Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in the District of Columbia
DCAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.18
Year-over-Year Change
79.96%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in the District of Columbia measures the real, inflation-adjusted output of the ambulatory health care services industry in Washington, D.C. This indicator is important for understanding economic trends and growth in the District's 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
This index tracks the real, volume-based output of the ambulatory health care services industry, which includes physician offices, outpatient care centers, and other providers of outpatient services. It is a key indicator of the healthcare industry's economic performance and productivity in the District of Columbia.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and economists use this metric to assess the health and growth dynamics of the District's healthcare industry.
Key Facts
- The ambulatory health care services industry accounts for around 4% of D.C.'s total GDP.
- This index has grown by an average of 2.5% annually over the past 10 years.
- Ambulatory care services are an important driver of economic activity and employment in the District.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in the District of Columbia measures the real, inflation-adjusted output of the ambulatory health care services industry in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding economic trends and growth in the District's healthcare sector, which is a key driver of activity and employment in the local 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-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and growth dynamics of the District's healthcare industry, which is crucial for informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in the District of Columbia (DCAMBHCQGSP), retrieved from FRED.