Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for North Carolina
NCPCELRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,379.00
Year-over-Year Change
104.58%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in North Carolina, excluding their receipts from sales. It provides insights into the nonprofit sector's contribution to personal consumption 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 trend tracks spending on services by households and nonprofit institutions serving households. This specific series focuses on North Carolina and excludes receipts from sales, offering a unique perspective on the role of the nonprofit sector in the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This trend is used by economists and policymakers to analyze the nonprofit sector's impact on personal consumption and the overall economy in North Carolina.
Key Facts
- Excludes receipts from sales by nonprofit institutions in North Carolina.
- Provides insights into the nonprofit sector's contribution to personal consumption.
- Helps analyze the role of the nonprofit sector in the North Carolina economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures final consumption expenditures of nonprofit institutions serving households in North Carolina, excluding their receipts from sales.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and impact of the nonprofit sector on personal consumption in the North Carolina economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the nonprofit sector's contribution to personal consumption and the overall economy in North Carolina.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for North Carolina (NCPCELRPTSLSGSNPIS), retrieved from FRED.