Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arkansas
ARPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
988.00
Year-over-Year Change
91.10%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on transportation services in Arkansas. It provides insight into consumer spending and economic activity 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: Services: Transportation Services for Arkansas trend tracks the average consumer spending on transportation-related services within the state. It is a key indicator of economic conditions and consumer behavior.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, economists, and businesses to analyze consumer demand and mobility patterns in Arkansas.
Key Facts
- Arkansas per capita transportation spending was $2,345 in 2021.
- Transportation services account for 8.2% of total personal consumption in Arkansas.
- Spending on transportation services has grown 3.5% annually in Arkansas over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by consumers in Arkansas on transportation-related services, such as public transit, taxis, and air travel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and economic activity in Arkansas, which is useful for policymakers, businesses, and economists analyzing regional trends.
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 the personal consumption expenditures series.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess consumer demand, transportation infrastructure needs, and overall economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may be revisions to prior period estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arkansas (ARPCEPCTRANS), retrieved from FRED.