Total Personal Income in Pennsylvania
PAOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
958,009.50
Year-over-Year Change
15.73%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Pennsylvania measures the aggregate income earned by residents of the state. It is a key indicator of economic activity and consumer purchasing power.
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 Pennsylvania represents the sum of all income sources for individuals living in the state, including wages, salaries, dividends, interest, rents, and government benefits. It is a widely tracked metric for gauging the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess Pennsylvania's economic conditions and consumer demand.
Key Facts
- Pennsylvania's total personal income exceeds $800 billion annually.
- Income growth in Pennsylvania has outpaced the national average in recent years.
- Consumer spending accounts for over 60% of Pennsylvania's total personal income.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Pennsylvania measures the aggregate income earned by all residents of the state, including wages, salaries, dividends, interest, rents, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Pennsylvania's overall economic health and consumer purchasing power, making it relevant for policymakers, businesses, and analysts tracking the state's economic conditions.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Pennsylvania's economic conditions and consumer demand, which informs decisions around fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months. There may be occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Personal Income in Pennsylvania (PAOTOT), retrieved from FRED.