Real Personal Income: Nonmetropolitan Portion for Delaware
DENMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Nonmetropolitan Portion for Delaware measures the purchasing power of personal income in non-urban areas of the state. This metric is crucial for understanding regional economic trends and informing policy decisions.
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 tracks the real (inflation-adjusted) personal income for the nonmetropolitan portion of Delaware. It provides insight into the economic conditions and standard of living in non-urban areas of the state, which is important for targeted policy development and resource allocation.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
Policymakers and economists use this metric to analyze regional economic disparities and make informed decisions about investments, programs, and regulations.
Key Facts
- Delaware's nonmetropolitan personal income accounts for approximately 20% of the state's total personal income.
- Real personal income in Delaware's nonmetropolitan areas has grown by 3.2% on average over the past 5 years.
- Nonmetropolitan areas in Delaware tend to have lower cost of living but also lower wages compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Nonmetropolitan Portion for Delaware measures the purchasing power of personal income in non-urban areas of the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic conditions and standard of living in Delaware's non-urban areas, which is crucial for informed policymaking and resource allocation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze regional economic disparities and make informed decisions about investments, programs, and regulations.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be a several-month delay in the latest available figures.
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Citation
U.S. Federal Reserve, Real Personal Income: Nonmetropolitan Portion for Delaware (DENMPRPI), retrieved from FRED.