Per Capita Personal Consumption Expenditures: Total for Wisconsin
WIPCEPC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,593.00
Year-over-Year Change
56.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Total for Wisconsin' series measures the average level of consumer spending by residents of Wisconsin. It is an important economic indicator for gauging the health and trends of the state's economy.
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
This metric represents the total personal consumption expenditures (PCE) in Wisconsin divided by the state's population. PCE captures household spending on goods and services, providing insight into consumer demand and economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level personal consumption and population statistics.
Historical Context
Policymakers and analysts use this trend to assess Wisconsin's economic conditions and consumer confidence.
Key Facts
- Wisconsin's per capita PCE was $47,798 in 2021.
- PCE accounts for over two-thirds of Wisconsin's GDP.
- This metric has grown by 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the average level of consumer spending by residents of Wisconsin. It captures total personal consumption expenditures divided by the state's population.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and economic activity in Wisconsin, making it a key indicator for assessing the state's economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level personal consumption and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Wisconsin's economic performance and consumer spending patterns, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: This data is typically published with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Total for Wisconsin (WIPCEPC), retrieved from FRED.