Per Capita Personal Consumption Expenditures: Services: Transportation Services for Florida
FLPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,055.00
Year-over-Year Change
100.10%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Services: Transportation Services for Florida measures consumer spending on transportation services in the state. This key economic indicator provides insights into consumer demand and the overall health of the Florida economy.
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
This series tracks the average per capita spending by Florida residents on transportation services, including public transit, taxis, and other modes of transportation. It is an important metric for evaluating consumer behavior and the strength of the service sector in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and market analysts use this trend to assess the economic conditions and consumer confidence in Florida.
Key Facts
- Florida's per capita transportation services spending is higher than the national average.
- Transportation services account for a significant portion of consumer expenditures in the state.
- Trends in this metric can signal changes in consumer confidence and economic activity in Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by Florida residents on transportation services, including public transit, taxis, and other modes of transportation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and the overall health of the Florida economy, making it an important metric for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the economic conditions and consumer confidence in Florida.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Florida (FLPCEPCTRANS), retrieved from FRED.