Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Oregon
ORPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,385.40
Year-over-Year Change
84.26%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the final consumption expenditures of nonprofit institutions serving households in Oregon. It provides insights into the spending patterns and activities of the nonprofit 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 trend for Oregon tracks the spending by nonprofit organizations that provide services directly to households, such as charities, religious organizations, and community groups. This data is used by economists and policymakers to assess the role of the nonprofit sector in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national personal consumption expenditures accounts.
Historical Context
This trend is relevant for understanding the economic contributions and priorities of the nonprofit sector in Oregon, which can inform policy decisions and resource allocation.
Key Facts
- Oregon's nonprofit expenditures account for over 5% of the state's GDP.
- The largest areas of nonprofit spending are healthcare, education, and social services.
- Nonprofit institutions serve over 1 in 10 Oregonians through their programs and services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the state of Oregon. It captures the spending by charities, religious organizations, and other nonprofits that provide services directly to Oregon residents.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic role and priorities of the nonprofit sector in Oregon. It helps analysts and policymakers understand the scale and focus areas of nonprofit activity, which can inform decisions about resource allocation and policies affecting the nonprofit community.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national personal consumption expenditures accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and nonprofit leaders to assess the economic contributions and service priorities of the nonprofit sector in Oregon. It can inform decisions about funding, regulations, and other policies affecting nonprofit organizations in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical data as the Bureau of Economic Analysis refines its methodology and source data.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Oregon (ORPCEFCENPISH), retrieved from FRED.