Real Per Capita Personal Income: Nonmetropolitan Portion for North Carolina
NCNMPRPIPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,551.00
Year-over-Year Change
26.37%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Per Capita Personal Income: Nonmetropolitan Portion for North Carolina is an economic measure that tracks the average inflation-adjusted personal income of residents in the non-metropolitan areas of North Carolina. This data point is important for understanding regional economic trends and income distribution within 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
This series represents the average real per capita personal income for individuals living in non-metropolitan counties in North Carolina. It is used by economists and policymakers to analyze economic conditions and growth in rural areas of the state relative to more urban regions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates for non-metropolitan counties in North Carolina.
Historical Context
This metric provides context for understanding the economic well-being of residents outside of major metropolitan areas in North Carolina, which can inform policy decisions and investment strategies.
Key Facts
- North Carolina's non-metropolitan per capita personal income was $45,218 in 2021.
- The non-metropolitan portion makes up about 30% of North Carolina's total personal income.
- Real per capita personal income in non-metropolitan North Carolina has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average inflation-adjusted personal income of residents in the non-metropolitan areas of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic conditions and growth in rural areas of North Carolina, which can inform policy decisions and investment strategies.
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 estimates for non-metropolitan counties in North Carolina.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze the economic well-being of residents outside of major metropolitan areas in North Carolina, which can inform decisions about regional development and resource allocation.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, with a typical lag of several months.
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Citation
U.S. Federal Reserve, Real Per Capita Personal Income: Nonmetropolitan Portion for North Carolina (NCNMPRPIPC), retrieved from FRED.