Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arizona
AZPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,053.40
Year-over-Year Change
92.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions in Arizona that provide final consumption services to households. It is an important indicator of the scale and 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 Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arizona metric tracks the total economic activity of nonprofit organizations that provide goods and services directly to households in the state. This data is used by economists and policymakers to understand the size and contribution of the nonprofit sector.
Methodology
The data is collected through surveys of nonprofit organizations in Arizona by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in nonprofit output can inform decisions about regulations, funding, and policies affecting the nonprofit sector.
Key Facts
- Arizona's nonprofit output was $XX billion in the most recent year.
- Nonprofit institutions account for X% of total personal consumption expenditures in the state.
- The nonprofit sector employs over X,XXX people in Arizona.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total gross output of nonprofit institutions in Arizona that provide final consumption services directly to households in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in nonprofit output provide insight into the scale and importance of the nonprofit sector in the Arizona economy, which is valuable information for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit organizations in Arizona conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analyses of nonprofit output can inform decisions about regulations, funding, and policies affecting the nonprofit sector in Arizona and its role in the broader state economy.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of approximately X months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arizona (AZPCEGONPI), retrieved from FRED.