Per Capita Personal Income in the District of Columbia
DCPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,233.00
Year-over-Year Change
60.29%
Date Range
1/1/1929 - 1/1/2024
Summary
The Per Capita Personal Income in the District of Columbia trend measures the average personal income per person living in Washington, D.C. This metric is closely watched by economists and policymakers to gauge the economic well-being of the district's residents.
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
Per capita personal income is a key economic indicator that represents the total personal income of an area divided by its total population. It provides insights into the average standard of living and purchasing power within a specific geographic region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to inform economic and social policies in the District of Columbia.
Key Facts
- Washington, D.C. has the highest per capita personal income among U.S. states and territories.
- Per capita personal income in D.C. is over 75% higher than the national average.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Income in the District of Columbia trend measures the average personal income per person living in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the average standard of living and purchasing power within the District of Columbia, which is useful for economic and social policy analysis.
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 trend is used to inform economic and social policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis with minimal delays.
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DCEINF
Gross Domestic Product: Private Industries in the District of Columbia
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Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in the District of Columbia
DCFININSQGSP
Employment Level for the District of Columbia
EMPLOYDC
Number of Identified Exporters to Czech Republic from District of Columbia
DCCZEA475SCEN
Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia
DCAPPLEATHMANQGSP
Citation
U.S. Federal Reserve, Per Capita Personal Income in the District of Columbia (DCPCPI), retrieved from FRED.