Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Connecticut
CTHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.37
Year-over-Year Change
22.23%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Connecticut measures the inflation-adjusted output of the health care and social assistance sector in the state. This metric is important for economists and policymakers to understand economic activity and trends in a key industry.
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 the real, inflation-adjusted GDP contribution of the health care and social assistance sector in Connecticut. It provides insight into the production volumes and efficiency of this major service industry, which represents a significant portion of the state's overall economic output.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is used by economists, analysts, and policymakers to assess the health and competitiveness of Connecticut's health care industry.
Key Facts
- The health care and social assistance sector accounts for over 15% of Connecticut's GDP.
- This index uses a chain-weighted methodology to track real, inflation-adjusted economic output.
- The index has a base year of 2012 = 100.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, chain-weighted output of the health care and social assistance sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness of a key industry in the Connecticut economy.
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: This index is used by economists, analysts, and policymakers to assess the health and competitiveness of Connecticut's health care industry.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Bureau of Economic Analysis, with potential delays due to data collection and processing.
Related Trends
Transportation Carbon Dioxide Emissions, Residential for Connecticut
EMISSCO2VCLACBCTA
Homeownership Rate for Connecticut
CTHOWN
All Employees: Financial Activities: Financial Investments and Related Activities Including Financial Vehicles in Connecticut
SMU09000005552300001SA
Professional and Technical Services Earnings in Connecticut
CTEPRO
State Government Tax Collections, Corporations in General Licenses in Connecticut
CTCORPLICTAX
Average Weekly Earnings of All Employees: Manufacturing in Connecticut
SMU09000003000000011
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Connecticut (CTHLTHSOCASSQGSP), retrieved from FRED.