Real Personal Income: Metropolitan Portion for Iowa
IAMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116,123,931.00
Year-over-Year Change
32.64%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Iowa measures the inflation-adjusted personal income in metropolitan areas within the state of Iowa. This trend is a key indicator of economic activity and standard of living in the state.
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 for Iowa's metropolitan statistical areas. It is used by economists and policymakers to analyze regional economic trends and evaluate the financial well-being of Iowa residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income estimates and regional price parities.
Historical Context
This metric provides valuable insights into the economic conditions and consumer purchasing power within Iowa's major urban centers.
Key Facts
- Iowa's metropolitan real personal income grew 3.2% in 2021.
- The Des Moines metro area accounts for over 40% of Iowa's total metropolitan personal income.
- Real personal income in Iowa's largest cities has outpaced the national average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted personal income within the metropolitan regions of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic well-being and purchasing power of Iowa's urban residents, which is crucial for understanding regional growth and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income estimates and regional price parities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze regional economic conditions, inform investment decisions, and evaluate the effectiveness of economic development programs in Iowa.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical release lag of 6-9 months. The metric may not capture rapid short-term changes in metropolitan personal income.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Iowa (IAMPRPI), retrieved from FRED.