Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the District of Columbia
DCAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
31.58%
Date Range
1/1/2005 - 10/1/2020
Summary
The Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the District of Columbia measures the economic output of these sectors in the region. It is a key indicator of the strength and composition of the District's economy.
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 series represents the value added by the agriculture, forestry, fishing and hunting industries to the overall GDP of the District of Columbia. It provides insight into the role these sectors play in the local economy and how they contribute to the region's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to evaluate the economic health and structural composition of the District of Columbia's economy.
Key Facts
- The District of Columbia's GDP from agriculture, forestry, fishing and hunting was $126 million in 2020.
- This sector accounts for approximately 0.4% of the District's total GDP.
- GDP in this industry has grown by 2.5% annually on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the agriculture, forestry, fishing and hunting industries in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role these sectors play in the District's economy and how they contribute to overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the economic health and structural composition of the District of Columbia's economy.
Q: Are there update delays or limitations?
A: There may be some time lag in the data availability, as it is based on estimates from the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the District of Columbia (DCAGRNQGSP), retrieved from FRED.