Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia
DCAPPLEATHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-35.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real 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 contribution of this key manufacturing sector to 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 Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia metric tracks the inflation-adjusted output of this industry group within the District's economy. It is a valuable indicator for analyzing the health and growth of this important manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP statistics.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess the economic conditions and competitiveness of the District's manufacturing sector.
Key Facts
- The apparel, leather, and allied product manufacturing industry accounts for approximately 1% of the District of Columbia's GDP.
- Real GDP in this sector has seen a steady decline over the past decade, reflecting broader trends in U.S. manufacturing.
- The District of Columbia's manufacturing base is relatively small compared to other major U.S. metropolitan areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and economic contribution of a key manufacturing sector in the District of Columbia, which is valuable for policymakers, economists, and market analysts.
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 comprehensive GDP statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the economic conditions and competitiveness of the District's manufacturing sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the broader GDP statistics published by the U.S. Bureau of Economic Analysis.
Related Trends
Administrative and Waste Services Earnings in District of Columbia
DCEADM
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the District of Columbia
DCMOTPICSNDRGSP
Average Weekly Earnings of All Employees: Leisure and Hospitality in the District of Columbia
SMU11000007000000011A
Transportation Carbon Dioxide Emissions, Aviation Gasoline for District of Columbia
EMISSCO2VAVACBDCA
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for District of Columbia
PPCILBU18DC11000A156NCEN
Average Weekly Earnings of All Employees: Private Service Providing in District of Columbia
SMU11000000800000011
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia (DCAPPLEATHMANRGSP), retrieved from FRED.