Personal Consumption Expenditures: Total for Louisiana
LAPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221,484.70
Year-over-Year Change
58.40%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Total for Louisiana measures consumer spending on goods and services within the state. This metric is a key indicator of economic activity and consumer confidence.
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
Personal Consumption Expenditures (PCE) tracks the total value of goods and services purchased by Louisiana residents. It is a comprehensive measure of consumer demand and a core component of Gross Domestic Product (GDP).
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Historical Context
Policymakers and analysts use Louisiana PCE to assess the strength of the state's economy and make informed decisions.
Key Facts
- Louisiana PCE totaled $255 billion in 2021.
- Consumer spending accounts for over 65% of Louisiana's GDP.
- PCE has grown by an average of 4.2% annually in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Total for Louisiana measures the total value of goods and services purchased by consumers within the state.
Q: Why is this trend relevant for users or analysts?
A: Louisiana PCE is a key indicator of consumer demand and economic activity in the state, providing valuable insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households in Louisiana.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Louisiana PCE to assess the strength of the state's economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for Louisiana (LAPCE), retrieved from FRED.