Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Indiana
INAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.69
Year-over-Year Change
64.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Indiana measures the real output of the ambulatory health care services industry in the state. This metric is crucial for analyzing economic trends and performance in the 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
This index tracks the quantity of goods and services produced by ambulatory health care providers in Indiana, adjusted for inflation. It serves as an important indicator of the state's healthcare industry productivity and economic contribution.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP and price index information.
Historical Context
Policymakers and economists use this trend to assess the health and growth of Indiana's healthcare sector and its impact on the broader state economy.
Key Facts
- The index uses 2012 as the base year.
- Indiana's ambulatory healthcare services contributed over $14 billion to the state's GDP in 2021.
- The sector has seen consistent growth, with the index rising by 22% from 2012 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the ambulatory healthcare services industry in the state of Indiana, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing the performance and economic contribution of Indiana's healthcare sector, which is a key 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 using industry-level GDP and price index information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Indiana's healthcare industry and its impact on the broader state economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Indiana (INAMBHCQGSP), retrieved from FRED.