Per Capita Personal Consumption Expenditures: Services for Louisiana
LAPCEPCSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,518.00
Year-over-Year Change
64.41%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on services per capita in Louisiana. It is a key indicator of consumer demand and economic activity within 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
Per Capita Personal Consumption Expenditures: Services for Louisiana tracks inflation-adjusted household spending on services in Louisiana. It is used by economists and policymakers to analyze consumer behavior and economic conditions in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric provides important insights into Louisiana's consumer-driven economy and can inform state-level economic policies.
Key Facts
- Louisiana's per capita services spending was $30,345 in 2021.
- Services make up over 60% of Louisiana's personal consumption expenditures.
- Louisiana's per capita services spending has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks personal consumption expenditures on services per capita in the state of Louisiana. It provides a measure of household spending on services within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend offers valuable insights into Louisiana's consumer-driven economy and can inform state-level economic policies and business decisions.
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: Policymakers and economists use this metric to analyze consumer behavior and economic conditions in Louisiana, which can inform state-level economic policies and programs.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services for Louisiana (LAPCEPCSRV), retrieved from FRED.