This statistic depicts the impact of community hospitals on the economy in Maryland in 2020. In that year, the effect of hospital expenditures in Maryland on the state's total economic output was approximately 34.9 billion U.S. dollars.
Economic impact of community hospitals in Maryland in 2020
(in million U.S. dollars)
Characteristic
Economic impact of community hospitals
Hospital payroll and benefits (in million U.S. dollars)
7,917
Effect of hospital payroll and benefits on total labor income (in million U.S. dollars)
14,188
Multiplier for earnings
1.79
Effect of hospital expenditures on total output in state economy (in million U.S. dollars)
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American Hospital Association. (February 25, 2022). Economic impact of community hospitals in Maryland in 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/
American Hospital Association. "Economic impact of community hospitals in Maryland in 2020 (in million U.S. dollars) ." Chart. February 25, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/
American Hospital Association. (2022). Economic impact of community hospitals in Maryland in 2020 (in million U.S. dollars) . Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/
American Hospital Association. "Economic Impact of Community Hospitals in Maryland in 2020 (in Million U.S. Dollars) ." Statista, Statista Inc., 25 Feb 2022, https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/
American Hospital Association, Economic impact of community hospitals in Maryland in 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/ (last visited November 21, 2024)
Economic impact of community hospitals in Maryland in 2020 (in million U.S. dollars) [Graph], American Hospital Association, February 25, 2022. [Online]. Available: https://www.statista.com/statistics/203859/economic-impact-of-community-hospitals-in-maryland/
