Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for District of Columbia
DCPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,114.00
Year-over-Year Change
54.63%
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 the District of Columbia. It is a key indicator of consumer spending 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: Gross Output of Nonprofit Institutions for District of Columbia metric tracks the average expenditures on services delivered by nonprofit organizations to individuals and households in the District of Columbia. This data provides insights into the role of the nonprofit sector in the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic data sources.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess consumer demand, economic growth, and the influence of the nonprofit sector in the District of Columbia.
Key Facts
- The nonprofit sector accounts for over 10% of the District of Columbia's GDP.
- Nonprofit organizations provide a wide range of services, including healthcare, education, and social assistance.
- Tracking per capita consumption of nonprofit services is crucial for understanding the economic impact of the nonprofit sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average personal consumption expenditures on services provided by nonprofit institutions serving households in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and economic impact of the nonprofit sector in the District of Columbia, which is an important component 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 using household surveys and other economic data sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess consumer demand, economic growth, and the influence of the nonprofit sector in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, and there may be delays in the availability of the most recent information.
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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 District of Columbia (DCPCEPCGONPI), retrieved from FRED.