Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for North Carolina
NCPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,002.60
Year-over-Year Change
-3.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in North Carolina. It provides insights into the activity and spending patterns of the non-profit 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 North Carolina series tracks spending by non-profit organizations that provide services directly to households in the state. It is a key indicator of the size and contribution of the non-profit sector to the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of non-profit organizations.
Historical Context
This trend is used by economists and policymakers to assess the health and economic impact of the non-profit sector in North Carolina.
Key Facts
- North Carolina's non-profit sector accounts for over 10% of the state's GDP.
- Spending by non-profit institutions has grown faster than overall personal consumption in the state.
- The services provided by non-profits serve as a crucial safety net for many North Carolina households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of non-profit institutions that provide services directly to households in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size, growth, and economic impact of the non-profit sector in North Carolina, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of non-profit organizations in North Carolina.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health and contribution of the non-profit sector in North Carolina, which informs decisions about economic development, social programs, and public-private partnerships.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for North Carolina (NCPCEFCENPISH), retrieved from FRED.