Per Capita Personal Consumption Expenditures: Services: Health Care for Louisiana
LAPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,576.00
Year-over-Year Change
81.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Louisiana' trend measures average household spending on healthcare services in Louisiana. It provides insights into consumer demand and is a key economic indicator for policymakers and analysts.
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 metric represents the average amount spent per person in Louisiana on healthcare services, including inpatient care, outpatient care, and other medical products and services. It is a valuable indicator of consumer behavior and the state's healthcare economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to assess consumer demand, track healthcare inflation, and inform policymaking around healthcare and social programs.
Key Facts
- Louisiana's per capita healthcare spending is below the national average.
- Healthcare services account for a significant portion of household budgets in Louisiana.
- Trends in this metric can indicate changes in demand for medical services and products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Louisiana on healthcare services, including inpatient care, outpatient care, and other medical products and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand for healthcare services and is a key indicator for policymakers and analysts to assess the state's healthcare economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used to assess consumer demand, track healthcare inflation, and inform policymaking around healthcare and social programs.
Q: Are there update delays or limitations?
A: The data is published periodically by the U.S. Bureau of Economic Analysis and may have some delays in reporting.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Louisiana (LAPCEPCHLTHCARE), retrieved from FRED.