Bachelor's Degree or Higher (5-year estimate) in Anne Arundel County, MD
HC01ESTVC1724003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.20
Year-over-Year Change
24.52%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the percentage of the population aged 25 and older in Anne Arundel County, Maryland who have attained a bachelor's degree or higher. It is an important indicator of the educational attainment and human capital in the county.
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 bachelor's degree or higher attainment rate is a key metric used by economists and policymakers to assess a region's workforce skills, income potential, and economic competitiveness. It helps inform decisions around education, workforce development, and economic development strategies.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey (ACS) and represents a 5-year rolling average estimate.
Historical Context
Trends in bachelor's degree attainment are closely watched by local governments, businesses, and economic development organizations to understand the talent pool and quality of life in a given area.
Key Facts
- In 2020, 42.2% of adults in Anne Arundel County had a bachelor's degree or higher.
- The county's bachelor's degree attainment rate exceeds the national average of 32.9%.
- Anne Arundel County has seen a steady increase in educational attainment over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 25 and older in Anne Arundel County, Maryland who have attained a bachelor's degree or higher level of education.
Q: Why is this trend relevant for users or analysts?
A: The bachelor's degree attainment rate is an important indicator of a region's workforce skills, income potential, and economic competitiveness, making it relevant for economic development, education, and policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey (ACS) and represents a 5-year rolling average estimate.
Q: How is this trend used in economic policy?
A: Trends in bachelor's degree attainment are closely watched by local governments, businesses, and economic development organizations to understand the talent pool and quality of life in a given area, informing decisions around education, workforce development, and economic development strategies.
Q: Are there update delays or limitations?
A: The data represents a 5-year rolling average estimate, which may have a delay of up to 5 years in reflecting the most recent changes in the population's educational attainment.
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Citation
U.S. Federal Reserve, Bachelor's Degree or Higher (5-year estimate) in Anne Arundel County, MD (HC01ESTVC1724003), retrieved from FRED.