Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in the District of Columbia
DCAMUSENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211.30
Year-over-Year Change
121.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in the District of Columbia. It provides insight into the economic activity and performance of this 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 Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in the District of Columbia series tracks the total economic output of this industry group within the nation's capital. It is an important indicator of the health and growth of the leisure and entertainment sector in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry estimates.
Historical Context
Policymakers and economists use this data to analyze the economic conditions and trends in the District of Columbia's amusement and recreation industries.
Key Facts
- The amusement and recreation industry contributed $1.9 billion to DC's GDP in 2021.
- This sector grew by 3.8% in 2021 after declining 17.3% in 2020 due to the COVID-19 pandemic.
- The District of Columbia accounts for about 1.6% of total U.S. amusement and recreation GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries 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 performance of the leisure and entertainment sector in the nation's capital, which is an important indicator for policymakers and economists.
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 their GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the economic conditions and trends in the District of Columbia's amusement and recreation industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in the District of Columbia (DCAMUSENGSP), retrieved from FRED.