Gross Domestic Product: Ambulatory Health Care Services (621) in North Carolina
NCAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,184.80
Year-over-Year Change
83.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for Ambulatory Health Care Services (NAICS 621) in North Carolina measures the total economic output of this industry within the state. It is a key indicator of the health and performance of North Carolina's 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
This GDP trend represents the total value of goods and services produced by ambulatory healthcare providers in North Carolina, including offices of physicians, dentists, and other health practitioners, as well as outpatient care centers. It is used by economists and policymakers to analyze the state's healthcare industry and its contribution to the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Trends in North Carolina's ambulatory healthcare GDP can inform policy decisions and investment strategies related to the state's healthcare infrastructure and service delivery.
Key Facts
- North Carolina's ambulatory healthcare GDP was $20.4 billion in 2021.
- This industry accounted for 2.4% of the state's total GDP in 2021.
- Ambulatory healthcare GDP in North Carolina has grown by 39% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or Gross Domestic Product (GDP) of the ambulatory healthcare services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and importance of North Carolina's healthcare sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in North Carolina's ambulatory healthcare GDP can inform policy decisions and investment strategies related to the state's healthcare infrastructure and service delivery.
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.
Related Trends
Average Hourly Earnings of All Employees: Goods Producing in North Carolina
SMU37000000600000003
Business Applications: Total for All NAICS in North Carolina
BABATOTALSANC
Gross Domestic Product: Military in North Carolina
NCGOVFEDMILNGSP
Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in North Carolina
NCRENTQGSP
90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for North Carolina
PECIUB5T17NC37000A647NCEN
Gross Domestic Product: Real Estate (531) in North Carolina
NCREALNGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in North Carolina (NCAMBHCNGSP), retrieved from FRED.