Consumer spending on financial services in Alabama

Consumer spending on financial services in Alabama was $11.94 billion in 2025, according to the U.S. Bureau of Economic Analysis. That is up 9.7% from 2024. That is the 26th highest of 51 states in 2025.

2025, USD million11,936.6

Change on 2024+9.7%

Rank26th of 51US states ranked

Series high11,936.62025

Series low2,946.61997

Next release: Thursday, 30 September 2027, 08:30 ET, announced by BEA. Release calendar

Consumer spending on financial services in Alabama, 1997 to 2025

USD million. Source: BEA, SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. Retrieved 2026-10-12, published 2026-09-30.

All 29 values

Period	USD million
2025	11,936.6
2024	10,881.3
2023	9,915.1
2022	9,346.6
2021	8,841.5
2020	8,007.8
2019	7,908.6
2018	7,696.7
2017	7,549.6
2016	7,198.2
2015	7,035
2014	6,666.1
2013	6,466.8
2012	6,295.4
2011	6,146
2010	5,931.2
2009	5,557.5
2008	5,939.6
2007	5,758
2006	5,493.8
2005	5,078.7
2004	4,655.9
2003	4,279.6
2002	3,968.8
2001	3,800.8
2000	3,942.6
1999	3,524.2
1998	3,230.6
1997	2,946.6

Compared with United States

Place	2025
Alabama	11,936.6
United States	1,107,018.9

Rankings

US states by consumer spending on financial services 51 places

Definition

Personal consumption expenditures on financial service charges, fees and commissions, and financial services furnished without payment, by the households and nonprofit institutions serving households resident in the place, in millions of current US dollars. Bureau of Economic Analysis, PCE by state by type of product (table SAPCE3, line 87, Financial services); the national figure equals the national accounts (NIPA table 2.4.5).

About half is an estimate of the value of banking services paid for through lower interest on deposits rather than explicit fees. Millions of current US dollars: not adjusted for inflation or for price differences between states (see regional_price_parity). Spending is assigned to the state where the buyer lives, wherever the purchase is made. It includes purchases paid on behalf of households by employers, insurers and government programs, and the spending of nonprofit institutions serving households. Not the same as retail sales, which count store sales where the store is, and not the PCE price index. BEA revises the latest years every September.

How to cite

U.S. Bureau of Economic Analysis. SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. https://apps.bea.gov/regional/zip/SAPCE.zip. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Bureau of Economic Analysis. (2026). SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states (Consumer spending on financial services, Alabama, 1997 to 2025) [Data set]. Retrieved October 12, 2026, from https://apps.bea.gov/regional/zip/SAPCE.zip

MLA 9

SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states, Consumer spending on financial services, Alabama, 1997 to 2025. U.S. Bureau of Economic Analysis, 30 Sept. 2026, https://apps.bea.gov/regional/zip/SAPCE.zip. Invokely, https://invokely.ai/en/consumer-spending-financial-services/alabama. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Bureau of Economic Analysis. 2026. SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. Consumer spending on financial services, Alabama, 1997 to 2025. Dataset. Accessed October 12, 2026. https://apps.bea.gov/regional/zip/SAPCE.zip. Also distributed by Invokely, https://invokely.ai/en/consumer-spending-financial-services/alabama.

Harvard

U.S. Bureau of Economic Analysis (2026) SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states, Consumer spending on financial services, Alabama, 1997 to 2025 [Dataset]. Available at: https://apps.bea.gov/regional/zip/SAPCE.zip, via Invokely: https://invokely.ai/en/consumer-spending-financial-services/alabama (Accessed: 12 October 2026).

BibTeX

@misc{bureau_consumer_spending_on_financial_2025,
  author = {{U.S. Bureau of Economic Analysis}},
  title = {{SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states: Consumer spending on financial services, Alabama, 1997 to 2025}},
  year = {2026},
  howpublished = {Data set},
  url = {https://apps.bea.gov/regional/zip/SAPCE.zip},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/consumer-spending-financial-services/alabama. Publisher attribution: U.S. Bureau of Economic Analysis. SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. https://apps.bea.gov/regional/zip/SAPCE.zip. Retrieved 2026-10-12.},
}

RIS

TY  - DATA
AU  - U.S. Bureau of Economic Analysis
TI  - SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states: Consumer spending on financial services, Alabama, 1997 to 2025
PY  - 2026
DA  - 2026/09/30
PB  - U.S. Bureau of Economic Analysis
DB  - Invokely
UR  - https://apps.bea.gov/regional/zip/SAPCE.zip
L2  - https://invokely.ai/en/consumer-spending-financial-services/alabama
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/consumer-spending-financial-services/alabama.
N1  - Publisher attribution: U.S. Bureau of Economic Analysis. SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. https://apps.bea.gov/regional/zip/SAPCE.zip. Retrieved 2026-10-12.
ER  -

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Questions

What is the consumer spending on financial services in Alabama?

Where does this figure come from?

U.S. Bureau of Economic Analysis. SAPCE3: personal consumption expenditures by state by type of product, financial services (line 87), millions of current dollars, United States and states. Retrieved by Invokely on 2026-10-12.

What was the highest consumer spending on financial services in Alabama?

$11.94 billion in 2025, the highest value since 1997 in this series.

Consumer spending on financial services elsewhere in United States

Related statistics for Alabama

All statistics for Alabama | Alabama in figures