Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Hawaii
HIPCEPCLRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,403.00
Year-over-Year Change
53.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Hawaii, net of receipts from goods and services sales.
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: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Hawaii trend represents the average spending by Hawaii residents on nonprofit services, excluding the revenue those nonprofits generate. It provides insight into the scale and composition of the nonprofit sector's impact on personal consumption in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on household surveys and administrative records.
Historical Context
This metric is used by economists and policymakers to analyze the role of the nonprofit sector in Hawaii's economy and consumer spending patterns.
Key Facts
- Hawaii's per capita nonprofit spending was $2,298 in 2022.
- Nonprofit institutions serve around 10% of Hawaii's personal consumption needs.
- Nonprofit receipts offset about 30% of their service expenditures in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This indicator measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Hawaii, net of receipts from goods and services sales.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of the nonprofit sector's impact on personal consumption in Hawaii, which is valuable for analyzing the state's economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on household surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the role of the nonprofit sector in Hawaii's economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, 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: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Hawaii (HIPCEPCLRPTSLSGSNPIS), retrieved from FRED.