Total Personal Income in Ohio
OHOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
787,813.90
Year-over-Year Change
17.06%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Ohio measures the overall income of Ohio residents, including wages, salaries, and other sources. This metric is a key indicator of the state's economic health and consumer spending potential.
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 Ohio represents the total money received by individuals in the state from all sources, including employment, investments, and government benefits. It is a comprehensive measure of the resources available to Ohio households and is closely watched by policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reports.
Historical Context
This metric is used to assess the state's economic performance and consumer demand, which informs decisions around fiscal, monetary, and social policies.
Key Facts
- Ohio's total personal income reached $671 billion in 2021.
- Personal income growth in Ohio has averaged 4.2% annually over the past decade.
- Ohio's per capita personal income was $57,745 in 2021, slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Ohio measures the total income received by individuals in the state from all sources, including wages, salaries, business income, dividends, interest, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Ohio's economic health and consumer spending potential, providing important insights for policymakers, businesses, and analysts.
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 surveys, tax records, and other economic reports.
Q: How is this trend used in economic policy?
A: Total Personal Income in Ohio is used to assess the state's economic performance and consumer demand, which informs decisions around fiscal, monetary, and social policies at the state and federal levels.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a few months of lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Personal Income in Ohio (OHOTOT), retrieved from FRED.