Per Capita 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
ALPCEPCLRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,730.00
Year-over-Year Change
56.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for services provided by nonprofit institutions in Alabama. It is a key indicator of household spending and economic activity 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 Per Capita 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 series provides insights into consumer behavior and the role of the nonprofit sector in the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is used by policymakers and economists to assess consumer demand and the health of Alabama's service sector.
Key Facts
- Alabama's per capita nonprofit services expenditures have grown steadily over the past decade.
- Nonprofit institutions play a significant role in Alabama's service-based economy.
- Spending on nonprofit services accounts for a sizeable portion of personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures for services provided by nonprofit institutions in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and the role of the nonprofit sector in Alabama's economy, which is useful for policymakers and economists assessing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess consumer demand and the health of Alabama's service sector.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological practices of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Per Capita 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 (ALPCEPCLRPTSLSGSNPIS), retrieved from FRED.