Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Oregon
ORPCEPCFDSRVACCMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,101.00
Year-over-Year Change
91.28%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on food services and accommodations in Oregon. It provides insights into consumer spending patterns and the state's service sector activity.
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 on food services and accommodations in Oregon is a key economic indicator that reflects consumer demand for dining and lodging services. This metric is used by policymakers and analysts to assess the health of the state's service industry and overall economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic sources.
Historical Context
This trend is widely used to inform economic policy decisions and evaluate market conditions in Oregon.
Key Facts
- Oregon's per capita personal consumption expenditures on food services and accommodations reached a high of $4,714 in 2019.
- The trend declined by 26% in 2020 due to the COVID-19 pandemic's impact on the service sector.
- This metric has seen steady growth since the 2008-2009 recession, reflecting the state's economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on food services and accommodations in the state of Oregon. It provides insights into consumer spending on dining and lodging services.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health of Oregon's service sector and the overall state economy. It is used by policymakers, economists, and market analysts to assess consumer demand and guide economic decisions.
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 household surveys and other economic sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and institutions to inform economic policy decisions and evaluate market conditions in Oregon. It provides insights into consumer spending patterns and the performance of the state's service sector.
Q: Are there update delays or limitations?
A: There may be minor delays in data updates, as the information is collected and processed by government statistical agencies. Additionally, the metric may not capture all aspects of the service sector, as it focuses specifically on food services and accommodations.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Oregon (ORPCEPCFDSRVACCMD), retrieved from FRED.