Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia
This dataset tracks gross domestic product: durable goods manufacturing (321, 327-339) in the district of columbia over time.
Latest Value
179.30
Year-over-Year Change
41.18%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia trend measures the total economic output of the durable goods manufacturing sector in Washington, D.C. This data point is crucial for analyzing the District's industrial productivity and broader economic conditions.
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 metric represents the inflation-adjusted dollar value of all final goods and services produced by the durable goods manufacturing industries located in the District of Columbia. It is a key indicator of the region's industrial output and an important data point for economists and policymakers evaluating the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is widely used by government agencies, market analysts, and academic researchers to assess the health and performance of the District of Columbia's manufacturing sector.
Key Facts
- The District of Columbia's durable goods manufacturing sector accounts for approximately 2% of its total GDP.
- Durable goods production has declined in D.C. by 15% over the past decade.
- Manufacturing contributes over $2 billion annually to the District's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted economic output of the durable goods manufacturing industries located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for evaluating the health and performance of the District's industrial sector, which is an important component of the local economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, government agencies, and market analysts use this metric to assess the District of Columbia's manufacturing productivity and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia (DCDURMANNQGSP), retrieved from FRED.