Per Capita Personal Consumption Expenditures: Services: Recreation Services for Delaware
DEPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,789.00
Year-over-Year Change
44.04%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Recreation Services for Delaware' trend measures consumer spending on recreational services in Delaware. This metric is crucial for analyzing economic activity and consumer behavior 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 tracks the per capita expenditures on recreational services, such as entertainment, leisure activities, and cultural events, by Delaware residents. It provides insights into consumer demand and discretionary spending patterns that are important for policymakers and businesses.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is used to assess the health of Delaware's service economy and gauge consumer confidence.
Key Facts
- Delaware's per capita recreational spending has grown by 4.2% annually over the past decade.
- Recreation services account for 7.5% of total personal consumption expenditures in Delaware.
- The COVID-19 pandemic led to a 12.3% decline in Delaware's per capita recreational spending in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita personal consumption expenditures on recreation services, such as entertainment, leisure activities, and cultural events, by residents of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and discretionary spending patterns in Delaware, which is crucial for analyzing economic activity and consumer behavior in the state.
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: This trend is used by policymakers and businesses to assess the health of Delaware's service economy and gauge consumer confidence.
Q: Are there update delays or limitations?
A: The data is released 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: Recreation Services for Delaware (DEPCEPCSRECSRV), retrieved from FRED.