Gross Domestic Product: Health Care and Social Assistance (62) in Missouri
MOHLTHSOCASSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,839.80
Year-over-Year Change
29.52%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the Gross Domestic Product (GDP) for the health care and social assistance sector in the state of Missouri. It provides insights into the economic activity and growth of this crucial 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 health care and social assistance sector encompasses a wide range of services, including hospitals, nursing homes, outpatient care, and social assistance programs. Tracking the GDP for this sector allows economists and policymakers to analyze the economic contribution and performance of this industry at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and local areas.
Historical Context
This trend is important for understanding the economic health and competitiveness of Missouri's health care industry, which is a significant employer and contributor to the state's overall economic output.
Key Facts
- Missouri's health care and social assistance sector accounts for over 10% of the state's total GDP.
- This industry has experienced steady growth in recent years, outpacing the overall state economy.
- The health care and social assistance sector is the second-largest employer in Missouri, behind only manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the health care and social assistance sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP for Missouri's health care and social assistance sector provides insights into the economic performance and growth of this crucial industry within the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and local areas.
Q: How is this trend used in economic policy?
A: This trend is important for understanding the economic health and competitiveness of Missouri's health care industry, which is a significant employer and contributor to the state's overall economic output.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and updates by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Health Care and Social Assistance (62) in Missouri (MOHLTHSOCASSNQGSP), retrieved from FRED.