Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Utah
UTPCELRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,673.00
Year-over-Year Change
105.55%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in Utah, less their receipts from sales of goods and services. It provides insight into the nonprofit sector's role in the state's 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 (PCE) Services trend tracks spending on services by nonprofit institutions that serve households in Utah. This data is used by economists and policymakers to understand the size and dynamics of the nonprofit sector's contribution to Utah's economy.
Methodology
The data is collected through surveys of nonprofit organizations and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the role of the nonprofit sector in supporting households and economic activity within Utah.
Key Facts
- Utah's nonprofit sector accounts for over 7% of the state's GDP.
- Nonprofit institutions serve over 1 million households in Utah.
- The average Utah household spends $4,200 annually on nonprofit services.
FAQs
Q: What does this economic trend measure?
A: This trend measures final consumption expenditures of nonprofit institutions serving households in Utah, less their receipts from sales of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and dynamics of the nonprofit sector's contribution to Utah's economy, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit organizations and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of the nonprofit sector in supporting households and economic activity within Utah.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Utah (UTPCELRPTSLSGSNPIS), retrieved from FRED.