Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Arizona
AZPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,448.00
Year-over-Year Change
67.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Arizona. It is a key indicator of consumer demand 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: Gross Output of Nonprofit Institutions for Arizona trend represents the average spending by individuals on services from nonprofit organizations in the state. This metric helps economists and policymakers understand patterns of household consumption and the role of the nonprofit sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This trend is used to inform fiscal and monetary policy decisions that impact Arizona's economy and consumer markets.
Key Facts
- Arizona per capita nonprofit service spending was $2,345 in 2021.
- Nonprofit institutions account for over 5% of Arizona's gross state product.
- Consumption of nonprofit services has grown 3.2% annually in Arizona since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by Arizona residents on services provided by nonprofit institutions, such as charities, foundations, and other tax-exempt organizations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, economic activity, and the role of the nonprofit sector in Arizona's economy, which is valuable for policymakers, businesses, and researchers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend informs fiscal and monetary policy decisions that impact Arizona's consumer markets and the nonprofit organizations serving households in the state.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, and may be subject to revisions as more information becomes available.
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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 Arizona (AZPCEPCGONPI), retrieved from FRED.