Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Montana
MTAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.02
Year-over-Year Change
76.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Montana measures the volume of economic output from the ambulatory healthcare industry in the state. This metric is important for understanding the health of the healthcare sector and its contribution to the broader Montana 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 index tracks the real, inflation-adjusted quantity of goods and services produced by the ambulatory healthcare industry in Montana over time. It is a useful indicator of economic activity and productivity within this key industry, which plays a significant role in Montana's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real GDP by industry.
Historical Context
Policymakers and industry analysts monitor this metric to assess the health and growth of Montana's healthcare sector and its impact on the state's economic conditions.
Key Facts
- Montana's ambulatory healthcare sector accounts for over 6% of the state's real GDP.
- This index has grown by an average of 3.2% annually over the past 10 years.
- The COVID-19 pandemic caused a 7.5% decline in the index in 2020 before a rebound in 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Montana measures the real, inflation-adjusted output of the ambulatory healthcare industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and growth of Montana's healthcare sector and its contribution to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this index to assess the healthcare sector's impact on Montana's economic conditions and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Montana (MTAMBHCQGSP), retrieved from FRED.