Per Capita Personal Consumption Expenditures: Services: Health Care for Nebraska
NEPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,572.00
Year-over-Year Change
62.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Nebraska' series measures inflation-adjusted consumer spending on healthcare services in Nebraska. This key economic indicator provides insights into residents' demand for and access to healthcare.
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 series represents the average amount spent per person in Nebraska on healthcare services, including hospital care, physician services, and other medical products and services. It is an important measure of a state's healthcare utilization and cost of living.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic statistics.
Historical Context
Policymakers and analysts use this metric to evaluate healthcare trends and the overall economic well-being of Nebraska residents.
Key Facts
- Nebraska's per capita healthcare spending has increased by over 30% in the past decade.
- Residents of Nebraska spend an average of $8,500 per year on healthcare services.
- Healthcare is one of the largest components of personal consumption expenditures in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This series measures the average amount spent per person in Nebraska on healthcare services, including hospital care, physician services, and other medical products and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the healthcare utilization and cost of living for Nebraska residents, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate healthcare trends and the overall economic well-being of Nebraska residents, informing decisions on healthcare policy, cost containment, and resource allocation.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Nebraska (NEPCEPCHLTHCARE), retrieved from FRED.