Real Per Capita Personal Income: Metropolitan Portion for Arizona
AZMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,518.00
Year-over-Year Change
33.32%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the real per capita personal income of the metropolitan portion of Arizona. It provides insights into the economic well-being and purchasing power of Arizona's urban population.
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
The Real Per Capita Personal Income: Metropolitan Portion for Arizona series tracks the inflation-adjusted personal income per person in the state's metropolitan areas. It is a key indicator of the standard of living and economic prosperity in urban Arizona.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by policymakers, economists, and businesses to analyze regional economic conditions and guide decision-making.
Key Facts
- Arizona's metropolitan area accounts for over 80% of the state's population.
- Real per capita personal income in Arizona's metro areas has grown by 12% over the past decade.
- The metropolitan portion of Arizona's real per capita personal income is 5% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) per capita personal income in the metropolitan areas of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and purchasing power of Arizona's urban population, which is crucial for policymakers and businesses.
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 by policymakers, economists, and businesses to analyze regional economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Arizona (AZMPRPIPC), retrieved from FRED.