Real Per Capita Personal Income for District of Columbia
DCRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,060.00
Year-over-Year Change
26.38%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income for District of Columbia measures the purchasing power of personal income for residents of the District, adjusted for inflation. This metric is a key indicator of economic well-being and standard of living.
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 the District of Columbia. It is used to assess the financial resources and consumption potential of the local population over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Historical Context
This trend is closely watched by policymakers, economists, and investors to gauge the economic health and consumer demand in the District of Columbia.
Key Facts
- Real per capita personal income in DC was $77,700 in 2021.
- This metric has grown by 17% over the past decade.
- DC has the highest real per capita personal income of any U.S. state or territory.
FAQs
Q: What does this economic trend measure?
A: The Real Per Capita Personal Income for District of Columbia measures the average inflation-adjusted income per person in the local population.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the economic well-being and standard of living in the District of Columbia, providing insights into residents' purchasing power and consumption potential.
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 for the District of Columbia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the economic health and consumer demand in the District of Columbia, informing decisions on fiscal, monetary, and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income for District of Columbia (DCRPIPC), retrieved from FRED.