Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Delaware
DEPCEPCFININS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,738.00
Year-over-Year Change
40.42%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on financial services and insurance in the state of Delaware. It provides insights into consumer spending patterns and financial sector activity.
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: Financial Services and Insurance for Delaware series tracks the average amount spent by Delaware residents on financial services and insurance. This metric is used by economists and policymakers to analyze consumer behavior and financial sector performance at the state level.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the role of the financial services industry in Delaware's economy and informing economic policy decisions.
Key Facts
- Delaware has a significant financial services sector.
- Consumers in Delaware spend more on financial services than the national average.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Delaware residents on financial services and insurance, providing insights into consumer spending patterns and financial sector activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the financial services industry in Delaware's economy and informing economic policy decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and financial sector performance at the state level, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be a lag in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Delaware (DEPCEPCFININS), retrieved from FRED.