Per Capita Personal Consumption Expenditures: Services: Transportation Services for District of Columbia
DCPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,637.00
Year-over-Year Change
55.56%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Services: Transportation Services for District of Columbia measures household spending on transportation services in the Washington, D.C. metropolitan area. This metric provides insight into consumer demand and economic activity.
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 trend represents the average per-person expenditures on transportation services, such as taxi, ride-sharing, and public transit, for residents of the District of Columbia. It is a key indicator of consumer behavior and an important factor in analyzing regional economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this metric to understand consumer spending patterns and the health of the local transportation sector.
Key Facts
- The data is reported on a quarterly basis.
- Transportation services account for a significant portion of household budgets.
- Trends in this metric can signal changes in economic activity and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person expenditures on transportation services, such as taxi, ride-sharing, and public transit, for residents of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and economic activity, as transportation services are a key component of household budgets. Trends in this data can signal changes in the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand consumer spending patterns and the health of the local transportation sector, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for District of Columbia (DCPCEPCTRANS), retrieved from FRED.