Real Personal Income: Metropolitan Portion for Minnesota
MNMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,566,309.00
Year-over-Year Change
33.88%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the real personal income of the metropolitan portion of the state of Minnesota. It is an important indicator for policymakers and economists in assessing the economic well-being and purchasing power of Minnesota residents.
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: Metropolitan Portion for Minnesota series represents the inflation-adjusted personal income for the metropolitan areas of the state. It provides insights into the overall economic conditions and standard of living within Minnesota's urban centers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal income estimates and regional price parities.
Historical Context
This trend is used by analysts and policymakers to monitor the economic health and consumer demand in Minnesota's urban markets.
Key Facts
- Minnesota's metropolitan areas account for over 80% of the state's population.
- Real personal income growth in Minnesota's metro areas has outpaced the national average in recent years.
- The metropolitan portion of Minnesota's personal income is an important indicator of consumer spending and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Minnesota series measures the inflation-adjusted personal income for the metropolitan areas of the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall economic conditions and purchasing power of residents in Minnesota's urban centers, which is crucial for understanding consumer demand and economic activity in the state.
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 estimates and regional price parities.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to monitor the economic health and consumer demand in Minnesota's urban markets, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The Real Personal Income: Metropolitan Portion for Minnesota data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to occasional revision or update delays.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Minnesota (MNMPRPI), retrieved from FRED.