Real Personal Income: Metropolitan Portion for Mississippi
MSMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,435,142.00
Year-over-Year Change
23.67%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic indicator measures the real personal income of the metropolitan portion of Mississippi. It provides insights into the economic well-being and purchasing power of residents in the state's urban 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
The Real Personal Income: Metropolitan Portion for Mississippi metric tracks the inflation-adjusted total personal income of individuals living in the metropolitan areas of the state. It is a key measure of economic activity and standard of living in urban Mississippi.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and businesses to assess the economic conditions and consumer demand in Mississippi's metropolitan regions.
Key Facts
- The metropolitan portion accounts for over 50% of Mississippi's total personal income.
- Real personal income in Mississippi's metro areas has grown by 15% over the past decade.
- This metric is adjusted for inflation to provide a real, purchasing power-based measure.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the inflation-adjusted total personal income of individuals living in the metropolitan areas of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the economic well-being and purchasing power of residents in the state's urban areas, which is useful 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.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and businesses to assess the economic conditions and consumer demand in Mississippi's metropolitan regions.
Q: Are there update delays or limitations?
A: The data is released with a lag of several months, and may be subject to revisions over time.
Related Trends
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MSPETCOALMANNGSP
Real Gross Domestic Product: Legal Services (5411) in Mississippi
MSLEGALRGSP
Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Mississippi
MSNMPRPPSERVERENT
All Employees: Retail Trade in Mississippi
SMS28000004200000001
Value-Added Output for Private Nonfarm in Mississippi
IPUZNT301280000
Estimate of People Age 0-17 in Poverty in Mississippi
PEU18MS28000A647NCEN
Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Mississippi (MSMPRPI), retrieved from FRED.