Per Capita Personal Consumption Expenditures: Nondurable Goods for Washington
WAPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,161.00
Year-over-Year Change
45.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods in the state of Washington. It is a key indicator of consumer spending and economic activity in the region.
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
Per capita personal consumption expenditures on nondurable goods represent the average amount spent by residents of Washington on non-durable items like food, clothing, and fuel. This metric is widely used by economists and policymakers to gauge consumer demand and the overall health of the state's economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in per capita nondurable goods spending can inform fiscal and monetary policy decisions at the state and national level.
Key Facts
- Washington's per capita nondurable goods spending was $18,250 in 2021.
- Nondurable goods account for over 50% of total personal consumption in Washington.
- Nondurable goods spending grew by 8.2% in Washington in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Washington on non-durable consumer goods like food, clothing, and fuel.
Q: Why is this trend relevant for users or analysts?
A: Nondurable goods spending is a key indicator of consumer demand and economic activity in Washington. Trends in this metric are closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in per capita nondurable goods spending in Washington can inform fiscal and monetary policy decisions at both the state and national level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods for Washington (WAPCEPCNDURG), retrieved from FRED.