Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Indiana
INPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,764.70
Year-over-Year Change
78.87%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in Indiana. It provides insight into the size and composition of the nonprofit sector's contributions to personal consumption 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 Personal Consumption Expenditures: Services data series tracks spending on services by households and nonprofit institutions serving households. This specific trend focuses on the final consumption expenditures of nonprofit institutions in Indiana, offering a window into the economic role of the nonprofit sector in the state.
Methodology
The data is collected through surveys of businesses and organizations by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists and policymakers to assess the scale and impact of the nonprofit sector on Indiana's economy.
Key Facts
- Nonprofit institutions include charities, foundations, and advocacy groups.
- Indiana's nonprofit sector accounts for over 10% of the state's GDP.
- This trend data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the state of Indiana. It provides insight into the economic role and impact of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: The nonprofit sector plays a significant role in Indiana's economy, and this trend data is important for understanding the scale and composition of nonprofit spending and its contributions to personal consumption in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend data to assess the scale and impact of the nonprofit sector on Indiana's economy, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: This trend data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 3 months from the end of the reference period.
Related Trends
Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Indiana
U6UNEM6IN
Finance and Insurance Earnings in Indiana
INEFIN
Real Gross Domestic Product: Information (51) in Indiana
ININFORQGSP
Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Indiana
MSRSIN444
All Employees: Other Services: Repair and Maintenance in Indiana
SMU18000008081100001SA
All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Indiana
SMS18000006054000001
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Indiana (INPCEFCENPISH), retrieved from FRED.