Per Capita Personal Income in Arizona
AZPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,456.00
Year-over-Year Change
77.25%
Date Range
1/1/1929 - 1/1/2024
Summary
The 'Per Capita Personal Income in Arizona' metric tracks the average personal income of Arizona residents, providing insights into the state's economic well-being 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 data series measures the total personal income in Arizona divided by the state's population, giving a per capita figure that reflects the typical income level of Arizona residents. Economists and policymakers use this metric to assess economic conditions and guide policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding Arizona's economic performance and how it compares to national and regional trends.
Key Facts
- Arizona's per capita personal income was $54,012 in 2021.
- The state's per capita income has grown by 36% over the past decade.
- Arizona's per capita income is slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Per Capita Personal Income in Arizona' metric tracks the average personal income of Arizona residents, providing insights into the state's economic well-being and standard of living.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Arizona's economic performance and how it compares to national and regional trends, which can inform policy decisions and business strategies.
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: Economists and policymakers use this metric to assess economic conditions in Arizona and guide policy decisions that affect the state's residents and businesses.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Per Capita Personal Income in Arizona (AZPCPI), retrieved from FRED.