Per Capita Personal Income in Delaware
DEPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,282.00
Year-over-Year Change
58.28%
Date Range
1/1/1929 - 1/1/2024
Summary
The Per Capita Personal Income in Delaware measures the average income per person in the state. It is a key economic indicator used to assess the financial well-being and standard of living in Delaware.
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
Per capita personal income is a comprehensive measure of economic output that includes all sources of income, such as wages, salaries, dividends, interest, rents, and government benefits. It provides insights into the economic prosperity and purchasing power of Delaware residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal income and population estimates.
Historical Context
Policymakers and economists use this metric to evaluate the economic condition and development of Delaware compared to other states or the national average.
Key Facts
- Delaware's per capita personal income was $66,368 in 2021.
- Delaware's per capita income is higher than the national average.
- Per capita income in Delaware has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Income in Delaware measures the average income per person in the state, including all sources of income such as wages, salaries, dividends, interest, rents, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic prosperity and purchasing power of Delaware residents, allowing policymakers and economists to evaluate the state's economic condition and development compared to other states or the national average.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal income and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the financial well-being and standard of living in Delaware, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The Per Capita Personal Income in Delaware data is typically updated annually by the U.S. Bureau of Economic Analysis, with a lag of several months from the reference year.
Related Trends
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Delaware
EMISSCO2CHLICBDEA
Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANNQGSP
Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Delaware
DEAMUSERGSP
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Delaware
EMISSCO2CMGACBDEA
Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Delaware
DEFNDTRSTRGSP
All Employees: Goods Producing in Delaware
SMS10000000600000001
Citation
U.S. Bureau of Economic Analysis, Per Capita Personal Income in Delaware (DEPCPI), retrieved from FRED.