Personal Consumption Expenditures: Total for District of Columbia
DCPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,490.40
Year-over-Year Change
73.62%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures (PCE) for the District of Columbia measures the total spending by consumers on goods and services. It is a key indicator of economic activity and consumer demand in the region.
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 PCE for DC represents the value of all goods and services purchased by consumers in the District. It includes durable goods, nondurable goods, and services, and is a widely used measure of economic health and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Historical Context
Policymakers and analysts use the DC PCE to assess the strength of the regional economy and consumer spending patterns.
Key Facts
- PCE accounts for about two-thirds of U.S. economic activity.
- DC's PCE reached a record high of $44.4 billion in 2021.
- PCE data is published monthly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures (PCE) for the District of Columbia measures the total spending by consumers on goods and services in the region.
Q: Why is this trend relevant for users or analysts?
A: The DC PCE is a key indicator of economic activity and consumer demand, which is useful for policymakers, businesses, and analysts assessing the strength of the regional 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 surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the DC PCE to assess the strength of the regional economy and consumer spending patterns, which informs decisions on economic policies and programs.
Q: Are there update delays or limitations?
A: The PCE data for DC is published monthly by the Bureau of Economic Analysis, with a typical release lag of about a month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for District of Columbia (DCPCE), retrieved from FRED.