Net Earnings by Place of Residence in Arizona
AZENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
298,060,401.00
Year-over-Year Change
20.28%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Arizona' metric tracks personal income levels in the state, providing insight into economic activity and standard of living.
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 series measures the total net earnings of Arizona residents, including wages, salaries, and other compensation. It is an important indicator for assessing the overall economic health and growth prospects of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to gauge consumer spending power and make informed decisions about economic and fiscal policies.
Key Facts
- Arizona's net earnings reached a record high in 2021.
- The state's net earnings have grown faster than the national average over the past decade.
- Personal income is a key driver of consumer spending in Arizona.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Arizona' metric tracks the total personal income of Arizona residents, including wages, salaries, and other forms of compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall economic health and growth prospects of Arizona, as personal income levels are closely tied to consumer spending power and economic activity in the state.
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 gauge the economic well-being of Arizona residents and make informed decisions about fiscal and economic policies that can impact personal income and consumer spending in the state.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in publication.
Related Trends
Gross Domestic Product: Accommodation (721) in Arizona
AZACCOMDNGSP
Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arizona
AZOTHSERVERQGSP
Gross Domestic Product: Wholesale Trade (42) in Arizona
AZWHOLENQGSP
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in Arizona
AZNATRESMINRGSP
Real Personal Income for Arizona
AZRPI
Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arizona
AZFNDTRSTNGSP
Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Arizona (AZENET), retrieved from FRED.