Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arizona
AZAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.03
Year-over-Year Change
75.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arizona measures the inflation-adjusted output of the ambulatory healthcare sector in the state. This indicator is important for economists and policymakers to understand trends in healthcare service delivery and productivity.
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 index tracks changes in the real, or inflation-adjusted, volume of ambulatory healthcare services produced in Arizona. It serves as a proxy for the underlying activity and output in this industry, which is a key component of the state's broader economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This metric is widely used by analysts to monitor the healthcare industry's contribution to Arizona's economic growth.
Key Facts
- This index uses 2012 as the base year.
- Arizona's ambulatory healthcare sector accounts for over 4% of the state's total GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or production of ambulatory healthcare services in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and contribution of the healthcare industry to Arizona's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the healthcare sector's role in Arizona's economy and to inform policy decisions related to healthcare infrastructure, workforce, and service delivery.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Arizona (AZAMBHCQGSP), retrieved from FRED.