Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Connecticut
CTPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,644.00
Year-over-Year Change
84.77%
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 Connecticut. It is an important indicator of household spending and consumer demand within 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 Connecticut trend tracks consumer spending on services delivered by nonprofit organizations that serve households, such as charities, religious organizations, and advocacy groups. This metric provides insights into the health of the Connecticut services sector and consumer preferences.
Methodology
The data is collected through surveys of households and nonprofit organizations by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the strength of Connecticut's consumer economy and nonprofit sector.
Key Facts
- Connecticut's per capita nonprofit services spending was $1,997 in 2021.
- Nonprofit services account for over 10% of total personal consumption expenditures in Connecticut.
- Spending on nonprofit services has grown by 4.2% annually in Connecticut over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions that serve households in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending on nonprofit services, which is an important component of the Connecticut economy.
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: Policymakers, economists, and market analysts use this trend to assess the strength of Connecticut's consumer economy and nonprofit sector.
Q: Are there update delays or limitations?
A: The data is typically updated 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 for Connecticut (CTPCEPCFCENPISH), retrieved from FRED.