Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the District of Columbia
Quarterly, Seasonally Adjusted Annual Rate
DCARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,627.40
Year-over-Year Change
48.61%
Date Range
1/1/2005 - 1/1/2025
Summary
This metric measures the annualized rate of change in real personal consumption expenditures (PCE), adjusted for seasonal variations. It serves as an important indicator of consumer spending and economic growth.
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 Quarterly, Seasonally Adjusted Annual Rate of change in real PCE provides insights into the pace of consumer demand, a crucial driver of U.S. economic activity. It is widely followed by economists, policymakers, and market analysts to assess the health and direction of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric informs monetary and fiscal policy decisions, as well as investment strategies and market forecasts.
Key Facts
- The PCE price index is the Federal Reserve's preferred measure of inflation.
- Consumer spending accounts for about 70% of U.S. economic activity.
- Rapid changes in this metric can signal shifts in economic momentum.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annualized rate of change in real personal consumption expenditures (PCE), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial driver of economic growth, and this metric provides important insights into the pace of consumer demand and the overall health of the U.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 as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions, as well as investment strategies and market forecasts.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the statistical agency, and there may be a lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DCARTENTRECNQGSP), retrieved from FRED.