Total Personal Income in the District of Columbia
DCOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,620.00
Year-over-Year Change
18.56%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in the District of Columbia measures the aggregate income received by residents of the District. It is a key indicator of economic well-being and consumer spending potential.
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 metric tracks the total personal income, including wages, salaries, proprietors' income, dividends, interest, and transfer payments, received by individuals residing in the District of Columbia. It provides insight into the overall financial health and purchasing power of DC residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Total personal income is used by policymakers, analysts, and businesses to assess the economic conditions and consumer demand in the District of Columbia.
Key Facts
- Total personal income in DC was $66.4 billion in 2021.
- Personal income growth in DC outpaced the national average in 2021.
- Transfer payments account for a significant portion of total personal income in DC.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total personal income received by individuals residing in the District of Columbia, including wages, salaries, dividends, and government transfer payments.
Q: Why is this trend relevant for users or analysts?
A: Total personal income is a key indicator of the overall economic well-being and consumer spending potential in the District of Columbia, providing insights for policymakers, businesses, 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: Total personal income in DC is used by policymakers and analysts to assess the region's economic conditions and consumer demand, informing decisions on economic development, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Construction Wages and Salaries in District of Columbia
DCWCON
Number of Identified Exporters to Spain from District of Columbia
DCESPA475SCEN
All Employees: Goods Producing in District of Columbia
SMS11000000600000001
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in the District of Columbia
DCFRBCIRGSP
Number of Identified Exporters to Denmark from District of Columbia
DCDNKA475SCEN
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in the District of Columbia
DCTRANGRNDTRANQGSP
Citation
U.S. Federal Reserve, Total Personal Income in the District of Columbia (DCOTOT), retrieved from FRED.