Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia
DCADMINWASTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,202.00
Year-over-Year Change
24.56%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the District of Columbia. It provides insight into the economic activity and productivity of this sector within the region.
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 real GDP for the administrative and support and waste management and remediation services industry in the District of Columbia represents the total economic output of this sector, adjusted for inflation. It is a key indicator of the industry's contribution to the overall economic performance of the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is used by policymakers, economists, and industry analysts to monitor the economic health and competitiveness of the administrative and support services sector in the District of Columbia.
Key Facts
- The administrative and support services industry accounts for a significant portion of the District of Columbia's economy.
- This sector includes activities such as office administration, facilities support, and waste management.
- Trends in real GDP for this industry can provide insights into the region's economic competitiveness and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the administrative and support and waste management and remediation services industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic activity and productivity of the administrative and support services sector, which is an important component of the District of Columbia'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 using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to monitor the economic health and competitiveness of the administrative and support services sector in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other regional GDP statistics published by the U.S. Bureau of Economic Analysis.
Related Trends
Number of Identified Exporters to Finland from District of Columbia
DCFINA475SCEN
Number of Identified Exporters to Japan from District of Columbia
DCJPNA475SCEN
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia
DCNMMPMANQGSP
Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in the District of Columbia
DCACCFDQGSP
All Employees: Service-Providing in the District of Columbia
SMU11000000700000001A
Average Hourly Earnings of All Employees: Leisure and Hospitality in District of Columbia
SMU11000007000000003
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the District of Columbia (DCADMINWASTRGSP), retrieved from FRED.