Per Capita Personal Consumption Expenditures: Total for Hawaii
HIPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,115.00
Year-over-Year Change
61.70%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures (PCE) for Hawaii measures the average inflation-adjusted spending by residents on goods and services. It is a key indicator of consumer demand and economic growth 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
Per Capita PCE tracks the total personal consumption expenditures in Hawaii divided by the state's population. It provides a measure of household spending that is adjusted for inflation and useful for analyzing consumer trends and economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) from various economic surveys and accounts.
Historical Context
Policymakers and analysts use Hawaii's Per Capita PCE to assess the health of the state's consumer economy and guide fiscal and monetary policies.
Key Facts
- Per Capita PCE in Hawaii reached $50,283 in 2021.
- Hawaii's Per Capita PCE has grown by 3.2% annually on average over the past decade.
- Consumer spending accounts for over 60% of Hawaii's total economic output.
FAQs
Q: What does this economic trend measure?
A: Per Capita Personal Consumption Expenditures (PCE) for Hawaii measures the average inflation-adjusted spending by residents on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Hawaii's Per Capita PCE is a key indicator of consumer demand and economic growth in the state, providing insights into household spending patterns that are useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) from various economic surveys and accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Hawaii's Per Capita PCE to assess the health of the state's consumer economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Per Capita PCE data for Hawaii is published quarterly with a lag of approximately two to three months.
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Citation
U.S. Bureau of Economic Analysis, Per Capita Personal Consumption Expenditures: Total for Hawaii (HIPCEPC), retrieved from FRED.