Gross Domestic Product: Ambulatory Health Care Services (621) in Wisconsin
WIAMBHCNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,445.90
Year-over-Year Change
59.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the ambulatory health care services industry in Wisconsin. It provides insights into the performance and economic contribution of this vital healthcare sector within the state.
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 Wisconsin trend tracks the total value of goods and services produced by the ambulatory healthcare industry in the state. This data is used by economists and policymakers to analyze the economic health and growth of the healthcare sector and its impact on the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Historical Context
This trend is relevant for understanding the role of the healthcare industry in Wisconsin's economy and can inform policy decisions and business strategies.
Key Facts
- Wisconsin's ambulatory healthcare sector accounts for over $30 billion in GDP.
- The industry has experienced steady growth of around 3% annually in recent years.
- Ambulatory healthcare is one of the largest and fastest-growing sectors of Wisconsin's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the ambulatory health care services industry in the state of Wisconsin. It provides insights into the economic activity and contribution of this vital healthcare sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role and performance of the healthcare industry in Wisconsin's economy. It can inform policy decisions, business strategies, and investments in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the economic health and growth of the healthcare sector and its impact on the overall state economy. It can inform policy decisions and strategies related to the healthcare industry.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in some delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Ambulatory Health Care Services (621) in Wisconsin (WIAMBHCNGSP), retrieved from FRED.