Real Personal Income: Metropolitan Portion for Delaware
DEMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,730,260.00
Year-over-Year Change
35.04%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the real personal income of the metropolitan portion of Delaware. It is an important indicator of economic activity and consumer purchasing power in the state.
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
The Real Personal Income: Metropolitan Portion for Delaware tracks the total real personal income for the metropolitan regions of the state, adjusted for inflation. This provides insights into the overall economic well-being and spending capacity of Delaware's urban areas.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the strength of Delaware's regional economy.
Key Facts
- Delaware's metropolitan personal income accounts for over 80% of the state's total.
- Real personal income in Delaware's metro areas has grown by 15% over the past decade.
- This metric is a key input for forecasting consumer spending and economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Delaware tracks the total real personal income for the state's metropolitan regions, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall economic well-being and spending capacity of Delaware's urban areas, which is crucial for understanding the state's regional economic performance.
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 metric is closely monitored by policymakers and analysts to assess the strength of Delaware's regional economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, with minimal delays. However, users should be aware of potential revisions to historical figures.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Delaware (DEMPRPI), retrieved from FRED.