Real Per Capita Personal Income: Nonmetropolitan Portion for District of Columbia
DCNMPRPIPC • 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 Per Capita Personal Income: Nonmetropolitan Portion for District of Columbia measures the inflation-adjusted average income per person in the non-metropolitan areas of D.C. This provides important insights into the economic well-being of residents outside the urban core.
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 economic indicator tracks the purchasing power of personal income in the non-metropolitan regions of the District of Columbia. It is a key metric for understanding regional disparities and the distribution of economic resources across a jurisdiction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Historical Context
Policymakers and analysts use this metric to evaluate economic development and quality of life trends in non-urban D.C. communities.
Key Facts
- The series dates back to 1969.
- D.C. has the lowest non-metro population of any U.S. state or territory.
- Real per capita incomes in non-metro D.C. are typically lower than the urban core.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the inflation-adjusted average personal income per person in the non-metropolitan regions of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into economic well-being and resource distribution outside D.C.'s urban core, which is crucial for understanding regional disparities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate economic development and quality of life trends in non-urban D.C. communities.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not fully capture the most recent economic conditions in non-metro D.C.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for District of Columbia (DCNMPRPIPC), retrieved from FRED.