Personal Consumption Expenditures: Total for Nebraska
NEPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,226.10
Year-over-Year Change
65.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Total for Nebraska measures the total value of goods and services purchased by Nebraska residents. It is a key indicator of economic activity and consumer demand 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
This metric represents the total consumer spending within Nebraska, including purchases of durable goods, nondurable goods, and services. It is a widely used barometer of the state's economic health and consumer confidence.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Historical Context
Policymakers and analysts use this trend to gauge Nebraska's economic performance and make informed decisions.
Key Facts
- Nebraska's personal consumption expenditures totaled $95.3 billion in 2021.
- Consumer spending in Nebraska has grown by an average of 3.2% annually over the past decade.
- Nondurable goods account for the largest share of Nebraska's personal consumption expenditures at 45%.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Total for Nebraska measures the total value of goods and services purchased by residents of the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and consumer demand in Nebraska, providing insights into the state's economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Nebraska's economic performance and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published with a few months' delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for Nebraska (NEPCE), retrieved from FRED.