Per Capita Personal Consumption Expenditures: Services for Nebraska
NEPCEPCSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,367.00
Year-over-Year Change
59.29%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on services per capita in Nebraska. It is a key indicator of consumer demand 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
Per Capita Personal Consumption Expenditures: Services for Nebraska represents household spending on a wide range of services, including healthcare, transportation, recreation, and other personal services. This metric is used by economists and policymakers to assess trends in consumer behavior and the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
This economic indicator is closely monitored by state and federal agencies to inform policy decisions and market analysis.
Key Facts
- Nebraska's per capita personal consumption expenditures on services were $39,732 in 2021.
- This metric has grown by an average of 3.2% annually over the past 10 years.
- Services make up approximately 66% of total personal consumption expenditures in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on services per capita in the state of Nebraska. It covers a wide range of household spending on services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key measure of consumer demand and economic activity in Nebraska. It provides insights into household spending patterns and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by state and federal agencies to inform policy decisions and market analysis related to consumer behavior and economic conditions in Nebraska.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may be revisions to historical data as more information becomes available.
Related Trends
Value of Exports to Finland from Nebraska
NEFINA052SCEN
All Employees: Transportation and Utilities: General Freight Trucking in Nebraska
SMU31000004348410001
All Employees: Professional and Business Services in Nebraska
NEPBSV
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Nebraska
NEFRSTFISHRGSP
All Employees: Educational Services in Nebraska
SMU31000006561000001A
Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Nebraska
NEPLASRUBMANQGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services for Nebraska (NEPCEPCSRV), retrieved from FRED.