Per Capita Personal Consumption Expenditures: Goods for Delaware
DEPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,314.00
Year-over-Year Change
43.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Delaware' trend measures the average spending by Delaware residents on goods and services. This metric is a key indicator of consumer demand and economic activity in 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
This series represents the total personal consumption expenditures on goods per person in Delaware. It is used by economists and policymakers to assess consumer spending patterns and gauge the health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of household spending.
Historical Context
This metric is closely watched by state and local officials to inform fiscal and monetary policy decisions.
Key Facts
- Delaware's per capita goods spending was $18,523 in 2022.
- Goods consumption accounts for 60% of total personal expenditures in Delaware.
- Delaware's per capita goods spending has grown 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Delaware on goods such as food, clothing, and household items.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and economic health in Delaware, which is useful for businesses, policymakers, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of household spending in Delaware.
Q: How is this trend used in economic policy?
A: State and local officials monitor this metric to inform fiscal and monetary policy decisions that impact the Delaware economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Delaware (DEPCEPCG), retrieved from FRED.