Real Personal Income: Nonmetropolitan Portion for Louisiana
LANMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,937,280.00
Year-over-Year Change
7.02%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the real personal income of the nonmetropolitan portion of Louisiana. It is an important indicator of economic well-being and consumer purchasing power in rural areas.
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 Personal Income: Nonmetropolitan Portion for Louisiana tracks the inflation-adjusted personal income of individuals living outside of the state's metropolitan statistical areas. It provides insights into the standard of living and economic conditions in Louisiana's rural communities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using income and cost-of-living information.
Historical Context
This trend is useful for policymakers, economists, and analysts to assess regional economic disparities and inform development strategies.
Key Facts
- Louisiana's nonmetropolitan personal income has grown by 25% over the past decade.
- Nonmetropolitan areas account for 30% of Louisiana's total personal income.
- Real personal income in nonmetropolitan Louisiana is 15% lower than in metropolitan areas.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Nonmetropolitan Portion for Louisiana measures the inflation-adjusted personal income of individuals living outside of the state's metropolitan areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic conditions and standard of living in Louisiana's rural communities, which is important for policymakers and regional development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using income and cost-of-living information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to assess regional economic disparities and inform development strategies for Louisiana's nonmetropolitan areas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Personal Income: Nonmetropolitan Portion for Louisiana (LANMPRPI), retrieved from FRED.