Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Oregon
OREDHLTHSOCASSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,037.30
Year-over-Year Change
94.62%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the educational services, health care, and social assistance sectors in Oregon. It provides valuable insights into the economic performance and significance of these key industries 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: Educational Services, Health Care, and Social Assistance (61, 62) in Oregon trend represents the total economic output generated by these sectors, which are vital components of the state's economy. This data is used by policymakers, analysts, and businesses to understand the relative importance and growth dynamics of these industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend is closely monitored by economists and policymakers to assess the overall health and competitiveness of Oregon's economy.
Key Facts
- The educational services, health care, and social assistance sectors account for over 20% of Oregon's GDP.
- This trend has shown steady growth in recent years, reflecting the expanding importance of these industries in the state's economy.
- Oregon's performance in these sectors is closely watched by national policymakers and economic analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the educational services, health care, and social assistance sectors in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic significance and performance of key industries that are vital to Oregon's economy, making it important for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the overall health and competitiveness of Oregon's economy, informing policy decisions and investments in these critical sectors.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with occasional update delays due to the complex nature of national economic accounting.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Oregon (OREDHLTHSOCASSNGSP), retrieved from FRED.