Per Capita Personal Consumption Expenditures: Services: Recreation Services for Arizona
AZPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,183.00
Year-over-Year Change
89.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on recreation services in Arizona. It is an important indicator of 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: Recreation Services for Arizona series tracks the average amount spent by Arizona residents on recreation services, such as entertainment, sports, and hobby-related activities. This metric provides insight into consumer behavior and the health of the state's service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Historical Context
This trend is closely monitored by policymakers, businesses, and analysts to assess economic conditions and consumer demand in Arizona.
Key Facts
- Arizona's per capita recreation services spending was $2,732 in 2020.
- Recreation services account for approximately 5% of total personal consumption expenditures in Arizona.
- This metric has shown steady growth over the past decade, reflecting a vibrant consumer market in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Arizona residents on recreation services, such as entertainment, sports, and hobby-related activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and the health of Arizona's service sector, which is crucial for understanding the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor this trend to assess consumer demand and make informed decisions about economic policies and business strategies in Arizona.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Arizona (AZPCEPCSRECSRV), retrieved from FRED.