Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Indiana
INEDHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.19
Year-over-Year Change
37.78%
Date Range
1/1/1997 - 1/1/2024
Summary
This index measures the real output of the educational services, health care, and social assistance sectors in Indiana. It provides insight into the economic performance and productivity of these key industries.
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 Chain-Type Quantity Index for Real GDP tracks the inflation-adjusted output of specific economic sectors. This data is used by policymakers and analysts to understand growth trends and structural changes within the Indiana economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to real GDP data.
Historical Context
This indicator is relevant for understanding the role of the education, healthcare, and social assistance sectors in Indiana's overall economic performance.
Key Facts
- The index uses a base year of 2012.
- These sectors account for over 15% of Indiana's total GDP.
- The index has shown steady growth since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the educational services, health care, and social assistance sectors in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and productivity of key service-providing industries in Indiana, which are important drivers of the state's overall economic growth.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to real GDP data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to understand trends and structural changes in Indiana's economy, particularly the role of the education, healthcare, and social assistance sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Indiana (INEDHLTHSOCASSQGSP), retrieved from FRED.