Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia
DCADMINWASTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.07
Year-over-Year Change
7.03%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia measures the real output of this industry sector. It is a key indicator for economists and policymakers to assess the economic health and productivity of the Washington, D.C. metropolitan area.
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 volume of goods and services produced by administrative, support, waste management, and remediation establishments in the District of Columbia, adjusting for price changes. It provides insights into the overall economic activity and competitiveness of the region's service-based industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its national accounts and regional GDP estimates.
Historical Context
Analysts and policymakers use this index to monitor the District's economic performance and guide policy decisions related to this important service sector.
Key Facts
- The index uses 2012 as the base year.
- The sector includes activities like office administration, facilities support, waste collection, and remediation.
- Trends in this index can signal changes in the District's business climate and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output, or volume of goods and services produced, by administrative, support, waste management, and remediation establishments in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the economic health and productivity of the service sector in the Washington, D.C. metropolitan area, which is a critical component of the region's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its national accounts and regional GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to monitor the District's economic performance and guide policy decisions related to this important service sector.
Q: Are there update delays or limitations?
A: The index is published on a regular schedule by the Bureau of Economic Analysis, but there may be lags in data availability due to the nature of regional economic accounting.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia (DCADMINWASTQQGSP), retrieved from FRED.