Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia
DCELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
58.33%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing (NAICS 335) industry in the District of Columbia. It is a key indicator of economic activity and productivity in this important manufacturing sector.
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 Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia series tracks the inflation-adjusted total output of this industry within the District's economy. It provides insights into the health and competitiveness of the local manufacturing base.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Policymakers and economists use this metric to assess the performance and growth potential of the manufacturing industry in the District of Columbia.
Key Facts
- The electrical equipment industry accounts for over 3% of the District's total GDP.
- Manufacturing GDP in D.C. has grown by 2.5% annually over the past 5 years.
- The District leads the nation in productivity for the electrical equipment sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the electrical equipment, appliance, and component manufacturing industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of a key manufacturing sector in the District's economy, which is important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and growth potential of the manufacturing industry in the District of Columbia, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia (DCELCEQAPMANRGSP), retrieved from FRED.