Total Personal Income in Wisconsin
WIOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
415,476.40
Year-over-Year Change
16.20%
Date Range
1/1/1948 - 1/1/2025
Summary
Total Personal Income in Wisconsin tracks the total income earned by individuals and households in the state. It is a key indicator of 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
Total Personal Income in Wisconsin measures the sum of all income sources, including wages, salaries, business profits, investment returns, and government transfers. This metric provides insight into the overall financial health and purchasing potential of Wisconsin residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Historical Context
Policymakers and analysts monitor Wisconsin's total personal income to gauge the state's economic performance and outlook.
Key Facts
- Wisconsin's total personal income reached a record high of $362 billion in 2021.
- Personal income growth in Wisconsin has outpaced the national average in recent years.
- Wisconsin's per capita personal income is approximately 93% of the U.S. average.
FAQs
Q: What does this economic trend measure?
A: Total Personal Income in Wisconsin tracks the total income earned by individuals and households within the state, including wages, salaries, business profits, investment returns, and government transfers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall financial health and purchasing potential of Wisconsin residents, making it a key indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Wisconsin's total personal income to gauge the state's economic performance and outlook, which can inform decisions related to taxation, spending, and economic development programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions in Wisconsin.
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Citation
U.S. Federal Reserve, Total Personal Income in Wisconsin (WIOTOT), retrieved from FRED.