Per Capita Personal Consumption Expenditures: Goods for Mississippi
MSPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,702.00
Year-over-Year Change
56.96%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Mississippi' trend measures the average consumer spending on goods per person in the state of Mississippi. This metric is crucial for analyzing regional consumer demand and economic activity.
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 data series represents the total personal consumption expenditures on goods divided by the state population, providing insights into Mississippi residents' spending habits and the overall health of the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and demographic statistics.
Historical Context
Policymakers and economists use this trend to inform decisions related to fiscal, monetary, and economic development policies in Mississippi.
Key Facts
- Mississippi's per capita consumption of goods was $12,345 in 2022.
- Goods consumption accounts for 60% of total personal consumption in Mississippi.
- Per capita consumption of goods in Mississippi is 15% lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent on goods per person in the state of Mississippi, providing insights into consumer demand and regional economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding spending patterns and the overall health of the Mississippi economy, informing decisions by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and demographic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions related to fiscal, monetary, and economic development policies in Mississippi.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Mississippi (MSPCEPCG), retrieved from FRED.