Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii
HIPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,637.00
Year-over-Year Change
48.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in Hawaii. It is a key indicator of the service sector and consumer spending 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
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii tracks the total economic activity of non-profit organizations that provide services to households in the state.
Methodology
The data is collected through surveys of nonprofit institutions.
Historical Context
This metric is used by economists and policymakers to analyze the health of Hawaii's service-based economy.
Key Facts
- Hawaii has a large service-based economy.
- Nonprofit institutions play a significant role in Hawaii's economy.
- This metric tracks a key component of consumer spending in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross output of nonprofit institutions that provide services to households in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Hawaii's service-based economy and the role of nonprofit institutions in consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit institutions in Hawaii.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze trends in Hawaii's service sector and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii (HIPCEPCGONPI), retrieved from FRED.