Total Private Construction Spending: Health Care in the United States
Millions of Dollars, Not Seasonally Adjusted
PRHLTHCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,505.00
Year-over-Year Change
-2.66%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' series measures total personal health care expenditures in the United States. This metric is a key indicator of consumer spending and healthcare industry activity.
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 series tracks the total value of personal health care goods and services consumed by individuals, including expenditures on hospitals, physicians, prescriptions, and other medical products. It is a widely referenced indicator for analyzing consumer behavior and healthcare market trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and economists closely monitor this metric to understand the state of consumer demand and the healthcare sector.
Key Facts
- Personal health care spending totaled over $3.8 trillion in 2019.
- Expenditures have grown at an average annual rate of 4.3% since 2010.
- Hospital care accounts for the largest share of personal health care spending.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' series tracks total personal health care expenditures in the United States, including spending on hospitals, physicians, prescriptions, and other medical products and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and healthcare industry activity, providing important insights into the state of the U.S. economy and healthcare sector.
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 administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to understand consumer demand and healthcare market trends, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
Related Trends
Total Public Construction Spending: Highway and Street in the United States
PBHWYCONS
Total Construction Spending: Religious in the United States
TLRELCONS
Total Public Construction Spending: Health Care in the United States
PBHLTHCONS
Total Construction Spending: Manufacturing in the United States
TLMFGCONS
Total Private Construction Spending: Educational in the United States
PREDUCONS
Total Construction Spending: Highway and Street in the United States
TLHWYCONS
Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PRHLTHCON), retrieved from FRED.