Per Capita Personal Consumption Expenditures: Goods for Arkansas
ARPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,790.00
Year-over-Year Change
53.42%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures: Goods for Arkansas measures the average amount spent per person on goods in the state. It is a key indicator of consumer demand and economic activity.
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
This metric tracks total personal consumption expenditures on goods divided by the state's population, providing insight into Arkansas residents' spending patterns and overall economic well-being. It is frequently used by economists and policymakers to analyze trends in consumer behavior and forecast future economic conditions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
Trends in per capita consumption expenditures are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Arkansas per capita consumption expenditures on goods have risen by 25% over the past decade.
- Goods account for roughly 40% of total personal consumption in Arkansas.
- Per capita consumption expenditures are higher in urban areas compared to rural parts of the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average amount spent per person on goods by residents of Arkansas, providing insight into consumer demand and economic activity in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in per capita consumption expenditures are a key indicator of consumer behavior and overall economic conditions, making this data highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: Trends in per capita consumption expenditures are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that impact consumer demand and economic growth.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data, and the figures may be subject to periodic revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Arkansas (ARPCEPCG), retrieved from FRED.