Total Construction Spending: Health Care in the United States
Millions of Dollars, Not Seasonally Adjusted
TLHLTHCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,886.00
Year-over-Year Change
0.94%
Date Range
1/1/2002 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures total health care consumption expenditures in the United States. This metric is a key indicator of economic activity and consumer demand within 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 series tracks total health care spending, including both public and private expenditures on goods and services such as hospital care, physician services, prescription drugs, and long-term care. It provides insights into broader healthcare and consumer trends that are vital for policymakers and market analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through a variety of surveys and administrative sources.
Historical Context
Analysts monitor this trend to assess the health of the U.S. healthcare industry and its impact on the broader economy.
Key Facts
- Health care spending accounts for nearly 20% of the U.S. GDP.
- Expenditures have grown over 5% annually on average since 2000.
- Long-term care services make up the largest component of health care spending.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' trend measures total health care consumption expenditures in the United States, including both public and private spending on a variety of healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health of the U.S. healthcare industry and its broader economic impact, making it an important indicator for policymakers, economists, and market analysts.
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 surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the state of the healthcare sector and its influence on the overall economy, which informs decision-making and policy discussions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Total Private Construction Spending: Residential in the United States
PRRESCONS
Total Private Construction Spending: Office in the United States
PROFCONS
Total Public Construction Spending: Commercial in the United States
PBCOMCONS
Total Private Construction Spending: Total Construction in the United States
TLPRVCONS
Total Construction Spending: Amusement and Recreation in the United States
TLAMUSCONS
Total Construction Spending: Office in the United States
TLOFCONS
Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (TLHLTHCON), retrieved from FRED.