Real Gross Domestic Product: Ambulatory Health Care Services (621) in Pennsylvania
PAAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,770.70
Year-over-Year Change
52.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Pennsylvania. It provides insights into the performance and growth of this crucial 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: Ambulatory Health Care Services (621) in Pennsylvania metric tracks the inflation-adjusted economic output of ambulatory health care services, such as physician offices, outpatient care centers, and home health care services, within the state. This data point is valuable for analyzing the healthcare industry's contribution to Pennsylvania's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and statistical models.
Historical Context
This trend is widely used by policymakers, industry analysts, and healthcare stakeholders to assess the economic health and growth potential of Pennsylvania's ambulatory health care services sector.
Key Facts
- Pennsylvania's ambulatory health care services sector accounts for a significant portion of the state's overall economic output.
- The real GDP of this industry has shown steady growth over the past decade, indicating the sector's resilience and importance.
- Monitoring this trend can help policymakers and industry leaders make informed decisions about healthcare infrastructure and resource allocation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in the state of Pennsylvania, providing insights into the economic performance and growth of this crucial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, industry analysts, and healthcare stakeholders, as it allows them to assess the economic health and growth potential of Pennsylvania's ambulatory health care services sector, which is a significant contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and statistical models.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, industry analysts, and healthcare stakeholders to inform decisions about healthcare infrastructure, resource allocation, and economic development strategies in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis, which may result in occasional delays or revisions to the reported figures.
Related Trends
Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Pennsylvania
PATRUCKTRANQGSP
All Employees: Retail Trade: Department Stores in Pennsylvania
SMU42000004245510001
Average Hourly Earnings of All Employees: Leisure and Hospitality in Pennsylvania
SMU42000007000000003
Number of Identified Exporters to Guyana from Pennsylvania
PAGUYA475SCEN
Gross Domestic Product: Wholesale Trade (42) in Pennsylvania
PAWHOLENGSP
All Employees: Financial Activities in Pennsylvania
PAFIRE
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Pennsylvania (PAAMBHCRGSP), retrieved from FRED.