Per Capita Personal Consumption Expenditures: Services: Recreation Services for Colorado
COPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,274.00
Year-over-Year Change
82.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on recreation services in Colorado. It provides insights into consumer spending patterns and the state's service sector activity.
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 Colorado tracks the average spending by Colorado residents on recreational services, such as entertainment, sports, and hobbies. This metric is used to analyze consumer demand, service industry performance, and broader economic conditions in the state.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for policymakers, businesses, and analysts seeking to understand consumer behavior and the health of Colorado's service economy.
Key Facts
- Colorado's per capita recreation services spending was $2,540 in 2021.
- Recreation services account for 3.8% of total personal consumption expenditures in Colorado.
- Spending on recreation services in Colorado has grown by 6.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by Colorado residents on recreational services, such as entertainment, sports, and hobbies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand, service industry performance, and broader economic conditions in Colorado.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, businesses, and analysts seeking to understand consumer behavior and the health of Colorado's service economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
Related Trends
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Colorado
COFOODBEVTOBMANRGSP
Average Hourly Earnings of All Employees: Manufacturing in Colorado
SMU08000003000000003
Poverty Universe, Age 5-17 related for Colorado
PUA5T17RCO08000A647NCEN
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Colorado
COPROSCITCHRGSP
Monthly State Retail Sales: Electronics and Appliance Stores in Colorado
MSRSCO443
Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Colorado
COAMUSENGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Colorado (COPCEPCSRECSRV), retrieved from FRED.