Personal Consumption Expenditures: Services: Transportation Services for District of Columbia
DCPCETRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,469.30
Year-over-Year Change
71.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Transportation Services for District of Columbia measures consumer spending on transportation services in Washington, D.C. This indicator provides insights into local economic activity and consumer behavior.
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 series tracks the value of services expenditures on transportation, such as taxis, ride-sharing, and public transit, by residents of the District of Columbia. It is a component of the broader Personal Consumption Expenditures metric and offers a localized perspective on transportation-related consumer demand.
Methodology
The data is collected through surveys of households and businesses in the District of Columbia by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the state of the local economy and consumer preferences in the nation's capital.
Key Facts
- Washington, D.C. residents spent $4.8 billion on transportation services in 2021.
- Transportation services account for 4.2% of total personal consumption expenditures in D.C.
- Consumer spending on transportation services in D.C. has grown by 7.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on transportation services, such as taxis, ride-sharing, and public transit, by residents of the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into local economic activity and consumer behavior in the nation's capital, which is useful for policymakers and analysts assessing the state of the D.C. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses in the District of Columbia by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer preferences and transportation-related economic activity in Washington, D.C., which can inform policy decisions and planning.
Q: Are there update delays or limitations?
A: This data is typically published with a 2-3 month delay and may be subject to revisions as additional information becomes available.
Related Trends
Educational Services Earnings in District of Columbia
DCEEDU
Employment Level for the District of Columbia
EMPLOYDC
Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in the District of Columbia
DCPIPETRANQGSP
Value of Exports to Mexico from District of Columbia
DCMEXA052SCEN
Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in the District of Columbia
DCFNDTRSTQGSP
Gross Domestic Product: Primary Metal Manufacturing (331) in the District of Columbia
DCPRIMETMANNGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Transportation Services for District of Columbia (DCPCETRANS), retrieved from FRED.