Real Per Capita Personal Income: Nonmetropolitan Portion for Arizona
AZNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,019.00
Year-over-Year Change
45.60%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Arizona measures the purchasing power of personal income for residents outside of metropolitan areas in the state. This metric is important for understanding regional economic trends and disparities.
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 tracks the real (inflation-adjusted) per capita personal income specifically for the nonmetropolitan portion of Arizona's population. It provides insight into the economic conditions and standards of living in rural areas of the state, which can differ significantly from urban centers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey and administrative sources.
Historical Context
Policymakers and economists use this metric to assess regional economic performance and guide targeted interventions.
Key Facts
- Nonmetropolitan per capita income in Arizona is lower than the statewide average.
- Income growth in rural areas has lagged behind urban centers in recent decades.
- Disparities in economic opportunity between metro and nonmetro regions are a policy concern.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) per capita personal income specifically for the nonmetropolitan portion of Arizona's population.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the economic conditions and standards of living in rural areas of the state, which can differ significantly from urban centers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess regional economic performance and guide targeted interventions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have lags in reporting compared to broader economic indicators.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Arizona (AZNMPRPIPC), retrieved from FRED.