Per Capita Personal Income in Florida
FLPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,390.00
Year-over-Year Change
70.80%
Date Range
1/1/1929 - 1/1/2024
Summary
The Per Capita Personal Income in Florida measures the average personal income per person within the state. This key economic indicator helps assess Florida's standard of living and economic well-being.
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
Per capita personal income is a comprehensive measure of the income earned by individuals within a geographic area, including wages, investment returns, and government benefits. Tracking this trend over time provides insights into Florida's economic performance and can inform policy decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis based on personal income and population estimates.
Historical Context
Policymakers and analysts use this metric to gauge the economic health and living standards in Florida compared to national averages or other states.
Key Facts
- Florida's per capita personal income was $55,595 in 2021.
- Florida's per capita income is slightly below the national average.
- Income levels vary significantly by region within Florida.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Income in Florida measures the average personal income per person within the state, including wages, investments, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Florida's economic performance and living standards, which can inform policy decisions and comparisons to national or regional benchmarks.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis based on personal income and population estimates for the state of Florida.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the economic health and living standards in Florida, and to compare it to national averages or other states.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a few months' lag, so there may be delays in reflecting the most recent economic conditions.
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Average Hourly Earnings of All Employees: Other Services in Florida
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Citation
U.S. Federal Reserve, Per Capita Personal Income in Florida (FLPCPI), retrieved from FRED.