Real Gross Domestic Product: Ambulatory Health Care Services (621) in the District of Columbia
DCAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,804.00
Year-over-Year Change
79.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in the District of Columbia. It provides insights into the growth and performance of this key sector of the local economy.
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 District of Columbia. It is an important indicator of economic activity and can help policymakers and analysts assess the health and competitiveness of the local healthcare sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding regional economic conditions and guiding policy decisions related to the healthcare industry.
Key Facts
- The ambulatory health care services industry accounts for a significant portion of the District of Columbia's economy.
- Real GDP growth in this sector can indicate changes in healthcare demand and access.
- Policymakers use this trend to monitor the competitiveness and productivity of the local healthcare industry.
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 in the District of Columbia. It provides insights into the growth and performance of this key sector of the local economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding regional economic conditions and guiding policy decisions related to the healthcare industry in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor the competitiveness and productivity of the local healthcare industry, which is a critical sector of the District of Columbia's economy.
Q: Are there update delays or limitations?
A: There may be update delays or limitations typical of economic data, but the U.S. Bureau of Economic Analysis provides transparent information on data collection and release schedules.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in the District of Columbia (DCAMBHCRGSP), retrieved from FRED.