Real Gross Domestic Product: Ambulatory Health Care Services (621) in Florida
FLAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,289.60
Year-over-Year Change
75.04%
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 Florida. It provides insights into the productivity and economic performance of this crucial 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
The real GDP of ambulatory health care services in Florida represents the inflation-adjusted value of goods and services produced by this industry, which includes doctor's offices, outpatient care centers, and other ambulatory healthcare providers. This metric is widely used by economists and policymakers to assess the health and growth of Florida's healthcare 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 relevant for understanding the economic drivers and policy needs of Florida's healthcare industry and its impact on the broader state economy.
Key Facts
- Florida's ambulatory healthcare sector accounts for over 6% of the state's total GDP.
- Real GDP in this industry has grown by an average of 3.2% annually over the past decade.
- Ambulatory healthcare is one of the fastest-growing segments of Florida's economy.
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 Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic performance of Florida's crucial healthcare sector, which is a key driver of the state's overall economy.
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 relevant for understanding the economic drivers and policy needs of Florida's healthcare industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into this important economic sector.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Florida (FLAMBHCRGSP), retrieved from FRED.