Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Ohio
OHPCELRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,536.50
Year-over-Year Change
55.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Ohio, excluding receipts from sales of goods and services. It provides insights into the activities and spending 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 data series tracks spending on services by households and nonprofit institutions serving households. This metric is used by economists and policymakers to analyze consumer demand, inflation, and the overall health of the Ohio economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic accounts.
Historical Context
This trend is relevant for understanding the role of the non-profit sector in Ohio's economy and consumer spending patterns.
Key Facts
- This metric excludes revenue from goods and services sold by non-profits.
- Non-profit institutions provide crucial services to Ohio households.
- Tracking this data helps analyze the role of the non-profit sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in Ohio, excluding receipts from sales of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the activities and spending of the non-profit sector in Ohio, which is crucial for understanding consumer demand and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, inflation, and the overall health of the Ohio economy, particularly the role of the non-profit sector.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of 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 Ohio (OHPCELRPTSLSGSNPIS), retrieved from FRED.