Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota
SDPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,401.00
Year-over-Year Change
107.70%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in South Dakota. It is a key indicator of consumer demand and economic activity 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
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota series tracks household spending on services from nonprofit organizations within the state. This metric offers insights into the health of the service sector and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other sources.
Historical Context
Policymakers and analysts use this trend to assess the economic conditions and consumer behavior in South Dakota.
Key Facts
- South Dakota's per capita nonprofit services spending was $2,462 in 2021.
- Nonprofit services account for over 10% of total personal consumption in South Dakota.
- This metric has grown by 3.2% annually on average over the past decade in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into consumer demand, economic activity, and the role of the nonprofit sector in South Dakota's economy.
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 sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess economic conditions and consumer behavior in South Dakota.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
Related Trends
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in South Dakota
SMU46000004000000002
Utilities Earnings in South Dakota
SDEUTI
Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in South Dakota
SDRENTQGSP
Imports of Goods: Non-Manufactured Commodities for South Dakota
IMPNONSD
Gross Domestic Product: Government and Government Enterprises (92) in South Dakota
SDGOVNQGSP
State Government Tax Collections, Total Income Taxes in South Dakota
SDTLINCTAX
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Dakota (SDPCEPCFCENPISH), retrieved from FRED.