Real Personal Income for Utah
UTRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191,734.10
Year-over-Year Change
84.99%
Date Range
1/1/2008 - 1/1/2023
Summary
Real Personal Income for Utah measures the purchasing power of Utahns' total personal income, adjusted for inflation. It is a key indicator of the state's economic well-being and consumer spending power.
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
Real Personal Income for Utah tracks the total personal income earned by Utah residents, net of taxes and inflation. It is a comprehensive measure of the state's economic activity and a leading indicator of consumer demand.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income figures and the regional price parity index.
Historical Context
Real Personal Income for Utah is closely monitored by policymakers and economists to gauge the state's economic performance and assess the impact of policy decisions.
Key Facts
- Real Personal Income for Utah has grown by over 30% in the past decade.
- Utah's Real Personal Income per capita is consistently higher than the national average.
- Consumer spending, a key driver of Utah's economy, is closely tied to Real Personal Income trends.
FAQs
Q: What does this economic trend measure?
A: Real Personal Income for Utah measures the total personal income earned by Utah residents, adjusted for inflation. It provides a comprehensive view of the state's economic activity and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Real Personal Income for Utah is a critical indicator of the state's economic well-being and consumer spending capacity, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income figures and the regional price parity index to adjust for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Real Personal Income for Utah to gauge the state's economic performance and assess the impact of policy decisions on consumer demand and spending.
Q: Are there update delays or limitations?
A: The Real Personal Income for Utah data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months from the end of the reference period.
Related Trends
State Government Tax Collections, Total Taxes in Utah
UTTOTLTAX
Housing Inventory: New Listing Count Month-Over-Month in Utah
NEWLISCOUMMUT
Rental Vacancy Rate for Utah
UTRVAC
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Utah
UTDURMANRGSP
Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Utah
SMU49000006500000002
Average Weekly Earnings of Production Employees: Construction in Utah
SMU49000002000000030A
Citation
U.S. Federal Reserve, Real Personal Income for Utah (UTRPI), retrieved from FRED.