Real Per Capita Personal Income in Arkansas
AROI96 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,470.94
Year-over-Year Change
4.71%
Date Range
1/1/2010 - 1/1/2025
Summary
The Real Per Capita Personal Income in Arkansas measures the average inflation-adjusted income per person in the state. It is a key indicator of economic well-being and standard of living for Arkansans.
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
This metric tracks the total personal income in Arkansas, adjusted for inflation and divided by the state's population. It provides insight into the purchasing power and material living conditions of Arkansas residents over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Historical Context
This trend is used by policymakers, economists, and businesses to assess economic performance and guide decisions.
Key Facts
- Arkansas has seen steady growth in real per capita personal income since the 1990s.
- The state's real per capita personal income is lower than the national average.
- Fluctuations in this metric can indicate changes in the economic well-being of Arkansans.
FAQs
Q: What does this economic trend measure?
A: The Real Per Capita Personal Income in Arkansas measures the average inflation-adjusted income per person in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and living standards of Arkansas residents, making it relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess economic performance and guide decisions in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Economic Analysis, but may have a short delay in publication.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income in Arkansas (AROI96), retrieved from FRED.