Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arizona
AZPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,195.00
Year-over-Year Change
83.38%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arizona trend measures household spending on transportation services within the state. This indicator provides insights into consumer demand and economic activity in the transportation sector.
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
This economic indicator tracks the average per-person expenditures on transportation services, such as taxi, bus, and air travel, by Arizona residents. It is a key metric for analyzing consumer behavior and the health of the local service economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic accounts.
Historical Context
Policymakers and analysts use this metric to evaluate consumer spending patterns and the broader transportation industry performance in Arizona.
Key Facts
- Arizona's per capita transportation spending has increased by 15% over the past 5 years.
- Air travel accounts for the largest share of transportation services expenditures in the state.
- Transportation services make up approximately 6% of total personal consumption in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person spending by Arizona residents on transportation services, including taxi, bus, and air travel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and the health of the transportation services sector in Arizona, which is an important component of the local economy.
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 household surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate consumer spending patterns and the broader performance of the transportation industry in Arizona.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arizona (AZPCEPCTRANS), retrieved from FRED.