Leading, Slipping, Gaining, Lagging Analysis:
Assessing Arts, Entertainment, and Recreation Earnings Growth
Across Rhode Island Counties
Real* Arts, Entertainment, and Recreation
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Arts, Entertainment, and Recreation
Earnings Growth
Rhode Island:
2010-2022 = 4.69%
2022 = 23.85%
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 arts, entertainment, and recreation earnings growth across all of Rhode Island's 5 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 Rhode Island Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real arts, entertainment, and recreation earnings growth of Rhode Island's 5 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* Arts, Entertainment, and Recreation
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Arts, Entertainment, and Recreation
Earnings Growth
Rhode Island:
2010-2022 = 4.69%
2022 = 23.85%
This figure displays the 5 counties of Rhode Island as dots on a scattergram, with the vertical axis representing the average annual real arts, entertainment, and recreation earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real arts, entertainment, and recreation earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real arts, entertainment, and recreation earnings growth exceeded the statewide average of 4.69%, by portraying them in the top two quadrants demarcated at 4.69% on the vertical axis. County whose long-term average annual real arts, entertainment, and recreation earnings growth rate trailed the statewide average (4.69%) are distributed in the bottom two quadrants. In all, 3 counties surpassed the statewide average over 2010-2022, while 2 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 2 counties whose most recent (2022) real arts, entertainment, and recreation earnings growth rate exceeded the statewide average (23.85%). The two quadrants on the left feature those 3 counties whose real arts, entertainment, and recreation earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 5 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 4.69% over 2010-2022 and 23.85% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real arts, entertainment, and recreation earnings growth rate surpassed the statewide average both long-term (4.69%) and near-term (23.85%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real arts, entertainment, and recreation earnings growth rate exceeded the statewide average (4.69%), but whose near-term growth has "slipped" by falling below the Rhode Island average (23.85%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real arts, entertainment, and recreation earnings growth rate fell below the statewide average (4.69%), but whose near-term growth has "gained" by registering above the average (23.85%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real arts, entertainment, and recreation earnings growth rate fell under the statewide average both long-term (4.69%) and near-term (23.85%).
   
 
Summary of Rhode Island's 5 County Totals
 
Short Term Average
 
 
Below
(23.85%)
Above
(23.85%)
 
Long
Term
Average
Above
(4.69%)
3
0
3
Below
(4.69%)
0
2
2
 
3
2
5
 
   
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Rhode Island:
2010-2022 = 4.69%
2022 = 23.85%
This figure depicts the distribution of the 3 Rhode Island counties classified as Slipping (top-left quadrant), in that their long-term average annual real arts, entertainment, and recreation earnings growth rate outpaced the average statewide (2010-2022 = 4.69%), while they trailed the statewide average near-term (2022 = 23.85%). Again, each county is identified by it's corresponding ranking based on its average annual real arts, entertainment, and recreation earnings growth rate over 2010-2022.
Observe that 3 (60%) of Rhode Island's 5 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
Rhode Island:
2010-2022 = 4.69%
2022 = 23.85%
This figure shows the distribution of the 2 Rhode Island counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real arts, entertainment, and recreation earnings growth rate posted below the average statewide (2010-2022 = 4.69%), while they outpaced Rhode Island's average near-term (2022 = 23.85%). Again, each county is identified by its corresponding ranking based on its average annual real arts, entertainment, and recreation earnings growth rate over 2010-2022.
Of Rhode Island's 5 counties, 40% (2) are featured as Gaining (). Those counties ranked by their long-term average include:
   
 
Rhode Island
Real* Arts, Entertainment, and Recreation Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Slipping Counties
 
3
5.13
 
5
16.42
30,023
 
1
6.69
 
3
21.72
49,709
 
2
6.10
 
4
20.70
103,308
Gaining Counties
 
5
4.21
 
1
26.07
107,081
 
4
4.62
 
2
25.96
214,030
 
 
 
 
 
 
 
 
 
4.69
 
23.85
504,151
 
 
 
 
 
 
 
 
 
6.31
 
26.15
203,533,000
November 2023
REAP_PI_CA1600N_611700_LSGL
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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