Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arkansas
ARPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,343.00
Year-over-Year Change
94.22%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Arkansas. It provides insights into consumer spending patterns and the role of the nonprofit sector in the state's economy.
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: Gross Output of Nonprofit Institutions for Arkansas series tracks the spending on services delivered by nonprofit organizations in the state. This metric is used to analyze the economic contribution of the nonprofit sector and consumer preferences for its services.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is relevant for policymakers, economists, and market analysts to understand the dynamics of the nonprofit sector and its impact on consumer spending in Arkansas.
Key Facts
- Arkansas's per capita nonprofit services spending was $1,799 in 2021.
- Nonprofit institutions account for over 10% of Arkansas's gross domestic product.
- Spending on nonprofit services has grown by 4.2% annually in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic role and impact of the nonprofit sector in Arkansas, which is important for policymakers, economists, and market analysts to understand consumer preferences and spending patterns.
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 trend is used by policymakers, economists, and market analysts to understand the dynamics of the nonprofit sector and its impact on consumer spending in Arkansas.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in availability due to the comprehensive data collection process.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arkansas (ARPCEPCGONPI), retrieved from FRED.