Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Dakota
SDPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,345.00
Year-over-Year Change
110.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on services provided by nonprofit institutions serving households in South Dakota. It is an important indicator of economic activity and consumer demand 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: Gross Output of Nonprofit Institutions for South Dakota metric tracks consumer spending on nonprofit-provided services. This helps economists and policymakers assess the role of the nonprofit sector in the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is used to monitor consumer behavior, gauge economic conditions, and inform fiscal and monetary policy decisions.
Key Facts
- This metric is part of the U.S. personal consumption expenditures series.
- Nonprofit institutions include charities, foundations, and other tax-exempt organizations.
- South Dakota's per capita nonprofit consumption expenditures help measure the state's economic well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures 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 helps economists and policymakers assess the role of the nonprofit sector in South Dakota's economy and monitor consumer behavior in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is used to monitor consumer behavior, gauge economic conditions, and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revision processes of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for South Dakota (SDPCEPCGONPI), retrieved from FRED.