Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Utah
UTPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,213.00
Year-over-Year Change
95.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Utah. It is a key indicator of consumer spending and economic activity 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
Per capita personal consumption expenditures (PCE) represent the average amount spent by Utah residents on services from nonprofit organizations. This data provides insights into household spending patterns and the health of the state's service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to evaluate economic conditions and consumer demand in Utah.
Key Facts
- Utah's per capita PCE on nonprofit services was $2,283 in 2022.
- This metric has grown by 4.2% annually over the past 5 years.
- Nonprofit institutions make up 3.7% of Utah's total personal consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by Utah residents on services provided by nonprofit institutions, such as charities, foundations, and advocacy groups.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household consumption patterns and the strength of Utah's nonprofit sector, which is an important part 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 as part of the Personal Consumption Expenditures (PCE) series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate consumer demand, economic conditions, and the health of Utah's nonprofit organizations, which can inform decisions around funding, regulations, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so the most recent quarter may not be available. Additionally, the metric only covers Utah and does not provide comparisons to other states or the national average.
Related Trends
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Utah
EMISSCO2CMGACBUTA
Poverty Universe, Age 5-17 related for Utah
PUA5T17RUT49000A647NCEN
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Utah
UTARTETRTACCFDQGSP
Average Weekly Earnings of All Employees: Manufacturing in Utah
SMU49000003000000011
Pandemic Unemployment Assistance Initial Claims in Utah
PUAICUT
All Employees: Social Assistance in Utah
SMU49000006562400001A
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Utah (UTPCEPCFCENPISH), retrieved from FRED.