Real Gross Domestic Product: Private Industries in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTPIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,522,640.00
Year-over-Year Change
41.20%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the personal income received by residents of a state or region over a calendar year. This metric is important for economists and policymakers to assess regional economic conditions and trends.
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 economic indicator represents the total personal income received by individuals within a specific U.S. state or territory, aggregated over a full calendar year. It provides a broad measure of economic activity and household purchasing power at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on income information from tax filings and other economic surveys.
Historical Context
Policymakers and analysts use this annual personal income data to evaluate regional economic performance and inform decisions related to taxes, spending, and economic development programs.
Key Facts
- Personal income grew 3.1% nationally in 2021.
- California had the highest total personal income of any U.S. state in 2021.
- Personal income fell in 3 states in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total personal income received by residents of a U.S. state or territory over a full calendar year.
Q: Why is this trend relevant for users or analysts?
A: This annual personal income data provides important insights into regional economic conditions and household purchasing power, which informs policy decisions and economic development strategies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data from tax filings and economic surveys, then aggregates it to the state level on an annual basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate state-level economic performance and inform decisions related to taxes, spending, and programs aimed at promoting regional economic growth.
Q: Are there update delays or limitations?
A: The annual personal income data has a lag of several months, as it relies on tax and survey information that takes time to collect and process.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTPIRGSP), retrieved from FRED.