
34,984,223
1.046
33,434,532
336.9
4.23
0.27
2021
 
38,551,834
1.090
35,368,331
356.4
5.78
0.27
2022
 
42,527,835
1.160
36,648,342
369.3
3.62
0.28
Source: Calculations by the Montana Regional Economic Analysis Project (MT-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 Montana Regional Economic Analysis Project (MT-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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