Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Utah
UTAMBHCQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.80
Year-over-Year Change
90.54%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Utah measures the real output of the ambulatory health care sector in the state. This metric is important for economists and policymakers to assess the health of Utah's healthcare industry and broader economic conditions.
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 index tracks the real, inflation-adjusted value of goods and services produced by the ambulatory healthcare sector in Utah. It is a key indicator of the sector's productivity and growth, providing insights into the state's healthcare infrastructure and economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts procedures.
Historical Context
This trend is widely used by policymakers, analysts, and businesses to monitor the healthcare industry's contribution to Utah's GDP and inform economic and healthcare policy decisions.
Key Facts
- The index is based on 2012 as the reference year.
- Utah's ambulatory healthcare sector accounts for over 3% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the ambulatory healthcare sector in the state of Utah. It provides a quantitative assessment of the sector's productivity and growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and performance of Utah's healthcare industry, which is a key driver of the state's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts procedures.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this trend to monitor the healthcare industry's contribution to Utah's GDP and inform economic and healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, so there may be a short delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Utah (UTAMBHCQGSP), retrieved from FRED.