Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Dakota
SDPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,752.80
Year-over-Year Change
134.61%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in South Dakota. It is an important indicator of the scale and contribution of the nonprofit sector to the state's economy.
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: Gross Output of Nonprofit Institutions for South Dakota series tracks the total value of goods and services produced by nonprofit organizations in the state. This metric provides insight into the economic footprint and role of the nonprofit sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of nonprofit organizations.
Historical Context
Policymakers and economists use this trend to assess the health and significance of South Dakota's nonprofit industry.
Key Facts
- South Dakota's nonprofit sector accounts for over 7% of the state's total economic output.
- Nonprofit institutions serve a wide range of social, educational, and community needs in South Dakota.
- The gross output of South Dakota's nonprofit institutions has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross output or production of nonprofit institutions serving households in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and economic contribution of South Dakota's nonprofit sector, which is an important part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of nonprofit organizations in South Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and significance of the nonprofit industry in South Dakota, which informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data for this trend.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Dakota (SDPCEGONPI), retrieved from FRED.