Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Alabama
ALPCELRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,055.60
Year-over-Year Change
66.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Alabama, excluding receipts from sales of goods and services. It provides insight into the spending patterns and economic activity 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: Services trend tracks the value of services consumed by households in Alabama, including those provided by nonprofit organizations. This data is used by economists and policymakers to analyze consumer behavior and the overall health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Historical Context
This trend is relevant for understanding the role of the nonprofit sector in Alabama's economy and can inform policy decisions and market analysis.
Key Facts
- The nonprofit sector accounts for a significant portion of Alabama's economy.
- Nonprofit institutions serving households include charities, religious organizations, and educational institutions.
- Tracking this trend can help policymakers understand the impact of the nonprofit sector on the state's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in Alabama, excluding receipts from sales of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the spending patterns and economic activity of the nonprofit sector in Alabama, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and market analysis related to the role of the nonprofit sector in Alabama's economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological changes of the U.S. Bureau of Economic Analysis.
Related Trends
90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Alabama
PPCILB5T17AL01000A156NCEN
All Employees: Transportation and Utilities: Electric Power Generation, Transmission and Distribution in Alabama
SMU01000004322110001SA
State Government Tax Collections, Public Utilities Licenses in Alabama
ALUTILLICTAX
State Government Tax Collections, Corporation Net Income Taxes in Alabama
ALCORPINCTX
Housing Inventory: Median Days on Market in Alabama
MEDDAYONMARAL
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Alabama
ALPROBUSQQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Alabama (ALPCELRPTSLSGSNPIS), retrieved from FRED.