Real Personal Income: Metropolitan Portion for Connecticut
CTMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
247,849,807.00
Year-over-Year Change
14.62%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Connecticut measures the inflation-adjusted personal income of individuals living in metropolitan areas of Connecticut. This trend is important for economists and policymakers to assess the economic well-being and purchasing power of Connecticut'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
This series represents the real personal income of Connecticut residents living in metropolitan statistical areas, which account for the majority of the state's population. It is a key indicator of the economic health and standard of living in the state's urban centers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using income and cost-of-living information.
Historical Context
This metric is used by analysts to evaluate economic conditions and make informed decisions about policies and investments in Connecticut.
Key Facts
- Connecticut's metropolitan areas account for over 90% of the state's population.
- Real personal income in Connecticut's metro areas has grown by 12% over the past decade.
- This metric is adjusted for inflation to provide a more accurate picture of purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Connecticut measures the inflation-adjusted personal income of individuals living in metropolitan areas of the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the economic well-being and purchasing power of Connecticut's urban population, which makes up the majority of the state's residents.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using income and cost-of-living information.
Q: How is this trend used in economic policy?
A: This metric is used by analysts, economists, and policymakers to evaluate economic conditions and make informed decisions about policies and investments in Connecticut.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Connecticut (CTMPRPI), retrieved from FRED.