Per Capita Personal Consumption Expenditures: Services: Health Care for Oregon
ORPCEPCHLTHCARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,155.00
Year-over-Year Change
68.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Health Care for Oregon' metric tracks consumer spending on healthcare services in Oregon. It's a key indicator of economic and public health conditions in the state.
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 metric measures the average per-person expenditures on healthcare services by Oregon residents. It includes spending on hospital visits, doctor appointments, prescription drugs, and other medical services. The data provides important insights into healthcare affordability and utilization patterns in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative sources.
Historical Context
This metric is closely monitored by policymakers, researchers, and healthcare industry analysts to understand healthcare trends and inform policy decisions.
Key Facts
- Oregon's per capita healthcare spending was $8,570 in 2021.
- Healthcare services account for over 15% of personal consumption in Oregon.
- Per capita healthcare spending in Oregon has grown by 4.2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average per-person spending by Oregon residents on healthcare services, including hospital visits, doctor appointments, and prescription drugs.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into healthcare affordability and utilization patterns in Oregon, which is relevant for policymakers, researchers, and industry analysts.
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 sources.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers to understand healthcare trends and inform policy decisions related to healthcare access, costs, and outcomes in Oregon.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Health Care for Oregon (ORPCEPCHLTHCARE), retrieved from FRED.