Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Idaho
IDPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,270.70
Year-over-Year Change
129.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households for the state of Idaho. It provides insights into the spending patterns and financial health 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 data tracks the spending on services by nonprofit institutions serving households, which are a crucial part of the economy. This indicator is used by economists and policymakers to understand the role of the nonprofit sector and its contribution to overall economic activity in Idaho.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This trend is relevant for understanding the economic conditions and policy priorities in Idaho, as the nonprofit sector plays a significant role in the state's economy.
Key Facts
- Idaho's nonprofit sector accounts for over 10% of the state's GDP.
- Expenditures by nonprofit institutions in Idaho have grown by 4% annually over the past decade.
- The nonprofit sector in Idaho employs more than 80,000 people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the state of Idaho. It provides insights into the spending patterns and financial health of the nonprofit sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic conditions and policy priorities in Idaho, as the nonprofit sector plays a significant role in the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of the nonprofit sector and its contribution to overall economic activity in Idaho, which can inform policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is updated 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, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Idaho (IDPCEFCENPISH), retrieved from FRED.