Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for South Dakota
SDPCEPCLRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,944.00
Year-over-Year Change
111.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on services by nonprofit institutions serving households in South Dakota, excluding receipts from sales of goods and services.
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: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for South Dakota data series provides insights into household spending patterns and 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 by economists and policymakers to assess consumer demand and the financial health of the nonprofit sector.
Key Facts
- South Dakota's per capita personal consumption expenditures on nonprofit services totaled $2,342 in 2021.
- Nonprofit institutions in South Dakota received $462 per capita in sales of goods and services in 2021.
- The nonprofit sector accounts for approximately 5% of South Dakota's gross domestic product.
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, excluding receipts from sales of goods and services by those institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role of the nonprofit sector in South Dakota's economy and can help analysts and policymakers understand household spending patterns and the financial health of nonprofit organizations 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 by economists and policymakers to assess consumer demand and the financial health of the nonprofit sector, which can inform decisions related to economic development, social services, and tax policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for South Dakota (SDPCEPCLRPTSLSGSNPIS), retrieved from FRED.