Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for North Carolina
NCPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,381.60
Year-over-Year Change
99.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross output of nonprofit institutions serving households in North Carolina, a component of personal consumption expenditures on services. It provides insights into the economic activity and contributions 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 North Carolina trend represents the total value of goods and services produced by nonprofit organizations in North Carolina that serve households. It is a key economic indicator used to analyze the role of the nonprofit sector in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is used by economists, policymakers, and analysts to understand the size and economic impact of the nonprofit sector in North Carolina.
Key Facts
- Nonprofit institutions serve households in areas such as education, healthcare, and social services.
- The gross output of nonprofit institutions in North Carolina was $76.6 billion in 2021.
- The nonprofit sector accounts for over 10% of the state's gross domestic product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross output, or total value of goods and services produced, by nonprofit institutions serving households in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and economic contribution of the nonprofit sector in North Carolina, which is a significant 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 Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this trend to understand the role and impact of the nonprofit sector in North Carolina's economy, which can inform policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a delay of approximately 3 months.
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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 North Carolina (NCPCEGONPI), retrieved from FRED.