Real Per Capita Personal Income: Metropolitan Portion for Idaho
IDMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,319.00
Year-over-Year Change
41.06%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures real per capita personal income for the metropolitan portion of Idaho. It provides important insights into the economic well-being and purchasing power of Idaho's urban residents.
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 Idaho tracks inflation-adjusted personal income per person in Idaho's metropolitan areas. This metric is used by economists and policymakers to gauge the standard of living and consumption potential of urban Idahoans.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding regional economic conditions and informing policy decisions.
Key Facts
- Idaho's metro area real per capita personal income was $54,324 in 2021.
- This metric has grown by 18% over the past decade.
- It is a key indicator of economic prosperity in urban Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) per capita personal income for the metropolitan portion of the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the standard of living and purchasing power of Idaho's urban residents, which is relevant for economists, policymakers, and businesses operating in the state.
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 used by economists and policymakers to assess regional economic conditions and inform decisions related to economic development, taxation, and social programs in Idaho's metropolitan areas.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Metropolitan Portion for Idaho (IDMPRPIPC), retrieved from FRED.