Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Maine
MEHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.53
Year-over-Year Change
30.00%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the health care and social assistance sector in Maine. It provides insights into the economic output and growth of this key industry within the state.
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 chain-type quantity index for real GDP in the health care and social assistance sector reflects the inflation-adjusted output of this industry in Maine. It is a useful indicator for analyzing the performance and economic contribution of this sector to the state's overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts studying the economic conditions and growth trends in Maine's health care and social services sector.
Key Facts
- The health care and social assistance sector accounts for over 15% of Maine's GDP.
- This index has grown by 3.2% annually on average over the past 10 years.
- Maine's health care sector is a key driver of economic activity and employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the health care and social assistance sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and growth of a critical industry within Maine's economy, which is useful for policymakers, economists, 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 established national accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for informing economic policy and investment decisions related to the health care and social assistance sector in Maine.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
Related Trends
State Tax Collections: T29 Other License Taxes for Maine
QTAXT29QTAXCAT3MENO
All Employees: Other Services in Maine
SMU23000008000000001A
Number of Identified Exporters to Spain from Maine
MEESPA475SCEN
Number of Identified Exporters to Portugal from Maine
MEPRTA475SCEN
Other Services (Except Public Administration) Wages and Salaries in Maine
MEWOTH
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Maine
SMS23000006056000001
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Maine (MEHLTHSOCASSQGSP), retrieved from FRED.