Real Personal Income: Nonmetropolitan Portion for District of Columbia
DCNMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Nonmetropolitan Portion for District of Columbia measures inflation-adjusted personal income for non-urban areas in the District. This metric provides insight into economic well-being and purchasing power outside of the District's metropolitan regions.
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 represents the real (inflation-adjusted) personal income for the nonmetropolitan portion of the District of Columbia. It is a valuable indicator of economic conditions and consumer spending power in the District's rural and suburban areas, which can differ from trends observed in the urban core.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to understand regional economic disparities and develop targeted programs.
Key Facts
- The District of Columbia has a sizable nonmetropolitan population.
- Real personal income can vary significantly between urban and rural areas.
- This metric provides insight into economic conditions outside the District's urban core.
FAQs
Q: What does this economic trend measure?
A: This metric measures inflation-adjusted personal income for the nonmetropolitan (rural and suburban) portions of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into economic conditions and purchasing power outside the District's major urban areas, which can differ from trends observed in the city center.
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 understand regional economic disparities and develop targeted programs to support economic development in the District's nonmetropolitan areas.
Q: Are there update delays or limitations?
A: There may be lags in data availability 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 Personal Income: Nonmetropolitan Portion for District of Columbia (DCNMPRPI), retrieved from FRED.