Real Per Capita Personal Income: Nonmetropolitan Portion for Idaho
IDNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,966.00
Year-over-Year Change
39.93%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for Idaho is an important economic indicator that measures the purchasing power of residents living outside Idaho's metropolitan areas.
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 metric tracks the real (inflation-adjusted) personal income per person in Idaho's nonmetropolitan regions. It provides insights into the economic well-being and standard of living for rural communities in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers and analysts to assess regional economic disparities and guide development strategies.
Key Facts
- Idaho's nonmetropolitan real per capita personal income was $51,382 in 2021.
- This metric has grown by 12.4% over the past 10 years.
- Nonmetropolitan areas account for 27.5% of Idaho's total personal income.
FAQs
Q: What does this economic trend measure?
A: The Real Per Capita Personal Income: Nonmetropolitan Portion for Idaho measures the average inflation-adjusted personal income per person in Idaho's rural, non-urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic well-being and purchasing power of residents in Idaho's nonmetropolitan regions, which is useful for policymakers and analysts assessing regional economic disparities.
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 policymakers and analysts to guide regional development strategies and investments aimed at addressing economic disparities between urban and rural areas in Idaho.
Q: Are there update delays or limitations?
A: The data is updated annually by the Bureau of Economic Analysis, with a typical 1-year lag in availability.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for Idaho (IDNMPRPIPC), retrieved from FRED.