Real Personal Income: Metropolitan Portion for Arizona
AZMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
365,178,553.00
Year-over-Year Change
54.97%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Arizona measures the inflation-adjusted personal income of residents in Arizona's metropolitan areas. This metric is crucial for economists and policymakers to assess the economic well-being and purchasing power of Arizonans.
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 represents the real (inflation-adjusted) personal income of individuals living in Arizona's metropolitan statistical areas. It is an important indicator of the state's economic conditions and can inform decisions around public policy, investment, and resource allocation.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Historical Context
This metric is widely used by economists, businesses, and government agencies to analyze Arizona's economic performance and make informed decisions.
Key Facts
- Arizona's metropolitan areas account for over 80% of the state's total personal income.
- Real personal income in Arizona's metro regions has grown by an average of 2.5% annually over the past decade.
- The metropolitan portion of Arizona's personal income is a key indicator of the state's economic health and standard of living.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Arizona measures the inflation-adjusted personal income of residents living in the state's metropolitan statistical areas.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being and purchasing power of Arizonans, and can inform decisions around public policy, investment, and resource allocation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, businesses, and government agencies to analyze Arizona's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal update delays.
Related Trends
Gross Domestic Product: Wholesale Trade (42) in Arizona
AZWHOLENQGSP
Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Arizona
AZFURNMANNGSP
Gross Domestic Product: Rail Transportation (482) in Arizona
AZRAILTRANNGSP
Deposits in State Commercial Member Banks in Arizona
X08TDCBMBSAZ
All Employees: State Government in Arizona
SMU04000009092000001A
Housing Inventory: Average Listing Price Month-Over-Month in Arizona
AVELISPRIMMAZ
Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Arizona (AZMPRPI), retrieved from FRED.