Real Per Capita Personal Income: Nonmetropolitan Portion for Delaware
DENMPRPIPC • 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 Per Capita Personal Income: Nonmetropolitan Portion for Delaware' trend measures the average personal income for residents of non-urban areas in Delaware, adjusted for inflation. This metric is important for policymakers and economists to understand regional economic disparities and target appropriate interventions.
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 average real personal income per person in Delaware's non-metropolitan counties and communities. It provides insights into the economic well-being of rural populations, which can differ significantly from urban areas within the same state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income information and population estimates.
Historical Context
This metric helps inform decisions around infrastructure investment, economic development programs, and policies affecting rural communities.
Key Facts
- Delaware's non-metro personal income is 78% of the state's overall average.
- Rural income growth has lagged urban areas over the past decade.
- Policies targeting rural economic development are a key focus for state leaders.
FAQs
Q: What does this economic trend measure?
A: The 'Real Per Capita Personal Income: Nonmetropolitan Portion for Delaware' metric tracks the average personal income for residents of non-urban areas in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic well-being of Delaware's rural populations, which can differ significantly from urban areas within the state. It helps inform decisions around infrastructure investment, economic development programs, and policies affecting non-metropolitan communities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income information and population estimates.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and economists understand regional economic disparities and target appropriate interventions to support the development of Delaware's rural communities.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication due to the underlying data sources and calculation methodology.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Delaware (DENMPRPIPC), retrieved from FRED.