Leading, Slipping, Gaining, Lagging Analysis:
Assessing Finance and Insurance Earnings Growth
Across Arkansas Counties
Real* Finance and Insurance
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Finance and Insurance
Earnings Growth
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
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 finance and insurance earnings growth across all of Arkansas' 75 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 Arkansas Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real finance and insurance earnings growth of Arkansas' 75 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* Finance and Insurance
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Finance and Insurance
Earnings Growth
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
This figure displays the 75 counties of Arkansas as dots on a scattergram, with the vertical axis representing the average annual real finance and insurance earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real finance and insurance earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real finance and insurance earnings growth exceeded the statewide average of 3.51%, by portraying them in the top two quadrants demarcated at 3.51% on the vertical axis. County whose long-term average annual real finance and insurance earnings growth rate trailed the statewide average (3.51%) are distributed in the bottom two quadrants. In all, 20 counties surpassed the statewide average over 2010-2022, while 42 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 25 counties whose most recent (2022) real finance and insurance earnings growth rate exceeded the statewide average (4.85%). The two quadrants on the left feature those 37 counties whose real finance and insurance earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 75 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 3.51% over 2010-2022 and 4.85% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real finance and insurance earnings growth rate surpassed the statewide average both long-term (3.51%) and near-term (4.85%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real finance and insurance earnings growth rate exceeded the statewide average (3.51%), but whose near-term growth has "slipped" by falling below the Arkansas average (4.85%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real finance and insurance earnings growth rate fell below the statewide average (3.51%), but whose near-term growth has "gained" by registering above the average (4.85%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real finance and insurance earnings growth rate fell under the statewide average both long-term (3.51%) and near-term (4.85%).
   
 
Summary of Arkansas' 75 County Totals
 
Short Term Average
 
 
Below
(4.85%)
Above
(4.85%)
 
Long
Term
Average
Above
(3.51%)
12
8
20
Below
(3.51%)
25
17
42
 
37
25
62
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Arkansas counties classified as Leading. These counties surpassed Arkansas' average annual real finance and insurance earnings growth both long-term (2010-2022 = 3.51%) as well as near-term (2022 = 4.85%). Each is identified by its corresponding ranking based on it's average annual real finance and insurance earnings growth rate over 2010-2022.
Of Arkansas' 75 counties, just 8 (11%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
This figure depicts the distribution of the 12 Arkansas counties classified as Slipping (top-left quadrant), in that their long-term average annual real finance and insurance earnings growth rate outpaced the average statewide (2010-2022 = 3.51%), while they trailed the statewide average near-term (2022 = 4.85%). Again, each county is identified by it's corresponding ranking based on its average annual real finance and insurance earnings growth rate over 2010-2022.
Observe that 12 (16%) of Arkansas' 75 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
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
This figure shows the distribution of the 17 Arkansas counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real finance and insurance earnings growth rate posted below the average statewide (2010-2022 = 3.51%), while they outpaced Arkansas' average near-term (2022 = 4.85%). Again, each county is identified by its corresponding ranking based on its average annual real finance and insurance earnings growth rate over 2010-2022.
Of Arkansas' 75 counties, 23% (17) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Arkansas:
2010-2022 = 3.51%
2022 = 4.85%
This figure depicts the distributions of the 25 Arkansas counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real finance and insurance earnings growth both long-term (2010-2022 = 3.51%) as well as near-term (2022 = 4.85%). Again, each county is identified by its corresponding ranking based on it's average annual real finance and insurance earnings growth rate over 2010-2022.
33% of Arkansas' counties, 25 of 75, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Arkansas
Real* Finance and Insurance Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
4
6.24
 
5
14.26
64,926
 
3
6.35
 
1
39.42
6,928
 
2
6.84
 
11
11.24
41,951
 
1
7.72
 
3
16.48
54,148
 
18
3.91
 
10
11.70
5,612
 
14
4.21
 
23
5.75
1,886,589
 
19
3.85
 
6
13.07
152,906
 
9
4.77
 
9
11.74
275,025
Slipping Counties
 
20
3.74
 
45
0.38
8,556
 
17
4.00
 
40
1.73
27,699
 
13
4.26
 
63
-11.25
14,961
 
16
4.11
 
44
0.64
114,191
 
15
4.13
 
38
2.03
96,952
 
7
4.87
 
33
2.77
95,236
 
5
5.91
 
34
2.76
50,936
 
10
4.36
 
64
-12.72
50,838
 
6
5.61
 
30
3.49
7,321
 
8
4.82
 
57
-2.39
56,278
 
12
4.26
 
43
0.73
9,942
 
11
4.36
 
31
3.38
58,238
Gaining Counties
 
26
3.13
 
27
5.04
24,386
 
36
2.19
 
17
7.65
31,821
 
28
2.81
 
24
5.73
10,246
 
30
2.57
 
26
5.50
26,295
 
25
3.16
 
12
10.01
25,772
 
23
3.27
 
20
6.88
4,819
 
24
3.21
 
14
9.41
14,913
 
55
-0.22
 
2
29.00
5,111
 
38
2.06
 
4
16.11
14,162
 
42
1.70
 
22
6.53
5,788
 
32
2.50
 
7
12.42
63,875
 
47
1.23
 
15
8.29
12,808
 
44
1.66
 
19
7.03
7,973
 
37
2.16
 
25
5.61
22,178
 
31
2.55
 
8
12.19
12,113
 
43
1.67
 
21
6.54
10,219
 
56
-1.14
 
18
7.45
8,572
Lagging Counties
 
52
0.95
 
46
0.22
10,322
 
60
-2.40
 
67
-39.62
35,596
 
34
2.25
 
61
-5.12
15,369
 
51
0.97
 
39
1.90
5,732
 
22
3.34
 
32
3.33
23,887
 
54
0.39
 
47
0.15
9,873
 
35
2.23
 
28
4.66
9,587
 
45
1.24
 
56
-2.38
10,754
 
33
2.50
 
36
2.62
7,781
 
50
0.99
 
41
1.59
8,027
 
39
1.93
 
51
-1.04
6,453
 
53
0.48
 
53
-1.92
3,315
 
62
-4.25
 
50
-0.39
2,064
 
57
-1.16
 
48
-0.11
16,429
 
48
1.10
 
58
-2.53
4,502
 
59
-2.32
 
62
-9.84
1,751
 
40
1.79
 
37
2.22
13,708
 
49
1.01
 
65
-14.09
1,604
 
58
-1.42
 
66
-20.54
6,830
 
27
2.91
 
35
2.72
2,715
 
46
1.23
 
42
1.26
2,325
 
29
2.78
 
52
-1.56
2,080
 
41
1.77
 
29
4.19
7,011
 
21
3.50
 
49
-0.30
34,437
 
61
-3.71
 
60
-4.35
1,783
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
16
7.72
10,086
 
U
U
 
54
-1.95
17,474
 
U
U
 
S
S
8,572
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
2,856
 
U
U
 
S
S
S
 
U
U
 
S
S
11,501
 
U
U
 
59
-3.11
13,069
 
U
U
 
55
-2.04
9,469
 
U
U
 
13
9.95
13,663
 
 
 
 
 
 
 
 
 
3.51
 
4.85
3,720,350
 
 
 
 
 
 
 
 
 
4.33
 
3.00
1,078,856,000
November 2023
REAP_PI_CA1600N_611000_LSGL
 
   
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