Gross Domestic Product: Ambulatory Health Care Services (621) in Mississippi
MSAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,306.70
Year-over-Year Change
53.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the ambulatory health care services industry in Mississippi. It provides insights into the economic activity and growth of this important healthcare sector 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 Gross Domestic Product: Ambulatory Health Care Services (621) in Mississippi series tracks the economic output and value-added activity of ambulatory healthcare providers, such as physicians' offices, outpatient care centers, and home healthcare services, located in the state of Mississippi.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by industry accounts.
Historical Context
This economic indicator is relevant for policymakers, healthcare industry analysts, and economists studying regional economic trends and the role of the healthcare sector.
Key Facts
- Mississippi's ambulatory healthcare GDP was $4.9 billion in 2020.
- This industry accounted for 3.7% of the state's total GDP in 2020.
- The ambulatory healthcare GDP in Mississippi grew by 4.3% annually from 2015 to 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) generated by the ambulatory healthcare services industry in the state of Mississippi, including physician offices, outpatient clinics, and home health providers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the economic activity and growth of a key healthcare sector within the Mississippi economy, which is valuable information for policymakers, industry analysts, and economists studying regional economic trends.
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 its comprehensive GDP by industry accounts.
Q: How is this trend used in economic policy?
A: This indicator can inform healthcare and economic development policies at the state level, as well as provide context for analysts examining the role of the healthcare sector in Mississippi's overall economic performance.
Q: Are there update delays or limitations?
A: This data is published annually by the U.S. Bureau of Economic Analysis, with typical update delays of 6-12 months following the end of the reference year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Mississippi (MSAMBHCNGSP), retrieved from FRED.