Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Colorado
COPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,416.00
Year-over-Year Change
82.95%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Colorado. It is 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
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Colorado trend tracks household spending on services delivered by nonprofit organizations within the state. This data point is used by economists and policymakers to analyze patterns in consumer behavior and the overall health of Colorado's economy.
Methodology
The data is collected through surveys of households and nonprofit organizations by the U.S. Bureau of Economic Analysis.
Historical Context
This economic indicator provides insight into the dynamics of Colorado's service sector and informs policy decisions related to consumer spending and nonprofit activity.
Key Facts
- Colorado's per capita spending on nonprofit services has grown steadily over the past decade.
- Nonprofit institutions serving households account for a significant portion of economic activity in Colorado.
- Trends in this indicator can signal changes in consumer preferences and the availability of nonprofit services 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 Colorado.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer demand and the overall health of Colorado's economy, particularly the service sector and nonprofit activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and nonprofit organizations by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This indicator informs policy decisions related to consumer spending, nonprofit activity, and the service sector in Colorado.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be occasional delays or revisions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Colorado (COPCEPCFCENPISH), retrieved from FRED.