Per Capita Personal Consumption Expenditures: Services: Transportation Services for Louisiana
LAPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,086.00
Year-over-Year Change
58.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for transportation services 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: Transportation Services for Louisiana series tracks household spending on transportation-related services within the state. It provides insights into consumer behavior and the overall health of Louisiana's economy.
Methodology
The data is collected through surveys and estimated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess consumer spending patterns and forecast economic trends in Louisiana.
Key Facts
- Louisiana's per capita transportation services spending has increased by 25% over the past decade.
- Transportation services account for approximately 12% of total personal consumption expenditures in Louisiana.
- Per capita transportation services spending in Louisiana is 7% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on transportation-related services in the state of Louisiana, including things like public transportation, taxis, and other mobility-related spending.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Louisiana, which is useful for policymakers, businesses, and economists analyzing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and estimated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer behavior, forecast economic trends, and inform decisions around infrastructure investment, transportation policy, and economic development initiatives in Louisiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Louisiana (LAPCEPCTRANS), retrieved from FRED.