Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Wisconsin
WIPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,450.00
Year-over-Year Change
54.05%
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 offers insights into consumer spending patterns and the nonprofit sector's economic impact.
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: Gross Output of Nonprofit Institutions for Wisconsin trend represents the average spending by Wisconsin residents on services delivered by nonprofit organizations. This data provides valuable context for analyzing the state's consumer behavior and the role of the nonprofit sector in the local economy.
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 trend can inform economic and policy decisions related to the nonprofit industry, consumer spending, and regional economic development.
Key Facts
- Wisconsin's per capita nonprofit service expenditures were $2,678 in 2021.
- Nonprofit institutions account for over 10% of Wisconsin's gross domestic product.
- Spending on nonprofit services has grown by 4.2% annually in Wisconsin over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita spending by Wisconsin residents on services provided by nonprofit institutions, such as healthcare, education, and social assistance.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and economic impact of the nonprofit sector in Wisconsin, which is an important component of the state's economy and social infrastructure.
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: This trend can inform economic and policy decisions related to the nonprofit industry, consumer spending, and regional economic development in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Wisconsin (WIPCEPCGONPI), retrieved from FRED.