Personal Consumption Expenditures: Services: Recreation Services for District of Columbia
DCPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,496.40
Year-over-Year Change
44.68%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on recreation services in the District of Columbia. It provides insight into consumer spending patterns and demand for leisure activities 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 Personal Consumption Expenditures: Services: Recreation Services for District of Columbia series tracks household spending on recreational services, such as entertainment, arts, and sports activities, within the Washington D.C. metropolitan area. This metric is used by economists and policymakers to assess consumer behavior and the state of the local service economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in recreation spending can inform economic policy decisions and business strategies related to the leisure and hospitality sectors.
Key Facts
- Recreation services account for approximately 2% of total consumer spending in D.C.
- Spending on recreation services has grown by over 30% in the past decade.
- D.C. has a higher proportion of recreation spending compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on recreation services, such as entertainment, arts, and sports activities, within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Trends in recreation spending provide insights into consumer behavior and the state of the local service economy, which can inform economic policy decisions and business strategies.
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: Trends in recreation spending can inform policy decisions and business strategies related to the leisure and hospitality sectors in the Washington D.C. metropolitan area.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with potential delays of several months between the reference period and the release date.
Related Trends
Number of Identified Exporters to Norway from District of Columbia
DCNORA475SCEN
Value of Exports to Ireland from District of Columbia
DCIRLA052SCEN
Value of Exports to Finland from District of Columbia
DCFINA052SCEN
Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in the District of Columbia
DCCPUELCPMANRGSP
Retail Trade Wages and Salaries in District of Columbia
DCWRET
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the District of Columbia
DCGOVQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for District of Columbia (DCPCESRECSRV), retrieved from FRED.