Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Mississippi
MSPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,304.00
Year-over-Year Change
57.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Mississippi. It is a key indicator of consumer spending and nonprofit 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: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Mississippi trend tracks the average spending per person on services delivered by nonprofit organizations in the state. This provides insights into the role of the nonprofit sector in Mississippi's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national personal consumption expenditures statistics.
Historical Context
This trend is used by economists, policymakers, and nonprofits to analyze the scale and importance of the nonprofit sector in Mississippi's economy.
Key Facts
- Per capita, Mississippians spent an average of $4,379 on nonprofit services in 2021.
- Nonprofit institutions account for over 10% of Mississippi's gross domestic product.
- Spending on nonprofit services has grown by 25% in Mississippi over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per person spending on services provided by nonprofit institutions serving households in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale and economic impact of the nonprofit sector in Mississippi, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national personal consumption expenditures statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and nonprofits use this trend to analyze the role and importance of the nonprofit sector in Mississippi's economy and inform relevant policies and programs.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Mississippi (MSPCEPCGONPI), retrieved from FRED.