Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Mississippi
MSAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.17
Year-over-Year Change
36.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Mississippi measures the real output of the ambulatory health care services industry in the state. It is an important indicator for understanding economic trends and growth in the 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 Chain-Type Quantity Index tracks changes in the real (inflation-adjusted) output of the ambulatory health care services industry in Mississippi. This data provides insight into the overall health and productivity of the state's healthcare sector, which is a key component of the broader economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in the composition of goods and services over time.
Historical Context
Policymakers and economists closely monitor this trend to assess the performance and contribution of the healthcare industry to Mississippi's economic activity.
Key Facts
- The index is part of the broader measure of Real Gross Domestic Product (GDP) for Mississippi.
- Ambulatory health care services include physician offices, outpatient care centers, and home health services.
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Mississippi measures the real output of the ambulatory health care services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of the healthcare industry to Mississippi's overall economic activity, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in the composition of goods and services over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health and productivity of Mississippi's healthcare sector, which is an important component of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Mississippi (MSAMBHCQGSP), retrieved from FRED.