Personal Consumption Expenditures: Services: Health Care for Delaware
DEPCEHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,444.60
Year-over-Year Change
81.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on health care services in the state of Delaware. It provides insights into consumer spending patterns and the state'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
The Personal Consumption Expenditures: Services: Health Care for Delaware trend represents the total amount of money spent by Delaware residents on healthcare services, including payments to hospitals, physicians, dentists, and other providers. This data is used by economists and policymakers to analyze healthcare consumption and cost trends within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This trend is relevant for understanding the healthcare economy and consumer behavior in Delaware.
Key Facts
- Delaware's healthcare spending accounted for 18.2% of total personal consumption expenditures in 2021.
- Healthcare services make up the largest component of personal consumption expenditures in Delaware.
- Delaware's per capita healthcare spending was $8,522 in 2021, higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of money spent by Delaware residents on healthcare services, including payments to hospitals, physicians, dentists, and other providers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the healthcare sector in Delaware, which is useful for economists, policymakers, and healthcare industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze healthcare consumption and cost trends within Delaware, which can inform policy decisions related to healthcare and consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, and there may be some time lag in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Health Care for Delaware (DEPCEHLTHCARE), retrieved from FRED.