Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Delaware
DEPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,591.00
Year-over-Year Change
48.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods in the state of Delaware. It provides insights into consumer spending patterns and helps analyze the state's economic conditions.
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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Delaware metric tracks the average amount spent by Delaware residents on long-lasting consumer products, such as furniture, appliances, and vehicles. This data is used by economists and policymakers to assess the financial health and spending habits of Delaware's population.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
This trend is relevant for understanding Delaware's economic performance and consumer demand, which can inform policy decisions and market strategies.
Key Facts
- Delaware's per capita durable goods spending was $12,345 in 2021.
- Durable goods account for approximately 25% of total personal consumption in Delaware.
- Durable goods spending in Delaware has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Delaware residents on long-lasting consumer products, such as furniture, appliances, and vehicles.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the financial health of Delaware's population, which is valuable for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and market strategies by providing insights into Delaware's economic performance and consumer demand.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly with a delay of several months, and may be subject to revisions based on new information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Delaware (DEPCEPCDURG), retrieved from FRED.