Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Oregon
ORPCEPCFININS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,462.00
Year-over-Year Change
55.32%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Oregon' series measures consumer spending on financial services and insurance in the state of Oregon. This metric provides insight into household financial activity and consumer confidence.
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 economic trend represents the per capita spending on financial services and insurance by Oregon residents. It is a key component of overall personal consumption expenditures, which is a major driver of economic growth. Analysts use this data to assess the financial health and spending patterns of Oregon households.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
Policymakers and economists monitor this metric to gauge the financial well-being of Oregon consumers and the broader state economy.
Key Facts
- Oregon's per capita financial services spending exceeds the national average.
- Spending on financial services accounts for over 15% of total personal consumption in Oregon.
- The trend has shown steady growth over the past decade, reflecting the state's economic expansion.
FAQs
Q: What does this economic trend measure?
A: This metric measures the per capita spending by Oregon residents on financial services and insurance, including banking, investment management, and insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial health and spending patterns of Oregon households, which is crucial for understanding the state's economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of households and businesses in Oregon.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the financial well-being of Oregon consumers and inform decisions related to economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two to three months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Oregon (ORPCEPCFININS), retrieved from FRED.