Nominal Total Credit to General Government, Adjusted for Breaks, for Hong Kong SAR
Percentage of GDP
QHKGAN770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.60
Year-over-Year Change
1.13%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Percentage of GDP' trend measures the contribution of government healthcare spending as a percentage of gross domestic product (GDP) in the United States.
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 indicator provides insight into the relative size and importance of government-funded healthcare expenditures within the broader U.S. economy. It is a key metric used by economists and policymakers to analyze healthcare policy and its budgetary implications.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
Policymakers and analysts use this trend to understand the public sector's role in healthcare financing and to inform debates around healthcare reform.
Key Facts
- Government healthcare spending was 17.7% of GDP in 2021.
- The percentage has risen from 13.3% in 2000.
- Healthcare is the largest category of federal non-defense discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The 'Percentage of GDP' trend measures the share of total U.S. economic output (GDP) that is accounted for by government healthcare expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the public sector's role in healthcare financing and informing policy debates around healthcare reform and budgetary priorities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to analyze the budgetary implications of healthcare spending and inform debates around healthcare reform and public sector priorities.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Percentage of GDP (QHKGAN770A), retrieved from FRED.