Real Gross Domestic Product: Ambulatory Health Care Services (621) in North Carolina
NCAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,058.90
Year-over-Year Change
63.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the ambulatory health care services industry in North Carolina. It provides insights into the productivity 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 (GDP) for Ambulatory Health Care Services (NAICS 621) in North Carolina tracks the inflation-adjusted output of this industry within the state. It serves as an important indicator of economic performance and structural changes in North Carolina's healthcare system.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP statistics.
Historical Context
This trend informs policymakers and industry analysts about the competitive position and growth dynamics of North Carolina's ambulatory healthcare sector.
Key Facts
- North Carolina's ambulatory healthcare GDP grew by 4.2% in 2021.
- The industry accounts for over 5% of the state's total economic output.
- Ambulatory healthcare is one of the fastest-growing sectors in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the ambulatory healthcare services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity, growth, and competitiveness of North Carolina's ambulatory 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 statistics.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and industry analysts about the performance and growth dynamics of North Carolina's ambulatory healthcare sector, which can inform decisions around healthcare policy, infrastructure investment, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis and may have a delay of several quarters before the most recent figures are available.
Related Trends
Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in North Carolina
NCOTHTRANQGSP
Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in North Carolina
NCSAMINQGSP
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in North Carolina
SMU37000004142400001A
Coefficient for Commercial Carbon Dioxide Emissions, Industrial Coking for North Carolina
EMISSCO2CCLCCBNCA
Gross Domestic Product: Water Transportation (483) in North Carolina
NCWATTRANNGSP
State Government Tax Collections, Property Taxes in North Carolina
NCPROPTAX
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in North Carolina (NCAMBHCRGSP), retrieved from FRED.