Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for North Carolina
NCPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
-13.08%
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 North Carolina. It's a key indicator of consumer spending and 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 for North Carolina metric tracks consumer spending on services provided by nonprofit organizations, such as religious, civic, and professional associations. This data is used to analyze household consumption patterns and the economic health of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend provides insights into the consumer market and service sector in North Carolina that are relevant for policymakers, economists, and businesses.
Key Facts
- North Carolina's per capita spending on nonprofit services was $1,603 in 2021.
- This metric has grown by 4.2% annually over the past 5 years.
- Nonprofit institutions account for 2.9% of North Carolina's total personal consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the economic health of North Carolina's service sector and nonprofit organizations.
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 policymakers, economists, and businesses to analyze consumer market conditions and the role of the nonprofit sector in North Carolina's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for North Carolina (NCPCEPCFCENPISH), retrieved from FRED.