Real Personal Income: Metropolitan Portion for North Carolina
NCMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496,897,687.00
Year-over-Year Change
48.98%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for North Carolina tracks the purchasing power of personal income for the state's metropolitan areas, adjusting for inflation. This metric is crucial for understanding economic trends and regional disparities.
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 personal income for the metropolitan portions of North Carolina, providing insights into the economic well-being and purchasing power of residents in the state's urban areas. It is used by policymakers, economists, and analysts to assess regional economic conditions and guide decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used to inform economic policy and business strategy decisions.
Key Facts
- The series is released quarterly by the U.S. Bureau of Economic Analysis.
- North Carolina's metropolitan areas account for a significant portion of the state's overall economic activity.
- Real personal income adjusts for the effects of inflation, providing a more accurate measure of purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) personal income for the metropolitan portions of North Carolina, providing insights into the economic well-being and purchasing power of residents in the state's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding regional economic conditions and disparities within North Carolina, allowing policymakers, economists, and analysts to make informed decisions and develop targeted strategies.
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: This trend is widely used to inform economic policy and business strategy decisions, as it provides valuable insights into the purchasing power and economic well-being of residents in North Carolina's metropolitan areas.
Q: Are there update delays or limitations?
A: The series is released quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for North Carolina (NCMPRPI), retrieved from FRED.