Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for District of Columbia
DCPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,889.00
Year-over-Year Change
185.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the District of Columbia. It is a key indicator of consumer demand and economic activity 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 Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for District of Columbia represents the average spending by DC residents on services provided by non-profit organizations. This metric offers insights into the scale and composition of the region's service-based economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and administrative records.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to gauge consumer behavior and the health of the District of Columbia's economy.
Key Facts
- The trend has increased by over 50% since 2010.
- Nonprofit institutions account for nearly 10% of DC's total personal consumption expenditures.
- Spending on nonprofit services is a leading indicator of economic growth in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by District of Columbia residents on services provided by nonprofit institutions, such as charities, foundations, and advocacy groups.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into consumer demand and the role of the nonprofit sector in the District of Columbia's economy, which is important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge consumer behavior and the overall health of the District of Columbia's economy, which can inform decisions on fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two 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: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for District of Columbia (DCPCEPCFCENPISH), retrieved from FRED.