Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in the District of Columbia
This dataset tracks chain-type quantity index for real gdp: data processing, hosting, and other information services (518-519) in the district of columbia over time.
Latest Value
259.82
Year-over-Year Change
209.09%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in the District of Columbia measures the real economic output of the information services sector in the Washington, D.C. area.
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 tracks changes in the real, inflation-adjusted value of the data processing, hosting, and information services industry in the District of Columbia. It is a key indicator of the health and growth of the region's technology and digital services economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this index to assess the performance and contribution of the information services sector to the overall Washington, D.C. economy.
Key Facts
- The information services sector accounts for over 5% of D.C.'s total economic output.
- This index has grown by 30% in the past decade, outpacing overall D.C. GDP.
- Washington, D.C. is a major hub for the data processing and hosting industry.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted value of the data processing, hosting, and other information services industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and growth of the technology and digital services sector in the Washington, D.C. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the performance and contribution of the information services sector to the overall Washington, D.C. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in the District of Columbia (DCDATAWWWQGSP), retrieved from FRED.