Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the District of Columbia
Annual, Not Seasonally Adjusted
DCARTENTRECRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,298.20
Year-over-Year Change
24.05%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the total value of goods and services produced in the United States, adjusted for inflation and not seasonally adjusted. It is a key indicator of overall economic activity and 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 Gross Domestic Product (GDP) Trend, Annual, Not Seasonally Adjusted, represents the total dollar value of all final goods and services produced within the United States over the course of a year. It is a comprehensive measure of economic output and is widely used by policymakers, analysts, and researchers to assess the health and performance of the U.S. economy.
Methodology
The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys, administrative data, and other sources.
Historical Context
This GDP trend is closely monitored by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and investment strategies.
Key Facts
- GDP represents the total value of all goods and services produced in the U.S.
- The annual, not seasonally adjusted data removes the effect of seasonal variations.
- GDP is a key indicator of the overall health and performance of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all final goods and services produced in the United States over the course of a year, adjusted for inflation and not seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted GDP trend is a comprehensive measure of economic output and a key indicator of the overall health and performance of the U.S. economy. It is closely monitored by policymakers, analysts, and researchers to inform economic decision-making.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys, administrative data, and other sources.
Q: How is this trend used in economic policy?
A: This GDP trend is closely monitored by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted GDP data is subject to regular updates and revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product (DCARTENTRECRGSP), retrieved from FRED.