Per Capita Personal Consumption Expenditures: Services: Health Care for Delaware
DEPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,091.00
Year-over-Year Change
59.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Delaware' series measures the average per-person spending on health care services in Delaware. This metric is important for analyzing consumer behavior and healthcare costs in the state.
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 data series represents the total personal consumption expenditures for health care services divided by the total population in Delaware. It provides insight into consumer demand and spending patterns for healthcare in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
This metric is used by policymakers, economists, and healthcare analysts to understand trends in healthcare utilization and costs at the state level.
Key Facts
- Delaware's per capita healthcare spending was $9,425 in 2021.
- Health care services account for over 25% of total personal consumption in Delaware.
- Per capita healthcare spending in Delaware is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average per-person spending on health care services by Delaware residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and spending patterns for healthcare in Delaware, which is useful for policymakers, economists, and healthcare analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to understand trends in healthcare utilization and costs at the state level, which can inform healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Delaware (DEPCEPCHLTHCARE), retrieved from FRED.