Real Per Capita Personal Income: Metropolitan Portion for District of Columbia
DCMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,075.00
Year-over-Year Change
26.36%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the real (inflation-adjusted) per capita personal income for the metropolitan portion of the District of Columbia. It is an important indicator of economic well-being and purchasing power for policymakers and analysts.
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
Real per capita personal income represents the average inflation-adjusted income per person in a given geographic area. The metropolitan portion of the District of Columbia is a key measure of economic conditions in the nation's capital region.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Real per capita personal income is used to assess economic growth, living standards, and consumer spending patterns.
Key Facts
- The District of Columbia has one of the highest real per capita personal incomes in the United States.
- This metric showed steady growth over the past decade before declining during the COVID-19 pandemic.
- Real per capita personal income is a key input for policymakers in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) per capita personal income for the metropolitan portion of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Real per capita personal income is an important indicator of economic well-being and purchasing power in the nation's capital region.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Real per capita personal income is used by policymakers, economists, and analysts to assess economic growth, living standards, and consumer spending patterns in the District of Columbia.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and updates due to the time required for collection and processing by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for District of Columbia (DCMPRPIPC), retrieved from FRED.