Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Colorado
COEDHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.06
Year-over-Year Change
48.36%
Date Range
1/1/1997 - 1/1/2024
Summary
This index measures the real GDP contribution from the educational services, health care, and social assistance sectors in Colorado. It provides insights into the economic performance of these crucial industries.
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 Chain-Type Quantity Index for Real GDP tracks the inflation-adjusted economic output of specific industries or sectors within a geographic region. This metric is used by economists and policymakers to analyze trends in key economic activities.
Methodology
The data is calculated based on official government statistics and economic indicators.
Historical Context
Trends in this index can inform decisions around investment, workforce development, and public policy in Colorado's education, health care, and social assistance sectors.
Key Facts
- The index uses 2012 as the base year.
- It covers approximately 14% of Colorado's real GDP.
- Values above 100 indicate growth in the sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real GDP contribution from the educational services, health care, and social assistance sectors in Colorado.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the economic performance of these crucial industries, which can inform decisions around investment, workforce development, and public policy.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze trends in key economic activities and make informed decisions about investment, workforce development, and public policy in Colorado's education, health care, and social assistance sectors.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have some update delays due to the time required for data collection and analysis.
Related Trends
Gross Domestic Product: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Colorado
COARTETRTACCFDNGSP
Estimated Percent of People Age 0-17 in Poverty for Colorado
PPU18CO08000A156NCEN
State Government Tax Collections, Total License Taxes in Colorado
COTLLICTAX
Average Weekly Earnings of All Employees: Goods Producing in Colorado
SMU08000000600000011
Pandemic Unemployment Assistance Initial Claims in Colorado
PUAICCO
All Employees: Accommodation and Food Services in Colorado
SMU08000007072000001A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Colorado (COEDHLTHSOCASSQGSP), retrieved from FRED.