Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Delaware
DEPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,694.00
Year-over-Year Change
34.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures for services provided by nonprofit institutions serving households in Delaware. It is a key indicator of consumer spending 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
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Delaware series tracks household spending on services delivered by nonprofit organizations in the state. This metric provides insight into the scale and composition of the nonprofit sector's economic contributions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess the health of Delaware's service-based economy and the role of the nonprofit sector.
Key Facts
- Delaware's per capita nonprofit spending was $2,798 in 2021.
- Nonprofit institutions account for over 10% of Delaware's gross domestic product.
- Service-providing nonprofits make up the largest share of the state's nonprofit sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and economic contributions of Delaware's nonprofit sector, which is an important part of the state's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Delaware's service economy and the role of nonprofit institutions in supporting consumer spending and economic activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Delaware (DEPCEPCGONPI), retrieved from FRED.