Net Earnings by Place of Residence in Colorado
COENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322,570,596.00
Year-over-Year Change
14.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Colorado' metric tracks the total personal income earned by Colorado residents, providing insight into the state's economic activity and growth.
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 economic indicator represents the total net earnings, which includes wages, salaries, and other forms of compensation, for individuals living in the state of Colorado. It is a key measure used by economists and policymakers to assess the overall economic health and standard of living in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey information and tax records.
Historical Context
Policymakers and analysts utilize this metric to inform economic and tax policies, as well as to monitor the impacts of events or interventions on Colorado's residents and economy.
Key Facts
- Colorado's net earnings reached a record high of $336 billion in 2021.
- Net earnings in Colorado have grown by over 50% in the past decade.
- The state's service sector accounts for the largest share of net earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Colorado' metric tracks the total personal income earned by Colorado residents, including wages, salaries, and other forms of compensation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the overall economic health and standard of living in Colorado, which is crucial information for policymakers, businesses, and individuals making decisions about 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 using survey information and tax records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this metric to inform economic and tax policies, as well as to monitor the impacts of events or interventions on Colorado's residents and economy.
Q: Are there update delays or limitations?
A: The data is typically released with a 3-month delay, and may be subject to periodic revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Colorado (COENET), retrieved from FRED.