Gross Domestic Product: Health Care and Social Assistance (62) in Nebraska
Quarterly, Seasonally Adjusted Annual Rate
NEHLTHSOCASSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,201.70
Year-over-Year Change
25.42%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (NEHLTHSOCASSNQGSP) measures the annualized change in government spending on health and social assistance programs. This metric is crucial for policymakers to evaluate the fiscal position and social welfare priorities.
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 Quarterly, Seasonally Adjusted Annual Rate represents the seasonally adjusted annual rate of government spending on health and social assistance programs in the United States. Analysts use this data to assess the government's role in providing public services and the overall direction of fiscal policy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This economic trend is closely monitored by policymakers, economists, and market participants to gauge the government's priorities and fiscal stance.
Key Facts
- The metric is reported on a quarterly basis.
- It captures both health and social assistance program expenditures.
- The data is seasonally adjusted to account for recurring fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (NEHLTHSOCASSNQGSP) tracks the annualized change in government spending on health and social assistance programs in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers, economists, and market participants to evaluate the government's fiscal position, social welfare priorities, and the overall direction of fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants closely monitor this economic trend to gauge the government's priorities and fiscal stance.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and the most recent release may be subject to revision by the data provider.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NEHLTHSOCASSNQGSP), retrieved from FRED.