Real Per Capita Personal Income for Delaware
DERPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,936.00
Year-over-Year Change
18.87%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income for Delaware measures the average inflation-adjusted income per person in the state. It is a key indicator of economic well-being and purchasing 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
This metric tracks the total personal income in Delaware divided by the state's population, adjusted for inflation. It provides insight into the standard of living and economic conditions for Delaware residents.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and population estimates.
Historical Context
Policymakers and economists use this trend to assess economic performance and development in Delaware.
Key Facts
- Delaware's real per capita personal income was $57,785 in 2021.
- The trend has grown by over 20% since 2010.
- Delaware's real per capita income is above the national average.
FAQs
Q: What does this economic trend measure?
A: The Real Per Capita Personal Income for Delaware measures the average inflation-adjusted income per person in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the standard of living and economic conditions for Delaware residents, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is 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 trend to assess economic performance and development in Delaware.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income for Delaware (DERPIPC), retrieved from FRED.