Chain-Type Quantity Index for Real GDP: Educational Services (61) in the District of Columbia
DCEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.94
Year-over-Year Change
-2.11%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in the District of Columbia measures the real output of the educational services sector in the District. This metric is important for economists and policymakers to assess the economic health and productivity of the education industry.
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 economic trend represents the real, inflation-adjusted quantity of goods and services produced by the educational services sector in the District of Columbia. It is a useful indicator of the sector's economic performance and can inform policy decisions related to education funding, investment, and workforce development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
Policymakers and market analysts monitor this trend to gauge the broader economic conditions and productivity of the education industry in the District.
Key Facts
- The educational services sector accounts for over 4% of the District of Columbia's GDP.
- The chain-type quantity index uses 2012 as the base year.
- This metric is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the educational services sector in the District of Columbia. It provides a quantitative indicator of the sector's economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and market analysts to assess the health and performance of the education industry in the District of Columbia, which can inform decisions around funding, investment, and workforce development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the broader economic conditions and productivity of the education industry in the District of Columbia, which can inform policy decisions related to the sector.
Q: Are there update delays or limitations?
A: This metric is updated quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in the District of Columbia (DCEDCATQGSP), retrieved from FRED.