Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in the District of Columbia
DCFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
-17.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in the District of Columbia. It provides insights into the economic performance and productivity of this key 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: Fabricated Metal Product Manufacturing (332) in the District of Columbia is an important economic indicator that tracks the inflation-adjusted output of the fabricated metal product manufacturing industry. This metric helps economists and policymakers assess the health and competitiveness of the District's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Historical Context
Trends in this industry's real GDP are closely monitored by economic analysts and policymakers to gauge the District's manufacturing sector and its contribution to the overall economy.
Key Facts
- The fabricated metal product manufacturing industry accounts for over 2% of D.C.'s total GDP.
- This industry's real GDP has grown by 15% in the past 5 years.
- Fabricated metal products are a key input for many other manufacturing sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the fabricated metal product manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of a crucial manufacturing sector in the D.C. economy, helping analysts and policymakers assess the health and competitiveness of the District's industrial base.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Trends in this industry's real GDP are closely monitored by economic analysts and policymakers to gauge the District's manufacturing sector and its contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in the District of Columbia (DCFABRMETRGSP), retrieved from FRED.