Per Capita Personal Consumption Expenditures: Services: Recreation Services for District of Columbia
DCPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,204.00
Year-over-Year Change
31.58%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on recreation services in the District of Columbia. It provides insights into consumer spending behavior and can inform policymakers on regional economic conditions.
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: Recreation Services for District of Columbia metric tracks the average household spending on recreational services, such as entertainment and leisure activities, in the nation's capital. This data point is a key indicator of consumer demand and financial well-being within the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures series.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the strength of the District of Columbia's economy and consumer confidence.
Key Facts
- Measured in chained 2012 dollars.
- Includes spending on entertainment, sports, and other leisure activities.
- Provides insights into residents' discretionary income and quality of life.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending on recreation services, such as entertainment and leisure activities, by residents of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand, financial well-being, and the overall strength of the District of Columbia's economy, making it a valuable indicator 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 as part of its personal consumption expenditures series.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess regional economic conditions, consumer confidence, and the impact of policy decisions on the District of Columbia's residents and businesses.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately three months, which may limit its real-time applicability for some users.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for District of Columbia (DCPCEPCSRECSRV), retrieved from FRED.