Per Capita Personal Consumption Expenditures: Goods for Idaho
IDPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,663.00
Year-over-Year Change
66.68%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Idaho' series measures the average inflation-adjusted spending on goods by Idaho residents. 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
This metric represents the average level of real consumer spending on goods per person in Idaho. It is used by economists and policymakers to gauge trends in household consumption, which accounts for a large portion of economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure and population estimates.
Historical Context
This indicator provides insights into the health of Idaho's consumer-driven economy and can inform policy decisions at the state level.
Key Facts
- Idaho's per capita goods spending has grown by 25% over the past decade.
- Consumer spending on goods accounts for over 40% of Idaho's total economic output.
- Rapid population growth in Idaho has contributed to rising per capita consumption.
FAQs
Q: What does this economic trend measure?
A: This series measures the average inflation-adjusted spending on goods by people living in Idaho. It reflects the level of consumer demand in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: Tracking per capita consumption of goods is crucial for understanding broader economic conditions and consumer confidence in Idaho. This indicator provides insights into household spending patterns and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure and population estimates for the state of Idaho.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge the health of Idaho's consumer-driven economy. Changes in per capita goods spending can inform fiscal and monetary policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months. There may be revisions to previous estimates as more complete information becomes available.
Related Trends
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IDSOCASSNGSP
Real Gross Domestic Product: Insurance Carriers and Related Activities (524) in Idaho
IDINSCRARGSP
Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Idaho
IDTEXTRGSP
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MEDSQUFEEID
All Employees: Leisure and Hospitality: Accommodation and Food Services in Idaho
SMS16000007072000001
Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Idaho
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Idaho (IDPCEPCG), retrieved from FRED.