Personal Consumption Expenditures: Services: Health Care for Oregon
ORPCEHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,757.70
Year-over-Year Change
83.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Health Care for Oregon measures consumer spending on healthcare services in the state. This metric is important for policymakers and economists to track regional healthcare utilization and costs.
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 series represents the total dollar amount spent by Oregon residents on healthcare services, including hospital care, physician services, nursing home care, and other medical services. It is a key indicator of healthcare demand and access within the state.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
Policymakers and healthcare analysts use this metric to understand regional healthcare utilization patterns and the economic impacts of healthcare services.
Key Facts
- Oregon's healthcare spending represents 5.2% of total personal consumption in the state.
- Spending on healthcare services in Oregon has grown 3.8% annually over the past decade.
- Per capita healthcare spending in Oregon is 8% above the national average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total consumer spending on healthcare services within the state of Oregon, including hospital care, physician services, and other medical expenses.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for policymakers, healthcare providers, and economists to understand regional healthcare utilization patterns, costs, and economic impacts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of consumer spending and personal income.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor healthcare access, costs, and the economic role of the healthcare sector within the state of Oregon.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a 3-month lag. There may be revisions to previously published figures as new information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Health Care for Oregon (ORPCEHLTHCARE), retrieved from FRED.