Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for District of Columbia
DCPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,961.40
Year-over-Year Change
213.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in the District of Columbia. It provides insights into the service-based activities of the nonprofit sector in the region.
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 Personal Consumption Expenditures: Services data tracks spending on services by households, nonprofit institutions, and government entities. The nonprofit institutions serving households (NPISH) component specifically captures the final consumption activities of these tax-exempt organizations in the District of Columbia.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric helps economists and policymakers understand the scale and trends of the nonprofit sector's role in the District of Columbia's economy.
Key Facts
- Nonprofit institutions serve households in areas like education, healthcare, and social services.
- The District of Columbia has a large nonprofit sector compared to other U.S. regions.
- Spending by nonprofit institutions is an important component of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the District of Columbia, providing insights into the service-based activities of the nonprofit sector in the region.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand the scale and trends of the nonprofit sector's role in the District of Columbia's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand the service-based activities and economic impact of the nonprofit sector in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, with some potential for update delays due to data collection and compilation processes.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for District of Columbia (DCPCEFCENPISH), retrieved from FRED.