Per Capita Personal Consumption Expenditures: Total for Colorado
COPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,781.00
Year-over-Year Change
76.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures (PCE) for Colorado measures consumer spending by residents of the state. It is a key indicator of economic activity and consumer confidence.
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
This metric tracks the total value of goods and services purchased by Colorado residents, divided by the state's population. It is a comprehensive measure of household consumption and a useful gauge of economic health.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess consumer demand and make informed decisions regarding economic policy.
Key Facts
- Colorado's per capita PCE was $49,342 in 2021.
- The trend has grown by over 30% since 2010.
- Consumer spending accounts for over two-thirds of Colorado's GDP.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Consumption Expenditures (PCE) for Colorado measures the total value of goods and services purchased by residents of the state, divided by the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer demand and economic activity in Colorado, providing insights into household spending patterns and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer demand and make informed decisions regarding economic policy, such as interest rates and fiscal measures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Colorado (COPCEPC), retrieved from FRED.