Gross Domestic Product: Ambulatory Health Care Services (621) in the District of Columbia
DCAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,041.90
Year-over-Year Change
102.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the ambulatory health care services industry in the District of Columbia. It provides insight into the economic output and productivity of this critical healthcare sector.
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 Gross Domestic Product: Ambulatory Health Care Services (621) in the District of Columbia series tracks the total economic output of businesses providing outpatient medical services in the region. This metric is used by economists and policymakers to analyze the health and growth of the local healthcare industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This GDP trend offers important context for understanding the District's healthcare market and guiding related policy decisions.
Key Facts
- The GDP of DC's ambulatory health care services reached $11.7 billion in 2021.
- This industry accounts for over 5% of the District's total economic output.
- Ambulatory health care services GDP has grown by 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the ambulatory health care services industry in the District of Columbia. It quantifies the total economic output of businesses providing outpatient medical services in the region.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric provides important insights into the health and growth of the District's healthcare sector, which is a critical part of the local economy. It helps economists and policymakers understand market dynamics and guide related decisions.
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 models.
Q: How is this trend used in economic policy?
A: This GDP trend for ambulatory health care services offers valuable context for understanding the District's healthcare market and guiding related policy decisions by government and industry stakeholders.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in the District of Columbia (DCAMBHCNGSP), retrieved from FRED.