Per Capita Personal Consumption Expenditures: Services for Delaware
DEPCEPCSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,358.00
Year-over-Year Change
50.81%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services for Delaware' metric measures the average household spending on services in the state of Delaware. It is a key indicator of consumer demand and economic 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
This data series represents the average dollar amount spent per person on services, including healthcare, recreation, and other personal expenditures, by Delaware residents. It is a widely-used barometer of consumer confidence and spending patterns in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and economic accounts.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the health of Delaware's consumer-driven economy and make informed decisions.
Key Facts
- Delaware's per capita services spending averaged $36,700 in 2021.
- Services account for over 60% of personal consumption in Delaware.
- Per capita services spending in Delaware has grown by 4.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average spending per person by Delaware residents on services, including healthcare, recreation, and other personal expenditures.
Q: Why is this trend relevant for users or analysts?
A: This is a key indicator of consumer demand and economic activity in Delaware, providing insights into the health of the state's consumer-driven economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the health of Delaware's consumer-driven economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services for Delaware (DEPCEPCSRV), retrieved from FRED.