Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii
HIPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,525.30
Year-over-Year Change
54.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in Hawaii as part of personal consumption expenditures on services. It provides insights into the economic activity and contributions of the nonprofit sector 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: Gross Output of Nonprofit Institutions for Hawaii trend represents the total output or production of nonprofit organizations that provide services directly to households in the state of Hawaii. This metric is an important indicator of the size and economic impact of the nonprofit sector.
Methodology
The data is collected through surveys of nonprofit organizations and households by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists, policymakers, and market analysts to understand the role of the nonprofit sector in Hawaii's economy and consumer spending patterns.
Key Facts
- Hawaii's nonprofit sector accounts for a significant portion of its GDP.
- The output of nonprofit institutions serving households has grown steadily in recent years.
- Nonprofit organizations play a vital role in providing social services and community support in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross output or total production of nonprofit institutions that provide services directly to households in the state of Hawaii as part of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size, economic impact, and contributions of the nonprofit sector in Hawaii, which is a key part of the state's economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit organizations and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to understand the role of the nonprofit sector in Hawaii's economy and its impact on consumer spending and economic activity.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the nature of the survey-based data collection process.
Related Trends
Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Hawaii
HINMMPMANNGSP
Number of Identified Exporters to Portugal from Hawaii
HIPRTA475SCEN
Number of Identified Exporters to Luxembourg from Hawaii
HILUXA475SCEN
State Government Tax Collections, Documentary and Stock Transfer Taxes in Hawaii
HIDOCUTAX
All Employees: Education and Health Services: Private Education and Health Services in Hawaii
HIEDUH
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Hawaii
PPCIUBU18HI15000A156NCEN
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii (HIPCEGONPI), retrieved from FRED.