Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Wisconsin
WIPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,520.10
Year-over-Year Change
62.51%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the final consumption expenditures of nonprofit institutions serving households in Wisconsin. It provides insights into the spending patterns and economic activity of the nonprofit sector in the state.
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 trend for Wisconsin's nonprofit institutions serving households represents the value of goods and services consumed by these organizations. It is a key indicator of the size and economic contribution of the nonprofit sector within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This metric is used by policymakers, economists, and researchers to analyze the role of the nonprofit sector in Wisconsin's economy.
Key Facts
- Wisconsin's nonprofit institutions spending totaled $X.XX billion in the latest year.
- Nonprofit consumption accounts for Y% of total personal consumption expenditures in the state.
- Spending by nonprofits has grown at an average annual rate of Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in the state of Wisconsin. It provides insights into the economic activity and spending patterns of the nonprofit sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, economists, and researchers studying the role and impact of the nonprofit sector within Wisconsin's 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 surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and institutions to understand the size, growth, and economic contribution of Wisconsin's nonprofit sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month delay. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Wisconsin (WIPCEFCENPISH), retrieved from FRED.