Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Minnesota
MNEDHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.81
Year-over-Year Change
35.25%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the educational services, health care, and social assistance sectors in Minnesota. It provides valuable insights into the performance and growth of these critical industries within the state's 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
The chain-type quantity index is a measure of real GDP that adjusts for price changes, allowing for a more accurate representation of economic activity. This trend is particularly relevant for policymakers, economists, and industry analysts seeking to understand the dynamics and contributions of the education, healthcare, and social assistance sectors in Minnesota.
Methodology
The data for this trend is collected and calculated by the U.S. Federal Reserve.
Historical Context
This economic indicator is widely used in policy decisions and market analysis to assess the state's economic conditions and growth potential.
Key Facts
- This trend measures real GDP across three key sectors in Minnesota.
- The chain-type index adjusts for price changes to provide a more accurate representation of economic activity.
- These industries are critical contributors to Minnesota's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the educational services, health care, and social assistance sectors in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of these critical industries within Minnesota's economy, which is essential information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used in policy decisions and market analysis to assess the state's economic conditions and growth potential.
Q: Are there update delays or limitations?
A: The data for this trend is subject to the same update delays and limitations as other economic indicators published by the U.S. Federal Reserve.
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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 Minnesota (MNEDHLTHSOCASSQGSP), retrieved from FRED.