Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for North Carolina
NCPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,004.00
Year-over-Year Change
77.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in North Carolina. It is an important indicator of the size and activity of the nonprofit sector in the state's economy.
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 North Carolina tracks the total value of goods and services produced by nonprofit organizations in the state. This metric provides insight into the scale and role of the nonprofit sector as part of North Carolina's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess the contribution of the nonprofit sector to North Carolina's economy.
Key Facts
- North Carolina's nonprofit gross output was $72.3 billion in 2021.
- Nonprofit institutions account for over 10% of North Carolina's total economic output.
- The nonprofit sector employs more than 500,000 people in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by nonprofit organizations in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and role of the nonprofit sector as part of North Carolina's overall economic activity, which is useful for economists and policymakers.
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: Economists and policymakers use this metric to assess the contribution of the nonprofit sector to North Carolina's economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis.
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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 North Carolina (NCPCEPCGONPI), retrieved from FRED.