Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Alabama
ALPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,202.50
Year-over-Year Change
62.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Alabama. It provides insights into the economic activity and output of the nonprofit sector in the state.
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 Personal Consumption Expenditures (PCE) Services metric tracks the gross output of nonprofit institutions in Alabama. This data point is used by economists and policymakers to assess the scale and impact of the nonprofit sector on the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the role of the nonprofit sector in Alabama's economic landscape and informing policy decisions.
Key Facts
- The nonprofit sector accounts for a significant portion of Alabama's economic output.
- Nonprofit institutions serving households include charities, foundations, and other tax-exempt organizations.
- This metric is a valuable indicator of the financial health and economic impact of the nonprofit sector in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the state of Alabama. It provides insights into the gross output and economic activity of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the scale and impact of the nonprofit sector on Alabama's economy, which is crucial information 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.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to inform decisions and policies related to the nonprofit sector and its role in Alabama's economic landscape.
Q: Are there update delays or limitations?
A: There may be some delays in the data updates, as it is collected and published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Alabama (ALPCEGONPI), retrieved from FRED.