Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Colorado
COPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,779.00
Year-over-Year Change
62.93%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Colorado. It is a key 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: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Colorado metric tracks the average amount spent per person on services provided by nonprofit organizations in the state. This data provides insights into consumer demand and the health of the nonprofit sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess consumer behavior and the broader economic conditions in Colorado.
Key Facts
- Colorado per capita nonprofit spending was $3,255 in 2021.
- Nonprofit services account for over 10% of personal consumption expenditures in Colorado.
- Nonprofit spending has grown by 4.2% annually in Colorado over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average amount spent per person on services provided by nonprofit organizations in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and the health of the nonprofit sector, which are important indicators of broader economic conditions in Colorado.
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: Economists, policymakers, and market analysts use this trend to assess consumer behavior and the broader economic conditions in Colorado.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Colorado (COPCEPCGONPI), retrieved from FRED.