Real Personal Income for Delaware
DERPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,719.50
Year-over-Year Change
35.06%
Date Range
1/1/2008 - 1/1/2023
Summary
Real Personal Income for Delaware measures the total inflation-adjusted personal income of Delaware residents. It is a key indicator of the state's 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
Real Personal Income for Delaware represents the total personal income of state residents, adjusted for inflation. It is used by economists and policymakers to assess the purchasing power and standard of living in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis based on personal income and cost-of-living measures.
Historical Context
This metric provides context for Delaware's economic performance and consumer demand trends.
Key Facts
- Delaware's real personal income reached a record high in 2021.
- The state's real personal income growth outpaced the national average in recent years.
- Fluctuations in real personal income correlate with changes in Delaware's employment and retail sales.
FAQs
Q: What does this economic trend measure?
A: Real Personal Income for Delaware measures the total inflation-adjusted personal income of state residents. It captures the purchasing power of Delawareans.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Delaware's economic conditions and consumer spending power, which is crucial for businesses, policymakers, and analysts assessing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis based on personal income and cost-of-living measures for Delaware.
Q: How is this trend used in economic policy?
A: Trends in Delaware's real personal income are used by economists and policymakers to evaluate the state's economic health, consumer demand, and potential for growth or slowdown.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions in Delaware.
Related Trends
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Housing Inventory: Price Increased Count Year-Over-Year in Delaware
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Chain-Type Quantity Index for Real GDP: State and Local in Delaware
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Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Delaware
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Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Delaware
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Citation
U.S. Federal Reserve, Real Personal Income for Delaware (DERPI), retrieved from FRED.