Personal Consumption Expenditures: Services: Health Care for Iowa
IAPCEHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,375.50
Year-over-Year Change
60.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Health Care for Iowa' trend measures consumer spending on healthcare services in the state of Iowa. This metric is important for economists and policymakers to understand consumer demand and healthcare costs in the region.
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 economic indicator tracks personal consumption expenditures on healthcare services, such as hospital care, physician services, and other medical services, for the state of Iowa. It provides insight into consumer healthcare spending patterns and can inform policy decisions related to healthcare access and costs.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Historical Context
This trend is used by economists, policymakers, and healthcare industry analysts to monitor consumer healthcare demand and spending in Iowa.
Key Facts
- Iowa's healthcare spending accounts for a significant portion of its overall personal consumption expenditures.
- Trends in healthcare spending can reflect changes in consumer demand, insurance coverage, and medical costs.
- The COVID-19 pandemic has significantly impacted healthcare spending patterns in Iowa and across the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on healthcare services in the state of Iowa, including hospital care, physician services, and other medical services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer healthcare spending patterns in Iowa, which can inform policy decisions and market analysis related to healthcare access, costs, and demand.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and healthcare industry analysts use this trend to monitor consumer healthcare demand and spending in Iowa, which can inform policy decisions related to healthcare access, costs, and industry regulation.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, as it relies on consumer spending surveys conducted by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Health Care for Iowa (IAPCEHLTHCARE), retrieved from FRED.