Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Arizona
AZPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
964.00
Year-over-Year Change
85.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Arizona. It is an important economic indicator for understanding consumer spending patterns and the role of the nonprofit sector.
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: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Arizona series tracks household consumption of services provided by nonprofit organizations in the state. This metric offers insights into the scale and composition of the nonprofit sector's contributions to the Arizona economy.
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 closely monitored by policymakers, economists, and nonprofit organizations to assess the economic health and consumer demand within Arizona.
Key Facts
- Arizona's per capita nonprofit consumption expenditures were $2,446 in 2021.
- Nonprofit services account for over 5% of total personal consumption in Arizona.
- Consumption of nonprofit services has grown faster than overall personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into the scale and role of the nonprofit sector within the Arizona economy, which is crucial for understanding consumer spending patterns and the broader economic landscape.
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 closely monitored by policymakers, economists, and nonprofit organizations to assess the economic health and consumer demand within Arizona.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Arizona (AZPCEPCFCENPISH), retrieved from FRED.