Estimated Percent of People of All Ages in Poverty for North Dakota
PPAAND38000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-16.67%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people of all ages living in poverty in North Dakota. It provides important insights into the state's economic well-being and helps inform policymakers and social service providers.
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 Estimated Percent of People of All Ages in Poverty for North Dakota is a measure of the proportion of the state's population living below the federal poverty line. This metric is a key indicator of economic hardship and is used to assess the effectiveness of social programs and guide resource allocation.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for policymakers, researchers, and local organizations focused on addressing poverty and inequality in North Dakota.
Key Facts
- North Dakota's poverty rate was 10.7% in 2021.
- The state's poverty rate is lower than the national average.
- Poverty disproportionately affects certain demographic groups in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living in poverty in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being of North Dakota's population and helps inform policymakers and social service providers on the need for targeted interventions and resource allocation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, researchers, and local organizations to assess the effectiveness of social programs and guide resource allocation to address poverty and inequality in North Dakota.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some limitations in terms of sample size and statistical reliability for smaller geographic areas.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for North Dakota (PPAAND38000A156NCEN), retrieved from FRED.