Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Wisconsin
WIPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,668.00
Year-over-Year Change
47.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures for housing and utilities services in Wisconsin on a per capita basis. It is a key indicator of consumer spending 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 per capita personal consumption expenditures for housing and utilities services in Wisconsin represents the average amount spent by residents on these essential services. This metric is widely used by economists and policymakers to analyze trends in consumer behavior and the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Historical Context
This trend provides important context for evaluating the impact of economic policies and market conditions on household spending in Wisconsin.
Key Facts
- Wisconsin's per capita housing and utilities spending was $10,250 in 2021.
- This trend has grown by an average of 2.3% annually over the past decade.
- Housing and utilities account for nearly 25% of total personal consumption in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Wisconsin residents on housing and utilities services on a per capita basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall cost of living in Wisconsin, which are key factors for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of economic conditions and policy changes on household budgets and consumer behavior in Wisconsin.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Wisconsin (WIPCEPCHOUSUTL), retrieved from FRED.