Per Capita Personal Consumption Expenditures: Total for Arizona
AZPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,921.00
Year-over-Year Change
70.66%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures (PCE) measures the average spending by Arizona residents on goods and services. It's a key indicator of consumer demand 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
PCE tracks the total value of goods and services purchased by Arizona residents, divided by the state's population. It provides insight into consumer spending patterns and trends, which are crucial for understanding economic growth and household financial health.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
PCE is widely used by policymakers, analysts, and businesses to assess Arizona's economic performance and consumer confidence.
Key Facts
- Arizona's per capita PCE was $45,700 in 2021.
- PCE accounts for approximately 70% of Arizona's GDP.
- PCE has grown by an average of 3.2% annually in Arizona over the past decade.
FAQs
Q: What does this economic trend measure?
A: Per Capita Personal Consumption Expenditures (PCE) tracks the average spending by Arizona residents on goods and services.
Q: Why is this trend relevant for users or analysts?
A: PCE is a key indicator of consumer demand and economic activity in Arizona, providing insights into household financial health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: PCE is widely used by policymakers, analysts, and businesses to assess Arizona's economic performance and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-month lag, and may be subject to revisions as more information becomes available.
Similar AZPCEPC Trends
All Employees: Retail Trade in Arizona
SMS04000004200000001
All Employees: Government: Local Government Educational Services in Arizona
SMU04000009093161101SA
Management of Companies and Enterprises Earnings in Arizona
AZEMAN
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Arizona
AZTRANGRNDTRANQGSP
Housing Inventory: Active Listing Count Month-Over-Month in Arizona
ACTLISCOUMMAZ
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Arizona
AZPCEPCTRANS
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Arizona (AZPCEPC), retrieved from FRED.