Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in the District of Columbia
DCEDHLTHSOCASSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,003.70
Year-over-Year Change
55.15%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the educational services, health care, and social assistance sectors in the District of Columbia. It provides insight into the economic activity and performance of these key industries within the local economy.
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
The GDP for educational services, health care, and social assistance represents the total value of goods and services produced by these industries in the District of Columbia. This metric is used by economists and policymakers to analyze the contribution of these sectors to the overall economic output and growth of the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is closely monitored by local and federal officials to inform policy decisions and investments related to these vital public services.
Key Facts
- The educational services, health care, and social assistance sectors account for a significant portion of the District of Columbia's GDP.
- These industries are major employers in the region, providing jobs in crucial public service fields.
- Trends in this GDP metric can signal changes in the demand for and funding of these vital community resources.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the educational services, health care, and social assistance sectors in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and contribution of these key public service industries, which are important for understanding the overall economic health and development of the region.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by local and federal officials to inform policy decisions and investments related to these vital public services.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in reporting due to the complexity of collecting information across these sectors.
Related Trends
Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in the District of Columbia
DCPRIMETMANQGSP
All Employees: Leisure and Hospitality: Full-Service Restaurants in District of Columbia
SMU11000007072251101SA
Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for District of Columbia
EMISSCO2VCLEIBDCA
Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the District of Columbia
DCHLTHSOCASSQQGSP
Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in the District of Columbia
DCCPUSYSDSGNQGSP
Gross Domestic Product: Rail Transportation (482) in the District of Columbia
DCRAILTRANNGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in the District of Columbia (DCEDHLTHSOCASSNGSP), retrieved from FRED.