Per Capita Personal Consumption Expenditures: Total for Arkansas
ARPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,254.00
Year-over-Year Change
60.57%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures (PCE) for Arkansas tracks the average consumption spending per person in the state. This metric is a key indicator of economic activity and consumer demand.
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
PCE is a comprehensive measure of household spending on goods and services. The Arkansas-specific per capita figure provides insights into regional consumption patterns and consumer sentiment compared to national trends.
Methodology
The data is calculated based on personal consumption expenditures reported by the U.S. Bureau of Economic Analysis, divided by state population estimates.
Historical Context
Economists and policymakers use this state-level PCE data to analyze regional economic performance and consumer behavior.
Key Facts
- Arkansas PCE per capita was $42,373 in 2021.
- PCE accounts for over two-thirds of U.S. GDP.
- Arkansas PCE growth has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Consumption Expenditures (PCE) for Arkansas tracks the average amount spent by consumers in the state on goods and services.
Q: Why is this trend relevant for users or analysts?
A: PCE is a key indicator of consumer demand and economic activity. The Arkansas-specific data provides insights into regional spending patterns compared to national trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on reported personal consumption expenditures, divided by state population estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze state-level PCE data to understand regional economic performance and consumer behavior, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of several months. There may be revisions to historical figures as new information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Arkansas (ARPCEPC), retrieved from FRED.