Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana
MTPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,840.00
Year-over-Year Change
58.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Montana. It offers insights into the spending patterns and economic well-being of Montana residents.
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: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana trend represents the average amount spent per person on services provided by nonprofit organizations in the state. This data is used by economists and policymakers to assess the economic health and standard of living in Montana.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the role of the nonprofit sector in Montana's economy and how it contributes to the overall standard of living.
Key Facts
- Montana's per capita spending on nonprofit services is higher than the national average.
- The nonprofit sector accounts for a significant portion of Montana's economic activity.
- Trends in this data can indicate changes in the demand for social services in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Montana on services provided by nonprofit institutions serving households, such as charities, foundations, and other non-profit organizations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic well-being and standard of living of Montana residents, as well as the role of the nonprofit sector in the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the economic health and social welfare of Montana, and to inform decisions related to the nonprofit sector and social services in the state.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana (MTPCEPCFCENPISH), retrieved from FRED.