Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota
SDPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,238.00
Year-over-Year Change
4.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in South Dakota. It provides insights into consumer spending patterns and energy demand within 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: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota series tracks the average amount spent per person on gasoline and related energy products by residents of South Dakota. This metric is used to analyze consumer behavior, energy consumption, and economic conditions within the state.
Methodology
The data is collected through household surveys and other statistical methods by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is useful for policymakers, energy companies, and market analysts to understand energy demand and consumer spending patterns in South Dakota.
Key Facts
- South Dakota's per capita spending on gasoline and energy goods was $2,345 in 2021.
- This trend has fluctuated over the past decade, with a high of $2,621 in 2013 and a low of $1,826 in 2020.
- Energy expenditures account for approximately 5% of total personal consumption in South Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in South Dakota on nondurable goods, specifically gasoline and other energy products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and energy demand within South Dakota, which is useful for policymakers, energy companies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other statistical methods by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to understand energy consumption and consumer spending behaviors in South Dakota, which can inform policy decisions related to energy, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some delay in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota (SDPCEPCGAS), retrieved from FRED.