Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Arkansas
ARPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,571.60
Year-over-Year Change
149.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Arkansas. It provides insights into the activities and spending patterns of the nonprofit sector, which is an important component of the state's economy.
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 Arkansas metric tracks the spending by nonprofit organizations that provide services directly to households in the state. This data is used by economists and policymakers to understand the role of the nonprofit sector and its contribution to overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures estimates.
Historical Context
This trend is relevant for analyzing the health and impact of the nonprofit sector in Arkansas, which can inform economic and social policies.
Key Facts
- Arkansas nonprofit institutions spent $X.XX billion in 2022.
- Nonprofit spending accounts for Y% of total personal consumption in the state.
- The nonprofit sector employs Z% of the Arkansas workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in Arkansas. It provides insights into the activities and spending patterns of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role and impact of the nonprofit sector in Arkansas' economy, which can inform economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and contribution of the nonprofit sector, which can inform policies and initiatives targeting the nonprofit and social services industries in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Economic Analysis, which may result in some update delays or limitations.
Related Trends
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Arkansas
ARWHOLEQQGSP
Value of Exports to Ireland from Arkansas
ARIRLA052SCEN
Housing Inventory: Median Listing Price in Arkansas
MEDLISPRIAR
State Tax Collections: T29 Other License Taxes for Arkansas
QTAXT29QTAXCAT3ARNO
Resident Population in Arkansas
ARPOP
Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Arkansas
U2UNEM2AR
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Arkansas (ARPCEFCENPISH), retrieved from FRED.