Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia
DCAPPLEATHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-30.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in the District of Columbia. It provides insights into the performance and importance of this key manufacturing sector within the local 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
The Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia metric tracks the economic output of this manufacturing subsector in the nation's capital. It is a valuable indicator of the production, employment, and investment levels within this industry and the broader Washington, D.C. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
This metric is closely watched by policymakers, industry analysts, and local economic development officials to gauge the health and competitiveness of the District's manufacturing base.
Key Facts
- The apparel, leather, and allied product manufacturing industry contributed $XXX billion to D.C.'s GDP in the latest period.
- This sector accounts for X% of total manufacturing output in the District of Columbia.
- GDP in this industry has grown/declined by Y% over the past Z years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in the District of Columbia. It provides insights into the performance and importance of this key manufacturing sector within the local economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, industry analysts, and local economic development officials to gauge the health and competitiveness of the District's manufacturing base. It offers valuable insights into production, employment, and investment levels within this crucial industry.
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 regional economic accounts.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and local officials to assess the performance and competitiveness of the apparel, leather, and allied product manufacturing industry in the District of Columbia. It informs economic development strategies and policies aimed at supporting this key manufacturing sector.
Q: Are there update delays or limitations?
A: There may be lags of several months between the end of a reporting period and the publication of the latest GDP data for this industry and region. Additionally, the data may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia (DCAPPLEATHMANNGSP), retrieved from FRED.