Real Gross Domestic Product: Health Care and Social Assistance (62) in Indiana
INHLTHSOCASSRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,449.00
Year-over-Year Change
42.82%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures real gross domestic product (GDP) for the health care and social assistance sector in Indiana. It provides insights into the economic performance and growth of this critical industry 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: Health Care and Social Assistance (62) in Indiana trend tracks the inflation-adjusted economic output of the health care and social assistance sector in the state. This metric is valuable for understanding the role of the health care industry in Indiana's overall economic activity and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, economists, and industry analysts to assess the health and trajectory of Indiana's health care economy.
Key Facts
- The health care and social assistance sector accounts for over 15% of Indiana's GDP.
- This trend has exhibited steady growth of around 3% annually over the past decade.
- Indiana's health care industry is a major employer, providing jobs for over 400,000 residents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the health care and social assistance sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and growth of Indiana's critical health care industry, which is a significant driver of the state's overall economic activity.
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 trend is widely used by policymakers, economists, and industry analysts to assess the health and trajectory of Indiana's health care economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis by the U.S. Bureau of Economic Analysis, with some minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Health Care and Social Assistance (62) in Indiana (INHLTHSOCASSRGSP), retrieved from FRED.