Per Capita Personal Consumption Expenditures: Goods for South Carolina
SCPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,802.00
Year-over-Year Change
59.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on goods in South Carolina. It provides insights into consumer spending patterns and the state's economic activity.
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
Per capita personal consumption expenditures on goods is a key indicator of consumer demand and economic performance in South Carolina. It represents the average amount spent by residents on physical products, excluding services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This metric is used by policymakers, analysts, and businesses to monitor consumer behavior and assess the overall health of the South Carolina economy.
Key Facts
- South Carolina's per capita goods spending was $13,522 in 2021.
- Goods consumption accounts for about 35% of total personal consumption in the state.
- Per capita goods spending has grown by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in South Carolina on physical goods, excluding services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and the overall health of the South Carolina economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this metric to monitor consumer behavior and assess the economic performance of South Carolina.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
Related Trends
Gross Domestic Product: Arts, Entertainment, and Recreation (71) in South Carolina
SCARTENTRECNQGSP
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in South Carolina
SCNDURMANQQGSP
Management of Companies and Enterprises Earnings in South Carolina
SCEMAN
Average Weekly Earnings of All Employees: Financial Activities in South Carolina
SMU45000005500000011
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for South Carolina
PPCILBU18SC45000A156NCEN
Value of Exports to Ireland from South Carolina
SCIRLA052SCEN
Citation
U.S. Bureau of Economic Analysis, Per Capita Personal Consumption Expenditures: Goods for South Carolina (SCPCEPCG), retrieved from FRED.