Real Per Capita Personal Income: Metropolitan Portion for Montana
MTMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,764.00
Year-over-Year Change
36.63%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures real per capita personal income for the metropolitan portion of Montana. It provides insights into the economic well-being and purchasing power of Montana's urban 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 Per Capita Personal Income: Metropolitan Portion for Montana tracks the average inflation-adjusted income per person living in Montana's metropolitan areas. This metric is used to evaluate the economic conditions and standard of living in the state's urban regions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for analyzing Montana's economic performance and informing policy decisions.
Key Facts
- Montana's metropolitan real per capita personal income was $55,401 in 2020.
- This trend has grown by an average of 2.3% annually over the past decade.
- The metropolitan portion accounts for over 60% of Montana's total personal income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average inflation-adjusted personal income per person living in Montana's metropolitan areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and purchasing power of Montana's urban residents, which is crucial for understanding the state's overall economic performance.
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 trend is used by policymakers, economists, and analysts to evaluate the economic conditions and standard of living in Montana's metropolitan regions, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, with a typical lag of several months.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Montana (MTMPRPIPC), retrieved from FRED.