Total Personal Income in Virginia
VAOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
703,645.30
Year-over-Year Change
19.65%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Virginia measures the aggregate income earned by individuals within the state. It's a key indicator of economic well-being and consumer spending 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
This statistic tracks the total amount of income received by Virginia residents from all sources, including wages, salaries, business profits, investments, and government benefits. It provides insight into the overall health and growth of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Total Personal Income in Virginia is closely watched by policymakers, businesses, and economists to gauge consumer demand and guide economic policies.
Key Facts
- Virginia's total personal income reached $540 billion in 2021.
- Personal income grew by 6.2% in Virginia in 2021 compared to the prior year.
- Wages and salaries account for over 60% of total personal income in Virginia.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Virginia measures the aggregate income earned by individuals within the state from all sources, including wages, investments, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: Total personal income is a key indicator of economic well-being and consumer spending power in Virginia, providing insight into the overall health and growth of the state's economy.
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: Total Personal Income in Virginia is closely watched by policymakers, businesses, and economists to gauge consumer demand and guide economic policies in the state.
Q: Are there update delays or limitations?
A: The Total Personal Income data for Virginia is released on a quarterly basis with a lag of several months.
Related Trends
Personal Consumption Expenditures: Services: Health Care for Virginia
VAPCEHLTHCARE
State Government Tax Collections, Total Selective Sales Taxes in Virginia
VATLSLTAX
Unemployment Level for Virginia
UNEMPLOYVA
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia
VAPCEPCONDURG
Average Weekly Hours of All Employees: Total Private in Virginia
SMU51000000500000002
Real Gross Domestic Product: Health Care and Social Assistance (62) in Virginia
VAHLTHSOCASSRGSP
Citation
U.S. Federal Reserve, Total Personal Income in Virginia (VAOTOT), retrieved from FRED.