Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Delaware
DEPCEPCFDSRVACCMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,243.00
Year-over-Year Change
70.61%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for food services and accommodations in the state of Delaware. It provides insights into consumer spending and the service industry within the state.
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: Services: Food Services and Accommodations for Delaware metric tracks the average amount spent per person on food services and accommodations within the state. This data point is used by economists and policymakers to analyze consumer demand, the health of the hospitality sector, and broader economic trends in Delaware.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Historical Context
This metric informs decisions related to economic policy, business investment, and consumer behavior in Delaware.
Key Facts
- Delaware's per capita food and accommodation spending was $5,342 in 2021.
- This metric has increased by 7.2% over the past 5 years in Delaware.
- Food services and accommodations account for over 10% of total personal consumption expenditures in Delaware.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average amount spent per person in Delaware on food services and accommodations, providing insights into consumer spending and the service industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to analyze consumer demand, the health of the hospitality sector, and broader economic trends in Delaware.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: This metric informs decisions related to economic policy, business investment, and consumer behavior in Delaware.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, with occasional delays due to the nature of data collection.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Delaware (DEPCEPCFDSRVACCMD), retrieved from FRED.