Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Hawaii
HIPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,248.00
Year-over-Year Change
47.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for Hawaii. It provides insight into consumer spending patterns and broader economic conditions.
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: Nondurable Goods: Other Nondurable Goods for Hawaii' series tracks consumer spending on a variety of nondurable goods, such as apparel, personal care products, and household supplies, in the state of Hawaii. This metric is a key indicator of economic health and consumer confidence.
Methodology
The data is collected through surveys of consumer spending and household budgets by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to understand broader consumer demand and make informed decisions.
Key Facts
- Hawaii's per capita nondurable goods spending averaged $7,125 in 2021.
- Nondurable goods make up around 30% of total personal consumption in Hawaii.
- This metric has shown steady growth over the past decade, with an average annual increase of 2.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and overall economic conditions in Hawaii, making it a key indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer spending and household budgets by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to understand broader consumer demand and make informed decisions about economic policy and market strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may be subject to revisions as more information becomes available.
Related Trends
Average Hourly Earnings of Production Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000008
Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMU15000007072000030
All Employees: Financial Activities in Hawaii
SMS15000005500000001
Projected Business Formations Within Eight Quarters: Total for All NAICS in Hawaii
BFPBF8QTOTALNSAHI
Coefficient for Industrial Carbon Dioxide Emissions, Asphalt and Road Oil for Hawaii
EMISSCO2CARICBHIA
All Employees: Education and Health Services: Ambulatory Health Care Services in Hawaii
SMU15000006562100001SA
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Hawaii (HIPCEPCONDURG), retrieved from FRED.