Per Capita Personal Consumption Expenditures: Total for Nebraska
NEPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,177.00
Year-over-Year Change
54.56%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Total for Nebraska measures the average household spending on goods and services in the state. It is a key indicator of economic activity and consumer demand.
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 trend represents the total personal consumption expenditures in Nebraska divided by the state's population. It is a widely used metric for evaluating consumer spending patterns and the overall standard of living within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Historical Context
This metric is closely monitored by policymakers, businesses, and economists to assess consumer confidence and spending trends in Nebraska.
Key Facts
- Nebraska's per capita personal consumption expenditures have grown by over 20% in the past decade.
- Consumer spending accounts for over 60% of Nebraska's gross state product.
- The state's per capita consumption expenditures are consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by households in Nebraska on goods and services. It provides insight into consumer demand and living standards in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the health of Nebraska's economy and consumer confidence. It informs economic policymaking and business decision-making within the state.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using personal income and population statistics for the state of Nebraska.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess consumer spending patterns and adjust policies or strategies accordingly to support economic growth in Nebraska.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Nebraska (NEPCEPC), retrieved from FRED.