Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Maryland
MDPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,263.00
Year-over-Year Change
6.76%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Maryland. It provides insights into consumer spending patterns and energy demand.
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: Nondurable Goods: Gasoline and Other Energy Goods for Maryland series tracks the average amount spent per person in the state on gasoline and other energy-related nondurable goods. This metric is used by economists and policymakers to analyze consumer behavior and energy consumption trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding energy market dynamics and consumer demand in Maryland.
Key Facts
- Maryland's per capita spending on gasoline and energy goods was $2,750 in 2021.
- This trend has declined by 15% from its peak in 2008.
- Gasoline and energy goods account for about 4% of total personal consumption expenditures in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Maryland on gasoline and other energy-related nondurable goods as part of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and energy demand in Maryland, which is useful for understanding the state's economic conditions and energy market dynamics.
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: This trend is used by economists and policymakers to analyze consumer behavior and energy consumption trends, which can inform energy policies and economic decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Maryland (MDPCEPCGAS), retrieved from FRED.