Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Southeast BEA Region
SESTPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
379,273.50
Year-over-Year Change
79.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the gross output of nonprofit institutions serving households in the Southeast region of the United States. It is an important metric for analyzing the size and contribution of the nonprofit sector to the regional 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 Southeast BEA Region tracks the total value of goods and services produced by nonprofit organizations in the Southeast. This data is used by economists and policymakers to understand the economic role of the nonprofit sector and its impact on regional economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This metric is relevant for analyzing the health and growth of the nonprofit sector and its influence on consumer spending and economic conditions in the Southeast region.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Nonprofit institutions serving households include charities, foundations, trade associations, and other tax-exempt organizations.
- This metric excludes government-owned and -operated nonprofit institutions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total gross output or production of nonprofit institutions serving households in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the size, growth, and economic impact of the nonprofit sector in the Southeast region, which is crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and analysts to assess the health and contribution of the nonprofit sector to regional economic activity and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the statistical agency.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Southeast BEA Region
SESTPCEFOOD
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the Southeast BEA Region
SESTAPPLEATHMANNGSP
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
SESTADMINWASTRGSP
Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
SESTADMINWASTNGSP
Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the Southeast BEA Region
SESTELCEQAPMANRGSP
Real Gross Domestic Product: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLERQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Southeast BEA Region (SESTPCEGONPI), retrieved from FRED.