Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Minnesota
MNPCEPCLRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,267.00
Year-over-Year Change
60.09%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for services provided by nonprofit institutions serving households in Minnesota, net of receipts from sales of goods and services by those institutions.
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 indicator represents a key component of overall personal consumption expenditures, which is a vital metric for gauging consumer demand and the health of the Minnesota economy. It provides insights into the spending patterns and preferences of residents.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess consumer behavior and inform economic forecasting and decision-making.
Key Facts
- This trend excludes spending on goods and services sold by nonprofits.
- Nonprofit institutions include charities, universities, and religious organizations.
- Minnesota's per capita consumption of nonprofit services has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures for services provided by nonprofit institutions serving households in Minnesota, net of receipts from sales of goods and services by those institutions.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into consumer spending patterns and the role of nonprofit institutions in the Minnesota economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to assess consumer behavior and inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have publication lags, but it provides a reliable and comprehensive view of this component of personal consumption expenditures in Minnesota.
Related Trends
State Government Tax Collections, Total Taxes in Minnesota
MNTOTLTAX
Real Gross Domestic Product: Accommodation and Food Services (72) in Minnesota
MNACCOMDRQGSP
Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Minnesota
MNFRSTFISHQGSP
Number of Identified Exporters to Japan from Minnesota
MNJPNA475SCEN
Housing Inventory: Active Listing Count in Minnesota
ACTLISCOUMN
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Minnesota
SMU27000004000000002
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Minnesota (MNPCEPCLRPTSLSGSNPIS), retrieved from FRED.