Real Per Capita Personal Income: Metropolitan Portion for Delaware
DEMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,946.00
Year-over-Year Change
18.85%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Metropolitan Portion for Delaware measures the average real personal income per person in Delaware's metropolitan areas, adjusted for inflation. This metric provides insight into the economic well-being and purchasing power of Delaware 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
This series represents the average real personal income per capita in Delaware's metropolitan statistical areas. It is a key indicator of the state's economic conditions and standard of living, used by policymakers, analysts, and researchers to assess trends in household wealth and consumer spending.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income estimates and population figures for Delaware's metro areas.
Historical Context
The real per capita personal income trend is widely tracked to understand regional economic performance and consumer demand.
Key Facts
- Delaware's real per capita personal income was $54,965 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- Delaware's metro-area real per capita income exceeds the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average real personal income per person in Delaware's metropolitan statistical areas, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being and purchasing power of Delaware residents, making it a key indicator used by policymakers, analysts, and researchers to assess regional economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income estimates and population figures for Delaware's metro areas.
Q: How is this trend used in economic policy?
A: The real per capita personal income trend is widely tracked to understand regional economic performance and consumer demand, informing policy decisions related to taxation, public spending, and economic development.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Delaware (DEMPRPIPC), retrieved from FRED.