Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Indiana
INPCEPCHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,460.00
Year-over-Year Change
64.97%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for services in the state of Indiana. It provides insights into consumer spending patterns and service-sector economic activity 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
The Per Capita Personal Consumption Expenditures: Services for Indiana metric tracks the average amount spent by Indiana residents on services, a key component of overall economic activity. It is used by economists and policymakers to analyze consumer behavior and service-sector performance in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey information and other economic indicators.
Historical Context
This trend is valuable for understanding consumer demand, informing economic forecasts, and guiding policy decisions that impact Indiana's service industries.
Key Facts
- Indiana's per capita service spending was $37,500 in 2021.
- Service expenditures account for over 60% of Indiana's personal consumption.
- Per capita service spending in Indiana has grown by 4.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Indiana on services, including categories like healthcare, recreation, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and the performance of Indiana's service sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey information and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, inform economic forecasts, and guide decisions that impact Indiana's service industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be delays in accessing the most recent information.
Related Trends
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Indiana
INOILGASQGSP
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Indiana
INPROSCITCHNGSP
Total Deposits in Commercial Member Banks in Indiana
X08TDCBMBTIN
Real Gross Domestic Product: Warehousing and Storage (493) in Indiana
INWARESTORRGSP
Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Indiana
INOTHTRANNGSP
Transportation Carbon Dioxide Emissions, Motor Gasoline for Indiana
EMISSCO2VMGACBINA
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Indiana (INPCEPCHCE), retrieved from FRED.