Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
950.80
Year-over-Year Change
60.88%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted annual rate of real personal income less current transfer receipts. It provides insights into changes in disposable personal income, which is a key indicator of consumer spending and economic growth.
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
Real personal income less current transfer receipts represents the portion of personal income that is available for discretionary spending after accounting for government transfers. This metric is closely watched by economists and policymakers as an important gauge of household financial well-being and potential consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Historical Context
This trend is used to inform monetary and fiscal policy decisions that can impact consumer confidence and economic performance.
Key Facts
- Quarterly data is released with a 2-month lag.
- The annual rate is calculated by multiplying the quarterly rate by 4.
- Declines in this metric can signal weakening consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted annual rate of real personal income less current transfer receipts, which represents the portion of personal income available for discretionary spending.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of household financial well-being and potential consumer demand, making it closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used to inform monetary and fiscal policy decisions that can impact consumer confidence and overall economic performance.
Q: Are there update delays or limitations?
A: The quarterly data is released with a 2-month lag, and the annual rate is calculated by multiplying the quarterly rate by 4.
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Per Capita Personal Consumption Expenditures: Total for Rhode Island
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Unemployment Level for Rhode Island
UNEMPLOYRI
Projected Business Formations Within Four Quarters: Total for All NAICS in Rhode Island
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIARTENTRECNQGSP), retrieved from FRED.