Per Capita Personal Consumption Expenditures: Services: Transportation Services for Washington
WAPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,793.00
Year-over-Year Change
95.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on transportation services in Washington. It provides insights into consumer spending patterns and transportation-related economic activity.
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: Transportation Services for Washington metric tracks inflation-adjusted consumer spending on transportation-related services, such as air travel, public transportation, and other travel-related expenses. This data is used by economists and policymakers to analyze consumer behavior and transportation sector trends.
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 indicator is relevant for understanding consumer demand, transportation infrastructure needs, and broader economic conditions in Washington.
Key Facts
- Transportation services account for a significant portion of consumer spending in Washington.
- This metric is adjusted for inflation to provide a real-terms view of transportation-related consumption.
- Trends in this indicator can signal changes in consumer behavior and economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks per capita personal consumption expenditures on transportation-related services in Washington, such as air travel, public transportation, and other travel-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and transportation-related economic activity, which is important for understanding consumer behavior, infrastructure needs, and broader economic conditions in Washington.
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: Economists and policymakers use this indicator to analyze consumer demand, transportation infrastructure needs, and broader economic conditions in Washington.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential revisions of the National Income and Product Accounts.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Washington (WAPCEPCTRANS), retrieved from FRED.