Per Capita Personal Consumption Expenditures: Total for Louisiana
LAPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,425.00
Year-over-Year Change
58.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Total for Louisiana measures the average spending by Louisiana residents on goods and services. It is a key indicator of consumer demand and economic activity 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
This metric represents the total personal consumption expenditures for Louisiana residents divided by the state's population. It provides insights into consumer spending patterns and the overall standard of living in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this trend to gauge the health of Louisiana's economy and consumer confidence.
Key Facts
- Louisiana's per capita personal consumption expenditures were $45,342 in 2021.
- Consumption expenditures grew by 3.2% in Louisiana from 2020 to 2021.
- Louisiana's per capita consumption is lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average spending by Louisiana residents on goods and services, providing insights into consumer demand and economic activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the overall standard of living and consumer confidence in Louisiana'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.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the health of Louisiana's economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Louisiana (LAPCEPC), retrieved from FRED.