Real Gross Domestic Product: Ambulatory Health Care Services (621) in Hawaii
HIAMBHCRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,272.80
Year-over-Year Change
75.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the ambulatory health care services industry in Hawaii. It provides insight into the economic performance and growth of this important healthcare sector within 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
The Real Gross Domestic Product: Ambulatory Health Care Services (621) in Hawaii metric tracks the inflation-adjusted output of outpatient medical facilities, such as physician offices, medical and diagnostic laboratories, and other ambulatory care providers in the state. This data helps economists and policymakers understand the health and dynamics of Hawaii's healthcare industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is valuable for assessing the state of Hawaii's healthcare market and informing related policy decisions.
Key Facts
- Ambulatory health care services account for about 3% of Hawaii's total GDP.
- This industry has experienced steady growth in recent years, reflecting Hawaii's aging population.
- The data is published quarterly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the ambulatory health care services industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic performance and growth of an important healthcare sector within Hawaii's economy, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This indicator can inform healthcare and economic policy decisions in Hawaii by providing a measure of the state's ambulatory care industry, which is an important part of the overall healthcare system.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag, so there is a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Ambulatory Health Care Services (621) in Hawaii (HIAMBHCRGSP), retrieved from FRED.