Real Gross Domestic Product: Ambulatory Health Care Services (621) in Maryland
MDAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,744.70
Year-over-Year Change
52.13%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Ambulatory Health Care Services (621) in Maryland measures the inflation-adjusted value of economic output in the ambulatory healthcare sector within the state. This indicator provides insights into the health of Maryland's healthcare industry and the broader state 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 series represents the real GDP, or inflation-adjusted value of goods and services produced, specifically within the ambulatory healthcare services industry in Maryland. It is an important metric for understanding the economic performance and growth trends in this critical sector of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and industry analysts monitor this trend to assess the strength and trajectory of Maryland's healthcare market and its contribution to overall state economic activity.
Key Facts
- Maryland's ambulatory healthcare sector accounts for over 4% of the state's total GDP.
- Real GDP in this industry has grown by an average of 2.5% annually over the past decade.
- Ambulatory healthcare is one of the fastest-growing segments of Maryland's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of economic output in the ambulatory healthcare services industry within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of a critical sector of Maryland's economy, which is important for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the strength and trajectory of Maryland's healthcare market and its contribution to overall state economic activity.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Maryland (MDAMBHCRGSP), retrieved from FRED.