Personal Consumption Expenditures: Services: Transportation Services for Virginia
VAPCETRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,252.60
Year-over-Year Change
67.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Transportation Services for Virginia (VAPCETRANS) trend measures consumer spending on transportation services within the state of Virginia. This metric provides insight into the strength of the Virginia economy and consumer demand for mobility-related services.
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 VAPCETRANS series tracks consumer expenditures on services like public transportation, taxis, airfare, and other ground transportation within the state of Virginia. This data is used by economists and policymakers to analyze consumer behavior, gauge economic growth, and inform transportation infrastructure decisions.
Methodology
The data is collected through surveys of consumers and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by state and local governments to guide transportation funding and policy.
Key Facts
- VAPCETRANS data goes back to 1997.
- Transportation services account for ~5% of total consumer spending in Virginia.
- VAPCETRANS has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The VAPCETRANS trend measures consumer spending on transportation services within the state of Virginia, including public transit, taxis, airfare, and other ground transportation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and the overall health of Virginia's economy, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: State and local governments closely monitor VAPCETRANS to guide transportation funding and infrastructure decisions.
Q: Are there update delays or limitations?
A: The VAPCETRANS data is published on a quarterly basis with a typical 2-3 month lag.
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Citation
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Services: Transportation Services for Virginia (VAPCETRANS), retrieved from FRED.