Per Capita Personal Consumption Expenditures: Services: Health Care for Montana
MTPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,081.00
Year-over-Year Change
60.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Montana' series measures the average per-person spending on healthcare services in Montana. This key economic indicator provides insights into consumer demand and healthcare industry trends.
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 trend represents the average personal expenditures on health care services, such as hospital visits, physician services, and prescription drugs, per resident in the state of Montana. It is a valuable metric for understanding consumer health spending behaviors and evaluating the healthcare sector's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on personal consumption expenditure surveys and other economic indicators.
Historical Context
Policymakers and economists use this trend to assess the state's healthcare spending patterns and their impact on the overall economy.
Key Facts
- Montana's per capita healthcare spending has increased by 25% over the past decade.
- Healthcare accounts for nearly 18% of total personal consumption expenditures in Montana.
- Montana's per capita healthcare spending is 8% lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person spending on healthcare services, such as hospital visits, physician services, and prescription drugs, by residents in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer demand and the economic performance of the healthcare sector in Montana, which is crucial for policymakers, economists, and industry analysts.
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 personal consumption expenditure surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state's healthcare spending patterns and their impact on the overall economy, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Montana (MTPCEPCHLTHCARE), retrieved from FRED.