Real Personal Income: Nonmetropolitan Portion for Maine
MENMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,580,105.00
Year-over-Year Change
28.26%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Nonmetropolitan Portion for Maine measures the inflation-adjusted personal income of residents in nonmetropolitan areas of Maine. This indicator is important for understanding regional economic trends and informing policy decisions.
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 Personal Income: Nonmetropolitan Portion for Maine reflects the purchasing power of personal income for individuals living outside of metropolitan areas in the state. This statistic is useful for analyzing disparities in economic well-being between urban and rural populations.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, economists, and regional development agencies to evaluate the economic condition of nonurban communities in Maine.
Key Facts
- Measure of inflation-adjusted personal income in rural Maine
- Captures economic well-being of nonurban populations
- Used to inform regional development and policy decisions
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Nonmetropolitan Portion for Maine measures the inflation-adjusted personal income of residents living outside of metropolitan areas in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic disparities and informing policy decisions that affect the economic well-being of rural communities in Maine.
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 metric is used by policymakers, economists, and regional development agencies to evaluate the economic condition of nonurban communities in Maine and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is collected and reported by the government statistical agency.
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Citation
U.S. Federal Reserve, Real Personal Income: Nonmetropolitan Portion for Maine (MENMPRPI), retrieved from FRED.