Personal Consumption Expenditures: Services: Financial Services and Insurance for Delaware
DEPCEFININS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,857.00
Year-over-Year Change
59.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on financial services and insurance in the state of Delaware. It provides insights into consumer spending and demand for these critical economic sectors.
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: Financial Services and Insurance for Delaware series tracks household spending on a range of financial products and insurance in the state. It is a key indicator of consumer activity and confidence in Delaware's economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, analysts, and businesses to assess economic conditions and consumer behavior in Delaware.
Key Facts
- Delaware residents spent $18.2 billion on financial services and insurance in 2021.
- This category accounts for over 15% of total personal consumption in Delaware.
- Spending on financial services and insurance has grown by 4.3% annually in Delaware since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household spending on financial products, services, and insurance in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer activity and confidence in Delaware's financial and insurance sectors, which are critical components of the state's 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, analysts, and businesses use this metric to assess economic conditions and consumer behavior in Delaware.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Financial Services and Insurance for Delaware (DEPCEFININS), retrieved from FRED.