Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Idaho
IDPCEPCFDSRVACCMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,005.00
Year-over-Year Change
77.81%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on food services and accommodations in Idaho. It is an important economic indicator for understanding consumer spending patterns and the state's service sector activity.
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: Food Services and Accommodations for Idaho metric tracks the average household-level spending on food away from home and lodging within the state. This data point helps economists and policymakers assess consumer demand and the performance of Idaho's hospitality industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and business reporting.
Historical Context
This trend provides insights into Idaho's tourism industry and consumer preferences that inform economic and fiscal policies.
Key Facts
- Idaho's per capita food and lodging spending has grown by 24% since 2010.
- Food services account for over 60% of this consumption category in Idaho.
- Idaho's per capita food and accommodations spending is 8% below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures average household-level spending on food services and accommodations in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into consumer demand and the performance of Idaho's hospitality industry, which is important for economic and policy analysis.
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 business reporting.
Q: How is this trend used in economic policy?
A: This trend informs policies related to Idaho's tourism industry and consumer preferences.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a delay of several months before the latest figures are published.
Related Trends
Number of Identified Exporters to Spain from Idaho
IDESPA475SCEN
Average Weekly Hours of All Employees: Total Private in Idaho
SMU16000000500000002
Information Earnings in Idaho
IDEINF
Value of Exports to Australia from Idaho
IDAUSA052SCEN
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Idaho
EMISSCO2CMGACBIDA
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Idaho
SMU16000004142400001A
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Idaho (IDPCEPCFDSRVACCMD), retrieved from FRED.