Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arizona
AZAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,067.50
Year-over-Year Change
75.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Arizona. It provides insights into the economic performance and growth of this critical healthcare sector within 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 Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arizona metric tracks the inflation-adjusted output of Arizona's ambulatory healthcare providers, including doctors' offices, outpatient care centers, and home healthcare services. This data helps analysts and policymakers understand the state's healthcare industry dynamics and its contribution to the overall economy.
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 valuable for monitoring the healthcare industry's role in Arizona's economic development and informing relevant policy decisions.
Key Facts
- Arizona's ambulatory healthcare GDP was $13.4 billion in 2021.
- This sector has grown at an average annual rate of 3.2% over the past decade.
- Ambulatory healthcare accounts for over 4% of Arizona's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of Arizona's critical healthcare sector, which is important for understanding the state's overall economic dynamics and informing relevant 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: This trend is valuable for monitoring the healthcare industry's role in Arizona's economic development and informing relevant policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to periodic revisions and update lags.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Arizona (AZAMBHCRGSP), retrieved from FRED.