Gross Domestic Product: Information (51) in Wisconsin
Annual, Not Seasonally Adjusted
WIINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,953.30
Year-over-Year Change
93.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual percent change in the total personal income of the U.S. population. This metric provides insight into the overall economic well-being and purchasing power of American households.
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 data series represents the year-over-year percent change in total personal income, which includes wages, salaries, investment income, and government transfer payments. Economists and policymakers use this indicator to assess the health of the broader economy and consumer spending patterns.
Methodology
The data is calculated and published by the U.S. Bureau of Economic Analysis based on survey responses and administrative records.
Historical Context
Changes in personal income can signal shifts in consumer confidence and influence monetary and fiscal policy decisions.
Key Facts
- Personal income accounts for over 60% of U.S. GDP.
- The annual growth rate averaged 4.7% from 1990-2020.
- Personal income fell by 3.9% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the year-over-year percent change in total personal income for the U.S. population.
Q: Why is this trend relevant for users or analysts?
A: Personal income is a key indicator of consumer purchasing power and overall economic well-being, making it crucial for assessing the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated and published by the U.S. Bureau of Economic Analysis based on survey responses and administrative records.
Q: How is this trend used in economic policy?
A: Changes in personal income can signal shifts in consumer confidence and influence monetary and fiscal policy decisions by the Federal Reserve and government.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIINFONGSP), retrieved from FRED.