Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the District of Columbia
DCARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.36
Year-over-Year Change
21.92%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the District of Columbia measures the inflation-adjusted output of the arts, entertainment, and recreation sector in the Washington, D.C. region.
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 index provides insight into the real economic activity and productivity of the arts, entertainment, and recreation industry within the District of Columbia. It is used by economists and policymakers to assess the health and growth of this key service sector within the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track real output over time.
Historical Context
This index helps inform policy decisions and investment strategies related to the arts, tourism, and leisure industries in the Washington, D.C. metropolitan area.
Key Facts
- The index is based on 2012 as the reference year.
- Arts, entertainment, and recreation account for over 3% of D.C.'s GDP.
- The index has shown steady growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, chain-weighted output of the arts, entertainment, and recreation sector within the District of Columbia economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into the productivity and growth of a key service industry in the Washington, D.C. region, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track real output over time.
Q: How is this trend used in economic policy?
A: This index helps inform policy and investment decisions related to the arts, tourism, and leisure industries in the Washington, D.C. metropolitan area.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, but may have a short publication delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the District of Columbia (DCARTENTRECQQGSP), retrieved from FRED.