Real Gross Domestic Product: Ambulatory Health Care Services (621) in Missouri
MOAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,250.60
Year-over-Year Change
45.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Missouri. It provides insight into the performance and growth of this key sector of the state's 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
The Real Gross Domestic Product: Ambulatory Health Care Services (621) in Missouri tracks the inflation-adjusted economic output of outpatient medical facilities and practices in the state. This data is used by economists and policymakers to assess the health and dynamics of Missouri's healthcare industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is important for understanding the role of the healthcare sector in Missouri's economy and how it responds to broader economic conditions.
Key Facts
- Missouri's ambulatory healthcare GDP totaled $15.8 billion in 2021.
- This industry accounts for over 5% of the state's total economic output.
- Real GDP in this sector grew by 3.2% in 2021 after a 0.6% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Missouri, which includes outpatient medical facilities and practices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of Missouri's healthcare sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and dynamics of Missouri's healthcare industry and how it responds to broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of each quarter or year.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Missouri (MOAMBHCRGSP), retrieved from FRED.