Prentiss County vs. Mississippi
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2020
Introduction
Prentiss County vs. Mississippi
Prentiss County:
2020 Earnings = $409,196K
2020 Percent of State = 0.6%
Mississippi:
2020 Earnings = $73,434,197K
2020 Percent of U.S. = 0.6%
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.
Prentiss County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Prentiss County Total Industry Earnings, 1970-2020
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Prentiss County's annual total industry earnings over 1970-2020 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Prentiss County over time.
When measured in current dollars, Prentiss County's total industry earnings increased 1,203.7%, from $31M in 1970 to $409M in 2020. When measured in constant 2012 dollars to adjust for inflation, it advanced 145.1%, from $150M in 1970 to $368M in 2020.
Real Total Industry Earnings, 1969-2020 (Millions)
Real Total Industry Earnings, 1969-2020 (Millions)
Figure 2.
Figure 2 tracks Prentiss County's and Mississippi's annual real total industry earnings for the period 1969-2020 to illustrate real total industry earnings patterns over time. During this 52-year period, Prentiss County's real total industry earnings rose from $144M in 1969 to $368M in 2020, for a net gain of $223M, or 154.6%. In comparison, Mississippi's real total industry earnings increased from $22,882M in 1969 to $66,023M in 2020, for a net gain of $43,141M, or 188.5%.
Real Total Industry Earnings Indices (1969=100): 1969-2020
Real Total Industry Earnings Indices (1969=100): 1969-2020
Figure 3.
Figure 3 portrays Prentiss County's real total industry earnings growth in a broader context by offering direct comparisons across time with Mississippi, 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.
Prentiss County's overall real total industry earnings growth was 154.6% over 1969-2020 trailed Mississippi's increase of 188.5%, and fell below the United States' increase of 262.7%.
Total Industry Earnings as a Percent of the Mississippi Total: 1969-2020
Total Industry Earnings as a Percent of the Mississippi Total: 1969-2020
Figure 4.
Another interesting and insightful way of highlighting the total industry earnings growth of Prentiss County is to compare its individual percentage contributions to Mississippi'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 Mississippi's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Prentiss County's total industry earnings comprised 0.63% of Mississippi's total industry earnings, while in 2020 it comprised 0.56% thereby yielding a -0.07% share-shift.
   
 
Total Industry Earnings Share-Shift
2020 vs. 1969
 
Share-
Shift*
 
2020
vs.
1969
-0.07%
=
0.56%
-
0.63%
 
   
Prentiss County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Prentiss County Real Total Industry Earnings:
Annual Percent Change, 1970-2020
Figure 5.
Figure 5 displays the short-run pattern of Prentiss County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2020. The average annual percent change for the entire 51-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, Prentiss County's real total industry earnings grew at an annual rate of 1.96% over 1970-2020. The county posted its highest growth in 1976 (14.94%) and recorded its lowest growth in 1980 (-12.42%). In 2020, Prentiss County's real total industry earnings grew by 2.38%
Prentiss County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
Prentiss County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2020
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 illustrates the annual percent change in Prentiss 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, and 2020.
During the 1970s, Prentiss County's annual real total industry earnings growth rate averaged 4.56%. It averaged 1.50% during the 1980s, 3.06% in the 1990s, -0.54% during the 2000s, 1.19% in the 2010s, and 2.38% in 2020.
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 Prentiss County noted in the previous graph with the corresponding decade averages for Mississippi and the nation. As the chart reveals, Prentiss County's average annual real total industry earnings growth exceeded Mississippi's average during the 1970s (4.56% vs. 4.24%), surpassed Mississippi's average during the 1980s (1.50% vs. 0.98%), fell below Mississippi's average in the 1990s (3.06% vs. 3.76%), recorded under Mississippi's average during the 2000s (-0.54% vs. 0.98%), and outgained Mississippi's average over the 10 year period of the last decade, 2010-2019 (1.19% vs. 0.92%). In 2020, Prentiss County's growth has exceeded Mississippi's average (2.38% vs. 0.70%).
Finally, relative to nationwide real total industry earnings growth trends, Prentiss County surpassed the nation throughout the 1970s (4.56% vs. 3.13%), posted below the nation in the 1980s (1.50% vs. 2.62%), recorded underneath the nation over the 1990s (3.06% vs. 3.43%), trailed the nation throughout the 2000s (-0.54% vs. 1.47%), and posted below the nation over 2010-2019 (1.19% vs. 2.52%). In 2020, growth for Prentiss County has registered above the national average (2.38% vs. 0.18%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
1.96
4.56
1.50
3.06
-0.54
1.19
2.38
 
2.15
4.24
0.98
3.76
0.98
0.92
0.70
 
2.59
3.13
2.62
3.43
1.47
2.52
0.18
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Prentiss County:
Total Industry Earnings, 1969-2020
 
1969
 
28,861
0.200
144,478
100.0
N
0.63
1970
 
31,387
0.209
150,105
103.9
3.89
0.64
1971
 
34,212
0.218
156,950
108.6
4.56
0.64
1972
 
39,776
0.225
176,453
122.1
12.43
0.65
1973
 
46,079
0.238
193,968
134.3
9.93
0.65
1974
 
48,371
0.262
184,418
127.6
-4.92
0.64
1975
 
49,157
0.284
172,997
119.7
-6.19
0.62
1976
 
59,600
0.300
198,839
137.6
14.94
0.65
1977
 
64,688
0.319
202,638
140.3
1.91
0.63
1978
 
69,937
0.341
204,824
141.8
1.08
0.62
1979
 
82,239
0.372
221,203
153.1
8.00
0.64
1980
 
79,780
0.412
193,725
134.1
-12.42
0.60
1981
 
85,908
0.449
191,456
132.5
-1.17
0.59
1982
 
91,869
0.474
193,968
134.3
1.31
0.61
1983
 
99,648
0.494
201,806
139.7
4.04
0.64
1984
 
113,508
0.512
221,509
153.3
9.76
0.66
1985
 
118,454
0.530
223,367
154.6
0.84
0.66
1986
 
122,899
0.542
226,818
157.0
1.54
0.66
1987
 
130,919
0.559
234,391
162.2
3.34
0.65
1988
 
141,428
0.580
243,682
168.7
3.96
0.66
1989
 
153,219
0.606
252,954
175.1
3.80
0.67
1990
 
168,779
0.632
266,924
184.8
5.52
0.70
1991
 
177,484
0.653
271,611
188.0
1.76
0.70
1992
 
208,402
0.671
310,644
215.0
14.37
0.76
1993
 
223,091
0.688
324,458
224.6
4.45
0.76
1994
 
233,615
0.702
332,818
230.4
2.58
0.73
1995
 
234,502
0.717
327,192
226.5
-1.69
0.70
1996
 
246,237
0.732
336,371
232.8
2.81
0.70
1997
 
254,403
0.745
341,581
236.4
1.55
0.69
1998
 
252,788
0.751
336,736
233.1
-1.42
0.64
1999
 
258,192
0.762
338,995
234.6
0.67
0.62
2000
 
271,705
0.781
347,938
240.8
2.64
0.63
2001
 
279,599
0.797
351,008
242.9
0.88
0.63
2002
 
297,231
0.807
368,307
254.9
4.93
0.66
2003
 
303,861
0.824
368,772
255.2
0.13
0.64
2004
 
307,637
0.844
364,313
252.2
-1.21
0.61
2005
 
305,759
0.869
351,949
243.6
-3.39
0.58
2006
 
305,628
0.893
342,164
236.8
-2.78
0.56
2007
 
317,909
0.916
347,009
240.2
1.42
0.56
2008
 
325,364
0.943
344,939
238.7
-0.60
0.56
2009
 
300,476
0.941
319,445
221.1
-7.39
0.53
2010
 
305,002
0.957
318,550
220.5
-0.28
0.52
2011
 
316,707
0.982
322,611
223.3
1.27
0.53
2012
 
333,974
1.000
333,974
231.2
3.52
0.54
2013
 
335,906
1.014
331,419
229.4
-0.77
0.52
2014
 
346,502
1.029
336,779
233.1
1.62
0.53
2015
 
351,838
1.031
341,206
236.2
1.31
0.53
2016
 
351,926
1.041
337,910
233.9
-0.97
0.53
2017
 
368,791
1.061
347,749
240.7
2.91
0.54
2018
 
381,703
1.083
352,391
243.9
1.33
0.54
2019
 
394,994
1.099
359,340
248.7
1.97
0.55
2020
 
409,196
1.112
367,899
254.6
2.38
0.56
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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.

   
 
Mississippi:
Total Industry Earnings, 1969-2020
 
1969
 
4,570,983
0.200
22,882,374
100.0
N
0.70
1970
 
4,881,173
0.209
23,343,725
102.0
2.02
0.70
1971
 
5,354,041
0.218
24,562,075
107.3
5.22
0.72
1972
 
6,148,419
0.225
27,275,393
119.2
11.05
0.75
1973
 
7,050,005
0.238
29,676,734
129.7
8.80
0.77
1974
 
7,532,283
0.262
28,717,385
125.5
-3.23
0.76
1975
 
7,895,309
0.284
27,785,708
121.4
-3.24
0.75
1976
 
9,112,206
0.300
30,400,367
132.9
9.41
0.78
1977
 
10,207,537
0.319
31,975,494
139.7
5.18
0.78
1978
 
11,334,115
0.341
33,194,069
145.1
3.81
0.77
1979
 
12,763,334
0.372
34,330,341
150.0
3.42
0.77
1980
 
13,197,641
0.412
32,047,110
140.1
-6.65
0.74
1981
 
14,548,264
0.449
32,422,420
141.7
1.17
0.74
1982
 
15,034,550
0.474
31,743,238
138.7
-2.09
0.73
1983
 
15,493,524
0.494
31,377,383
137.1
-1.15
0.71
1984
 
17,134,725
0.512
33,438,177
146.1
6.57
0.70
1985
 
18,020,012
0.530
33,980,147
148.5
1.62
0.69
1986
 
18,701,926
0.542
34,515,588
150.8
1.58
0.67
1987
 
20,007,676
0.559
35,820,743
156.5
3.78
0.67
1988
 
21,523,018
0.580
37,084,355
162.1
3.53
0.66
1989
 
22,798,410
0.606
37,638,529
164.5
1.49
0.66
1990
 
24,157,487
0.632
38,205,132
167.0
1.51
0.66
1991
 
25,320,179
0.653
38,748,457
169.3
1.42
0.67
1992
 
27,368,797
0.671
40,795,977
178.3
5.28
0.67
1993
 
29,359,272
0.688
42,699,427
186.6
4.67
0.69
1994
 
32,066,237
0.702
45,682,956
199.6
6.99
0.72
1995
 
33,399,569
0.717
46,601,232
203.7
2.01
0.71
1996
 
35,217,048
0.732
48,108,092
210.2
3.23
0.71
1997
 
37,125,340
0.745
49,847,391
217.8
3.62
0.70
1998
 
39,685,848
0.751
52,865,123
231.0
6.05
0.70
1999
 
41,393,847
0.762
54,348,310
237.5
2.81
0.68
2000
 
42,964,350
0.781
55,019,017
240.4
1.23
0.65
2001
 
44,730,363
0.797
56,154,418
245.4
2.06
0.65
2002
 
45,363,131
0.807
56,210,665
245.7
0.10
0.65
2003
 
47,573,728
0.824
57,736,508
252.3
2.71
0.66
2004
 
50,660,703
0.844
59,993,964
262.2
3.91
0.66
2005
 
52,759,164
0.869
60,729,274
265.4
1.23
0.66
2006
 
54,612,183
0.893
61,140,797
267.2
0.68
0.64
2007
 
56,562,506
0.916
61,740,024
269.8
0.98
0.64
2008
 
58,345,935
0.943
61,856,279
270.3
0.19
0.65
2009
 
56,292,861
0.941
59,846,549
261.5
-3.25
0.65
2010
 
58,373,278
0.957
60,966,169
266.4
1.87
0.65
2011
 
59,694,441
0.982
60,807,213
265.7
-0.26
0.63
2012
 
62,410,000
1.000
62,410,000
272.7
2.64
0.63
2013
 
65,014,164
1.014
64,145,632
280.3
2.78
0.64
2014
 
65,712,784
1.029
63,868,889
279.1
-0.43
0.61
2015
 
65,813,760
1.031
63,824,974
278.9
-0.07
0.59
2016
 
66,349,241
1.041
63,706,688
278.4
-0.19
0.58
2017
 
68,393,947
1.061
64,491,563
281.8
1.23
0.57
2018
 
70,044,411
1.083
64,665,532
282.6
0.27
0.56
2019
 
72,070,898
1.099
65,565,490
286.5
1.39
0.55
2020
 
73,434,197
1.112
66,023,104
288.5
0.70
0.56
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
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, 1969-2020
 
1969
 
653,665,000
0.200
3,272,251,702
100.0
N
1970
 
693,352,000
0.209
3,315,887,135
101.3
1.33
1971
 
742,094,000
0.218
3,404,413,249
104.0
2.67
1972
 
819,646,000
0.225
3,636,083,755
111.1
6.81
1973
 
918,964,000
0.238
3,868,344,839
118.2
6.39
1974
 
993,909,000
0.262
3,789,351,481
115.8
-2.04
1975
 
1,059,492,000
0.284
3,728,636,284
113.9
-1.60
1976
 
1,173,271,000
0.300
3,914,295,723
119.6
4.98
1977
 
1,303,767,000
0.319
4,084,099,239
124.8
4.34
1978
 
1,476,080,000
0.341
4,322,975,546
132.1
5.85
1979
 
1,648,363,000
0.372
4,433,705,417
135.5
2.56
1980
 
1,784,597,000
0.412
4,333,439,367
132.4
-2.26
1981
 
1,961,173,000
0.449
4,370,691,538
133.6
0.86
1982
 
2,053,729,000
0.474
4,336,146,359
132.5
-0.79
1983
 
2,188,018,000
0.494
4,431,159,626
135.4
2.19
1984
 
2,432,402,000
0.512
4,746,798,587
145.1
7.12
1985
 
2,615,791,000
0.530
4,932,569,629
150.7
3.91
1986
 
2,786,901,000
0.542
5,143,402,111
157.2
4.27
1987
 
2,996,000,000
0.559
5,363,888,640
163.9
4.29
1988
 
3,259,979,000
0.580
5,616,973,362
171.7
4.72
1989
 
3,467,027,000
0.606
5,723,811,332
174.9
1.90
1990
 
3,679,460,000
0.632
5,819,076,086
177.8
1.66
1991
 
3,789,428,000
0.653
5,799,109,343
177.2
-0.34
1992
 
4,059,023,000
0.671
6,050,386,811
184.9
4.33
1993
 
4,237,437,000
0.688
6,162,827,598
188.3
1.86
1994
 
4,456,948,000
0.702
6,349,561,922
194.0
3.03
1995
 
4,674,849,000
0.717
6,522,650,723
199.3
2.73
1996
 
4,956,180,000
0.732
6,770,367,740
206.9
3.80
1997
 
5,288,047,000
0.745
7,100,146,352
217.0
4.87
1998
 
5,707,014,000
0.751
7,602,256,561
232.3
7.07
1999
 
6,098,042,000
0.762
8,006,462,371
244.7
5.32
2000
 
6,598,743,000
0.781
8,450,176,719
258.2
5.54
2001
 
6,865,291,000
0.797
8,618,674,048
263.4
1.99
2002
 
7,001,002,000
0.807
8,675,128,250
265.1
0.66
2003
 
7,243,377,000
0.824
8,790,719,435
268.6
1.33
2004
 
7,674,785,000
0.844
9,088,716,649
277.8
3.39
2005
 
8,039,238,000
0.869
9,253,692,619
282.8
1.82
2006
 
8,519,349,000
0.893
9,537,794,720
291.5
3.07
2007
 
8,866,152,000
0.916
9,677,726,112
295.8
1.47
2008
 
9,014,034,000
0.943
9,556,357,275
292.0
-1.25
2009
 
8,688,852,000
0.941
9,237,366,843
282.3
-3.34
2010
 
9,023,830,000
0.957
9,424,660,825
288.0
2.03
2011
 
9,444,365,000
0.982
9,620,418,662
294.0
2.08
2012
 
9,902,321,000
1.000
9,902,321,000
302.6
2.93
2013
 
10,232,098,000
1.014
10,095,406,200
308.5
1.95
2014
 
10,688,401,000
1.029
10,388,485,426
317.5
2.90
2015
 
11,115,543,000
1.031
10,779,649,133
329.4
3.77
2016
 
11,384,770,000
1.041
10,931,338,096
334.1
1.41
2017
 
11,926,173,000
1.061
11,245,695,939
343.7
2.88
2018
 
12,515,233,000
1.083
11,554,158,127
353.1
2.74
2019
 
13,024,685,000
1.099
11,849,024,763
362.1
2.55
2020
 
13,202,475,000
1.112
11,870,060,688
362.7
0.18
Source: Calculations by the Mississippi Regional Economic Analysis Project (MS-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2021
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

Please stay tuned...
while your request is processing:

Please wait while your request is being processed...
To offer the most comprehensive set of interactive options in support of your research, MS-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
Your request will soon be available.
Just a few more seconds....Your request has been generated and is now loading the results.