Per Capita Personal Consumption Expenditures: Services: Transportation Services for Alabama
ALPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,073.00
Year-over-Year Change
63.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on transportation services in Alabama. It provides insights into consumer spending and demand for transportation-related goods and services 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
Per capita personal consumption expenditures on transportation services is a key indicator of consumer behavior and economic activity in Alabama. It tracks the average amount spent by residents on transportation-related products and services, including public transit, taxis, and other modes of travel.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reports.
Historical Context
This trend is used by policymakers, businesses, and economists to assess transportation infrastructure needs, consumer spending patterns, and broader economic conditions in Alabama.
Key Facts
- Alabama's per capita transportation spending was $3,425 in 2021.
- Transportation services account for about 8% of total personal consumption in Alabama.
- Spending on transportation services has grown by 20% in Alabama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Alabama on transportation-related goods and services, including public transit, taxis, and other modes of travel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and demand for transportation services in Alabama, which is useful for businesses, policymakers, and economists analyzing the state's economic conditions and infrastructure needs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reports.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, transportation agencies, and economic development organizations in Alabama to assess infrastructure needs, plan investments, and monitor consumer spending and economic activity.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay. There may be revisions to historical data as more information becomes available.
Related Trends
All Employees: Mining and Logging in Alabama
SMU01000001000000001A
All Employees: Manufacturing in Alabama
SMU01000003000000001SA
Industrial Carbon Dioxide Emissions, Natural Gas for Alabama
EMISSCO2TOTVICNGALA
Chain-Type Quantity Index for Real GDP: Military in Alabama
ALGOVFEDMILQGSP
90% Confidence Interval Upper Bound of Estimate of Median Household Income for Alabama
MHICIUBAL01000A052NCEN
Housing Inventory: Median Days on Market Year-Over-Year in Alabama
MEDDAYONMARYYAL
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Alabama (ALPCEPCTRANS), retrieved from FRED.