Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Massachusetts
MAAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.74
Year-over-Year Change
46.76%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Massachusetts measures the volume of economic output for this industry in the state. It is an important indicator for understanding healthcare trends and the overall health of the Massachusetts economy.
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 real, inflation-adjusted volume of output for the ambulatory healthcare services industry in Massachusetts. It provides insight into the productivity and growth of this key economic sector, which is a major employer and service provider in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted GDP accounting methods.
Historical Context
Policymakers and analysts use this index to monitor the healthcare industry's contribution to the Massachusetts economy.
Key Facts
- The index is calculated using chain-weighted GDP methods.
- Ambulatory healthcare is a major industry in Massachusetts.
- The index provides insight into healthcare productivity trends.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output for the ambulatory healthcare services industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the productivity and growth of a key sector of the Massachusetts economy, which is essential for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the healthcare industry's contribution to the Massachusetts economy and make informed decisions.
Q: Are there update delays or limitations?
A: The index is subject to the same update schedule and limitations as other economic data released by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Massachusetts (MAAMBHCQGSP), retrieved from FRED.