Total Public Construction Spending: Health Care in the United States
Millions of Dollars, Not Seasonally Adjusted
PBHLTHCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,381.00
Year-over-Year Change
14.80%
Date Range
1/1/2002 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures total personal consumption expenditures on health care in the United States. This data is a key indicator of consumer spending and economic activity in the health care sector.
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 economic indicator represents the value of personal health care expenditures by U.S. consumers, including spending on hospital care, physician and clinical services, prescription drugs, and other medical products and services. It is a widely-used metric for analyzing consumer demand and the overall health of the health care industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other statistical sources.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge consumer confidence and make informed decisions about the health care sector.
Key Facts
- Reached a record high of $2.4 trillion in 2019.
- Declined in 2020 due to the COVID-19 pandemic.
- Has grown significantly over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of personal consumption expenditures on health care goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: It is a key indicator of consumer demand and economic activity in the health care sector, which is a major component of the overall 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 based on surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge consumer confidence and make informed decisions about the health care industry and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PBHLTHCON), retrieved from FRED.