Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia
VAPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,766.00
Year-over-Year Change
59.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the state of Virginia. It provides insights into consumer demand and spending patterns for discretionary nondurable items.
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: Other Nondurable Goods for Virginia metric tracks household spending on a variety of nondurable consumer products in the state. This data is used by economists and policymakers to analyze consumer behavior and its implications for the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Historical Context
This trend is relevant for understanding consumer demand and its potential impact on retail sales, inflation, and economic growth in Virginia.
Key Facts
- Virginia's per capita nondurable goods spending excluding food and energy was $7,522 in 2022.
- Nondurable goods account for over 30% of total personal consumption expenditures in Virginia.
- Other nondurable goods include items like personal care products, cleaning supplies, and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns for discretionary nondurable items, which is useful for economists and policymakers analyzing the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding consumer demand and its potential impact on retail sales, inflation, and economic growth in Virginia, which can inform policymaking decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for delays due to the collection and reporting process.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia (VAPCEPCONDURG), retrieved from FRED.