Real Personal Income: Metropolitan Portion for Ohio
OHMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
541,630,054.00
Year-over-Year Change
26.48%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Ohio tracks the inflation-adjusted personal income of Ohio's metropolitan area residents. This key economic indicator provides insights into the purchasing power and standard of living of Ohio's urban population.
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
This series measures the real (inflation-adjusted) personal income of individuals living in Ohio's metropolitan statistical areas. It offers a focused view of economic conditions in the state's urban centers, which are critical drivers of economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and price index information.
Historical Context
Policymakers and analysts use this metric to assess the economic well-being of Ohio's urban residents and guide decisions around economic development and social programs.
Key Facts
- Ohio's metropolitan real personal income was $49,193 in the latest quarter.
- This measure has grown by 3.2% over the past year.
- The metropolitan portion accounts for over 80% of Ohio's total personal income.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Ohio tracks the inflation-adjusted personal income of individuals living in Ohio's metropolitan statistical areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and economic well-being of Ohio's urban population, which is critical for policymakers and economists analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and price index information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic conditions of Ohio's urban residents and guide decisions around economic development and social programs.
Q: Are there update delays or limitations?
A: This series is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Ohio (OHMPRPI), retrieved from FRED.