Gross Domestic Product: Ambulatory Health Care Services (621) in Virginia
VAAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,409.60
Year-over-Year Change
85.81%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the ambulatory health care services industry in Virginia. It provides important insights into the economic performance and growth of this critical 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
The Gross Domestic Product: Ambulatory Health Care Services (621) in Virginia metric tracks the total economic output of the ambulatory health care services industry within the state. This data point is widely used by economists and policymakers to analyze the health and trajectory of Virginia's healthcare sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Monitoring this trend helps inform decisions related to healthcare policy, investment, and resource allocation in Virginia.
Key Facts
- Virginia's ambulatory health care services industry accounts for over 4% of the state's total GDP.
- This sector has experienced steady growth of around 3% annually over the past decade.
- Ambulatory health care services is one of the largest and fastest-growing industries in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the ambulatory health care services industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP of Virginia's ambulatory health care services sector provides important insights into the performance and growth of this critical industry, which is vital for understanding the overall state economy.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform decisions related to healthcare policy, investment, and resource allocation in Virginia.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Virginia (VAAMBHCNGSP), retrieved from FRED.