Per Capita Personal Consumption Expenditures: Services: Transportation Services for Delaware
DEPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,520.00
Year-over-Year Change
59.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Transportation Services for Delaware' metric measures the average consumer spending on transportation services in Delaware. This trend is a key indicator of economic activity and consumer demand within 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 metric represents the average per capita spending by Delaware residents on transportation services, which includes expenses such as public transportation, taxi/rideshare, and other travel-related services. It provides insight into consumer behavior and the health of the local transportation industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Historical Context
Policymakers and businesses use this trend to understand transportation demand and plan infrastructure investments accordingly.
Key Facts
- Delaware's per capita transportation services spending was $3,120 in 2021.
- Transportation services account for approximately 5% of total personal consumption in Delaware.
- Transportation services spending in Delaware has grown by 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average per capita spending by Delaware residents on transportation services, including public transportation, taxis, and other travel-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer behavior and the health of the local transportation industry, which is valuable for policymakers, businesses, and economists analyzing the Delaware economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to understand transportation demand and plan infrastructure investments accordingly.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Delaware (DEPCEPCTRANS), retrieved from FRED.