Personal Consumption Expenditures: Services: Health Care for Missouri
MOPCEHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,085.60
Year-over-Year Change
67.58%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Health Care for Missouri trend measures consumer spending on healthcare services in the state. This data provides insights into the economic impact and demand for healthcare in Missouri.
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 economic indicator tracks consumer expenditures on healthcare services, which include hospital care, physician and clinical services, and other medical services. It is an important measure of healthcare demand and a key component of overall economic activity in Missouri.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to understand the healthcare industry's role in the Missouri economy and to inform policies related to healthcare access and costs.
Key Facts
- Healthcare services account for over 15% of consumer spending in Missouri.
- Consumer healthcare spending in Missouri has grown by over 30% in the past decade.
- The healthcare industry is one of the largest employers in the state of Missouri.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Services: Health Care for Missouri trend measures consumer spending on healthcare services in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demand for healthcare services and the economic impact of the healthcare industry in Missouri, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the healthcare industry's role in the Missouri economy and to inform policies related to healthcare access and costs.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Health Care for Missouri (MOPCEHLTHCARE), retrieved from FRED.