Total Public Construction Spending: Health Care in the United States
This dataset tracks total public construction spending: health care in the united states over time.
Latest Value
16044.00
Year-over-Year Change
12.72%
Date Range
1/1/2002 - 6/1/2025
Summary
Total Public Construction Spending: Health Care measures government expenditures on healthcare infrastructure projects in the United States. This metric is a key indicator of public investment in the 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 series represents the total dollar value of construction put in place for publicly-owned healthcare facilities, including hospitals, clinics, and other medical buildings. It is a useful gauge of government priorities and funding allocations for public health initiatives.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction activity.
Historical Context
Policymakers and economists analyze this metric to assess the government's role in healthcare infrastructure development.
Key Facts
- Public healthcare construction spending reached a high of $57.4 billion in 2010.
- Spending declined for several years before rebounding in the late 2010s.
- The COVID-19 pandemic led to a spike in public healthcare construction in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures government expenditures on the construction of public healthcare facilities, including hospitals, clinics, and other medical buildings.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the government's priorities and funding allocations for public health infrastructure, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates this data through surveys of construction activity.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the government's role in supporting the healthcare sector through infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published monthly by the Census Bureau, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Total Public Construction Spending: Health Care in the United States (PBHLTHCONS), retrieved from FRED.