Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Wisconsin
WIPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,287.00
Year-over-Year Change
57.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Wisconsin. It's a key indicator of consumer demand and economic activity 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 Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Wisconsin series tracks consumer spending on services delivered by non-profit organizations in the state. This metric provides insights into the health of Wisconsin's service sector and consumer preferences.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reports.
Historical Context
Policymakers and analysts use this trend to assess the economic conditions and consumer behavior in Wisconsin.
Key Facts
- Wisconsin's per capita spending on nonprofit services has grown by 20% over the past decade.
- Nonprofit institutions account for over 10% of Wisconsin's GDP.
- Consumer spending on nonprofit services is a leading indicator of economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and economic activity in Wisconsin's service sector, which is important for policymakers and analysts assessing the state's economic conditions.
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 reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer behavior and economic conditions in Wisconsin, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in the data due to the time required for collection and reporting, but the series is updated regularly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Wisconsin (WIPCEPCFCENPISH), retrieved from FRED.