Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in the District of Columbia
DCDATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
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.
Related Trends
Industrial Carbon Dioxide Emissions, Asphalt and Road Oil for District of Columbia
EMISSCO2VARICBDCA
Bachelor's Degree or Higher for District of Columbia
GCT1502DC
Electric Power Carbon Dioxide Emissions, Petroleum Coke for District of Columbia
EMISSCO2VPCEIBDCA
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in the District of Columbia
DCOTHTRANRGSP
Mining Wages and Salaries in District of Columbia
DCWMIN
Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for District of Columbia
EMISSCO2VCLEIBDCA
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.