Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arkansas
ARAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.99
Year-over-Year Change
66.73%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arkansas measures the real output of the ambulatory health care services industry in the state. This metric is important for economists and policymakers to assess the overall health of the Arkansas economy and the 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
This index tracks the volume of goods and services produced by the ambulatory health care services industry in Arkansas, adjusted for inflation. It provides a measure of real economic activity in this key sector, which is crucial for understanding broader economic trends and informing policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor the performance and growth of the healthcare sector in Arkansas and its contribution to the state's overall economic output.
Key Facts
- The index has a base year of 2012 = 100.
- Ambulatory health care services account for around 5% of Arkansas's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the ambulatory health care services industry in Arkansas, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and contribution of the healthcare sector to the overall Arkansas economy, which is crucial information 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 using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the healthcare sector's performance and contribution to Arkansas's economic growth, which informs policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arkansas (ARAMBHCQGSP), retrieved from FRED.