Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for North Dakota
NDPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,133.00
Year-over-Year Change
-27.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for the state of North Dakota. It provides insights into consumer spending patterns related to energy usage 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: Nondurable Goods: Gasoline and Other Energy Goods for North Dakota series tracks the average amount spent per person in the state on gasoline and other energy-related nondurable goods. This metric is used to analyze consumer behavior and the impact of energy prices on household budgets.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and reported on a quarterly basis.
Historical Context
This trend is relevant for policymakers, economists, and market analysts to understand the state's energy consumption patterns and their implications for the broader economy.
Key Facts
- North Dakota's per capita energy spending is typically higher than the national average.
- Gasoline and other energy goods account for a significant portion of North Dakota's nondurable goods consumption.
- Fluctuations in this trend can indicate changes in consumer behavior and the impact of energy prices on households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in North Dakota on nondurable goods, specifically gasoline and other energy-related products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the impact of energy prices on household budgets in North Dakota, which is valuable for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and reported on a quarterly basis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand energy consumption patterns and their implications for the broader North Dakota economy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for North Dakota (NDPCEPCGAS), retrieved from FRED.