Real Gross Domestic Product: Ambulatory Health Care Services (621) in the Southeast BEA Region
SESTAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223,761.80
Year-over-Year Change
65.46%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry (NAICS 621) in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the economic output and productivity of this key healthcare 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
The real GDP for ambulatory health care services represents the inflation-adjusted value of goods and services produced by this industry in the Southeast region. It is a key indicator of economic activity and growth in the healthcare sector, which is a major component of the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP accounts.
Historical Context
Policymakers and economists analyze this trend to understand the performance and contributions of the healthcare industry to the Southeast regional economy.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Ambulatory health care services account for about 4% of total GDP in the Southeast region.
- This industry has experienced steady growth over the past decade, outpacing overall regional economic expansion.
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 (NAICS 621) in the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of the healthcare sector, which is a major component of the Southeast regional economy. It is useful for policymakers, economists, and industry analysts to understand growth and trends in this key industry.
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 accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the contributions of the healthcare industry to the Southeast regional economy and to inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is part of the BEA's regional GDP accounts. Users should check the latest release date and be aware of any potential revisions to the historical data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in the Southeast BEA Region (SESTAMBHCRGSP), retrieved from FRED.