Per Capita Personal Consumption Expenditures: Total for Missouri
MOPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,097.00
Year-over-Year Change
57.31%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the average personal consumption expenditures per person in the state of Missouri. It provides insights into consumer spending patterns and the overall economic well-being of Missouri residents.
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: Total for Missouri represents the average amount spent by Missouri residents on goods and services. It is a key indicator of economic activity and consumer confidence that is closely monitored by policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to evaluate Missouri's economic performance and guide policy decisions.
Key Facts
- Missouri's per capita personal consumption expenditures were $46,715 in 2021.
- This trend has shown steady growth over the past decade.
- Consumer spending accounts for over 60% of Missouri's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Missouri residents on personal consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall economic well-being of Missouri, which is useful for policymakers and economic analysts.
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 to evaluate Missouri's economic performance and guide policy decisions, as consumer spending is a major driver of economic growth.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Missouri (MOPCEPC), retrieved from FRED.