Per Capita Personal Consumption Expenditures: Goods for Oregon
ORPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,085.00
Year-over-Year Change
74.98%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Oregon' series measures the average amount spent by Oregon residents on goods, adjusted for population size. This metric is a key indicator of consumer demand and economic health 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 data series represents the average per-person expenditures on goods in Oregon. Economists and policymakers use it to assess consumer spending trends, which are closely tied to overall economic activity and the standard of living.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and businesses monitor this trend to understand consumer behavior and make informed decisions about economic policy and investment.
Key Facts
- Oregon per capita goods spending has increased by 30% since 2010.
- Oregon's per capita goods expenditures are 5% higher than the national average.
- Durable goods make up 40% of Oregon's per capita personal consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average amount spent by Oregon residents on goods, adjusted for the state's population size.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer demand and economic health in Oregon, which is crucial information for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to understand consumer behavior and make informed decisions about economic policy and investment.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 2-3 month delay, and may be subject to revisions based on updated household survey information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Oregon (ORPCEPCG), retrieved from FRED.