Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the District of Columbia
DCHLTHSOCASSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.15
Year-over-Year Change
8.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the District of Columbia measures the volume of economic output in the health care and social assistance sector within the region.
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 provides a comprehensive gauge of the real production levels for health services and social assistance activities in the District of Columbia. It is a critical indicator for evaluating regional economic trends and the performance of a key service-providing industry.
Methodology
The data is collected through surveys and administrative records by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists utilize this index to assess the health of the District's economy and inform decisions around healthcare, social services, and regional development.
Key Facts
- The index uses 2012 as the base year.
- The health care and social assistance sector accounts for over 25% of the District's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output volume of the health care and social assistance sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides critical insights into the performance and contribution of a key service industry within the District's economy, informing policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health of the District's economy and inform decisions around healthcare, social services, and regional development.
Q: Are there update delays or limitations?
A: The index is updated quarterly with a typical 2-month release lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the District of Columbia (DCHLTHSOCASSQQGSP), retrieved from FRED.