Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Virginia
VAPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,502.10
Year-over-Year Change
50.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the final consumption expenditures of nonprofit institutions serving households in Virginia. It provides insights into the spending patterns and economic activity 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: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Virginia metric tracks the spending of organizations such as charities, religious groups, and other non-profit entities within the state. This data point is used by economists and policymakers to assess the health and contribution of the nonprofit sector to Virginia's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Historical Context
This metric is relevant for understanding the role of the nonprofit sector in Virginia's economy and can inform policy decisions and resource allocation.
Key Facts
- This metric has been tracked since 1997.
- Nonprofit institutions account for a significant portion of Virginia's economy.
- Expenditures by nonprofits can indicate the health and growth of the sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the final consumption expenditures of nonprofit institutions serving households in the state of Virginia. It provides insights into the spending patterns and economic activity of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the role of the nonprofit sector in Virginia's economy and can inform policy decisions and resource allocation by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric can be used by economists and policymakers to assess the health and contribution of the nonprofit sector to Virginia's overall economic performance, which can inform policy decisions and resource allocation.
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 availability of the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Virginia (VAPCEFCENPISH), retrieved from FRED.