Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Massachusetts
MAPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,875.30
Year-over-Year Change
78.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Massachusetts. It provides insights into the spending patterns and financial health of the nonprofit sector 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 Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Massachusetts is a key economic indicator that tracks the spending of nonprofit organizations in the state. It offers valuable information about the size and composition of the nonprofit sector and its contributions to the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the economic health and contributions of the nonprofit sector in Massachusetts.
Key Facts
- Massachusetts has a large and diverse nonprofit sector.
- Nonprofit spending accounts for a significant portion of the state's GDP.
- Trends in nonprofit expenditures can signal changes in the local economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in Massachusetts. It provides insights into the spending patterns and financial health of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and industry analysts as it offers valuable information about the size, composition, and economic contributions of the nonprofit sector in Massachusetts.
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: This trend is used by policymakers, economists, and industry analysts to assess the economic health and contributions of the nonprofit sector in Massachusetts, which can inform policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Massachusetts (MAPCEFCENPISH), retrieved from FRED.