Per Capita Personal Consumption Expenditures: Total for District of Columbia
DCPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,037.00
Year-over-Year Change
57.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Total for District of Columbia measures the average household spending on goods and services in the District. This economic indicator provides insights into consumer demand and overall economic health.
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 series tracks the average per capita spending on personal consumption, including durable and nondurable goods, as well as services, by residents of the District of Columbia. It is a key measure of economic activity and consumer confidence used by policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and national accounts.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to gauge consumer spending patterns and inform monetary and fiscal policy decisions.
Key Facts
- Average per capita personal consumption in D.C. was $62,000 in 2021.
- Consumer spending accounts for over 65% of D.C.'s gross domestic product.
- Consumption levels in D.C. are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Consumption Expenditures: Total for District of Columbia measures the average household spending on goods and services by residents of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand and overall economic health in the District, which is crucial information for policymakers, businesses, and economic analysts.
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 national accounts.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other institutions to gauge consumer spending patterns and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for District of Columbia (DCPCEPC), retrieved from FRED.