Gross Domestic Product: Arts, Entertainment, and Recreation (71) in North Dakota
Quarterly, Seasonally Adjusted Annual Rate
NDARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
489.20
Year-over-Year Change
73.66%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the seasonally adjusted annual rate of total nominal personal consumption expenditures, which is a key indicator of consumer demand and economic growth.
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
Total nominal personal consumption expenditures (PCE) represent the market value of all goods and services purchased by households. The seasonally adjusted annual rate adjusts for typical seasonal patterns to provide a clearer picture of underlying economic trends.
Methodology
The data is collected through household surveys and retail trade reports by the U.S. Bureau of Economic Analysis.
Historical Context
PCE is closely monitored by policymakers, economists, and investors to assess the health of the U.S. economy.
Key Facts
- PCE accounts for over two-thirds of U.S. GDP.
- Consumer spending has been a key driver of economic growth.
- The annual rate is adjusted for typical seasonal patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted annual rate of total nominal personal consumption expenditures, which represent the market value of all goods and services purchased by households.
Q: Why is this trend relevant for users or analysts?
A: PCE is a critical indicator of consumer demand and a key driver of economic growth, making it closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail trade reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely track PCE to assess the health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NDARTENTRECNQGSP), retrieved from FRED.