Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia
DCDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.20
Year-over-Year Change
17.15%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia' measures the inflation-adjusted economic output of the durable goods manufacturing sector in Washington, D.C. This metric is crucial for analyzing regional economic performance and trends.
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 series tracks the total inflation-adjusted value of goods produced by the durable manufacturing industries in the District of Columbia, including sectors like machinery, electronics, and transportation equipment. It provides insight into the health and productivity of this key component of the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information on production volumes and prices.
Historical Context
Policymakers and analysts use this metric to monitor the District of Columbia's manufacturing competitiveness and economic development.
Key Facts
- Durable goods manufacturing accounts for over 10% of D.C.'s GDP.
- This sector has seen steady growth in recent years.
- Transportation equipment is the largest durable goods industry in the District.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total real (inflation-adjusted) value of goods produced by the durable manufacturing industries in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into the health and productivity of a key component of the District of Columbia's economy, helping policymakers and analysts assess regional economic performance.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using information on production volumes and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the District of Columbia's manufacturing competitiveness and guide economic development strategies.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the District of Columbia (DCDURMANRQGSP), retrieved from FRED.