Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Wisconsin
WIPCELRPTSLSGSNPIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,605.30
Year-over-Year Change
57.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures final consumption expenditures of nonprofit institutions serving households in Wisconsin, excluding receipts from sales of goods and services. It provides insights into the consumption patterns and economic activity of the nonprofit sector within 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 tracks the spending on services by nonprofit institutions serving households in Wisconsin. This metric is used by economists and policymakers to assess the contribution of the nonprofit sector to the state's overall economic activity and consumer demand.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic reports.
Historical Context
This trend is relevant for understanding the role of the nonprofit sector in Wisconsin's economy and can inform policy decisions related to the regulation and support of these institutions.
Key Facts
- This trend excludes receipts from sales of goods and services by nonprofit institutions.
- The nonprofit sector plays a significant role in Wisconsin's economy.
- Final consumption expenditures of nonprofit institutions serve as an indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the final consumption expenditures of nonprofit institutions serving households in Wisconsin, excluding receipts from sales of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and consumption patterns of the nonprofit sector in Wisconsin, which is important for understanding the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic reports.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to the regulation and support of nonprofit institutions in Wisconsin, as the nonprofit sector plays a significant role in the state's economy.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations typical of economic reporting, but the U.S. Bureau of Economic Analysis strives to provide timely and accurate information.
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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 Wisconsin (WIPCELRPTSLSGSNPIS), retrieved from FRED.