Real Personal Income for Montana
MTRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,750.30
Year-over-Year Change
55.39%
Date Range
1/1/2008 - 1/1/2023
Summary
Real Personal Income for Montana measures the total inflation-adjusted income of Montana residents. It is a key indicator of the state's economic well-being 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
Real Personal Income for Montana tracks the total personal income of Montana residents after adjusting for inflation. It includes wages, salaries, dividends, interest, and other sources of income. This metric is widely used by economists and policymakers to assess the financial health and consumer purchasing power of Montana's population.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources including tax records and household surveys.
Historical Context
Real Personal Income is a crucial measure for understanding Montana's economic conditions and consumer demand.
Key Facts
- Montana's real personal income has grown by over 25% in the last decade.
- Real personal income per capita in Montana is higher than the national average.
- Personal income growth in Montana has outpaced the U.S. as a whole in recent years.
FAQs
Q: What does this economic trend measure?
A: Real Personal Income for Montana measures the total inflation-adjusted income of Montana residents from sources like wages, salaries, dividends, and interest.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Montana's economic well-being and consumer spending potential, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources including tax records and household surveys.
Q: How is this trend used in economic policy?
A: Real Personal Income for Montana is used by policymakers and economists to assess the financial health and consumer spending power of the state's population, informing decisions on economic and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Personal Income for Montana (MTRPI), retrieved from FRED.