Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota
SDPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,207.50
Year-over-Year Change
131.93%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the final consumption expenditures of nonprofit institutions serving households in South Dakota. It provides insights into the service-based activities of the state's nonprofit sector.
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 Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota series tracks spending by nonprofit organizations that provide services directly to households in the state. This metric is used to analyze the role of the nonprofit sector in the South Dakota economy.
Methodology
This data is collected through surveys of nonprofit institutions and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists monitor this trend to understand the scope and impact of the nonprofit sector on South Dakota's economic activity.
Key Facts
- Nonprofit institutions serving households account for over 5% of GDP in South Dakota.
- This metric has grown by an average of 3.2% annually over the past decade in the state.
- South Dakota has a higher proportion of nonprofit sector spending compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the final consumption expenditures of nonprofit institutions that provide services directly to households in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role and impact of the nonprofit sector on the South Dakota economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit institutions and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand the scope and impact of the nonprofit sector on South Dakota's economic activity.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota (SDPCEFCENPISH), retrieved from FRED.