Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii
HIPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,207.00
Year-over-Year Change
46.10%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in Hawaii. It provides insight into the non-profit sector's contribution to personal consumption 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 Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii series tracks the spending by non-profit organizations that provide services directly to households in the state. This metric is a key component of the overall personal consumption expenditures data used to assess the health of the Hawaii economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely monitored by policymakers and economists to understand household consumption patterns and the role of the non-profit sector.
Key Facts
- Nonprofit institutions include charities, foundations, and advocacy groups.
- This metric excludes government-run non-profits.
- Consumption by non-profits accounts for over 3% of Hawaii's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions that provide services directly to households in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role and contribution of the non-profit sector to personal consumption and the overall economy in Hawaii.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to understand household consumption patterns and the importance of the non-profit sector in Hawaii.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii (HIPCEFCENPISH), retrieved from FRED.