Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana
LAPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,099.00
Year-over-Year Change
76.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Louisiana. 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
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana series tracks household spending on services delivered by nonprofit organizations in the state. This metric provides insights into consumer preferences and the health of the nonprofit sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic accounts.
Historical Context
Policymakers and analysts use this trend to assess the economic conditions and consumer behavior in Louisiana.
Key Facts
- Louisiana's per capita spending on nonprofit services was $3,208 in 2021.
- Nonprofit institutions account for over 10% of Louisiana's gross domestic product.
- Consumer spending on nonprofit services has grown by 4% annually in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer preferences and the health of the nonprofit sector in Louisiana, which is an important part 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 surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic conditions and consumer behavior in Louisiana, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and there may be revisions to past data as new information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana (LAPCEPCGONPI), retrieved from FRED.