Per Capita Personal Consumption Expenditures: Services: Health Care for Arkansas
ARPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,098.00
Year-over-Year Change
69.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on health care services in Arkansas. It provides insight into consumer spending patterns and the state's healthcare industry.
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
Per capita personal consumption expenditures on health care services is a key measure of consumer spending on healthcare in Arkansas. It helps economists and policymakers understand trends in healthcare utilization and the role of consumer demand in the state's healthcare market.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used to analyze consumer behavior, healthcare policy, and economic conditions in Arkansas.
Key Facts
- Arkansas residents spent an average of $8,250 on healthcare services in 2021.
- Health care expenditures account for over 15% of Arkansas's personal consumption.
- Per capita healthcare spending in Arkansas is below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on health care services in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand for healthcare services and can inform policy decisions and economic analysis for Arkansas.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior, healthcare utilization, and economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Arkansas (ARPCEPCHLTHCARE), retrieved from FRED.