Real Gross Domestic Product: Health Care and Social Assistance (62) in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LAHLTHSOCASSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,288.30
Year-over-Year Change
10.04%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (LAHLTHSOCASSRQGSP) tracks the annual change in real government social benefits to persons on a quarterly basis, providing insight into the public sector's role in the economy.
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 economic indicator measures the real (inflation-adjusted) annualized growth rate of government social benefits paid to individuals on a quarterly basis. It is a key metric for understanding the government's fiscal policies and their impact on household incomes and economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the government's social spending and its effects on the broader economy.
Key Facts
- Tracks annualized growth in real government social benefits to persons.
- Provides insight into the government's fiscal policy and impact on the economy.
- Data collected and calculated by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annualized growth rate of real government social benefits paid to individuals on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the government's fiscal policies and their effects on household incomes and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge the government's social spending and its impact on the broader economy.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations inherent to the data collection and calculation process, but the Federal Reserve makes the most current information available through FRED.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LAHLTHSOCASSRQGSP), retrieved from FRED.