Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Iowa
IAAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.18
Year-over-Year Change
38.11%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Iowa measures the real output of the ambulatory health care industry in the state. It is an important indicator for monitoring economic activity and growth 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 index tracks the volume of goods and services produced by ambulatory health care providers in Iowa, adjusting for price changes. It is a key statistic for analyzing the performance and productivity of the state's healthcare industry as part of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level deflators to convert nominal GDP into real, inflation-adjusted values.
Historical Context
Policymakers and industry analysts use this index to gauge the health and competitiveness of Iowa's ambulatory healthcare sector.
Key Facts
- The index has a base year of 2012 = 100.
- Iowa's ambulatory healthcare services account for over 3% of the state's total GDP.
- The index reached a record high in 2021, indicating strong growth in the sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Iowa's ambulatory healthcare services industry as part of the state's overall GDP.
Q: Why is this trend relevant for users or analysts?
A: The index provides key insights into the performance and productivity of a major component of Iowa's healthcare economy, which is important for economic policymaking and industry analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level deflators to convert nominal GDP into real, inflation-adjusted values.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to gauge the health and competitiveness of Iowa's ambulatory healthcare sector as part of the state's overall economic strategy.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag in reporting.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Iowa (IAAMBHCQGSP), retrieved from FRED.