Total Personal Income in Louisiana
LAOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288,159.50
Year-over-Year Change
15.19%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Louisiana measures the aggregate income received by residents of Louisiana, including wages, salaries, and other sources of income. It is a key indicator of economic well-being and consumer spending power 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
Total Personal Income in Louisiana represents the total income earned by individuals residing in the state, from all sources including employment, investments, and government transfers. It is an important metric for understanding the state's economic performance and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Historical Context
Policymakers and economists use this trend to assess the overall health of Louisiana's economy and make informed decisions about economic and fiscal policies.
Key Facts
- Louisiana's total personal income reached $253 billion in 2021.
- Personal income growth in Louisiana has averaged 4.2% annually over the past decade.
- Wages and salaries account for over 60% of total personal income in Louisiana.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Louisiana measures the aggregate income received by residents of the state, including wages, salaries, dividends, interest, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall economic well-being and consumer spending power in Louisiana, which is vital information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys, tax records, and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Louisiana's economy, make informed decisions about fiscal and economic policies, and understand consumer demand and spending patterns in the state.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a delay of several months. There may also be revisions to previous data as more information becomes available.
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Citation
U.S. Federal Reserve, Total Personal Income in Louisiana (LAOTOT), retrieved from FRED.