Real Gross Domestic Product: Educational Services (61) in the District of Columbia
DCEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,336.40
Year-over-Year Change
-2.11%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Educational Services (61) in the District of Columbia measures the inflation-adjusted economic output of the educational services sector in Washington, D.C. This metric is important for understanding the state of the local economy and educational 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 series tracks the real (inflation-adjusted) gross domestic product for the educational services sector in the District of Columbia. It provides insight into the size and performance of the local education industry, which is a key part of the D.C. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators.
Historical Context
Policymakers and analysts use this metric to assess the health and trends within the D.C. education sector and its contribution to the overall regional economy.
Key Facts
- Washington, D.C. has a large education industry.
- The education sector accounts for a significant portion of the D.C. economy.
- Real GDP for D.C. educational services has shown growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted gross domestic product (real GDP) of the educational services sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and size of the education industry, which is an important part of the D.C. regional 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 a variety of economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trends within the D.C. education sector and its contribution to the overall regional economy.
Q: Are there update delays or limitations?
A: There may be a lag of several months in the availability of the latest data for this economic trend.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in the District of Columbia (DCEDCATRGSP), retrieved from FRED.