Real Personal Income for Nebraska
NERPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,707.20
Year-over-Year Change
30.71%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income for Nebraska measures the purchasing power of Nebraskans' personal income, adjusted for inflation. It is a key indicator of the state's economic well-being and consumer spending trends.
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
Real Personal Income tracks the inflation-adjusted total income received by Nebraska residents from various sources, including wages, salaries, investment income, and government benefits. It provides insights into the living standards and economic conditions within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income estimates and regional price parities.
Historical Context
This metric is used by policymakers, economists, and businesses to assess Nebraska's economic performance and make informed decisions.
Key Facts
- Nebraska's real personal income has grown by over 25% in the past decade.
- Personal income accounts for over 80% of Nebraska's total gross state product.
- Real personal income per capita in Nebraska is consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income for Nebraska measures the total inflation-adjusted income received by residents of the state, including wages, salaries, investments, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the purchasing power and living standards of Nebraskans, which is crucial for understanding the state's economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates the Real Personal Income for Nebraska using personal income estimates and regional price parities.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to assess Nebraska's economic performance and make informed decisions regarding fiscal, monetary, and investment policies.
Q: Are there update delays or limitations?
A: The Real Personal Income for Nebraska data is typically released with a 2-3 month delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Nebraska
MSRSNE441
Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Nebraska
NETRANSUTILRGSP
All Employees: State Government in Nebraska
SMU31000009092000001A
All Employees: Health Care and Social Assistance in Nebraska
SMU31000006562000001A
Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Nebraska
NEPCEPCDURG
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Nebraska
MEDSQUFEEYYNE
Citation
U.S. Federal Reserve, Real Personal Income for Nebraska (NERPI), retrieved from FRED.