Total Personal Income in Delaware
DEOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,463.30
Year-over-Year Change
20.48%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Delaware measures the overall income received by individuals in the state. It serves as a key indicator of economic well-being and consumer spending power.
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
Total Personal Income in Delaware represents the sum of all income received by residents of the state, including wages, salaries, business income, dividends, and government benefits. It is a widely-used metric for tracking the economic health and purchasing power of Delaware's population.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
Policymakers and analysts monitor changes in Total Personal Income to assess the broader economic climate and consumer demand in Delaware.
Key Facts
- Delaware's total personal income was $165 billion in 2021.
- Personal income grew 5.2% in Delaware in 2021 compared to the prior year.
- Wages and salaries make up about 60% of total personal income in Delaware.
FAQs
Q: What does this economic trend measure?
A: The Total Personal Income in Delaware metric measures the overall income received by individuals living in the state, including wages, business profits, dividends, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: Total Personal Income is a key indicator of economic well-being and consumer spending power in Delaware. Monitoring changes in this metric helps policymakers and analysts assess the broader economic climate and consumer demand in the state.
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 administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor changes in Total Personal Income to gauge the overall economic health and consumer spending patterns in Delaware, which can inform decision-making on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The Total Personal Income data for Delaware is typically published on a quarterly basis with a lag of several months, so there may be a delay in accessing the most recent figures.
Related Trends
Per Capita Personal Income in Delaware
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Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Delaware
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Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Delaware
SMU10000004000000011A
Gross Domestic Product: Health Care and Social Assistance (62) in Delaware
DEHLTHSOCASSNQGSP
Real Gross Domestic Product: Retail Trade (44-45) in Delaware
DERETAILRQGSP
Gross Domestic Product: Professional and Business Services (54, 55, 56) in Delaware
DEPROBUSNGSP
Citation
U.S. Bureau of Economic Analysis, Total Personal Income in Delaware (DEOTOT), retrieved from FRED.