Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana
LAPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,746.60
Year-over-Year Change
76.33%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in Louisiana. It provides insight into the size and activity 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: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana metric tracks the total value of goods and services produced by nonprofit organizations in Louisiana that are consumed by households.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists and policymakers to understand the economic role of the nonprofit sector in Louisiana.
Key Facts
- Nonprofit institutions serve households by providing education, healthcare, and other services.
- The nonprofit sector accounts for a significant portion of economic activity in many states.
- Tracking nonprofit output helps policymakers understand the scale and impact of the nonprofit sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by nonprofit organizations in Louisiana that are consumed by households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and economic impact of the nonprofit sector in Louisiana, which is important for understanding the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the role and importance of the nonprofit sector in Louisiana's economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is collected and published by a government statistical agency.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Louisiana (LAPCEGONPI), retrieved from FRED.