Per Capita Personal Consumption Expenditures: Services: Health Care for Indiana
INPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,342.00
Year-over-Year Change
78.71%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Indiana' series tracks inflation-adjusted per capita spending on health care services in Indiana. This metric provides insight into consumer spending patterns and the state's health care 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 measures the inflation-adjusted per capita spending on health care services by Indiana residents. It offers economists and policymakers a window into consumer behavior and the dynamics of the state's health care industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditures and population estimates.
Historical Context
This trend is closely watched by analysts and policymakers to understand consumer demand and cost pressures in Indiana's health care system.
Key Facts
- Indiana's per capita health care spending averaged $8,300 in 2021.
- Health care services account for over 16% of total personal consumption in Indiana.
- Per capita health care spending in Indiana has grown by 4.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This series tracks inflation-adjusted per capita spending on health care services by Indiana residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and the dynamics of Indiana's health care industry, which is crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditures and population estimates.
Q: How is this trend used in economic policy?
A: This trend is closely watched by analysts and policymakers to understand consumer demand and cost pressures in Indiana's health care system.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Indiana (INPCEPCHLTHCARE), retrieved from FRED.