Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii
HIPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,235.00
Year-over-Year Change
41.01%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Hawaii. It is a key indicator of consumer demand and economic activity 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 Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii tracks spending on services delivered by non-profit organizations that support households, a critical component of overall economic consumption.
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 provides insights into household consumption patterns and the role of the non-profit sector in Hawaii's economy.
Key Facts
- Hawaii's per capita spending on nonprofit services was $2,921 in 2021.
- Nonprofit institutions account for over 5% of total personal consumption expenditures in Hawaii.
- Per capita nonprofit spending in Hawaii has grown by 23% 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 serving households in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the role of the nonprofit sector in Hawaii's economy and consumer spending patterns.
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 used by policymakers, economists, and market analysts to understand household consumption and the nonprofit sector's contribution to Hawaii's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 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 Hawaii (HIPCEPCFCENPISH), retrieved from FRED.