Total Personal Income in Mississippi
MSOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158,668.80
Year-over-Year Change
16.31%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Mississippi measures the total income earned by residents of the state, including wages, salaries, dividends, and government benefits. This economic indicator is important for policymakers and analysts to understand the overall economic health and spending power of Mississippians.
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
Total Personal Income in Mississippi represents the aggregated income of all individuals residing in the state, regardless of the source. It is a broad measure of economic well-being that can inform policy decisions and provide insights into consumer spending trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Tracking changes in total personal income is crucial for understanding the state's economic performance and guiding fiscal and monetary policies.
Key Facts
- Mississippi's total personal income was $124 billion in 2020.
- Personal income in Mississippi grew by 3.5% in 2021.
- Per capita personal income in Mississippi was $41,693 in 2021.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Mississippi measures the aggregated income earned by all residents of the state, including wages, salaries, dividends, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall economic health and spending power of Mississippians, which is crucial for policymakers and analysts to understand.
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: Tracking changes in total personal income is important for understanding the state's economic performance and guiding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Personal Income in Mississippi (MSOTOT), retrieved from FRED.