Gross Domestic Product: Ambulatory Health Care Services (621) in Arkansas
ARAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,433.40
Year-over-Year Change
87.22%
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 Arkansas. It provides insights into the economic performance and contribution of this key healthcare sector in the state.
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 (GDP) for Ambulatory Health Care Services (NAICS code 621) in Arkansas is a key economic indicator that tracks the total value of goods and services produced by this industry within the state. It is used by economists and policymakers to analyze the healthcare sector's economic impact and contribution to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is relevant for understanding the healthcare industry's role in Arkansas's economic growth and development.
Key Facts
- Arkansas's ambulatory healthcare GDP was $6.9 billion in 2021.
- This industry accounts for 4.2% of the state's total GDP.
- The sector has seen steady growth, expanding by 26% over 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 state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and contribution of the healthcare sector in Arkansas, which is useful for understanding the state's overall economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the healthcare industry's role in Arkansas's economic growth and inform policy decisions related to the healthcare sector.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with the most recent figures available for 2021.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Arkansas (ARAMBHCNGSP), retrieved from FRED.