Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia
DCADMINWASTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,108.80
Year-over-Year Change
67.93%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the Gross Domestic Product (GDP) for the Administrative and Support and Waste Management and Remediation Services industry (sector 56) in the District of Columbia. It provides insights into the economic output and performance of this critical service 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 Administrative and Support and Waste Management and Remediation Services industry includes a wide range of activities, such as office administration, facilities support, waste collection, and remediation services. This GDP measure helps economists and policymakers evaluate the health and contribution of this industry to the overall District of Columbia economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and national accounts.
Historical Context
This GDP trend is used by economists, businesses, and policymakers to analyze the economic conditions and performance of the District of Columbia.
Key Facts
- The Administrative and Support and Waste Management and Remediation Services industry accounts for approximately 4% of the District of Columbia's GDP.
- This industry has experienced steady growth in the District of Columbia over the past decade.
- The District of Columbia has a higher concentration of this industry compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the Administrative and Support and Waste Management and Remediation Services industry (sector 56) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This GDP measure helps economists and policymakers evaluate the health and contribution of this critical service sector to the overall District of Columbia economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and national accounts.
Q: How is this trend used in economic policy?
A: This GDP trend is used by economists, businesses, and policymakers to analyze the economic conditions and performance of the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia (DCADMINWASTNGSP), retrieved from FRED.