Total Personal Income in Arkansas
AROTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,384.30
Year-over-Year Change
17.96%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Arkansas measures the aggregate income earned by individuals within the state. It is a key indicator of economic well-being and a critical factor in state-level policy and budgeting decisions.
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
Total Personal Income aggregates all sources of income for Arkansas residents, including wages, salaries, business profits, investment returns, and government benefits. It provides insights into the overall purchasing power and economic vitality of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis from various government and private sector sources.
Historical Context
This metric is widely used by policymakers, analysts, and businesses to assess the economic conditions and trends within Arkansas.
Key Facts
- Arkansas's total personal income reached $148 billion in 2020.
- Personal income growth in Arkansas has averaged 4.3% annually over the past decade.
- Arkansas ranks 33rd among U.S. states in total personal income.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Arkansas measures the aggregate income earned by individuals within the state, including wages, salaries, business profits, investment returns, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall purchasing power and economic vitality of Arkansas, making it a critical factor for policymakers, analysts, and businesses assessing the state's economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis from various government and private sector sources.
Q: How is this trend used in economic policy?
A: Total Personal Income in Arkansas is widely used by policymakers, analysts, and businesses to assess the state's economic conditions and inform policy decisions, budgeting, and market strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Total Personal Income in Arkansas (AROTOT), retrieved from FRED.