Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Idaho
IDPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
647.00
Year-over-Year Change
85.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on services provided by nonprofit institutions serving households in Idaho. 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 Idaho is a measure of the total spending on services by nonprofit organizations that directly benefit households, adjusted for the state's population. It provides insights into the health of the service sector and consumer preferences.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess economic conditions and consumer behavior in Idaho.
Key Facts
- Idaho's per capita spending on nonprofit services has grown by 20% over the past decade.
- Nonprofit institutions make up 5% of Idaho's GDP, a higher share than the national average.
- Charitable giving to nonprofit organizations in Idaho has increased by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total personal consumption expenditures on services provided by nonprofit institutions that directly benefit households in the state of Idaho, adjusted for the state's population.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of the service sector and consumer preferences in Idaho, which are important for understanding the state's economic conditions and making informed policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess consumer demand, the nonprofit sector's contribution to the economy, and overall economic conditions in Idaho.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Idaho (IDPCEPCFCENPISH), retrieved from FRED.