Real Personal Income: Metropolitan Portion for District of Columbia
DCMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,368,791.00
Year-over-Year Change
38.95%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the real personal income of the metropolitan portion of the District of Columbia. It is an important indicator for policymakers and economists analyzing economic conditions and household purchasing power in the nation's capital.
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
The Real Personal Income: Metropolitan Portion for District of Columbia series represents the inflation-adjusted personal income of individuals residing in the Washington, D.C. metropolitan area. It provides insights into the overall economic health and standard of living within the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is utilized by policymakers, economists, and analysts to assess regional economic trends and guide policy decisions.
Key Facts
- The D.C. metropolitan area accounts for over 60% of the total personal income in the District of Columbia.
- Real personal income in the D.C. metro area has grown by an average of 2.5% annually over the past decade.
- The D.C. metro region has consistently outpaced the national average in real personal income growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted personal income of individuals residing in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall economic health and standard of living within the nation's capital region, which is crucial for policymakers and economists.
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: This metric is utilized by policymakers, economists, and analysts to assess regional economic trends and guide policy decisions affecting the Washington, D.C. metropolitan area.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal update delays, providing timely insights into the economic conditions of the D.C. metropolitan region.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for District of Columbia (DCMPRPI), retrieved from FRED.