Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arkansas
ARAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,852.10
Year-over-Year Change
66.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Arkansas. It provides insights into the performance and growth of this critical healthcare sector within the state's 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
The Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arkansas is an economic indicator that tracks the inflation-adjusted output and productivity of the ambulatory healthcare industry in the state. This metric is used by economists and policymakers to assess the health and competitiveness of Arkansas's healthcare system.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by state and federal officials to inform healthcare and economic policy decisions.
Key Facts
- Arkansas's ambulatory healthcare sector accounts for 5.2% of the state's total GDP.
- Real GDP in this industry has grown by 3.8% annually over the past 5 years.
- Ambulatory healthcare is one of the fastest-growing components of Arkansas's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the ambulatory healthcare services industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of a critical sector of Arkansas's economy, which can inform healthcare and economic policy decisions.
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 principles.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this trend to help guide healthcare and economic policy decisions in Arkansas.
Q: Are there update delays or limitations?
A: There may be a 2-3 month delay in the release of this data, and the metric may not capture all aspects of the ambulatory healthcare industry in Arkansas.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arkansas (ARAMBHCRGSP), retrieved from FRED.