Gross Domestic Product: Ambulatory Health Care Services (621) in South Carolina
SCAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,807.90
Year-over-Year Change
107.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Ambulatory Health Care Services (621) in South Carolina measures the economic output of the ambulatory healthcare sector in the state. This metric is important for understanding healthcare industry trends and the broader state economy.
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 inflation-adjusted value added by the ambulatory healthcare services industry (NAICS 621) within the South Carolina gross state product. It provides insight into the economic performance and contribution of the outpatient healthcare sector in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and industry analysts use this metric to gauge the health and economic significance of the ambulatory healthcare sector in South Carolina.
Key Facts
- South Carolina's ambulatory healthcare GDP was $16.1 billion in 2021.
- The sector accounts for over 6% of the state's total economic output.
- GDP in this industry has grown by 23% since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the ambulatory healthcare services industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic significance and performance of the outpatient healthcare sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to understand healthcare industry trends and the broader economic contribution of the ambulatory healthcare sector in South Carolina.
Q: Are there update delays or limitations?
A: This data is typically published with a lag of several quarters, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in South Carolina (SCAMBHCNGSP), retrieved from FRED.