Metropolitan New Hampshire vs. New Hampshire
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Metropolitan New Hampshire vs. New Hampshire
Metropolitan New Hampshire:
2022 Earnings = $47,580,853K
2022 Percent of State = 67.21%
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.
Metropolitan New Hampshire Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Metropolitan New Hampshire Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Metropolitan New Hampshire'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 Metropolitan New Hampshire over time.
When measured in current dollars, Metropolitan New Hampshire's total industry earnings increased 3,571.76%, from $1,296M in 1970 to $47,581M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 525.42%, from $6,556M in 1970 to $41,003M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 traces Metropolitan New Hampshire'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, Metropolitan New Hampshire's real total industry earnings rose from $6,452M in 1969 to $41,003M in 2022, for a net gain of $34,551M, or 535.49%. In comparison, New Hampshire's real total industry earnings increased 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 Metropolitan New Hampshire'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.
Metropolitan New Hampshire's overall real total industry earnings growth was 535.49% over 1969-2022 outpaced New Hampshire's increase of 469.26%, and outpaced 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 comparing the total industry earnings growth of Metropolitan New Hampshire 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, Metropolitan New Hampshire's total industry earnings totaled 60.21% of New Hampshire's total industry earnings, while in 2022 it comprised 67.21% thereby yielding a +7.00% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
+7.00%
=
67.21%
-
60.21%
 
   
Metropolitan New Hampshire Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Metropolitan New Hampshire Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Metropolitan New Hampshire'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, Metropolitan New Hampshire's real total industry earnings grew at an annual rate of 3.64% over 1970-2022. Metropolitan New Hampshire posted its highest growth in 2000 (11.63%) and recorded its lowest growth in 1990 (-4.83%). In 2022, Metropolitan New Hampshire's real total industry earnings declined by -3.31%
Metropolitan New Hampshire Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Metropolitan New Hampshire Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some metropolitan regions 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 Metropolitan New Hampshire'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, 2010s, and 2020-2022.
During the 1970s, Metropolitan New Hampshire's annual real total industry earnings growth rate averaged 4.76%. It averaged 5.68% in the 1980s, 3.76% throughout the 1990s, 1.60% during the 2000s, 2.58% throughout the 2010s, 2.94% 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 Metropolitan New Hampshire noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Metropolitan New Hampshire's average annual real total industry earnings growth outperformed New Hampshire's average throughout the 1970s (4.76% vs. 4.40%), outgained New Hampshire's average during the 1980s (5.68% vs. 5.41%), surpassed New Hampshire's average throughout the 1990s (3.76% vs. 3.50%), recorded under New Hampshire's average throughout the 2000s (1.60% vs. 2.04%), registered above New Hampshire's average in the 2010s (2.58% vs. 1.86%), and led New Hampshire's average over the 3 year period of the current decade, 2020-2022 (2.94% vs. 2.87%).
Finally, relative to nationwide real total industry earnings growth trends, Metropolitan New Hampshire outperformed the nation over the 1970s (4.76% vs. 3.13%), topped the nation during the 1980s (5.68% vs. 2.62%), led the nation over the 1990s (3.76% vs. 3.43%), outgained the nation over the 2000s (1.60% vs. 1.47%), registered above the nation throughout the 2010s (2.58% vs. 2.53%), and surpassed the nation over 2020-2022 (2.94% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
3.64
4.76
5.68
3.76
1.60
2.58
2.94
-3.31
 
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.

   
 
Metropolitan New Hampshire:
Total Industry Earnings, 1969-2022
 
1969
 
1,218,369
0.189
6,452,200
100.0
N
60.21
1970
 
1,295,861
0.198
6,556,010
101.6
1.61
60.52
1971
 
1,384,864
0.206
6,721,009
104.2
2.52
60.28
1972
 
1,528,029
0.213
7,171,152
111.1
6.70
59.86
1973
 
1,742,394
0.225
7,759,492
120.3
8.20
60.02
1974
 
1,867,812
0.248
7,533,626
116.8
-2.91
59.72
1975
 
1,967,660
0.269
7,325,614
113.5
-2.76
59.71
1976
 
2,285,206
0.283
8,065,528
125.0
10.10
60.17
1977
 
2,623,999
0.302
8,695,649
134.8
7.81
60.84
1978
 
3,097,853
0.323
9,598,008
148.8
10.38
61.62
1979
 
3,574,283
0.351
10,170,683
157.6
5.97
62.20
1980
 
3,995,868
0.389
10,264,766
159.1
0.93
62.82
1981
 
4,462,591
0.424
10,521,257
163.1
2.50
63.38
1982
 
4,904,972
0.448
10,955,690
169.8
4.13
64.60
1983
 
5,556,650
0.467
11,904,726
184.5
8.66
65.27
1984
 
6,253,135
0.484
12,909,298
200.1
8.44
65.04
1985
 
7,051,639
0.501
14,067,266
218.0
8.97
65.36
1986
 
7,893,982
0.512
15,412,214
238.9
9.56
65.11
1987
 
8,831,478
0.528
16,725,651
259.2
8.52
64.44
1988
 
9,716,374
0.549
17,709,604
274.5
5.88
64.24
1989
 
10,062,102
0.573
17,572,348
272.3
-0.78
63.88
1990
 
9,996,965
0.598
16,724,325
259.2
-4.83
63.97
1991
 
9,938,793
0.618
16,088,958
249.4
-3.80
63.67
1992
 
10,694,210
0.634
16,862,520
261.3
4.81
63.93
1993
 
11,097,076
0.650
17,072,425
264.6
1.24
63.53
1994
 
11,807,645
0.664
17,794,389
275.8
4.23
63.40
1995
 
12,670,254
0.678
18,700,378
289.8
5.09
64.16
1996
 
13,611,006
0.692
19,668,231
304.8
5.18
64.57
1997
 
14,837,951
0.704
21,074,539
326.6
7.15
64.97
1998
 
16,673,428
0.710
23,494,621
364.1
11.48
65.19
1999
 
18,110,918
0.720
25,153,703
389.8
7.06
65.45
2000
 
20,728,898
0.738
28,079,567
435.2
11.63
66.63
2001
 
20,877,523
0.753
27,725,058
429.7
-1.26
63.12
2002
 
21,186,659
0.763
27,770,850
430.4
0.17
62.39
2003
 
21,994,202
0.779
28,236,067
437.6
1.68
62.97
2004
 
23,521,434
0.798
29,465,512
456.7
4.35
63.78
2005
 
24,608,909
0.821
29,964,456
464.4
1.69
63.87
2006
 
25,955,933
0.844
30,738,907
476.4
2.58
63.39
2007
 
26,544,629
0.866
30,649,519
475.0
-0.29
63.93
2008
 
26,535,931
0.892
29,758,810
461.2
-2.91
63.71
2009
 
26,037,767
0.889
29,281,910
453.8
-1.60
62.58
2010
 
27,085,599
0.905
29,924,210
463.8
2.19
62.30
2011
 
28,141,452
0.928
30,323,533
470.0
1.33
63.29
2012
 
28,805,135
0.945
30,470,661
472.3
0.49
63.82
2013
 
29,512,521
0.958
30,812,500
477.6
1.12
64.48
2014
 
31,121,529
0.971
32,044,078
496.6
4.00
65.62
2015
 
32,387,926
0.973
33,287,008
515.9
3.88
66.17
2016
 
33,655,032
0.983
34,242,636
530.7
2.87
66.47
2017
 
35,204,386
1.000
35,204,386
545.6
2.81
66.79
2018
 
37,001,089
1.020
36,258,870
562.0
3.00
67.00
2019
 
39,068,461
1.035
37,742,565
585.0
4.09
67.13
2020
 
40,479,113
1.046
38,686,016
599.6
2.50
66.98
2021
 
46,223,036
1.090
42,406,066
657.2
9.62
67.58
2022
 
47,580,853
1.160
41,002,777
635.5
-3.31
67.21
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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