Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Virginia
VAPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,154.40
Year-over-Year Change
70.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in Virginia. It is an important indicator of the size and 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: Gross Output of Nonprofit Institutions for Virginia series tracks the total value of goods and services produced by nonprofit organizations in the state. This metric provides insight into the economic contribution and role of the nonprofit sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to monitor the health and economic impact of Virginia's nonprofit institutions.
Key Facts
- Virginia's nonprofit sector generates over $100 billion in annual gross output.
- Nonprofits account for more than 10% of Virginia's total economic activity.
- The nonprofit industry employs over 400,000 workers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross output or value of goods and services produced by nonprofit institutions serving households in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size, economic contribution, and role of the nonprofit sector in Virginia, which is a key part of the state's overall economy.
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: Policymakers and analysts use this trend to monitor the health and economic impact of Virginia's nonprofit institutions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Virginia (VAPCEGONPI), retrieved from FRED.