Per Capita Personal Consumption Expenditures: Services: Recreation Services for Louisiana
LAPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,495.00
Year-over-Year Change
64.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures household spending on recreational services in Louisiana. It's 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
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Louisiana tracks the average spending by Louisiana residents on services like entertainment, sports, and leisure activities. It provides insights into consumer preferences and discretionary income levels.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, businesses, and analysts to gauge the health of Louisiana's service sector and overall economic conditions.
Key Facts
- Louisiana's recreation services spending exceeds the national average.
- Spending on recreation services accounts for over 5% of total consumer expenditures in Louisiana.
- Recreation services spending declined during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on recreational services in Louisiana, including entertainment, sports, and leisure activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand, discretionary income, and the health of Louisiana's service sector, which are important for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts use this metric to gauge the overall economic conditions and consumer behavior in Louisiana.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Louisiana (LAPCEPCSRECSRV), retrieved from FRED.