Per Capita Personal Consumption Expenditures: Total for Delaware
DEPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,672.00
Year-over-Year Change
48.54%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Total for Delaware' series measures the average level of consumer spending per person in the state of Delaware. This metric is a key indicator of economic activity and consumer demand.
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 personal consumption expenditures in Delaware divided by the state's total population, providing a per capita measure of consumer spending. It is used by economists and policymakers to analyze trends in consumer behavior and assess the overall health of the Delaware economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Historical Context
Changes in per capita consumption expenditures in Delaware are closely monitored by both public and private sector analysts to inform economic and policy decisions.
Key Facts
- Delaware's per capita personal consumption expenditures were $48,700 in 2021.
- Consumer spending accounts for over 60% of Delaware's gross state product.
- Per capita consumption in Delaware is consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Per Capita Personal Consumption Expenditures: Total for Delaware' series measures the average level of consumer spending per person in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and consumer demand in Delaware, and is closely monitored by economists and policymakers to assess the overall 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 using household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Changes in per capita consumption expenditures in Delaware are closely monitored by both public and private sector analysts to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Bureau of Economic Analysis on a regular basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Delaware (DEPCEPC), retrieved from FRED.