Real Personal Income: Metropolitan Portion for Virginia
VAMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
480,235,458.00
Year-over-Year Change
33.43%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Virginia tracks inflation-adjusted personal income levels in Virginia's metropolitan areas. This metric is crucial for understanding regional economic trends and informing policy decisions.
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 Virginia measures the total personal income of residents in Virginia's metropolitan statistical areas, adjusted for inflation. This data provides insights into the purchasing power and standard of living in the state's urban centers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income statistics and regional price parities.
Historical Context
This trend is widely used by economists, policymakers, and businesses to analyze regional economic performance and cost-of-living dynamics.
Key Facts
- Virginia's metropolitan personal income has grown by 15% over the past decade.
- The state's urban areas account for over 80% of total personal income.
- Real personal income levels vary significantly across Virginia's metropolitan regions.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Virginia measures inflation-adjusted personal income levels in the state's metropolitan statistical areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the purchasing power and standard of living in Virginia's urban centers, which is crucial for understanding regional economic dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income statistics and regional price parities.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and businesses to analyze regional economic performance and cost-of-living dynamics, informing decisions related to taxation, public spending, and economic development.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Virginia (VAMPRPI), retrieved from FRED.