Personal Consumption Expenditures: Total for Delaware
DEPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,511.50
Year-over-Year Change
68.76%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Total for Delaware metric measures the total consumer spending within the state. It is a key indicator of economic activity and consumer confidence.
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 represents the total value of goods and services purchased by Delaware residents, including durable and non-durable goods as well as services. It is a widely tracked economic indicator used to gauge consumer demand and overall economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic models.
Historical Context
Policymakers and analysts use this metric to inform decisions around fiscal, monetary, and economic development policies.
Key Facts
- Delaware's personal consumption expenditures totaled $58.2 billion in 2021.
- Consumer spending makes up over 60% of Delaware's gross state product.
- Durable goods account for roughly 20% of total personal consumption in Delaware.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Total for Delaware metric measures the total value of goods and services purchased by consumers within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and consumer confidence in Delaware, providing insights into the health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around fiscal, monetary, and economic development policies in Delaware.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a delay of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for Delaware (DEPCE), retrieved from FRED.