Gross Domestic Product: Ambulatory Health Care Services (621) in Massachusetts
MAAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,219.10
Year-over-Year Change
64.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the ambulatory health care services industry in Massachusetts. It provides insights into the economic performance and contribution of this key 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
The Gross Domestic Product: Ambulatory Health Care Services (621) in Massachusetts trend represents the total economic output of businesses providing outpatient medical care, such as physician offices, outpatient care centers, and home healthcare services. This data is used by economists and policymakers to analyze the healthcare industry's role in the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is relevant for understanding the healthcare industry's impact on the Massachusetts economy and informing policies that affect the delivery and financing of ambulatory care services.
Key Facts
- Massachusetts' ambulatory healthcare GDP was $36.9 billion in 2021.
- This sector accounts for over 5% of the state's total economic output.
- Outpatient care is a rapidly growing part of the healthcare industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the ambulatory healthcare services industry in Massachusetts, including physician offices, outpatient care centers, and home healthcare providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and contribution of the ambulatory healthcare sector, which is a critical part of the state's overall economy and healthcare system.
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 indicator is relevant for understanding the healthcare industry's impact on the Massachusetts economy and informing policies that affect the delivery and financing of ambulatory care services.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as more complete information becomes available.
Related Trends
Unemployed: Job Losers for Massachusetts
JOBLOSMA
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Massachusetts
MARERENTLEANGSP
State Government Tax Collections, Total Income Taxes in Massachusetts
MATLINCTAX
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Massachusetts
MAOTHTRANRGSP
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Massachusetts
MASLGRTAX
Average Weekly Hours of All Employees: Goods Producing in Massachusetts
SMU25000000600000002
Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Massachusetts (MAAMBHCNGSP), retrieved from FRED.