Cheshire County vs. New Hampshire
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Cheshire County vs. New Hampshire
Cheshire County:
2022 Earnings = $2,893,725K
2022 Percent of State = 4.09%
New Hampshire:
2022 Earnings = $70,795,485K
2022 Percent of U.S. = 0.47%
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.
Cheshire County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Cheshire County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Cheshire 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 Cheshire County over time.
When measured in current dollars, Cheshire County's total industry earnings increased 1,903.06%, from $144M in 1970 to $2,894M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 241.19%, from $731M in 1970 to $2,494M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Cheshire County's and New Hampshire'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, Cheshire County's real total industry earnings rose from $742M in 1969 to $2,494M in 2022, for a net gain of $1,752M, or 236.09%. In comparison, New Hampshire's real total industry earnings advanced from $10,717M in 1969 to $61,008M in 2022, for a net gain of $50,291M, or 469.26%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Cheshire County's real total industry earnings growth in a broader context by offering direct comparisons across time with New Hampshire, 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.
Cheshire County's overall real total industry earnings growth was 236.09% over 1969-2022 trailed New Hampshire's increase of 469.26%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the New Hampshire Total: 1969-2022
Total Industry Earnings as a Percent of the New Hampshire Total: 1969-2022
Figure 4.
Another interesting and insightful way of contrasting the total industry earnings growth of Cheshire County is to trace its individual percentage contributions to New Hampshire'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 New Hampshire's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Cheshire County's total industry earnings totaled 6.92% of New Hampshire's total industry earnings, while in 2022 it comprised 4.09% thereby yielding a -2.84% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-2.84%
=
4.09%
-
6.92%
 
   
Cheshire County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Cheshire County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Cheshire 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, Cheshire County's real total industry earnings grew at an annual rate of 2.41% over 1970-2022. The county posted its highest growth in 2021 (12.79%) and posted its lowest growth in 2022 (-7.81%). In 2022, Cheshire County's real total industry earnings declined by -7.81%
Cheshire County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Cheshire 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 Cheshire 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, Cheshire County's annual real total industry earnings growth rate averaged 2.97%. It averaged 4.27% throughout the 1980s, 2.54% in the 1990s, 1.87% throughout the 2000s, 0.01% during the 2010s, 3.66% 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 Cheshire County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Cheshire County's average annual real total industry earnings growth amounted to less than New Hampshire's average in the 1970s (2.97% vs. 4.40%), lagged New Hampshire's average during the 1980s (4.27% vs. 5.41%), trailed New Hampshire's average during the 1990s (2.54% vs. 3.50%), lagged New Hampshire's average in the 2000s (1.87% vs. 2.04%), posted below New Hampshire's average in the 2010s (0.01% vs. 1.86%), and led New Hampshire's average over the 3 year period of the current decade, 2020-2022 (3.66% vs. 2.87%).
Finally, relative to nationwide real total industry earnings growth trends, Cheshire County recorded underneath the nation during the 1970s (2.97% vs. 3.13%), led the nation throughout the 1980s (4.27% vs. 2.62%), recorded underneath the nation in the 1990s (2.54% vs. 3.43%), topped the nation during the 2000s (1.87% vs. 1.47%), fell below the nation in the 2010s (0.01% vs. 2.53%), and outpaced the nation over 2020-2022 (3.66% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.41
2.97
4.27
2.54
1.87
0.01
3.66
-7.81
 
3.41
4.40
5.41
3.50
2.04
1.86
2.87
-2.77
 
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.

   
 
Cheshire County:
Total Industry Earnings, 1969-2022
 
1969
 
140,106
0.189
741,969
100.0
N
6.92
1970
 
144,465
0.198
730,876
98.5
-1.50
6.75
1971
 
151,303
0.206
734,302
99.0
0.47
6.59
1972
 
168,921
0.213
792,759
106.8
7.96
6.62
1973
 
194,871
0.225
867,829
117.0
9.47
6.71
1974
 
206,317
0.248
832,158
112.2
-4.11
6.60
1975
 
211,336
0.269
786,806
106.0
-5.45
6.41
1976
 
237,342
0.283
837,688
112.9
6.47
6.25
1977
 
265,415
0.302
879,557
118.5
5.00
6.15
1978
 
304,897
0.323
944,655
127.3
7.40
6.06
1979
 
345,170
0.351
982,187
132.4
3.97
6.01
1980
 
378,833
0.389
973,163
131.2
-0.92
5.96
1981
 
415,578
0.424
979,790
132.1
0.68
5.90
1982
 
425,997
0.448
951,502
128.2
-2.89
5.61
1983
 
459,982
0.467
985,479
132.8
3.57
5.40
1984
 
513,195
0.484
1,059,467
142.8
7.51
5.34
1985
 
559,520
0.501
1,116,183
150.4
5.35
5.19
1986
 
617,045
0.512
1,204,719
162.4
7.93
5.09
1987
 
703,996
0.528
1,333,275
179.7
10.67
5.14
1988
 
774,259
0.549
1,411,208
190.2
5.85
5.12
1989
 
848,209
0.573
1,481,303
199.6
4.97
5.38
1990
 
854,898
0.598
1,430,193
192.8
-3.45
5.47
1991
 
862,821
0.618
1,396,738
188.2
-2.34
5.53
1992
 
918,345
0.634
1,448,037
195.2
3.67
5.49
1993
 
948,560
0.650
1,459,323
196.7
0.78
5.43
1994
 
1,002,487
0.664
1,510,771
203.6
3.53
5.38
1995
 
1,025,569
0.678
1,513,666
204.0
0.19
5.19
1996
 
1,094,136
0.692
1,581,053
213.1
4.45
5.19
1997
 
1,144,802
0.704
1,625,978
219.1
2.84
5.01
1998
 
1,263,385
0.710
1,780,243
239.9
9.49
4.94
1999
 
1,361,358
0.720
1,890,749
254.8
6.21
4.92
2000
 
1,444,051
0.738
1,956,126
263.6
3.46
4.64
2001
 
1,428,146
0.753
1,896,558
255.6
-3.05
4.32
2002
 
1,490,378
0.763
1,953,544
263.3
3.00
4.39
2003
 
1,543,137
0.779
1,981,073
267.0
1.41
4.42
2004
 
1,648,668
0.798
2,065,301
278.4
4.25
4.47
2005
 
1,758,451
0.821
2,141,136
288.6
3.67
4.56
2006
 
1,956,878
0.844
2,317,477
312.3
8.24
4.78
2007
 
1,914,345
0.866
2,210,381
297.9
-4.62
4.61
2008
 
1,997,434
0.892
2,240,029
301.9
1.34
4.80
2009
 
2,012,632
0.889
2,263,393
305.1
1.04
4.84
2010
 
2,033,755
0.905
2,246,896
302.8
-0.73
4.68
2011
 
2,045,841
0.928
2,204,475
297.1
-1.89
4.60
2012
 
2,042,960
0.945
2,161,085
291.3
-1.97
4.53
2013
 
2,056,056
0.958
2,146,622
289.3
-0.67
4.49
2014
 
2,067,959
0.971
2,129,260
287.0
-0.81
4.36
2015
 
2,136,289
0.973
2,195,592
295.9
3.12
4.36
2016
 
2,154,387
0.983
2,192,002
295.4
-0.16
4.25
2017
 
2,170,130
1.000
2,170,130
292.5
-1.00
4.12
2018
 
2,232,848
1.020
2,188,058
294.9
0.83
4.04
2019
 
2,342,061
1.035
2,262,577
304.9
3.41
4.02
2020
 
2,509,355
1.046
2,398,198
323.2
5.99
4.15
2021
 
2,948,289
1.090
2,704,827
364.5
12.79
4.31
2022
 
2,893,725
1.160
2,493,666
336.1
-7.81
4.09
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-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.

   
 
New Hampshire:
Total Industry Earnings, 1969-2022
 
1969
 
2,023,699
0.189
10,717,042
100.0
N
0.31
1970
 
2,141,097
0.198
10,832,222
101.1
1.07
0.31
1971
 
2,297,301
0.206
11,149,240
104.0
2.93
0.31
1972
 
2,552,460
0.213
11,978,881
111.8
7.44
0.31
1973
 
2,903,172
0.225
12,928,844
120.6
7.93
0.32
1974
 
3,127,647
0.248
12,615,041
117.7
-2.43
0.31
1975
 
3,295,119
0.269
12,267,755
114.5
-2.75
0.31
1976
 
3,798,009
0.283
13,404,895
125.1
9.27
0.32
1977
 
4,312,669
0.302
14,291,719
133.4
6.62
0.33
1978
 
5,027,183
0.323
15,575,607
145.3
8.98
0.34
1979
 
5,746,184
0.351
16,350,864
152.6
4.98
0.35
1980
 
6,361,303
0.389
16,341,202
152.5
-0.06
0.36
1981
 
7,040,895
0.424
16,600,012
154.9
1.58
0.36
1982
 
7,592,340
0.448
16,958,165
158.2
2.16
0.37
1983
 
8,513,753
0.467
18,240,108
170.2
7.56
0.39
1984
 
9,614,359
0.484
19,848,385
185.2
8.82
0.40
1985
 
10,788,271
0.501
21,521,447
200.8
8.43
0.41
1986
 
12,123,551
0.512
23,670,027
220.9
9.98
0.44
1987
 
13,705,612
0.528
25,956,615
242.2
9.66
0.46
1988
 
15,125,904
0.549
27,569,314
257.2
6.21
0.46
1989
 
15,752,234
0.573
27,509,534
256.7
-0.22
0.45
1990
 
15,626,453
0.598
26,142,121
243.9
-4.97
0.42
1991
 
15,609,742
0.618
25,269,113
235.8
-3.34
0.41
1992
 
16,728,203
0.634
26,376,857
246.1
4.38
0.41
1993
 
17,467,112
0.650
26,872,480
250.7
1.88
0.41
1994
 
18,622,921
0.664
28,065,165
261.9
4.44
0.42
1995
 
19,748,907
0.678
29,147,957
272.0
3.86
0.42
1996
 
21,079,488
0.692
30,460,367
284.2
4.50
0.43
1997
 
22,839,828
0.704
32,439,712
302.7
6.50
0.43
1998
 
25,574,938
0.710
36,037,789
336.3
11.09
0.45
1999
 
27,671,569
0.720
38,432,201
358.6
6.64
0.45
2000
 
31,110,602
0.738
42,142,724
393.2
9.65
0.47
2001
 
33,074,729
0.753
43,922,776
409.8
4.22
0.48
2002
 
33,957,235
0.763
44,510,145
415.3
1.34
0.49
2003
 
34,927,017
0.779
44,839,162
418.4
0.74
0.48
2004
 
36,877,127
0.798
46,196,308
431.1
3.03
0.48
2005
 
38,532,370
0.821
46,918,029
437.8
1.56
0.48
2006
 
40,948,524
0.844
48,494,225
452.5
3.36
0.48
2007
 
41,521,272
0.866
47,942,166
447.3
-1.14
0.47
2008
 
41,650,608
0.892
46,709,216
435.8
-2.57
0.46
2009
 
41,605,130
0.889
46,788,869
436.6
0.17
0.48
2010
 
43,475,132
0.905
48,031,390
448.2
2.66
0.48
2011
 
44,467,737
0.928
47,915,755
447.1
-0.24
0.47
2012
 
45,136,323
0.945
47,746,126
445.5
-0.35
0.46
2013
 
45,769,911
0.958
47,786,002
445.9
0.08
0.45
2014
 
47,430,428
0.971
48,836,429
455.7
2.20
0.45
2015
 
48,948,915
0.973
50,307,727
469.4
3.01
0.44
2016
 
50,633,351
0.983
51,517,389
480.7
2.40
0.45
2017
 
52,707,762
1.000
52,707,762
491.8
2.31
0.44
2018
 
55,226,178
1.020
54,118,375
505.0
2.68
0.44
2019
 
58,196,245
1.035
56,221,194
524.6
3.89
0.45
2020
 
60,436,883
1.046
57,759,720
539.0
2.74
0.46
2021
 
68,395,604
1.090
62,747,685
585.5
8.64
0.48
2022
 
70,795,485
1.160
61,007,975
569.3
-2.77
0.47
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-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 New Hampshire Regional Economic Analysis Project (NH-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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