Per Capita Personal Income in Louisiana
LAPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,332.00
Year-over-Year Change
50.83%
Date Range
1/1/1929 - 1/1/2024
Summary
The Per Capita Personal Income in Louisiana measure tracks the average personal income per person within the state. It is a key indicator of economic well-being and standard of living.
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 represents the total personal income of Louisiana residents divided by the state's population. It is a widely used metric for evaluating economic conditions and assessing changes in the material prosperity of the state's population.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge the financial health and purchasing power of Louisiana residents.
Key Facts
- Louisiana's per capita personal income was $52,434 in 2021.
- Per capita income in Louisiana is below the national average.
- Income levels vary significantly by region within the state.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Income in Louisiana measure tracks the average personal income per person within the state.
Q: Why is this trend relevant for users or analysts?
A: Per capita personal income is a key indicator of economic well-being and standard of living, making it important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the financial health and purchasing power of Louisiana residents.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Income in Louisiana (LAPCPI), retrieved from FRED.