Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Idaho
IDPCEPCHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,960.00
Year-over-Year Change
69.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services for 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 statistic tracks the average amount spent by Idaho residents on services, including healthcare, utilities, recreation, and other non-durable goods. This data provides insights into consumer behavior and the overall health of Idaho's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Historical Context
Economists and policymakers use this metric to assess consumer spending patterns and make informed decisions about fiscal and monetary policies.
Key Facts
- Idaho's per capita personal consumption expenditures on services have grown by 4.2% over the past year.
- Services account for approximately 60% of total personal consumption expenditures in Idaho.
- The largest components of Idaho's service spending are healthcare, utilities, and recreation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Idaho residents on services, including healthcare, utilities, recreation, and other non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and the overall health of Idaho's economy, which is crucial for economists and policymakers to assess.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income and population estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess consumer spending patterns and make informed decisions about fiscal and monetary policies in Idaho.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. Users should be aware of this delay when interpreting the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Idaho (IDPCEPCHCE), retrieved from FRED.