Per Capita Personal Consumption Expenditures: Services: Transportation Services for Iowa
IAPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,478.00
Year-over-Year Change
86.38%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Transportation Services for Iowa' series measures inflation-adjusted consumer spending on transportation services in Iowa. This indicator is crucial for understanding household consumption patterns and consumer demand 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
This economic series tracks per capita personal consumption expenditures on transportation services, including items like vehicle maintenance, public transportation, and other travel-related services. It provides insight into Iowans' spending habits and can inform policymakers and businesses about consumer preferences and the health of the local economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
Policymakers and businesses use this metric to monitor consumer behavior and assess the state's economic conditions.
Key Facts
- Iowa's per capita spending on transportation services was $2,700 in 2021.
- Transportation services account for about 7% of total personal consumption expenditures in Iowa.
- This metric has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures inflation-adjusted consumer spending on transportation services in the state of Iowa, including items like vehicle maintenance, public transportation, and other travel-related services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into Iowans' spending habits and consumer demand, which can inform policymakers and businesses about the health of the local economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to monitor consumer behavior and assess the state's economic conditions, which can inform decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Iowa (IAPCEPCTRANS), retrieved from FRED.