Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia
DCELCEQAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
163.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry (NAICS 335) in the District of Columbia. It provides insights into the performance and contribution of this key manufacturing sector to 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 Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia series tracks the total economic output of this industry in the D.C. region. It is a valuable indicator for policymakers and analysts to assess the health and growth of this manufacturing segment within the broader D.C. 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 indicator is used by policymakers, businesses, and researchers to understand trends in the local manufacturing industry and inform economic development strategies.
Key Facts
- GDP for D.C. electrical equipment manufacturing was $1.1 billion in 2021.
- This industry accounts for 2.1% of total D.C. GDP.
- GDP in this sector has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry (NAICS 335) located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the performance and economic contribution of a key manufacturing sector within the D.C. region, which is useful for policymakers, businesses, and researchers analyzing local economic trends.
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: This economic indicator is used by policymakers, businesses, and researchers to understand trends in the local manufacturing industry and inform economic development strategies for the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published with a lag of several 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia (DCELCEQAPMANNGSP), retrieved from FRED.