Gross Domestic Product: Ambulatory Health Care Services (621) in Delaware
DEAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,603.60
Year-over-Year Change
54.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the ambulatory health care services industry in the state of Delaware. It provides insight into the economic activity and productivity of this important 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
The DEAMBHCNGSP series tracks the GDP generated by ambulatory health care services, which includes doctors' offices, outpatient care centers, and other healthcare providers that do not require overnight hospital stays. This metric is a key indicator of the health and growth of Delaware's medical services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
Policymakers and industry analysts monitor this trend to assess the economic performance and competitiveness of Delaware's healthcare sector.
Key Facts
- Delaware's ambulatory healthcare GDP was $3.2 billion in 2021.
- This sector accounts for over 5% of Delaware's total economic output.
- Ambulatory care GDP has grown by 25% in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) generated by the ambulatory health care services industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and competitiveness of Delaware's healthcare sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the health and growth of Delaware's medical services industry, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Delaware (DEAMBHCNGSP), retrieved from FRED.