Gross Domestic Product: Ambulatory Health Care Services (621) in the Southeast BEA Region
SESTAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242,745.30
Year-over-Year Change
85.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) of the Ambulatory Health Care Services (NAICS 621) industry in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the economic activity and performance of the outpatient healthcare sector in this geographic area.
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 Ambulatory Health Care Services GDP series captures the value-added output of establishments that provide outpatient healthcare services, such as physician offices, medical and diagnostic laboratories, and home healthcare services. This metric is useful for analyzing regional economic trends and the healthcare industry's contribution to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This economic indicator is relevant for policymakers, healthcare industry analysts, and economists studying regional economic performance.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Ambulatory Health Care Services accounted for approximately 4.3% of the Southeast region's total GDP in 2020.
- This industry has shown steady growth in the Southeast, with an average annual increase of 3.7% from 2010 to 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the Ambulatory Health Care Services (NAICS 621) industry in the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic activity and performance of the outpatient healthcare sector in the Southeast region, which is useful for analyzing regional economic trends and the healthcare industry's contribution to overall growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for policymakers, healthcare industry analysts, and economists studying regional economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Economic Analysis' regional GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in the Southeast BEA Region (SESTAMBHCNGSP), retrieved from FRED.