Real Gross Domestic Product: Health Care and Social Assistance (62) in Mississippi
Quarterly, Seasonally Adjusted Annual Rate
MSHLTHSOCASSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,174.90
Year-over-Year Change
9.97%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted annual rate of health and social assistance services gross output. It provides insight into the performance and growth of this key sector of the U.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 quarterly, seasonally adjusted annual rate of health and social assistance services gross output tracks the total dollar value of goods and services produced by this industry over a one-year period. It is a key indicator of economic activity and productivity in the health care and social assistance sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and economic contribution of the health care system.
Key Facts
- Health and social assistance is the largest industry sector in the U.S. economy.
- The sector accounts for over 16% of total U.S. gross domestic product.
- It employs over 23 million workers, the most of any industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted annual rate of gross output for the health care and social assistance industry sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance and productivity of a crucial industry that makes up a significant portion of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess the health and economic contribution of the health care system.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a short lag period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MSHLTHSOCASSRQGSP), retrieved from FRED.