Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Virginia
VAPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,281.00
Year-over-Year Change
43.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures spending on housing and utility services by Virginia residents. It is an important indicator of consumer demand and living costs 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: Services: Housing and Utilities for Virginia tracks inflation-adjusted spending on housing, electricity, gas, and other utilities by individuals in the state. It provides insights into the cost of living and consumer behavior.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Historical Context
This metric is closely watched by policymakers, businesses, and economists to assess economic conditions and consumer trends in Virginia.
Key Facts
- Virginia's per capita housing and utility spending was $8,302 in 2021.
- This metric has risen by 20% over the past 5 years.
- Utilities account for about 40% of total housing and utility expenditures in Virginia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks inflation-adjusted per capita spending on housing, electricity, gas, and other utility services by Virginia residents.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the cost of living and consumer demand for housing and utility services in Virginia, which are important factors for businesses, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, businesses, and economists to assess economic conditions and consumer trends in Virginia.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Virginia (VAPCEPCHOUSUTL), retrieved from FRED.