Real Per Capita Personal Income: Nonmetropolitan Portion for Hawaii
HINMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,042.00
Year-over-Year Change
23.84%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the real per capita personal income for the nonmetropolitan portion of Hawaii. It provides insight into the economic well-being of rural areas in the state.
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
The Real Per Capita Personal Income: Nonmetropolitan Portion for Hawaii tracks the purchasing power of individuals living outside of metropolitan areas in Hawaii. It is an important economic indicator for understanding regional disparities and the development of rural communities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and economists to analyze the economic conditions in Hawaii's nonmetropolitan regions.
Key Facts
- Nonmetropolitan areas account for over 80% of Hawaii's land area.
- Real per capita income in Hawaii's nonmetropolitan regions has grown by 25% since 2000.
- Nonmetropolitan personal income lags behind metropolitan areas by about 20% in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real per capita personal income for the nonmetropolitan portion of Hawaii, providing insight into the economic well-being of rural areas in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic disparities and the development of Hawaii's rural communities, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to analyze the economic conditions in Hawaii's nonmetropolitan regions and inform policy decisions regarding rural development.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Hawaii (HINMPRPIPC), retrieved from FRED.