Leading, Slipping, Gaining, Lagging Analysis:
Assessing Local Government Earnings Growth
Across South Dakota Counties
Real* Local Government
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Local Government
Earnings Growth
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real local government earnings growth across all of South Dakota's 66 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this South Dakota Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real local government earnings growth of South Dakota's 66 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Local Government
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Local Government
Earnings Growth
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
This figure displays the 66 counties of South Dakota as dots on a scattergram, with the vertical axis representing the average annual real local government earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real local government earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real local government earnings growth exceeded the statewide average of 3.36%, by portraying them in the top two quadrants demarcated at 3.36% on the vertical axis. County whose long-term average annual real local government earnings growth rate trailed the statewide average (3.36%) are distributed in the bottom two quadrants. In all, 16 counties surpassed the statewide average over 2010-2022, while 33 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 19 counties whose most recent (2022) real local government earnings growth rate exceeded the statewide average (3.31%). The two quadrants on the left feature those 30 counties whose real local government earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 66 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 3.36% over 2010-2022 and 3.31% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real local government earnings growth rate surpassed the statewide average both long-term (3.36%) and near-term (3.31%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real local government earnings growth rate exceeded the statewide average (3.36%), but whose near-term growth has "slipped" by falling below the South Dakota average (3.31%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real local government earnings growth rate fell below the statewide average (3.36%), but whose near-term growth has "gained" by registering above the average (3.31%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real local government earnings growth rate fell under the statewide average both long-term (3.36%) and near-term (3.31%).
   
 
Summary of South Dakota's 66 County Totals
 
Short Term Average
 
 
Below
(3.31%)
Above
(3.31%)
 
Long
Term
Average
Above
(3.36%)
6
10
16
Below
(3.36%)
24
9
33
 
30
19
49
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the South Dakota counties classified as Leading. These counties surpassed South Dakota's average annual real local government earnings growth both long-term (2010-2022 = 3.36%) as well as near-term (2022 = 3.31%). Each is identified by its corresponding ranking based on it's average annual real local government earnings growth rate over 2010-2022.
Of South Dakota's 66 counties, 10 (15%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
This figure depicts the distribution of the 6 South Dakota counties classified as Slipping (top-left quadrant), in that their long-term average annual real local government earnings growth rate outpaced the average statewide (2010-2022 = 3.36%), while they trailed the statewide average near-term (2022 = 3.31%). Again, each county is identified by it's corresponding ranking based on its average annual real local government earnings growth rate over 2010-2022.
Only 6 (9%) of South Dakota's 66 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
This figure shows the distribution of the 9 South Dakota counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real local government earnings growth rate posted below the average statewide (2010-2022 = 3.36%), while they outpaced South Dakota's average near-term (2022 = 3.31%). Again, each county is identified by its corresponding ranking based on its average annual real local government earnings growth rate over 2010-2022.
Of South Dakota's 66 counties, only 14% (9) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
South Dakota:
2010-2022 = 3.36%
2022 = 3.31%
This figure depicts the distributions of the 24 South Dakota counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real local government earnings growth both long-term (2010-2022 = 3.36%) as well as near-term (2022 = 3.31%). Again, each county is identified by its corresponding ranking based on it's average annual real local government earnings growth rate over 2010-2022.
36% of South Dakota's counties, 24 of 66, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
South Dakota
Real* Local Government Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
2
4.60
 
2
9.65
50,791
 
16
3.42
 
17
3.59
106,574
 
10
3.66
 
5
7.24
50,025
 
1
7.85
 
11
5.05
108,430
 
8
3.72
 
8
6.88
16,863
 
5
3.84
 
6
7.20
547,330
 
3
4.57
 
4
8.38
37,145
 
7
3.75
 
13
4.87
6,889
 
9
3.69
 
3
8.53
76,832
 
14
3.53
 
10
6.23
41,332
Slipping Counties
 
15
3.42
 
39
0.78
89,050
 
6
3.77
 
23
2.44
14,359
 
11
3.66
 
28
2.28
9,980
 
4
4.54
 
49
-4.73
61,703
 
12
3.60
 
48
-1.91
116,672
 
13
3.57
 
26
2.35
17,411
Gaining Counties
 
40
2.25
 
12
5.04
16,202
 
31
2.73
 
16
3.69
23,864
 
32
2.60
 
7
6.89
16,186
 
29
2.76
 
15
3.78
59,608
 
18
3.30
 
9
6.48
17,310
 
24
3.03
 
19
3.33
23,121
 
22
3.08
 
14
4.77
55,246
 
46
1.47
 
1
10.72
11,587
 
25
2.98
 
18
3.42
73,809
Lagging Counties
 
48
1.39
 
47
-1.49
6,494
 
17
3.31
 
52
-6.85
18,341
 
23
3.05
 
37
1.02
16,485
 
19
3.29
 
44
-0.37
52,954
 
49
1.01
 
50
-4.90
22,746
 
42
2.10
 
41
0.26
14,250
 
28
2.77
 
25
2.39
9,246
 
33
2.51
 
38
0.91
18,257
 
44
1.79
 
21
3.05
10,643
 
43
1.91
 
42
0.00
4,530
 
30
2.75
 
43
-0.15
9,788
 
26
2.84
 
36
1.27
3,842
 
38
2.28
 
34
1.74
18,637
 
37
2.31
 
51
-5.09
10,770
 
20
3.29
 
33
1.85
14,609
 
47
1.47
 
46
-1.20
25,481
 
39
2.28
 
40
0.50
8,686
 
35
2.38
 
32
2.12
298,573
 
45
1.64
 
45
-0.69
9,199
 
21
3.08
 
31
2.14
6,494
 
41
2.24
 
22
2.54
7,658
 
34
2.44
 
29
2.18
17,193
 
36
2.34
 
27
2.34
14,433
 
27
2.79
 
20
3.26
50,657
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
30
2.18
8,167
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
24
2.43
29,309
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
35
1.58
174,545
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
3.36
 
3.31
2,768,278
 
 
 
 
 
 
 
 
 
2.47
 
2.84
1,199,218,000
November 2023
REAP_PI_CA1600N_620320_LSGL
 
   
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