Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware
DEPCEPCHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,798.00
Year-over-Year Change
51.57%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures: Services for Delaware measures residents' average spending on services such as healthcare, housing, transportation, and recreation. This metric provides insights into economic well-being and consumer demand.
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 tracks the average dollar amount that Delaware residents spend on services, adjusted for the state's population. It is a key component of personal consumption expenditures, which account for the majority of U.S. economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and administrative sources.
Historical Context
Economists and policymakers monitor this trend to assess consumer demand, inflation, and the overall health of the Delaware economy.
Key Facts
- Delaware's per capita services spending was $46,251 in 2021.
- Services account for over 60% of total personal consumption in Delaware.
- Per capita services spending in Delaware is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount that Delaware residents spend on services, including healthcare, housing, transportation, and recreation, adjusted for the state's population.
Q: Why is this trend relevant for users or analysts?
A: Per capita services spending is a key indicator of consumer demand and the overall health of the Delaware economy. It provides insights into spending patterns, inflation, and economic well-being.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess consumer demand, inflation, and the overall health of the Delaware economy, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware (DEPCEPCHCE), retrieved from FRED.