Per Capita Personal Consumption Expenditures: Nondurable Goods for Arkansas
ARPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,652.00
Year-over-Year Change
46.32%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods in Arkansas. It provides insights into consumer spending patterns and economic activity within 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 on nondurable goods is a key economic indicator that tracks the average amount spent by Arkansas residents on non-durable items such as food, clothing, and energy. This metric is widely used by economists and policymakers to analyze consumer demand and evaluate the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic data sources.
Historical Context
This trend is important for understanding Arkansas' economic performance and informing policy decisions related to consumer markets and fiscal stimuli.
Key Facts
- Arkansas per capita nondurable goods spending was $17,256 in 2021.
- Nondurable goods account for over 50% of total personal consumption in Arkansas.
- Per capita nondurable goods spending in Arkansas has grown by 3.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Arkansas residents on non-durable consumer goods such as food, clothing, and energy products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and the overall health of Arkansas' economy, which is crucial for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic data sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess consumer spending patterns and inform decisions related to fiscal and monetary policy, as well as policies affecting consumer markets.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods for Arkansas (ARPCEPCNDURG), retrieved from FRED.