Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Carolina
SCPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,042.90
Year-over-Year Change
74.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in South Carolina. It provides insights into the size and activity of the nonprofit sector in the state's economy.
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: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Carolina (SCPCEGONPI) represents the total economic output of nonprofit organizations that provide services to households in the state. This metric is used by economists and policymakers to evaluate the role of the nonprofit sector in South Carolina's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the economic impact of the nonprofit sector and informing policy decisions that affect its operations.
Key Facts
- The nonprofit sector accounts for over 10% of South Carolina's GDP.
- Nonprofit institutions serve a wide range of community needs, from healthcare to education.
- This trend has grown steadily over the past decade, reflecting the expanding role of nonprofits in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross output of nonprofit institutions serving households in South Carolina. It provides insights into the size and activity of the nonprofit sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic impact of the nonprofit sector and informing policy decisions that affect its operations in South Carolina.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the role of the nonprofit sector and its contribution to the South Carolina economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the release of the latest figures.
Related Trends
Real Gross Domestic Product: Utilities (22) in South Carolina
SCUTILRQGSP
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for South Carolina
PPCIUBU18SC45000A156NCEN
Number of Noninsured Nonmember Commercial Banks in South Carolina
X08CBNMBNISC
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in South Carolina
SCFRBCIRGSP
Real Gross Domestic Product: Administrative and Support Services (561) in South Carolina
SCADMINSUPRGSP
All Employees: State Government Educational Services in South Carolina
SMU45000009092161101A
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Carolina (SCPCEGONPI), retrieved from FRED.