Per Capita 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
OHPCEPCLRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,373.00
Year-over-Year Change
52.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services by nonprofit institutions serving households in Ohio, excluding receipts from goods and services sales.
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 series represents the final consumption expenditures of nonprofit institutions serving households in Ohio, a key component of personal consumption expenditures. It excludes sales receipts, providing a more accurate picture of service-based consumption.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is used by economists and policymakers to analyze consumer spending patterns and the role of the nonprofit sector in Ohio's economy.
Key Facts
- Ohio's per capita nonprofit service consumption was $2,385 in 2021.
- Nonprofit institutions account for 5.2% of Ohio's personal consumption expenditures.
- This metric excludes sales receipts, providing a more accurate measure of service-based consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by 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 metric provides insight into the role of the nonprofit sector in Ohio's economy and consumer spending patterns, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze consumer spending patterns and the contribution of the nonprofit sector in Ohio.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita 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 (OHPCEPCLRPTSLSGSNPIS), retrieved from FRED.