Real Per Capita Personal Income: Nonmetropolitan Portion for Arkansas
ARNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,554.00
Year-over-Year Change
23.43%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the real per capita personal income for the nonmetropolitan portion of Arkansas. It provides insights into the economic well-being and purchasing power of residents outside of major urban areas.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real per capita personal income is a key economic indicator that adjusts for inflation and population changes to track the purchasing power of individuals. The nonmetropolitan portion focuses on rural and small-town areas, which have distinct economic dynamics compared to metropolitan regions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and analysts to understand regional economic disparities and guide targeted development initiatives.
Key Facts
- Arkansas has a large nonmetropolitan population.
- Nonmetropolitan incomes lag behind metropolitan areas.
- This trend helps identify economic challenges in rural communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real per capita personal income for the nonmetropolitan portion of Arkansas, which includes rural areas and small towns outside of major urban centers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and purchasing power of residents in non-urban parts of Arkansas, which is important for understanding regional economic disparities and guiding targeted development initiatives.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand regional economic dynamics and guide initiatives aimed at supporting development in rural and small-town communities.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other economic indicators published by the U.S. Bureau of Economic Analysis.
Related Trends
Average Hourly Earnings of All Employees: Construction in Arkansas
SMU05000002000000003A
Housing Inventory: Median Home Size in Square Feet in Arkansas
MEDSQUFEEAR
Value of Exports to Turkey from Arkansas
ARTURA052SCEN
90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Arkansas
PECIUBAAAR05000A647NCEN
State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Arkansas
ARINSURTAX
Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arkansas
ARFININSQGSP
Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Arkansas (ARNMPRPIPC), retrieved from FRED.