Personal Consumption Expenditures: Services: Health Care for Colorado
COPCEHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,459.00
Year-over-Year Change
87.30%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Health Care for Colorado trend measures household spending on healthcare services in the state. This metric is a key indicator of economic activity and consumer demand in 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 series represents the value of personal consumption expenditures on healthcare services by Colorado residents. It is used by economists and policymakers to analyze consumer spending patterns and understand the health of the state's healthcare industry.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in healthcare spending are closely watched for their implications on healthcare policy, industry performance, and household finances.
Key Facts
- Colorado healthcare spending accounts for 5.2% of total U.S. healthcare expenditures.
- Healthcare services make up 16.3% of total personal consumption in Colorado.
- Health care spending in Colorado has grown by an average of 3.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of personal consumption expenditures on healthcare services by residents of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Tracking healthcare spending is crucial for understanding consumer demand, industry performance, and policy implications in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in healthcare spending are closely monitored by policymakers, economists, and industry analysts to inform healthcare policy, regulation, and market forecasts.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data by the U.S. Bureau of Economic Analysis.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Colorado
COPCEPCFININS
Gross Domestic Product: Accommodation and Food Services (72) in Colorado
COACCOMDNQGSP
All Employees: Education and Health Services: Social Assistance in Colorado
SMU08000006562400001SA
Poverty Tax Exemptions Under Age 65 for Colorado
PLT65EXMCO8A647NCEN
Average Weekly Hours of All Employees: Professional and Business Services in Colorado
SMU08000006000000002
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Colorado
SMS08000004300000001
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Health Care for Colorado (COPCEHLTHCARE), retrieved from FRED.